Do you have the right conductor for your retirement?

Advisor checklist

A new conversation will be taking place in the weeks and months ahead between clients and their Advisors. The catalyst will be the new reports that firms will be sending clients as part of the new regulations that came into effect at the beginning of 2017 called CRM2.


This report will detail client account returns for the past year as well as how much it cost to have their investments managed. The regulators purpose was to provide consumers with a clear idea of how much it costs and the returns they earned. This begs the question, "What value are clients getting for the price they pay?"

As in any profession, the level of advice provided to clients by financial advisors can vary. So how does one  know whether they are getting their money’s worth?

Borrowing from an article published in the Globe and Mail by Rob Carrick, here is a scorecard to rate how much value your advisor is providing. Take the test, and then have the discussion with your Advisor. If you are not happy with the answers you get, give us a call. We’ll help you make sense of your current financial situation and show you how to get where you want to go.


10 Key Questions to ask when choosing an Investment advisor:

  1. What experience do you have?
  2. What are your qualifications?
  3. What services do you offer?
  4. What is your approach to wealth planning?
  5. What types of clients do you typically work with?
  6. Will you be the only person I work with?
  7. How do I pay for your wealth planning services
  8. How much do you typically charge?
  9. Do others stand to gain from the financial advice you give me?
  10.   Have you ever been publicly disciplined for any unlawful or unethical actions in your professional career?