Who Can Give Investment Advice?

They often tell me about investing and suggest investments for me.

What would you do if you were at Rekha’s place?

Visit them and ask for investment advice

Consult people who have taken investment advice from them and then visit

Visit their website, and verify if they have a licence for giving investment advice and then visit

Ask my friends and relatives and invest in their advice

Visit them and ask for investment advice.

This is the wrong answer because you should not ask for investment advice from strangers without verifying if they are licensed to give you advice.

Consult people who have taken investment advice from them and then visit

This is a wrong answer because you cannot rely on other peoples judgement for your own money.

Visit their website, and verify if they have a license for giving investment advice and then visit.

This is the correct answer because you can verify an investment advisers licensee number, and it will always be there on their website.

Ask my friends and relatives and invest in their advice.

This is the wrong answer because you should not invest in the advice of your friends, family or peers. You can either use your judgement or take professional help.