You have to trust that your mechanic will be honest with you when he performs your car’s routine maintenance. You have faith that your plumber knows how to fix your home’s pipes. But when it comes to your money, you tend to be a little less trusting, and a lot pickier—and why not? It is your money, after all.
Investing is no small matter. The stock market can be a confusing place to someone who is not an experienced professional. Many people chose to invest with the help of a financial advisor Canada. A wealth manager can definitely help you receive the greatest results by helping you make the right investment decisions for your financial circumstances. However, you should never simply hand your funds over to your financial advisor, no questions asked. Before you trust anybody with your funds, you need to know a bit about them. Here are the top three questions that you should ask your financial advisor Canada:
- How much experience do you have? —You are going to be more likely to see your money bring in a good return if you hire a professional with a lot of experience. You want someone who has been around the block a few times to manage your funds. Your financial manger should have enough years under his or her belt to know what to do and how to act in both a good, healthy market, and a down one. Enquire about your potential financial advisor’s educational qualifications, as well. While it is of course important to hire someone with the right certifications for the job, you also want to ensure that your financial advisor has a mind for investing successfully.
- How many clients do you cater to? –You are probably not going to be the only person whose portfolio your financial advisor will service. You will want to hire a professional who is managing some funds, but not too many. If you opt to hire a financial advisor with too many clients, you will probably end up feeling neglected because he or she may not have the time to answer all of your…