Choosing A Financial Adviser – Some Questions To Ask
For the do-it-yourselfers on the market, now might be a great time to examine how you’re doing, with comparison to the plan which you laid out in the start of the year.
For people who aren’t self trading with a broker like Questrade but are daunted by the head-scratching endeavor of choosing a financial advisor, here are the five questions to ask when they are choosing a financial adviser, agent or stock broker before you finally decide to hire them :
1) Are you currently registered as an investment adviser?
If yes, then the adviser owes you a fiduciary obligation, which is a fancy way of stating that they need to place your needs first. Investment professionals that aren’t fiduciaries have to commit to lesser regulations or standards, known as “suitability,” meaning that whatever they sell you must be proper …Continue Reading