What is a Mutual Fund



How to Choose a Financial Adviser

A good financial adviser can help you achieve long-term financial success. Choosing the right person to work with is a crucial first step, but you may not know where to start. Before you choose an adviser, ask yourself a few questions:

What are your objectives?

How much risk can you afford to take on? Are you concentrating on building your wealth or maintaining the wealth that you have? Some firms only specialize in a particular type of client, and you want to look for an adviser whose specialty complements your goals.

What services do you need?

Consider your investment knowledge, the types of products that interest you and the amount of time you want to spend managing your investments before selecting the type of financial services you need.

After identifying your needs, the next step is to compile a list of potential advisers. A recommendation from someone you trust is a place to start. Interview several advisers to make sure they meet your needs. Remember to check with your [INSERT AGENCY NAME HERE] commission to find out if the adviser is registered in your [INSERT PROVINCE].

Anyone trading in or advising clients on securities in [INSERT PROVINCE] must be registered with the [INSERT AGENCY NAME HERE], unless they have an exemption. To check registration, visit [INSERT AGENCY WEB SITE] or call the [AGENCY] toll-free at [INSERT PHONE NUMBER].

To help you learn more about choosing an adviser, the North American Securities Administrators Association (NASAA) has a checklist of questions you can ask your broker at their website . The Canadian Securities Administrators also publish a brochure called Working with a financial adviser. Order a free copy from the Ontario Securities Commission or read it online at checkbeforeyouinvest.ca.

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