‘A Penny Saved is a Penny Earned’- Benjamin Franklin
Financial Investment helps you in increasing your savings and building a secure financial future for yourself and your family. If you are doing it for the first time, it takes time to understand the whole process of investment, and different investment vehicles and decide what is best for you. There are several types of investment vehicles available starting from market-based investments, insurance products, and accounts. It takes a lot of time and experience to understand how they work, the benefits they will reap, and estimate the risk involved.
You can take investment decisions by yourself if you are familiar with the concepts and have experience and if not then it is advisable that you take the help of a trusted, experienced, and professional Financial Advisor. Finding a Financial Advisor is a difficult task and your whole financial future depends upon that decision. You must get the right person whom you can trust and hand over your hard-earned money. It is ok if this process takes time because at the end of the day what matters is your financial security and peace of mind.
Who is a Financial Advisor?
‘Financial Planning is much more than earning returns, it is more about trusted guidance’
A Financial Advisor is a professionally trained professional, has a degree in finance and has been engaged in providing finance-related consulting or advisory services. A good Financial Advisor helps an organization or an individual by building strong investment and wealth management strategies to reach their financial goals by decreasing expenses, and eliminating debts. They help increase wealth by taking the right financial decision at right time.
A Financial Advisor will use different financial practices like tax management, investment, asset protection, and many more depending upon your financial needs and financial goals. . If you are also looking for ways that help in managing your income and expenses efficiently, you must approach an experienced and trusted Financial Advisor.
Why You Need Financial Advisor:
Before looking for a Financial Advisor, you must understand why and when you need them the most. We think that we can handle our finances and make financial decisions but it is not as simple as it seems. Risking our own hard-earned money takes a lot of courage and confidence. It is better if you have the guidance of financial experts who understands the market trend and suggest you accordingly.
A Financial Advisor will give advice based on:
- Your current financial condition.
- You short-term and long-term financial goals.
- Investment products that are right for you.
- Periodic review of your investments.
Your choice of a Financial Advisor will depend upon the type of help you need. If you need help with a specific investment vehicle or want to save on taxes or any other need; you must search for an advisor who has expertise in that specific area. It is important to understand that a Financial Advisor is the one who gives you advice on where you should invest and what insurance products and accounts you should go for. They can only suggest, you have to take the final call. Your Financial Advisor is not the right person if you want any tax/ legal advice.
Tips on How to Find a Trusted Financial Advisor:
Several insurance companies in Brampton offer insurance products and financial services. There are different aspects that you must consider while deciding who is best for you.
- Do not get confused between a Financial Advisor and a Financial Planner: You must have clarity on what to expect from a Financial Advisor. A Financial Advisor helps you in managing your money. It could be an employee of a financial institution or an insurance company in Brampton. While Financial Planner prepares a financial plan for achieving your long-term financial goals.
- Financial Advisor must be registered with provincial or territorial authorities. As per Canadian law, anyone who is selling stocks or mutual funds or stocks must be registered with the respective security regulators of the province or territory. You must check their registration before moving ahead.
- Crosscheck if any type of regulatory action has been taken against the Financial Advisor or the insurance company in the past.
- Check the area of expertise of the Financial Advisor, whether they meet your needs or not. You must check the list of services a Financial Advisor is offering.
- Cost of offered services and payment method for the services. It is one of the important factors that you must consider. The cost of their services must meet your budget and you must be comfortable with the payment method. The payment method could be in the form of fees for services offered, in the form of commission, or as a salary.
- You must ask some set of questions when you meet a Financial Advisor to check their qualification, experience, area of expertise, and knowledge about the sector. This will help you build confidence in the person who is going to handle your money and you will be able to trust their decisions. They must make you feel comfortable and able to discuss your finances freely.
- Be cautious and informed to identify possible frauds. Frauds are possible when someone else is handling your money. Check if the company or Financial Advisor runs similar business or company.
You must meet and expose yourself to several Financial Advisors in Brampton and then make an informed decision. You must take advice from your family and friends who are already investing and are taking guidance from a Financial Advisor. The advisor you choose must have experience, skillset, and credibility.
Ez Financial is an experienced and trusted insurance company in Brampton. The company has years of experience and is renowned for its financial services. The team of potential Financial Advisors keeps up with the market trend. Our Financial Advisors discuss different investment choices and make sure our clients make informed decisions.
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