About Financial Advisor by Ravinder Tulsiani

1. Depositary characterstics | Ravinder Tulsiani Financial Advisor The financial arm of Ravinder’s career began at CIBC Wealth Management where he advance from Account Manager to Financial Advisor in only two years. From there, he became Quality assertion Specialist at E*TRADE Canada preservation. Next, Ravinder moved on to Key base Financial Group, where he was soon named Chief Compliance Officer of Argos Securities. Then, he made a foray in a new direction. Ravinder became co-founder of a concession training and development consulting firm. He arrange the business plan and marketing design, and created and attend seminars and training sessions for those searching to create a competing EDGE in their organization. A financial advisor provides financial advice or advice to customers for allowance. Financial advisors, or advisers, can provide many different services, such as finance management, income tax arrangement and estate planning. They must carry the Series 65 certificate to conduct business with the public; a large change of licenses are available for the services provided by a financial advisor. Examples of Financial Advisors What may pass as a financial consultant in some occasion may be a product salesperson, such as a dealer or a life insurance agent. A true financial advisor should be a well-educated, credentialed, experienced, financial professional who works on behalf of his clients as disputed to serving the interests of a financial institution. Generally, a financial advisor is an independent practitioner who operates in a depositary capacity in which a client’s interests come before his own. Only Registered Investment Advisors (RIA), who are governed by the Investment Advisers Act of 1940, are held to a true depositary standard. There are some agents and brokers who try to practice in this capacity, however, their benefit structure is such that they are enslaved by the contracts of the companies where they work. The depositary characterstics Since the achievement of the Investment Adviser Act of 1940, two types of relationships have occur between financial intermediaries and their clients. These are the “arms length” relationship that characterizes the actions between registered representatives and clients in the broker-dealer space, and the fiduciary relationship that requires advisors registered with the Securities and Exchange Commission (SEC) as Registered Investment Advisors to exercise duties of loyalty, care and full admission in their interactions with clients. While the former is based on the principle of “caveat emptor” guided by self-governed rules of “suitability” and “reasonableness” in recommending an investment product or strategy, the latter is grounded in associated laws that impose the highest honest standards. At its core, the depositary relationship relies on the necessity that a financial advisor must act on behalf of a client in a way the client would act for himself if he had the precondition knowledge and skills to do so. Professionals who help individuals manage their finances by providing advice on money issues such as investments, insurance, mortgages, college savings, estate planning, taxes and retirement, depending on what the client requests help with. Some financial advisors are paid

2. a flat fee for their advice, while others earn commissions from the investments they sell their clients. Fee-only arrangements are widely regarded to be better for the client. For more information Ravinder Tulsiani For Successful LeadershipSkill:-clickHere