We all want to make more and more money and we also know that in order to make more money, we have to have our finances well planned. Some individuals who can afford to hire financial advisors for the same, go for it but there are many who can neither afford expensive financial planners nor want to do so because they like to take a charge of their finances all by themselves. Such people look for some basic guidance but keep wandering around in the hope of getting somebody who can guide them. But now there is a new hope of for such people and that hope is the advent of online financial planners. These online financial planners offer high quality financial advice to individuals, irrespective of their income. They help clients set realistic goals and create customized portfolios that help in achieving financial goals. Such companies invest heavily in technology so that they can give the best service to their online clients. Their online financial planning software replaces the traditional human financial advisor by making holistic and high quality financial advice accessible to everyone in India.
Online financial planning companies offer diversified portfolio for investments. They also offer recommendations on life goals, insurance, loans, expenses and tax. Their client list includes individuals, families, non-resident Indians and business entities. One benefit of dealing with online financial planningfirms is that there is no minimum investment limit. The client can start with any amount he or she has which is very unlike traditional, full-service financial planners that give more weightage to wealthy clients. Also, there are no hidden charges. Most of the online financial planners take a one-time fee for a year or so. They believe in bringing the real difference in the way financial advice is delivered in India. All the personal income data provided by clients is kept completely confidential and safe. In case there is any involvement of the third party for the execution of financial plans, the service provider makes sure that the client knows about it and has given the permission for sharing his or her income details to the third party.
To conclude, online financial planning is a great idea and it especially suits people who use technology on a daily basis for work and personal reasons. People who don’t have time to go to financial planners’ offices or people who can’t afford personal advisors, they all can switch to online financial planning which is much more convenient.
Ray Anderson I am author of this article. I write article on behalf of www.wealthcareindia.com. Wealthcare Securities Pvt. Ltd. is a Certified Financial