For you or your family, choosing the best financial advisors in Kerala is the same as hiring a chief financial officer. To locate someone you can collaborate with for a very long time, you should follow a methodical process. It can take a little longer to find the ideal individual or business, but your peace of mind will be well worth the time commitment.
Let’s go through some basic facts before choosing any one of the best financial advisory services in India

Know the type

Some financial advisors provide investment management services but not financial planning services. While some manage investments, they don't offer any financial planning. Some people are skilled at preparing retirement income for people who are already retired or about to be so. Others concentrate on building wealth for people who won't retire for another 10 or 20 years.
You must be aware of the kind of financial advice you require and the services a potential advisor offers in order to identify the most suitable financial advisor for your needs.
Here is a quick list of the three primary categories of service offers, first one includes financial planning is concerned with all facets of your financial life like how much money you should save and the kind of insurance you require. It involves more than simply your investments. Then, investment management choices like which investments to buy in which accounts are then the main focus of investment advisory services. Only as part of an ongoing financial planning process are the best investments chosen. And third, planning for retirement income is concerned with how to juggle several factors, including Social Security, taxes, investments, pensions, retirement date, and more so that they all work together to produce a retirement salary that will last a lifetime.

Always look for reputation

No two credentials are the same. For a charge, some organisations produce credentials that are simple to obtain so that salespeople can do so and project an image of expertise.
Look for individuals who have their CFP (Certified Financial Planner) or PFS (Personal Financial Specialist) designations, or an investment adviser who has their CFA (Chartered Financial Analyst) degree, if you want to locate advisors or financial planners with reputable credentials. The fiduciary standard of care requires CFP professionals to always put the interests of their clients ahead of their own. This is significant since it binds them to their profession. Passing a test proving knowledge of the subject topic is required to earn credentials. An adviser must follow an ethics code and fulfil continuing education requirements in order to keep their certification.

Fixing Their Fee

Financial advisors can bill for their services in a variety of ways, but fee-only advisors are the most impartial and unbiased. Knowing how a possible financial advisor might be paid, such as by charging an asset-based charge, an hourly fee, or taking part in commissions, will help you pick the best financial advisor. Recognize the distinction between a fee-only and non-fee-only advisor. Based on achieving sales targets or goals, a non-fee-only adviser may be eligible to receive different sorts of kickbacks or incentives from their employer. There is no proper or improper method of paying an advisor. Your financial needs will determine what is most practical for you.

Ask Before Hire

You can weed out financial counsellors with whom you don't get along by asking the correct questions. How much time have they spent working out? How do they get paid? Can they explain the various retirement estimates to you?
You can learn more about the financial advisor's communication style, areas of expertise, and ideal customer by asking particular interview questions. Making sure you comprehend the responses is crucial, as is being at ease enough to inquire further if you don't.
It's always a good idea to request recommendations from someone. However, many advisors are unable to disclose the identities of other clients because of privacy laws. Financial advisors are not permitted to use testimonials unless certain requirements have been completed, such as declaring if the individual providing the testimonial or recommendation is a client and whether the endorser is compensated.

Check and Verify Credentials

Verify an advisor's credentials and complaint history by checking their records with the Financial Industry Regulatory Authority (FINRA), the Securities and Exchange Commission (SEC), the CFP Board, or other membership organisations with which the advisor is affiliated in order to be certain that they are legitimate and have a good service record before you hire them. Conflicts of interest that advisers may have are listed in Form ADV Part 2, a booklet that needed to be submitted to the SEC. You might also want to look at ADV Part 1, which describes the ownership structure of an advising firm and Form CRS, which provides details on a firm's or advisor's business operations and compensation. Ask the Investment Adviser Public Disclosure website for the first two.

Thus check for all nukes and corners before appointing a financial advisor. Betterlife, a financial consultants Kochi is one the most recommended choices for the same.