2020 and Covid 19 reminded us how lucky we are! During this social distancing and lockdown, we used the digital world’s boon in every possible way. The virtual world merged with our everyday reality and made things easier for us.
Be it a virtual fitness trainer or a virtual financial advisor, and we could connect with the industry experts within a minute. Those who are serious and action takers about their financial planning and portfolio clearly understands the importance of a financial advisor. But let’s talk about the advantages of a virtual financial consultant.
Who is a virtual financial consultant?
A virtual financial advisor is a financial strategist who guides us about our investments, portfolio management, retirement planning, or better to say, managing our money matters via the internet. Different platforms, video calling sites, and other technological methods enable us to connect with these advisors from wherever we want.
Now let’s talk about the benefits.
You can get all the guidance and consultation you need from the comfort of your house. Now, your spouse can actually participate and share his or her insight. You do not need to rush to their office or adjust your daily schedule anymore. Those days are basically gone when you had to wait for your advisors.
We love to talk about money and keep counting cash. But when it comes to signing and reading the never-ending files, Nah, let’s not talk about that. Yes, it is an advisor’s responsibility to help us understand the financial jargon, but that does not save our precious time. Be it buying a share or investing in Gold, and we had to go through so many documents to get things done.
Now with the new-age virtual advisors, most of the finance management company has launched their app where you can actually evaluate a stock within 10 mins, and it will take another 2 mins or so to invest in it. You do not even have to keep giving your autograph on every page. Now you can just sign it digitally, and the rest will be taken care of by your advisor. If your stock is not performing well, you will get notified and take immediate action with your virtual advisor’s help.
Investors looking to get a financial advisor in big cities with a high cost of living often struggle to find a reasonably priced advisor or that will allow them as a client if they don’t meet the criteria based on the asset minimum.
But things are different in the virtual world. Suppose you are staying at the Upper East Side; that does not mean you need to hire someone from your residential area. You can get associated with someone from South Carolina who will let you invest even if you have a lower asset minimum. The affordability quotient widens up and so do investment options. You can choose from a pool of online financial advisor.
A lot of Options
In the online world, there is no lack of options. As a client, you have all the right to have a conversation before hiring your virtual advisor. Take your time and check the consultants’ background and see the testimonials of their present and past clients. You will get a better idea about the way they work and the outcome people usually get. Being skeptical or choosy regarding investment is understandable. Making a whimsical decision is not at all rational where money and your future is involved.
The 24/7 Support
Most of the virtual financial advising firms have their dedicated customer support team. They understand that you can ask for their help or support at any time. Yes, maybe the stock market is not operational all day long, but you can take a financial decision at night. It is possible to come across a lucrative property deal, and you just need the insight to decide. The customer care executive will be happy to help you at any time. They understand your need and they are always available and happy to assist you at your convenient time.
Being virtually connected does not mean a lack of security or something suspicious. You will always be able to check and visit the official website and even the physical office, if necessary. These virtual financial advisors and companies are all certified and licensed. It is not a challenging task to enquire about the company. So, tap into the virtual world and be a smart investor. Although, read all the terms and conditions carefully before investing or signing.