Most people don’t have the skills required to handle complex investment decisions, but that’s why the universe invented financial planners!

Here are 7 tips to choose a qualified financial planner:
  1. Decide on some general financial goals and your specific needs (ie. insurance, estate planning, investments, etc.).
  2. Do some research before you meet them so that you are familiar with financial planning strategies and terminology.
  3. Choose someone with a professional designation, such as a Certified Financial Planner (CFP), Chartered Investment Manager (CIM), Fellow of the Canadian Securities Institute (FCSI) or Registered Financial Planner (RFP).  This will ensure they are professionals, they abide by a code of ethics, and they meet the Canadian financial planning industry standards.
  4. Make sure you interview more than one financial planner to see if they have experience with clients such as yourself, and look for someone that you are comfortable working with.
  5. Do your homework by calling their professional association to check on their record and ask for references.
  6. Find out how they are paid and any affiliations or conflicts of interest they might have.
  7. Request a written contract documenting their scope of services and compensation.

To ensure your long-term financial security, it is very important to develop a solid financial plan, retirement strategy and investment portfolio.  The steps you take to make these plans with a qualified financial planner now, will give you peace of mind for years to come.