My parents are visiting a financial advisor next week and asked me to come along. I've never been to one. What should I ask and what should I watch out for?
Dad has around ₹30L in various FDs and some old LIC policies. Mum has some gold and a small RD. They've never had a proper financial plan just accumulated things over the years.
A family friend recommended an advisor, and they want me there since I'm "good with money", apparently.
I have no idea what a good advisor session looks like versus one where we're about to get sold something we don't need.
What questions should I ask? What are the red flags I should watch for in the room?
u/Unfair_Meeting_931 — 3 days ago