How to choose a good financial adviser? John Labunski

 Do you know people who research on the web and in stores for several weeks before buying a new 4K television, but who sign a mortgage without researching or negotiating? Some may go into debt for a television. But in general, buying a television has little impact on personal finances compared to buying a house, because the latter will be the most important purchase of their life.

 It's a bit the same thing with your investments… The choice of a financial advisor has a major impact on your personal finances and on your path to financial independence. Your retirement is also at stake!

 Don't let your savings sleep under your mattress

 It's okay if you're not interested or don't have the skills to manage your investments and investments on your own. However, don't leave your savings in a traditional savings account or under your mattress. You will certainly not reach your financial goals and you will not be able to retire. Inflation will eat away at your savings.

 But, on the other hand, don't let just anyone take care of your savings. The advisor at your financial institution can be very friendly, but they are not necessarily the best person to take care of your investments.

 Seek help from a professional

 Managing investments can be very complicated. A financial advisor or financial planner can certainly help. There is no harm in seeking help from a financial professional. But, where to find a good financial adviser John labunski Dallas?

 There are several professionals: financial planner, investment advisor, financial security advisor, mutual fund representative, etc. In addition, there are several methods of remuneration: fees, commissions, management fees, entry or exit fees, etc.

 Should you choose a financial advisor at your financial institution or an independent advisor? How to ensure that the advisor has the required qualifications?

 Choosing a trusted and knowledgeable financial advisor is not an easy task, but it is essential to achieving your financial goals.

 It's never too late to take control of your personal finances. From this perspective, it is therefore never too late to seek a financial adviser.

 Here is some information that can help you in your efforts to find a financial advisor.

 Financial advisor or financial planner?

 Before going further in your steps, should you do business with a financial advisor or a financial planner? Of course it depends on your needs.

 Personally, I only use the expression “financial advisor” on my blog in order to simplify my articles.

 But, when I say "financial advisor", am I talking about financial security advisor, mutual fund representative or investment advisor? Unless I'm talking about a financial planner? There is a difference between all these professionals…

 The financial adviser

A  financial advisor  is someone who can help you manage your personal finances. For example, it may be an advisor at your financial institution. But, the term “financial advisor” does not represent a professional (ie it is not a “real” title). It is rather a "generic" title that is used for the following 3 professionals:

 ·         A mutual fund representative is a professional who represents the broker (eg financial institution) in collective savings. It promotes and distributes collective investment products, namely mutual funds (mutual funds). The mutual fund representative does not have a university education (he may have one, but it is not mandatory). Rather, he must take a few hours of training and pass an exam.

·         The financial security advisor or personal insurance representative is a professional who advises and distributes insurance products (life, health, disability) and savings products such as segregated funds. The financial security advisor does not have a university education (he may have one, but it is not mandatory). Rather, he must undergo training and pass an examination.

·         The investment adviser is a professional who carries out transactions on the purchase or sale of transferable securities such as stocks and bonds. He can also, like the mutual fund representative, distribute mutual funds (mutual funds). The investment advisor does not have a university education (he may have one, but it is not mandatory). Rather, he must undergo training and pass two exams.

 The financial planner

 The financial planner (PF) is a person who can help you make a personalized financial plan: assess your current financial situation, determine your financial needs and objectives, advise on financial products, He can also help you make a budget and plan your retirement. In short, he has knowledge in many areas.

 Unlike the other professionals mentioned above, the financial planner (PL) must have university-level training (Certificate in financial planning – 30 credits).

 He can thus advise you in the following areas: finance, taxation, investments, retirement, insurance, legal aspects and succession.

 Now that the role of these professionals has been explained, let me return to my term “financial advisor” for the purpose of simplifying the text.

 What to do before looking for a financial adviser?

 Before you start looking for a financial advisor, you need to determine what your needs are. Do you need help for a specific problem or for your whole situation? If you need specialist advice, you can find a counsel who has expertise in this area. Do you need advice on a regular or occasional basis? Are you looking for a financial advisor to manage all of your personal finances or just to manage your investments? Do you need insurance advice?

 Advisors cannot handle all of your personal finances (investments, debt, insurance, retirement, etc.).

 The answers to these questions will help you in your efforts to find the financial professional who meets your needs (financial security advisor, mutual fund representative, investment advisor, financial planner).

 Where to find a financial adviser?

 There are employees at all financial institutions who can help you open an account and purchase investment products.

 There are also employees in insurance companies who are licensed to sell investment products, such as mutual funds and segregated funds, in addition to insurance products.

 Finally, there are independent financial advisors and independent financial planning companies that are licensed to sell investment products.

 I'll let you guess which of them are forced to sell their company's financial products and which ones are free to offer you all the products available on the market...

 I suggest meeting with several financial advisors and choosing the one that can best meet your financial needs and goals with John Labunski. For all potential financial advisors,

 Advisors must be trained and registered with a provincial or territorial securities regulator. You can use the Canadian Securities Administrators' National Registration Information Search Engine to check if the adviser is registered.

 Make an appointment and ask questions

 Then, I suggest that you schedule a first meeting with each of the candidates. This initial meeting can be used not only to verify their experience and expertise, but also to see if there is a good connection between the two of you. You need to find the best possible financial advisor to help you achieve your financial goals. So it's important to have good chemistry in this long-term relationship...

 You can ask each of the advisors you meet questions about their experience and expertise. You can ask him about his education, experience, credentials, how long he has been in business, what products and services he offers, how he will help you achieve your goals, is he paid by salary, commission or other fees, etc. Don't hesitate to ask for references.

 Eventually, you can compare the answers of the advisors you have met and make a decision. It's not a race. Take the time you need to choose your financial advisor DENA LABUNSKI vs. JOHN LABUNSKI!