Signs of Bad Financial Advisor

Now that market has corrected, it is the time to look at the hard things and so called financial advisors who give tips on hot scrips and fund in bull run shy away from investors.We take a look at the mutual fund investors in this article.
Signs of bad financial advisors:
Seeking fianancial advise is correct, because investors are not experts in that field. However unlike in US , Investors get free advise from advisors and advisors get commission from the funds. Due to this fianancial advisors misell the products to the investors. Following are some of the signs of bad financial advisor:
1. Advises clients to invest in every NFO that comes in the market.
2. Advises to churn the portfolio frequently
3. Does not take into the consideration the long term fiancial goals of the investors
4. Advises clients to invest only in equity funds
5. Does not encourage the investor to invest in already existing funds
6. Advisor has no balanced fund in his advise.
7. Advises ULIPS as investment instead of term plans
8. Does not advise the client about commodities ( Commodities should be at least 5-10% of your portfolio)
9. Claims that fund will give extraordinary returns like 120-200% in a year
10. Looks to milk the investor and aims to reach his goals than yours.
So whenever your financial advisors shows any one of the signs, then it is time to give pink slip to him.

Investors have to be vary of such financial advisors who advise to invest in every New Fund Offer of mutual funds.