Selecting An Investment Adviser - What skill set are required?

If you do not have time to manage your investments and would like to get an independent and objective perspective on your investments, then you need an Adviser. What is the skill set you should look in your Adviser? Watch Anup Bansal, MD, Mitraz Financial to know more!

I talked about the business model for your Adviser and Rule No. 1 for selecting her. Once you have shortlisted Advisers based on the business model, next focus on the skill set.

Would you let a non-degree holder, non-trained doctor advise you on your health and medical conditions? Would you let a non-engineer design your bridges, planes and automobiles? I am sure your answer will be an emphatic NO!

Similarly, financial planning and investment advisory are specialized domains requiring formal training. Certified Financial Planner (CFP), Chartered Wealth Manager (CWM), Chartered Financial Analyst (CFA) are some of the recognized and well-defined programs that help the participants gain required domain knowledge and prepare them to be a good Adviser. SEBI, in its 2013 Registered Investment Adviser regulation, has mandated minimum skill set requirements including qualifying NISM Series X-A and X-B Investment Adviser Certification Examinations.

A qualified, skilled and well-trained Adviser (Institutional or Individual) will hand-hold you and provide you with the right solutions suitable for you. A non-qualified, non-professional Adviser may many times seem like an inexpensive proposition but is not conducive to your financial well-being in the long term.

So, while selecting your Adviser -
Rule No. 2 - Select the one who has recognized certifications like CFA, CFP, NISM Series X-A and X-B. An Institutional Adviser should also have regular and effective training processes for its members.

In my next video, I will discuss about the systems and the processes that should be followed by your Adviser


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Mitraz is a SEBI registered Wealth Advisory Firm located in Bengaluru and Mumbai. Managing an Asset base of over INR 4025 Crore with a purpose to help realize a million aspirations, Mitraz has been partnering with clients to achieve their Life Goals for over 8 years with a dedicated team of professionals who manage and grow your wealth in a systematic manner.

Get in Touch:
Mitraz Financial Services Pvt. Ltd.
Ph: +91 70226 43201
Email: micontact@mitraz.financial
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