Finding a financial planner
Author: Aimee
It can be a good idea to work with a financial planner to figure out the best way to reach your goals and to make sure that your finances are in order.
You should keep in mind however that these people are paid by commission, this means that the more money you invest, the more money they make. For this reason it might be a good idea to use a tax advisor, or a financial advisor who charges by the hour instead of on a percentage of what you invest. That way their advice is less likely to be biased.
Sites that will help you to find a reliable financial planner
Financial planners standards council www.csa-acvm.ca
Canadian Association of Financial Planner www.cafp.org
This advice has been added to the article by Dave at blograters.com
Are you Foxy? Subscribe to our Newsfeed!When you interview a financial planner or any service provider always ask for some references and then call them and ask them questions like “have you been satisfied, how long have you been with X advisor, has he ever given you some bad info, etc.”
If your adviser works hard for you and you can trust him then you want him as a partner. Same goes for a Tax adviser, estate planner, attorney, etc. You don’t want a generalist to do a job that belongs to a specialist.
When you interview a financial planner or any service provider always ask for some references and then call them and ask them questions like “have you been satisfied, how long have you been with X advisor, has he ever given you some bad info, etc.”
If your adviser works hard for you and you can trust him then you want him as a partner. Same goes for a Tax adviser, estate planner, attorney, etc. You don’t want a generalist to do a job that belongs to a specialist.
Comment by Dave — May 20, 2007 @ 2:05 pm
Great advice, thanks for your input Dave!
Comment by Aimee — May 21, 2007 @ 3:19 pm