Comments on: How To Find A Good Advisor?- Ask These Questions http://financialhighway.com/how-to-find-a-good-advisor/ Personal finance blog discussing investments, savings, insurance and financial planning ideas to grow wealth Wed, 08 Feb 2012 02:23:14 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: 3 Tips for Choosing the Right Financial Planner http://financialhighway.com/how-to-find-a-good-advisor/#comment-16698 3 Tips for Choosing the Right Financial Planner Thu, 20 Oct 2011 17:39:49 +0000 http://financialhighway.com/?p=1377#comment-16698 [...] This week, the Financial Planning Standards Council (FPSC) and the Institu québécois de planification financière will host Canada’s third annual Financial Planning Week. In honour of Financial Planning Week, we spoke to Tamara Smith, Vice President of Marketing and Consumer Affairs at the FPSC, about choosing the right financial planner. [...] [...] This week, the Financial Planning Standards Council (FPSC) and the Institu québécois de planification financière will host Canada’s third annual Financial Planning Week. In honour of Financial Planning Week, we spoke to Tamara Smith, Vice President of Marketing and Consumer Affairs at the FPSC, about choosing the right financial planner. [...]

]]> By: Weekly Review-Welcome Globe and Mail Readers Edition | Financial Highway http://financialhighway.com/how-to-find-a-good-advisor/#comment-703 Weekly Review-Welcome Globe and Mail Readers Edition | Financial Highway Fri, 10 Jul 2009 08:03:40 +0000 http://financialhighway.com/?p=1377#comment-703 [...] Conflict of Interest; An Insider View TFSA FAQ Understanding the Duties of a Financial Adviser How to Find a Good Financial Adviser? Ask These Questions If you are getting married or someone you know is check out these two: Wedding Saving Tips [...] [...] Conflict of Interest; An Insider View TFSA FAQ Understanding the Duties of a Financial Adviser How to Find a Good Financial Adviser? Ask These Questions If you are getting married or someone you know is check out these two: Wedding Saving Tips [...]

]]> By: Interview: Ray from Financial Highway | OneMint http://financialhighway.com/how-to-find-a-good-advisor/#comment-635 Interview: Ray from Financial Highway | OneMint Tue, 30 Jun 2009 08:01:54 +0000 http://financialhighway.com/?p=1377#comment-635 [...] I think Financial Advisers can be of great value but finding a good adviser is not always easy. To make it a little easier I have a list of questions to ask a financial adviser before hiring. [...] [...] I think Financial Advisers can be of great value but finding a good adviser is not always easy. To make it a little easier I have a list of questions to ask a financial adviser before hiring. [...]

]]> By: financial advisor http://financialhighway.com/how-to-find-a-good-advisor/#comment-407 financial advisor Wed, 27 May 2009 19:53:42 +0000 http://financialhighway.com/?p=1377#comment-407 It's also important to make sure the advisor has experience working with others in your same financial situation. Many advisors focus on an area like retirees, estate planning, business owners, insurance, etc. so look for other clients similar to you. It’s also important to make sure the advisor has experience working with others in your same financial situation. Many advisors focus on an area like retirees, estate planning, business owners, insurance, etc. so look for other clients similar to you.

]]> By: BIGINTOBONDAGE http://financialhighway.com/how-to-find-a-good-advisor/#comment-381 BIGINTOBONDAGE Fri, 22 May 2009 15:03:21 +0000 http://financialhighway.com/?p=1377#comment-381 yay, for it is factual that there is more to life than fixed-income. But woe is unto he who doth scorn the bond market. For turning an eye to the false idols of the stock market and their pagan investment advisors is a sin unto your capital. Woe is he who is led astray from the way and the truth, deceiving himself and his money into diversifying through professional management, when it is the bond market alone that will always provide prosperity so long as thou art faithful and obedient in your credit ratings and maturities. Understanding the bond market (and how to give clients a 5-8% yield after fees) is the only essential question we need to ask of our advisors. Why? Because as we age our exposure to fixed-income typically rises (especially when we are old and wish to permanently retire). You, as retail investor, are likely to remain with the same advisor or with the same financial institution your whole life. If you begin your 'investing career' with an advisor who already understands buying and selling corporate bonds for their clients, you can be guaranteed a solid return from the beginning till your last breath with your money. You will also be confident about your returns if you ever need to be overly conservative (if someone gets ill and you need regular money...). Picking mutual funds is a crap shoot. being a successful fund manager is a crap shoot. making a lot of money in the stock market is a crap shoot. If investors know that they can do better than government bonds by an average of 3%, it doesn't matter nearly as much if your advisor recommends your high-risk investments be in mutual funds, common shares, preferred shares, real estate or jell-o wrestling competitions (highly volatile but lucrative). yay, for it is factual that there is more to life than fixed-income. But woe is unto he who doth scorn the bond market. For turning an eye to the false idols of the stock market and their pagan investment advisors is a sin unto your capital. Woe is he who is led astray from the way and the truth, deceiving himself and his money into diversifying through professional management, when it is the bond market alone that will always provide prosperity so long as thou art faithful and obedient in your credit ratings and maturities.

