Many Canadians are looking to a financial advisor montreal for guidance on their finances. However, experts say it’s not always easy to find one and figure out what they do, or even what questions to ask them. Read more ex-ponent.com

While anyone can call themselves a financial advisor or planner, it’s important to know what their credentials are. A financial planner can help you make a savings plan, invest in GICs or mutual funds, contribute to an RRSP or TFSA and help with other areas like debt management and retirement planning. Financial advisors can also provide investment advice and offer services like tax preparation and estate planning.

Toronto’s Leading Financial Advisors: Secure Your Future

A good financial advisor will have a fiduciary status and be committed to acting in your best interests. They will also be transparent about their fees and compensation structure.

Some financial advisors charge hourly or consultation rates and some get paid by commission on the money they manage for you. These financial advisors may be more likely to sell you products that aren’t right for you in order to hit their sales quotas, says Heath.

On the other hand, a fee-only financial advisor is compensated entirely from client fees and doesn’t receive any commissions or revenue from 3rd parties that sell financial products. They have no conflicts of interest and can give you objective advice. For this reason, this Montreal and Ottawa wealth advisory firm gets 5-stars from Global News for their large offering of financial services, client-centric approach and accessible team members.