What is Investment Advice?
Investment advice is any unbiased and subjective recommendation(s) or guidance that you may expect from a fee-only Financial Advisor. The practice of investment advising encompasses understanding client’s personal aspects, client’s risk profile, client’s financial goals (including objective of investment, time horizon of investment, etc.), macroeconomic factors and thereby providing suitable recommendations.
Only professionals registered with SEBI for the role of Investment Advisor are entitled to give investment advice.
Why will you work with a Fee-only Investment Advisor?
We all are aware that nothing is free in this world. Hence, the “free advice” you think you are receiving, may not be free at all! It is just that you are not paying directly. Unfortunately, most people do not realize the indirect cost borne.
Agents/Brokers/Distributors/Bank Relationship Managers cannot give financial advice. Whatever they say is concentrated to pushing their products without any real understanding of your unabridged picture. They do not consider your specific situations. Also, they highlight only the sunny side of the products. Hence, when you buy/invest in such products without knowing exact features, you end up burning your fingers. Such “advice” may neither be of great quality nor would it be conflict-free. They operate on commissions based on products sales.
From Google, you may get generalized statements/ opinions which may/ may not suit your unique needs.
Under the banner MERRY MIND, Arijit Sen is a SEBI Registered Investment Advisor (Registration No.: INA300012723) & Fiduciary. We are ethically driven only think of your best interests all the time. You can be sure of that we don’t distribute products. Thus we do not receive any commissions/brokerages from any product manufacturers.
While our innocence becomes our ignorance, we take inapt resolutions in our personal financial issues. This is where a fee-only Financial Advisor will impartially guide you through.
The doctor prescribes the medicines after discussing the illness with the patient. The chemist just dispenses the medicine prescribed. Similarly a SEBI Registered Investment Advisor will consider quantitative and qualitative inputs before recommending a required solution for his client. On the other hand, Agents/Brokers/Distributors/Bank Relationship Managers will just sell financial products.
The following personal factors like your age, physical & mental health, income, expenses, your qualifications, emotions & feelings, decisions, experience, your culture & society where you live, your knowledge about personal finance etc. may influence your personal finance. Considering all these parameters, hiring an unbiased Financial Advisor will make your journey towards financial wellness less bumpy.
How do we give Investment Advice?
Under the banner MERRY MIND, Arijit Sen, being a SEBI Registered Investment Advisor in Kolkata (Registration No.: INA300012723), gives unbiased solutions as we work in fiduciary capacity. Since we strictly follow fee-only model in our profession. There is no question of conflict of interest.
Investment Advice Principles
We understand client’s aspirations. We help our clients to give shape to their goals & objectives. This would lead us to offer solutions that meet their requirements. As Certified Financial Planner in Kolkata, we do not follow unrealistic approach while providing investment advice. Hence, we gather exhaustive information from our client regarding their personal life, expectations, goals and financial position, etc. Risk Profiling remains the cornerstone of the entire journey. Based on this, we would need to figure out what needs to be done for our client. We would first need to establish the feasibility of achieving the goals in the time-frames desired. We can go ahead only if it can be established rationally. Thorough analyses of both quantitative and qualitative inputs are done before arriving at suitable unambiguous recommendations.
As Financial Advisor in Kolkata, we constantly educate our clients regarding the processes we follow. This gives them a sense of security and they know where they are heading to in their quest of achieving financial independence.
Arijit Sen
Certified Financial Planner, SEBI Registered Investment Advisor & Qualified Personal Finance Professional ®
He has done his schooling in Kolkata from South Point School and Patha Bhavan. He completed his graduation from St. Xavier’s College, Kolkata in Bachelor of Commerce in 2015. He did specialization in Accounting and Finance. As a part of his curriculum in college, he was supposed to prepare a project on any topic. As his interest inclined towards personal finance, he utilized the opportunity to prepare and deliver a full-scale presentation on “Financial Planning” which was immensely appreciated by the professors.
He grew up closely following his father who has been in the field of personal finance for the last 34 years. He was strong-willed to join his father’s profession since his childhood. The way his father has been dealing with clients always fascinated him. Clients were contented for the services they have been receiving. This is what propelled Arijit to become a fee-only Financial Advisor in Kokata and take his father’s noble endeavour forward.