Of Robo Advisors and Digital Financial Management...
The way we invest has changed. In this new decade, the Indian investor recognizes the equity
market's power and trusts data and technology to make decisions for her. These investors are
looking for financial planners to remove investment research's burden. And true to today's
world - they want financial management to be available digitally....
Importance of Financial Planners
A financial planner advises strategies to meet your financial needs and long-term goals.
They comprehend your financial situation, understand what you want from your money
presently and in the future, and then suggest appropriate investments to you. A
financial portfolio advisory can give you tailored portfolios for your needs.
Do You Need an Investment Advisor?
If you want to make the most out of the opportunities the financial market provides, it
is best for you to go for an expert to help navigate the markets for you.
A ﬁnancial advisor specializes in the field of finance and investments. They provide
ﬁnancial knowledge and advice to customers based on their expertise in that field and
per the customers' requirements.
Types of Financial Planners
Your needs, period of life, and financial situation will determine the kind of financial
advisor who is best for you. Below, we'll list a few possibilities.
In the fast-paced world, a Robo-advisor might be adequate to satisfy your needs. The cost
of financial management has significantly decreased because of automation, which has
helped established organizations like Vanguard and Fidelity and online-only businesses
like Betterment and Wealthfront. These businesses are perfect if you only require
investment management rather than comprehensive financial planning.
For a small fee—Robo-advisors create and maintain a portfolio of inexpensive investments
tailored to your financial objectives. A computer algorithm chooses the investment mix,
automatically modified as necessary.
The low entrance hurdle and cost of Robo-advisors lower the barriers to achieving your
financial objectives. That's crucial because staying out of the market could starve your
retirement. You can begin with a robot counsellor and, if necessary, add a human
Traditional, In-Person Financial Planners
Those with complex or continuing planning needs may be better suited to a conventional,
in-person financial planner.
Online Financial Planning Services
Numerous online planning firms offer access to active financial advisers and
computer-driven portfolio management. A thorough financial plan and a dedicated
financial planner are frequently provided. However, meetings with the advisor typically
take place over the phone or by video conference.
Online planning services are often more expensive than Robo-advisors but less expensive
than conventional financial planners.