What are stock advisory services?

In simple terms, stock advisory services are advice regarding investments in the stock market. You opt for the services of a stock or investment advisory firm to seek financial advice that can help you achieve your financial goals. Your Financial advisor should help you grow your wealth. At the same time, their services should also help you preserve your capital. It would not be helpful if your advisor only helped you grow your wealth but failed to protect your capital during bad times. So, your financial advisor helps you manage your wealth effectively. Hence, you must entrust this responsibility to a credible advisor, as you do not want to lose your hard-earned money.

Now, you could seek advisory services by approaching a stock advisory firm and, in some cases, even individuals. However, in either case, ensure that the firm or individual offering advisory services is SEBI (Securities and Exchange Board of India) authorized. If they have SEBI's license to provide advisory services, it means they fulfill a certain qualification and have expertise in the field. You can even approach a SEBI licensed broker like IIFL Securities for advisory services. That is because full-service brokers generally also provide advisory services.