Choosing a financial professional is one of the most important decisions you’ll make in your lifetime. Expert advice guides us from where we are to where we want to be. A good advisor can help you build a strong financial pyramid, plan for your family’s future, maximize tax savings and ensure your portfolio is well-diversified for the best returns.
Based on research, analysis and many scientific tests, there is quantifiable evidence that clients greatly benefit from working with a professional advisor. People who work with financial experts have greater confidence in their financial futures.
Working with a financial professional is personal. It is an important relationship that begins with a meaningful conversation. They consider your goals, wants, needs, family, passions and vision for the life you want to live. A professional can help you create a rewarding roadmap for your financial future.
During strong markets and turbulent times, an advisor will help you understand the markets, time for short- and long-term goals and, perhaps most importantly, help keep your emotions in check. When a professional knows your entire personal and financial situation, they can help you stay on track and reach your goals.
So, how do you choose which financial professional to work with?
An important note on fees: Financial professionals are either fee-based, meaning they collect a pre-stated fee for services, or commission-based, meaning they earn a percentage of income earned form the management of the account.
Overall, the kind of advisor you need depends on your financial situation. Different financial professionals will have different specialities, from insurance to estate planning and much more.
Credentials: The initials in front of titles reflect the education and certifications that different types of advisors have. The different expertise is important to understand as credentials can inform you of education and experience and how they might align with your life goals.
Fit: Ensure that the advisors you are considering working with share the same morals and ethics that you do. Each advisor will have a different style and approach to investing. An advisor is going to know the intimate details of your life and financial situation; be sure they tell you details of their practice and philosophies.
Trustworthiness: Your financial situation affects every part of your life, and you need to have trust in the person handling your investments.
Working with a trusted professional will help build a successful financial future for you and your family. Get started, or get a second opinion, by talking to a member of our Wealth team.
Mutual funds, other securities and securities related financial planning services are offered through Qtrade Advisor, a division of Credential Qtrade Securities Inc. Mutual funds and related financial planning services are offered through Qtrade Asset Management (a tradename of Credential Asset Management Inc). Financial planning services are available only from advisors who hold financial planning accreditation from applicable regulatory authorities.