BQ Big Decisions: Do You Need To Consult A Financial Planner?
BloombergQuint’s Big Decisions podcast gets you the insights you need to make big money decisions with confidence.
It’s been said that a financial planner is like a nutritionist or dietitian. You can probably get on with your life without ever consulting one, but if you do take advice, it’s quite likely that you’ll be better off for it.
The landscape in the world of financial products has changed over the past two decades. Where previously a fixed deposit, LIC policy and public provident fund investment were predominant choices, now there are hundreds of options.
In many cases, what occurs as a result is the paradox of choice. Faced with so many options, individuals don’t choose at all. And that’s where good advice becomes valuable.
On this BQ Big Decisions podcast, BloombergQuint spoke with Prableen Bajpai, certified financial planner and founder of FinFix, about the benefits of consulting a financial planner, the costs involved, and what to bear in mind while headed for a meeting with an adviser.