A major chunk of your productive life is invested in making money. But making money is not enough. You need to know how to manage it effectively. This is where financial consultants come into the picture.
Wish to retire by 40? They will tell you how much you need to invest today. Worried about investing in real estate? They will analyze the market and give you options that best meet your budget and requirements.
Financial consultants in Bangalore help you develop a systematic financial plan. They guide you to accomplish your financial goals. Hiring a financial adviser in Bangalore is tricky business. There are certain things you need to know about. Basically, you need to ensure that any financial consulting firm that you approach is registered with SEBI. If you are looking to hire a private consultant, I recommend someone who holds a CFP certification from Financial Planning Standards Board India.
Here we have collated a list of financial consultants in Bangalore. The Top 10 Financial Consultants in Bangalore lists has been created based on parameters of authenticity, popularity and customer retention rate and success ratio.
Each of these firms have their own specializations, fields that they excel in. You can choose the one that best suits your needs.
As a newbie, financial solutions provided by your bank can be a huge relief. They are trustworthy and dependable. They come with a slight problem. Banks usually have a set of priority customers with heavy pockets. So the service you receive may not be as personalised as you imagine it to be.
1 ICICI Client advisory team
Who can be more reliable than your bank? ICICI’s wealth management division is your best shot at getting expert assistance in making financial decisions. Relationship Managers and a team of financial experts, constantly monitor your investments to keep them on track and help achieve your financial goals. They provide financial services that vary from banking and broking, to insurance, real estate, equities, private equity and more. Your investment manager assists you with investment strategies that best suit your financial profile and requirements. The ICICI Customer Service manager ensures that you receive seamless service. Their team comprises of economists and global product specialists. What more could you ask for in a financial consultant!
Where to find them? ICICI has branches all over Bangalore. You can find the one closest to you using the branch locator option on their website or by simply doing a google search.
2 HDFC Financial consultants
Yet another bank that can double up as your financial consulant. They provide custom tailored financial services for their clients. Laying emphasis on investment advisory services, these folks are proud winners of CNBC TV 18 Financial Advisory Awards. Their bouquet of services includes fixed income, mutual funds, structured products, estate planning, etc. customized to your risk-return profile. You will have solutions to all your money related concerns under a single roof! You needn’t worry about getting second-hand service because HDFC has Imperia Banking, a department dedicated to provide financial advice and services to High networth individuals. To become an HDFC Imperia Banking customer, you need to maintain a minimum Average Monthly Balance of Rs.30 Lakhs across all your Savings and Fixed Deposit accounts.
Where to find them? Like ICICI, HDFC has branches all over Bangalore. You can find the one closest to you using the branch locator option on their website or by simply doing a google search.
Several private consulting firms exist in Bangalore. Make sure that they are registered with SEBI before considering to hire them for advice. Unlike banks, these organizations provide tailor made financial plans that suit you.
3 Dilzer Consultants
Dilzer Consultants is a SEBI Registered Investment Advisor and an ISO 9001(2008) certified company. They boast of 262 High Networth Individuals as clients. Their niche lies in helping create, manage and analyse wealth. Dilshad Billimori,a CFP Certificate Holder from Financial Planning Standards Board of India (FPSB) heads Dilzer Consultants Private Limited. Dilshad was nominated by CNBC Financial Advisor Awards as one of the top 3 advisors from South India. Known for their excellent personalized services, clients include individuals from across the world. They have an impressive number of heartfelt testimonials featured on their website. You ought to take a look!
Dilzer Consultants Address:
307 Embassy Centre, 11 Crescent Road, Bangalore 560001
4 Motilal Oswal
Dipping your feet into the share market for the first time? This 4 time award winning equity brokerage service driven by a customer base of 90,000 people from different parts of the country is a great starting point. Talk about trust! Motilal Oswal Investment Services has diversified client base that includes retail customers (including High Net worth Individuals), mutual funds, foreign institutional investors, financial institutions and corporate clients. This firm provides solid advice for your investments across Equity, Derivatives, Commodity, Currency and Mutual Funds. They also give you options to trade across different exchanges – BSE, NSE, NCDEX, MCX, MSEI.
