Professional advice helps: Top 10 myths about financial planning

It is wrong to believe that those knowledgeable about personal finance should not engage with a Registered Investment Adviser

The objective of a financial planning engagement is for a SEBI-Registered Investment Adviser (RIA) to identify and try to fix any personal finance blunders that a client is making. The top three blunders are not saving enough; making too high an allocation to equity; and using high-fee financial products or services.’

Here is a look at the top ten myths about engaging with an RIA.

My distributor has given me a financial plan: SEBI regulations clearly state that financial planning services cannot be offered by mutual fund distributors (MFDs). They can only be offered by RIAs. This is because MFDs