Getting financial advice is important, especially during uncertain times. But finding the right advisor can be difficult. The good news is that there are many ways to find one. You can start by asking friends and family members for recommendations. Then, check their credentials. You can also look at the FCAC’s list of financial advisers to see which ones are registered with the national and provincial securities commissions. Source ex-ponent.com

It’s also worth considering how they are paid. Some advisors are on salary, while others earn a percentage of their clients’ investments, or a combination of salary and commissions. Those who earn commissions may have an incentive to promote investments that pay them more than others, which can lead to conflict of interest.

Securing Your Financial Future: Tips from an Advisor in Edmonton

Finally, you should also consider whether they have been disciplined or have had restrictions placed on their licenses. This is a red flag, says Heath. You can also check their licensing with the Canadian investment and insurance industry regulators.

Quebec’s unique culture and laws require a specialized skillset. That’s why Wealth Professional’s 5-Star Advisors report highlights advisors who offer guidance and support to clients in La Belle Province. Gene Kim, a portfolio manager with Summit Private Wealth at Mandeville Private Client, is trilingual and makes a point of cultivating long-term connections with his clients. He believes that communication and trustworthiness are more important to client success than product knowledge or performance. That approach has helped him achieve a practice that’s been recognized as an IIAC Top 40 Under 40 nominee and a WPC 5-Star Top Advisor for three years running.

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