Do you have a financial advisor or do you manage your own finances?

I am my own financial advisor though I have a financial advisor. He is an agent who helps me does my transactions. Logically, a financial advisor should be able to help me plan my finances, but as they are agents earning commissions from my transactions, I do not trust really trust them to decide for me. They provide me the information, I do my own analysis. Maybe I should say I have not found a proficient financial advisor who is sincere about helping me manage my own finances instead of considering what is good for their own pockets.

Now a days financial advisors are getting popular in india also earlier a concept which developed in western countries.Most of the time a financial advisor will be a person who represents a firm who might have taken franchisee of one mutual funds or insurance co or othe type of savings.Most of them work on salary or on commission basis.and their commsssion depends on how much amount of money they make u to invest.especially in insurance their commission depends upon how much premium u r paying .so all the chaces that they may take advantage of u and sell the wrong product which may not suit u at all or they will make u believe that their product is the best in the market which will give u such kind of profit u r goals will be achived easily.In fact most of the insurance agents now a days approach their friends or relatives and induce them to take the policy these people may not even know what is insurance they will take a policy and end up in trouble after sometime of their life they will find that they don’t have enough fund to meet their childrens education or marriage since they are paying a fixed sum to insurance every month or quarteterly or yrly.now they stop paying them that will be a lose to them.As far as I am concerned insurance is not at all can be considered as a savings option .it should just be like vehicle insurance .so the premium upay will be less though u lose the money,u r family will get risk coverage same time u save the money also. It is better to u will be your own advisor one can easily study easily which one is going to meet his needs whether he has to take risk since he has started to save lately ,put in PF or postoffice ,banks,mutual funds,insurance,chitties,gold,land.One should be his own advisor.

I always hire a financial advisor and dnt do it my own!