Finding the Right Financial Advisor

Many Canadians need and want help with their finances. According to a 2011 survey by Ipsos Reid for ABC Life Literacy Canada:

  • Only 20 percent of Canadians have confidence in their math and money skills as they relate to helping plan for a secure financial future.
  • Canadians save an average of only $211 per month for long-term savings. Many Canadians save even less.
  • Almost 8 out of 10 Canadians lack confidence in their ability to teach others about money, saving and budgeting.

Advocis members help their clients monitor and update their financial plan, to truly understand their finances and stay on course to meeting their long-term financial goals.

Seven questions to consider when choosing the right financial advisor:

The process of finding the right financial advisor requires both an advisor who is transparent about his or her business practices and an individual who is willing to put the requisite time and effort into the search. Advocis President & CEO Greg Pollock firmly believes that people should interview prospective financial advisors in depth before making any decisions. Each of the questions below, answered by Greg in a short video clip, should give you all the background information you need when it comes to interviewing advisors.

What should I look for in an advisor?

How are financial advisors paid?

Should I interview for an advisor?

What should I ask?

How will I know if the advisor is right for me?

Are there any warning signs I should watch out for?

Click on the image below to watch the entire interview.

To download a PDF of the Finding the Right Advisor Interview Guide, click here.

Advocis members:

  • are committed to a Code of Professional Conduct
  • are required to complete 30 hours of professional development each year’ and
  • uphold a high best practices standard

Advocis offers advanced and specialized financial advice designations.