Finding the Right Canadian Financial Planners

Financial planners can help you develop a financial plan that takes into account your short and long-term goals, helping you devise a strategy to achieve them. They also offer advice on areas such as risk management, investing, retirement and estate planning. While they do come at a cost, research shows that working with a financial planner is linked to improved financial resilience. Go here:

The good news is that there are plenty of options available to Canadians looking for financial planners. The trick is finding the right one to meet your needs. For starters, you want to look for a Certified Financial Planner. This designation is the most widely recognized in Canada, and requires that the planner adhere to a set of ethics that include putting their client’s interests first.

Crafting Personalized Strategies for Financial Success

You should also make sure your planner is regulated by the appropriate body, such as your province/territory’s Securities Commission or by IIROC (Canada’s national self-regulatory organization for the investment industry). You should also find out how they are paid. Some will charge a flat fee for their services, while others may earn a salary and bonus, as well as commissions or percentage-based fees from the assets they manage for you.

When evaluating options, you should always compare the costs of different professionals. While some rely on commissions, you can minimize these costs by working with a fee-only professional. You can find these planners by searching for CFPs or QAFPs on FP Canada’s database.