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Do you want to become rich? Do you want to succeed in your financial life? All the rich and successful people have a common Word of Wisdom for you:

Managing your money is more important than the money you earn.

How do you manage your money?

Let’s explore the categories of people with their habits of money management, and find out where do you fit in:

Categories of People, based on their money personality:

Category I: Spenders

They spend every earned penny, no matter how much money they have with them! They follow the policy of instant gratification. They are too amateur to manage any money.

Category II: Random Investors

They invest their left-over money in various mutual funds or stocks, based on their own information obtained from various media channels such as television, newspaper, magazine or internet. Large number of people falls in this category.

Category III: Rich and Successful People

They know the real importance of money management and investment. And, they prefer to take financial advice from Certified Financial Planners. Who, in turn, give them the most efficient ways to invest, save and grow their wealth, no matter how much is the inflation or downsizing going on in the market.

Which Category are you in?

Remember, money has its own set of rules and you must follow them religiously. And, a certified financial planner will help you in the best way to thrive in your financial life.

Now, let’s figure out your status!

In which category are you in?

And, in which category would you like to operate?

If you are committed to operate in Category III, then this post is for you.

Read on for more deeper insights.

The Role of Financial Planners in making you a successful investor

Your first step is to know more about financial planners. What is their role? And, how much you should pay to a Financial Planner for their valuable advice?

Let’s discuss the role of Financial Planners and what they can do for you:

Role of a financial planner is basically for you to achieve your Financial goals. They do this through:

  • Investing and saving your wealth in the most efficient way possible.
  • Saving and growing your money through various investment vehicles.
  • Managing uncertainties by creating pre-planned reserve.
  • Managing investment with an objective to beat inflation.
  • Helping you to avoid filing heavy taxes.

And, much more.

It is true that Financial Planners involve some money but the cost of Financial Planner is totally a worthy investment. A financial planner can keep you ahead of various random investors, who call themselves experts merely by reading some random books or by watching a couple of TV Shows.

But your Financial Planner is a SEBI Certified professional, who understand all the possible ups and downs of the Financial Market.

So, what cost you must pay to a Certified Financial Planner:

Before we explore into the price tags of various Financial Planners, be mindful about 2 points:

  • Don’t get into the trap of a FREE or cheap financial planning services.
  • Also, don’t be lured by the super expensive offer of any Financial Planner.

Let’s now see how financial planners charge their fees to you?

Basically there are 4 ways on how financial planners charge fees:

1. Commission Based

2. Asset based

3. Performance Based

4. Flat fee or fixed fee or fee only based

But, for your financial success it is better to have a Financial Planner with whom you can meet and discuss your Financial Goals. Financial Planner must be able to understand your concerns from time to time and should be able to give you the best advice suitable for your scenario.

Such financial planners are flat fee or fixed fee based planners. Their charge varies between Rs. 20,000 to Rs. 35,000 in a year and it will reduce to 50% from next year onwards.
And, they are the best fit for you.

Final Thoughts

Now, you have all the information you needed to know about certified financial planner. Based on this information you can surely make well informed decision. If you have any more questions, leave them in the comments below, we would be happy to answer them.

We at Holistic Investments are committed for your financial success. You can schedule your free consultation with us by clicking the link below.

(The author is Ramalingam.K an MBA (Finance) and Certified Financial Planner. He is the Director & Chief Financial Planner of Holistic Investment Planners ( a firm that offers Financial Planning and Wealth Management. He can be reached at

Author Bio

Ramalingam is the Founder and Director of Holistic Investment Planners Private Limited (WEBSITE - As the creator and architect of the 3-Dimensional Holistic Investment Approach, he has advised hundreds of clients including affluent business owners, corporate e View Full Profile

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June 2024