Good advice is important and so is choosing the right financial advisor Toronto. Most people turn to a financial advisor for help reaching their financial goals.
An advisor can help you:
set your goals
build a plan
choose suitable investments
track your progress
review your plan, when needed
Your advisor can answer your questions about investment products and strategies. An advisor can also act as a sounding board for your ideas and keep you motivated to stay with your plan. The right advisor for you will depend on what products and services you need, and how much you’re willing to pay for advice.
Advisors can work at places like banks, financial planning firms, brokerage firms and investment management firms. Not all advisors offer the same products and services or have the same expertise. Some specialize in certain kinds of investments. Others can offer you a wide range of investments and services.
Advisors can be paid by salary, commission, a flat fee, or a combination of these methods. If an advisor is paid by salary, the cost of their advice is built into the products you buy. Many advisors are paid a commission for every product they sell. Other advisors charge a flat fee based on an hourly rate or a percentage of the assets in your account.