What is Mutual Funds Distributor or Advisor?

1. What is Mutual Funds Distributor or Advisor?

2. The mutual fund industry has added more than 8,000 new distributors this calendar year (2017). Many of these new distributors and some from the existing community may approach you for mutual fund investments. It would make sense to choose a suitable financial advisor who can help you manage your investments.

3. Dealer qualifications • Check how well qualified the dealer is in terms of education and what kind of knowledge and experience they have. The mutual fund advisor should have a good understanding of the different asset classes, such as stocks, bonds, and gold. • He and his team should be in a position to decipher and understand how these asset classes would be affected by various national and international events. The advisor must be able to identify products that meet the requirements of their life stage when and when they are needed.

4. Is your dealer easily accessible? • It is important that a dealer you entrust your money to is accessible. The advisor or her team must be able to respond to your inquiries within a reasonable period of time and must be accessible through whatever means of communication you choose, which may be telephone, email, and meetings. Time is of the essence in the financial world and you should be able to execute your investments quickly.

5. Meet your dealer or advisor • Services offered? • Most investors don't want to discuss their finances and investments with too many people over and over again, as these are confidential things. They want an advisor who can handle their investments with confidentiality. Choose an advisor who is unbiased, who can offer you mutual fund products from all fund houses. • Check past history • It is important to know the background of the person you entrust your money to. What field was he working in, what knowledge does the consultant have. There is no formal rating or rating system for mutual fund distributors in India. • Therefore, in this scenario, the best way is to ask for references. Use social media websites to find out if someone has recommended her advisor or company. That will give you an idea of ​​their strengths. Check references online, ask your friends or family for references, how long the advisor has been in business and how he or she operates.

6. How is the advisor compensated? • A good advisor needs good compensation. Ask your advisor if he uses a distribution model, where he gets a commission from the fund house for every investment he makes. Alternatively, some consultants charge you a fee for the service, based on the time they spend on it or your custom requirements. • There are many online platform for mutual fund distributor that help you make a financial plan as they collect data from you and could be free, while there are experienced financial planners who might charge a fee for it. A comprehensive financial plan requires effort and takes into account your ability to take risks, your future needs, and your life goals.

7. Online MF Distributor • From a regulatory perspective, distribution is experiencing many disruptions. The traditional distribution, or agent-driven model or best online platform for mf distributor, which is fragmented, is subject to many challenges and regulations are slowly moving in favor of digitization. Although offline mode is still a big contributor, online transactions are on the rise due to loosening of regulations and greater product acceptance. Few like us fincash.com are in the online category.

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