Whether you are looking to start investing for the first time, manage an existing portfolio or plan for retirement, finding the right Financial Advisor Ottawa can help you reach your financial goals. You can find many firms that specialize in providing these services. Some advisors offer a variety of payment schemes depending on your budget. You may also want to meet with several potential financial planners to ensure that they have the experience, expertise and credentials you require. Resource ex-ponent.com
Choosing a financial advisor or planner can be a daunting task. While anyone can call themselves a financial planner, the Financial Consumer Agency of Canada (FCAC) warns that some do not have adequate qualifications or expertise. Before hiring an advisor, you should make sure that they are registered with the FCAC. You can use the National Registration Search tool to check a person’s registration status.
Financial Advisor in Ottawa: Your Guide to Smart Investments
Maureen Yates is a busy realtor and recently hired an independent financial advisor in Ottawa. She says that her financial advisor helps her with budgeting, savings and tax planning. She also provides recommendations for long-term investments and insurance policies.
According to the FCAC, a financial planner can provide advice on how to save and invest money, purchase GICs, mutual funds, RRSPs or TFSA accounts. They can also review your tax situation to help you claim deductions and credits. Some can also advise on mortgages, life, disability and critical illness insurance. Lastly, they can help you build wealth through real estate investments and other business ventures.