Your advisor should work in your best interests
SEBI RIA | FEE-ONLY ADVISOR | FIDUCIARY
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For millions of middle class parents, an education abroad is seen as a passport to a good life. Educating children abroad has become a trend these days. There are reasons for it and hence cannot be summarily dismissed as a passing fad.
Almost all professions require a high level of professional competence & diligence. In most professions, there is no equivalent of the hippocratic oath. But, what the Hippocratic oath signifies is important to every profession.
While every field has experts to go to who can be expected to offer unbiased, client-centric advice, the financial services area was marked by the absence of any such advisor. The only people who offered “advice”were product sellers. When they provide “advice” and sell the product there is an inherent conflict of interest. There is an inherent contradiction here when a product seller representing his/her principal is also donning the cap of an advisor.
What ongoing services does the advisor offer? Is that valuable to you? Are there any service standards which the advisor is committing to?
We all have dreams in life & why not? Our families have various needs & wants and we would like to provide the best we can. But, that’s not all. We have several goals that needs to be achieved in life. Some of them are – A home, second home, holiday home, foreign vacations, children’s education ( including education abroad ), a high end car etc. Yet, we have to be careful what we wish for. Why do I say that?
Mr Suresh and his team deliver truly professional financial planning services and put their clients’ interests first – I’d happily recommend LADDER7 to anyone wanting a holistic personalised service.
The take-away that I can confidently share is that their advice puts the client first, and is free from any conflict of interest. I value the peace of mind (can a price be put on this?) that comes from knowing that our finances are under knowledgeable and competent advice, freeing me to pursue other interests.
Looking back in the cosy confines of today, but for Suresh and his wonderful set of colleagues in Ladder 7 Financial Advisories, I would be that guy looking for the next paycheck, paying off mortgages and live forever frustrated. Life just changed once I placed that "trust" in Suresh. "It is not Timing the Market, he keeps saying. It is Time in the Market."
There are instances, where they are able to do changes as well cater to my requests with very effective responsiveness and don't force options on you. Recommendations are there but it is upon you how and when you would want to adopt.
The friendly but professional team painstakingly collected the required details from us and offered a thorough plan with detailed recommendations based on our goals. And, there was no looking back.
I must say that this decision has proved to be one of the best in my life. At that time, my financial status had several issues. I had made a few investments but they were mostly haphazard, and primarily in debt and insurance policies. Also, my investments were not linked to my life goals. This changed after going to Ladder 7.
I got a very detailed financial plan, which went into each and every aspect of my finance and requirement. They worked out even the schedule of how I should cash out my ESOPs and how to deploy the money got out of it, overtime. Their services post the plan completion was pretty good and the team members have been very responsive.
I can say that Mr Suresh advises are responsible for my wealth creation and my financial security of my future. I observed him to be genuine, highly professional and customer centric. I strongly recommend that every professional should avail the services of ladder 7 to fully focus on their work and allow the team of Ladder 7 headed by Mr Suresh take care of their wealth.
It was a pleasure to be associated with Ladder 7 Financial advisories for preparation of the financial plan. They were meticulous in reviewing the personal income, expense, asset & liability profile, insurance coverage & investment portfolio and devise a plan to ensure fulfillment of the key life goals.
Suresh & his team are truly what I will call them as Financial Doctors/True Certified Financial Planners looking after my financial health. I fully recommend their name to whosoever who wants to come to them for getting their financial planning done.
I was having a slight concern about the physical distance between Chennai and Mumbai. It was a non issue as Mr Suresh and his team interacted through Skype, email and phone as a trusted advisor and friend, with professional and courteous approach combined with swift responses.
Their periodic review of our financial-health and life-goals has been holistic and informative. The plan arising out of it has always been practical and implementable.
Suresh brought a lot of professional experience, ethics, integrity and customer oriented approach in all our interactions and it is a great pleasure to deal with him and his firm. We also got similar experience with Sage Counsel Advisors their implementing partners and net net we are very happy.
From the first meeting, we got the impression that we are partnering with a competent and capable team of professionals. Over the next few months we had many meetings, in which they understood in great detail, our current financial position, and medium and long term financial goals. Based on all these information, they drew up a well researched investment plan to suit our purpose.