Why is a Local Mutual Fund Advisor Better than an Online Robo-Advisor?

Are you new to the world of mutual funds and seeking guidance?

Have you been confused about choosing a local mutual fund advisor in Kolkata or opting for online guidance?

If yes, you are not alone. Several people stepping into the world of investments are in a dilemma about hiring a local expert or relying on robo advisors. There are multiple ways of seeking financial advice services. The surge in digital solutions and easy access to the internet has led to people looking for suggestions online. But do the online robo advisors really extend the help a local expert with relevant qualifications and experience can offer?

As you know, robo-advisors are mostly powered by artificial intelligence and provide automation and advice at a low rate, which might be convenient for some. However, a local mutual fund expert who has been in the domain for years and has considerable market knowledge can help you with personalised strategies based on your financial goals and timeline. But can the robo-advisors replace it?

Let us explore the details about how local mutual fund professionals might be the best option than the robo-advisors online here in this blog.

Mutual Fund Advisors vs Robo Advisors

Investment is crucial to attaining financial independence and achieving major financial objectives. It is associated with people’s hard-earned money, dreams, and, of course, trust. But in the present era, where AI drives everything, investment strategies are also being guided by advanced technology. In Kolkata and other major cities, the number of investors has been rising at a rapid pace, thereby investing a significant part of modern lives. Technology always has several advantages, but choosing a mutual fund advisor in Kolkata and opting for guidance from a local expert can ensure significant results.

Here are the top reasons why opting for a local mutual fund expert is a better option for mutual fund investments.

Personalised Financial Planning and Guidance

When you seek guidance from a robo-advisor, you will get a set of questions based on which it will suggest mutual funds to you. It works on algorithms instead of the knowledge that an advisor possesses. As a result, it can hardly understand your unique financial objectives and lifestyle. A local expert will build a connection and try to know the details before crafting tailored investment strategies for you. Whether you are looking for a short-term or long-term goal, the advisor can offer their expertise to help you achieve them.

Expertise and Knowledge of Local Market Trends and Opportunities

One of the best things about a local mutual fund advisor in Kolkata is that they have considerable knowledge of the local market and the region’s investment opportunities. On the contrary, the robo-advisors use algorithms and historical data to provide you with suggestions. Hence, the local experts can offer you more personalised and timely advice to create a strong portfolio while helping you navigate market conditions. The robo-advisors, no matter what, cannot provide you with the personalised approach that these real-time advisors with experience can offer.

Assistance During Market Fluctuations

A significant factor distinguishing robo-advisors from local professionals for efficient mutual fund investment is immediate assistance during market fluctuations. In times of market crash or when your portfolio dips low, does a robo-advisor offer reassurance? A professional, on the other hand, is a human who can understand your feelings and motivate you in tough times while sharing expertise and guiding you through it. These advisors will help you stay calm and make informed decisions instead of selling the funds out of panic, thereby helping your portfolio rise again.

Flexible and Adaptive Investment Strategies

It is a fact that life can change at any given point in time and is unpredictable. As a result, financial needs also tend to evolve with time and changes. A local advisor will help you craft investment strategies that fit your evolving needs. From balancing your portfolio to changing your investment types, the advisor helps you to stay on track by keeping your financial goals in mind. A robo-advisor can hardly be flexible at this level to extend the assistance that you might require during specific times of need.

Final Thoughts

In the battle between robo-advisors and local mutual fund advisors in Kolkata, the latter will surely steal the trophy. The former can no way replace the level of expertise and experience that the professional local advisors possess in addition to the emotional intelligence and local market knowledge. If you want to succeed in the long run and align your financial goals, choose a human advisor instead of a robot powered by technology.