Motilal Oswal Address:
Bellary Road, Hero Honda Showroom Building, No. 212, Sadashiv Nagar, Bengaluru- 560080
5 Spark Advisers
Spark advisers provide customised need-based solutions to clients with the help of in-house experts and strategic tie-ups. The products they offer include those that fall in the domain of equities, mutual funds, bonds, venture investments and real estate structures. Their services fall into two main categories. Family Office Advisory focussed on acting as a single-point contact for all of their business investment decisions. Private Wealth Advisory that curates client specific financial solutions that sync with their risk profile to deliver the desired financial outcomes. This SEBI approved investment adviser has well established offices in Bengaluru, Chennai and Mumbai.
Spark Advisers Address:
Unit Nos. 503 & 504, 5th Floor, Prestige Towers, No. 99/100, Residency Road, Bengaluru – 560025
A private limited company incorporated in April 2000, Allegro capital advisors is basically an investment bank and financial advisory that has been functioning for over 15 years. Allegro’s clients include Indian corporates, financial institutions, family offices and professionals. They pioneered the fee-based approach towards addressing the financial needs of the mass affluent and high net worth individuals in India. Their list of corporate clients includes senior and middle management from organizations that include Intel, IBM, HP, Coke, Pepsi, Whirlpool Corporation, Hindustan Levers, 3M, Gillette and Cisco amongst others. Allegro is a registered broker with the National Stock Exchange (NSE) and a registered depository with the Securities and Exchange Board of India (SEBI).
9th Floor, “The Residency”, 2, Residency Road, Bangalore – 560025
Founded by IIT and IIM alumnus, Fin@work provides financial advisory and execution services to their clients. Its founder Saurabh Bansal is a Certified Financial Planner and SEBI Registered Investment Advisor. While most financial consulting firms focus on their high net worth clients, Fin@work caters to the middle-income group by provide high-quality advisory services. You can be rest assured as this investment adviser does not manufacture any investment products. They never push any financial products to earn commissions. They help provide customized financial plans that are in line with your investment needs. Fin@Work helps you build long-term wealth in a structured and scientific way. Now that’s definitely something every client wants.
G1 Ebony, No 7/1-2 Hosur Road, Langford Town, Bangalore – 560025
8 Basket option
From Insurance claims advisory to real estate, this organisation literally provides a diversified basket of services. A JGI ventures initiative that began in 2005, Basket option is a one-stop destination for all your financial needs. The group boasts of 10,000+ retail customers across segments and 220+ corporate clients.
Basket Option Address:
Basket Option Pvt Ltd #729, 10th Main, Opp. MES School, Jayanagar, 4th Block, Bangalore- 560 011
From yesteryear actress Waheeda Rehman to Kiran Mazumdar Shaw the Managing Director of Biocon; Sinhasi provides financial services exclusively for High Networth Individuals. A SEBI registered consultancy firm, Sinhasi offers personalized services focussed on Investment products and solutions.
Sinhasi Consultants pvt ltd. “Srinivasam”, No. 20, 9th Cross 6th Main, Malleshwaram Bangalore – 560003
10 ACE Financial Advisories
Founded by Certified Financial planner P Srinivasan, ACE Financial Advisories promise quality recommendations of financial products by means of their financial planning process. Their services include investment, insurance and estate planning.
ACE Financial Advisories Chennai:
Golden Square business centre, 1101, 3rd floor, 24th main, JP Nagar, 1st phase, Bangalore 560078
All this apart, you can consult individual financial planners. They need to be certified by Financial Planning Standards Board, India. Before zeroing down on a Financial consultant in Bangalore, you need to know if the financial planner is right for you. Do your research and use due diligence before actually hiring an advisor.
An average person in the working age group spends a minimum of 40 working hours every week. Managing your finances well will help you glide through unforeseen events without major hiccups. You need money at every step of your life. And a financial consultant will make sure that you do.
Have you availed services from any of the Financial Consultants in Bangalore? Share your feedback on the Best Financial Planners in Bangalore in the comments section.