Breaking Down Investment Advisor
Investment advisors work as professionals within the financial industry by providing guidance to clients in exchange for specific fees. Often, investment advisors have a level of discretionary authority, allowing them to act on behalf of their clients without having to obtain formal permission prior to executing an action. However, a discretionary authority must be formally provided by the client, and it is generally arranged as part of the client on boarding process.
How to invest
A good investment advisor or a mutual fund distributor is able to connect the investor's need with the features of the various schemes & recommend a portfolio accordingly.