transparency. It might be even better if the person is not attached to any one company like an insurance agent. This, however, may not be evident so better check this before signing up.
Life Insurance Agent: We need to shop really hard here as we could be misled so easily. This happens almost like routine. They know a lot about insurance, many of them will be experts and while that is an advantage, it is also an inherent disadvantage as insurance is all that they know. You could land up paying a huge amount of premium and have little benefit from the policy itself. A simpler way is that you could have a financial planner who is unbiased and you could then use your chosen life insurance agent to do your product purchases. This is tricky as most financial planner would be agents as well, so check before you take the plunge. An unbiased planner is hard to find.
Non-Life Insurance Agent: Here we need someone who we can trust, who will be there when we need him desperately in times of making a claim, or to remind us of renewals. The person needs to be really efficient. If your agent does not fulfill the above criteria, it is time you think of a change.
Mutual fund agent: There are three categories of people you will find here. One, who knows nothing and are simply product distributors. Buy at your own risk as there is no accountability for his advice. Second, they may be as large as a firm but I suggest that you simply avoid this category. The next is a person, who knows a bit about funds, investments, investment objectives. You could deal with this person by doing a bit of research. The third category is that person who understands risk management, asset allocation, portfolio volatility, who can create a strategy for you with a fusion of your financial goals, time horizon and asset allocation. He is you best bet.
Portfolio Manager or Fund Manager: In this area, most people will sound knowledgeable and that is because they all have the fundamental