What are the criteria for selecting a good financial advisor?
Mr. Dayal: I think selecting a good financial advisor is like selecting a good wife in many ways. If you are single, you have your income, your wallet and your cupboard keys with you when you go to work. But the minute you get married, you hand over that key of the tijori or safe in the wardrobe to your wife. Selecting a financial advisor is a bit like that because you earn your money, you have worked hard, and you spend some of it and save some of it. The money you save, you give it to your financial advisor, distributor or fund manager who tells you what to do with your money. Basically youre giving that person a blank cheque. So when you leave for the office, you give the keys of your safe, the keys of your cupboard and the keys of your house to your wife, because you trust your wife. When you leave your entire savings with a financial advisor, its basically like your wife, trusting that person and saying you have the keys to my wardrobe. Well, make sure you have chosen the financia
