7 Questions to ask your financial advisor Feb 19th

How to go about securing the best return for your investment in Canada.
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The best RRSP investments 2021 + MORE Feb 24th

A registered retirement savings plan (RRSP) is an investment that is registered with the Canadian federal government. RRSPs are often described as being “tax-advantaged.” That means you don’t pay income tax on the amount you are contributing to an RRSP, in the year you earn that contribution. .... More »

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Most financial advisors are good people. But too many are squeezed between a desire to serve clients and the requirement to reach revenue targets and sell their firm’s products. Therefore, when you’re evaluating a current or prospective advisor, a healthy dose of “caveat emptor” (buyer beware) is called for. You need to determine whether that advisor is a good match for your needs, which may include investment selection, financial planning and optimizing TFSAs/RRSPs, and whether they are likely to put your interests first.
The size of your portfolio has a significant impact on the choice you will have when selecting an advisor. There are no hard-and-fast rules, and there are some exceptions, but as a rough guide, investors with portfolios under $1 million or so generally must choose among advisors who sell mutual funds with annual costs typically ranging from 1.50% to 2.50%. Investors with $1,000,000 or more to invest should be able to find advisors charging annual fees of 1.00% to 1…

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