Choosing the right financial planner is a wise investment, say experts

Discussing scope of work will enable the registered investment advisor to decide the right fee

Today (October 6) is World Financial Planning Day. If you have not got a financial planner yet, but feel having one will help you achieve your life's key financial goals, today is the right day to kick your plan into action.

Go with a Sebi RIA

The person offering financial planning should be registered with the Securities and Exchange Board of India (Sebi) as a registered investment advisor (RIA).

“This is the first qualification you should look for,” says M Pattabiraman, founder, Freefincal.com.

Sebi's website has a list of all RIAs in the country.

When you meet the RIA, explain