Financial Advisors

Financial Advisors

Last Updated: June, 2020

Looking for a Financial Advisor?

For many people, wealth management can seem complicated.

There are investment and stock advisors, financial planners, and certified financial planners. Which is right for you?

If you were thinking about seeing a financial consultant, who should you see? A lot depends on your financial objectives.

Financial Advisors

Investment and stock advisors suggest what investments you should buy. 

What’s the difference between a Financial Planner and a Certified Financial Planner? 

A Certified Financial Planner (CFP) is certified by the Financial Planner Board of Standards, Inc.

A Certified Financial Planner takes a holistic approach to personal finance. They can show you ways to reduce your taxes, plan your estate, and manage your cash flow.

What are some of the reasons you may want the help of a financial advisor?

Money is an emotional subject. A good advisor helps you make sound financial decisions about your finances. Professional advice is essential, especially when the stock market is volatile.

If you lack confidence, time, or inclination to manage your investment, you may want to get the help of a financial advisor.

Not all advisors are the same. They are compensated differently.
A good advisor keeps up to date with changes that may affect you. Among the changes are new tax laws, RRSP, and TFSA limits.

They should take the time to get to know you to help you achieve your financial goals. An advisor can help you with unexpected events in your life, like divorce or the death of your spouse.

A common misconception is that you need a lot of money to see a financial advisor. You don’t need to be wealthy to see a financial advisor. When seeking a financial consultant, make sure to interview several candidates.

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