Technology has made our life better and changed the way things work. It has changed the way financial advisory services work too. A tech-savvy generation of investors, high-speed data and smartphone usage has helped online financial advisory services to overtake the traditional method of providing stock recommendations over the phone.
Pravin is an executive with a logistics company who keeps shuttling across different cities and towns across India on account of his work. As a result of his busy schedule and meetings, he often used to miss phone calls made by his offline financial advisory service for recommending investment opportunities. Despite operating demat and a trading account for more than 2 years, Pravin was unable to harness the power of equity because of his tight schedule.
On one of his official trips Pravin spotted an advertisement of an online financial advisory service in a travel magazine and decided to check it out. Pravin found the services of the online financial advisory service provider to be very convenient as he no longer needed to depend on phone calls for stock recommendations.
Online financial advisory services offer the convenience of anytime, anywhere access on your fingertips.
There are thousands of online financial advisory services in India. So how does one choose the best online financial advisory service in India?
Opt for SEBI registered online financial advisory services in India
While looking for the best online financial advisory service in India one should only consider SEBI registered ones as they work under the guidelines framed by SEBI which are aimed at promoting greater transparency and avoiding miss-selling.
Opt for online financial advisory services in India which offers a flat Fee Structure
It is highly recommended to go for online financial advisory service which offers a flat fee structure rather than charging fees as a percentage of the investment size.
Check for reviews
One can get a fair idea of the performance of a financial advisory service by checking for online and offline reviews.
Go for a service which offers investment recommendations based on detailed reports
Any investment recommendation made by an online financial advisory should be backed by a detailed report which validates the reason behind the investing in a particular business. Before opting for any financial advisory service in India ask for sample reports from the advisory service which will help you understand the depth of its research.