Understanding the bond market (and how to give clients a 5-8% yield after fees) is the only essential question we need to ask of our advisors. Why? Because as we age our exposure to fixed-income typically rises (especially when we are old and wish to permanently retire). You, as retail investor, are likely to remain with the same advisor or with the same financial institution your whole life. If you begin your ‘investing career’ with an advisor who already understands buying and selling corporate bonds for their clients, you can be guaranteed a solid return from the beginning till your last breath with your money. You will also be confident about your returns if you ever need to be overly conservative (if someone gets ill and you need regular money…). Picking mutual funds is a crap shoot. being a successful fund manager is a crap shoot. making a lot of money in the stock market is a crap shoot. If investors know that they can do better than government bonds by an average of 3%, it doesn’t matter nearly as much if your advisor recommends your high-risk investments be in mutual funds, common shares, preferred shares, real estate or jell-o wrestling competitions (highly volatile but lucrative).

]]> By: Ray http://financialhighway.com/how-to-find-a-good-advisor/#comment-377 Ray Fri, 22 May 2009 05:09:36 +0000 http://financialhighway.com/?p=1377#comment-377 @ BIGINTOBONDAGE I think there is a lot more than just knowing if the advisor understands the bond trading desk and the ability of an advisor to create a 10 year bond ladder does not really provide much valuable information. There is more to investment than just bonds and fixed income. @ BIGINTOBONDAGE I think there is a lot more than just knowing if the advisor understands the bond trading desk and the ability of an advisor to create a 10 year bond ladder does not really provide much valuable information. There is more to investment than just bonds and fixed income.

]]> By: BIGINTOBONDAGE http://financialhighway.com/how-to-find-a-good-advisor/#comment-376 BIGINTOBONDAGE Thu, 21 May 2009 19:57:25 +0000 http://financialhighway.com/?p=1377#comment-376 the only question a prospective investor needs to ask a potential advisor is if the advisor understands the bond trading desk of their respective financial institution and how to productively work with the bond traders. If someone wants to know if an advisor has the right skills to protect their capital and beat inflation, they need to know if that advisor understands how to create a 10-year max. laddered portfolio of investment-grade (BBB and above) corporate bonds. the only problem- rich people are typically the only ones who get to work with the senior advisors, who have a large book of clients and don't rely on big commissions from the various expenses associated with the traditional fund salesman/advisor. the only question a prospective investor needs to ask a potential advisor is if the advisor understands the bond trading desk of their respective financial institution and how to productively work with the bond traders.

If someone wants to know if an advisor has the right skills to protect their capital and beat inflation, they need to know if that advisor understands how to create a 10-year max. laddered portfolio of investment-grade (BBB and above) corporate bonds.

the only problem- rich people are typically the only ones who get to work with the senior advisors, who have a large book of clients and don’t rely on big commissions from the various expenses associated with the traditional fund salesman/advisor.

]]> By: ObliviousInvestor http://financialhighway.com/how-to-find-a-good-advisor/#comment-375 ObliviousInvestor Thu, 21 May 2009 17:46:20 +0000 http://financialhighway.com/?p=1377#comment-375 Ah, cool. As an ex-financial advisor myself, I know just what you mean when you say "we actually would receive training on how to deal wit those questions." Hehe. Taking a look at your other post now...Randomly enough, I wrote about a very similar topic today. Noteworthy that it's one that people who've been in the industry tend to regard as important. Ah, cool. As an ex-financial advisor myself, I know just what you mean when you say “we actually would receive training on how to deal wit those questions.” Hehe.

Taking a look at your other post now…Randomly enough, I wrote about a very similar topic today. Noteworthy that it’s one that people who’ve been in the industry tend to regard as important.

]]> By: Ray http://financialhighway.com/how-to-find-a-good-advisor/#comment-374 Ray Thu, 21 May 2009 17:41:56 +0000 http://financialhighway.com/?p=1377#comment-374 @ ObliviousInvestor........I mean both since there are no hefty commissions with index funds and no trailer fees for stocks and bonds they well always have some justification on how MF is better......we actually would receive training on how to deal wit those questions i talked a little about it in another post http://financialhighway.com/investment-advisor-conflict-of-interest-an-insider-view/ @ ObliviousInvestor……..I mean both since there are no hefty commissions with index funds and no trailer fees for stocks and bonds they well always have some justification on how MF is better……we actually would receive training on how to deal wit those questions i talked a little about it in another post http://financialhighway.com/investment-advisor-conflict-of-interest-an-insider-view/

]]> By: ObliviousInvestor http://financialhighway.com/how-to-find-a-good-advisor/#comment-373 ObliviousInvestor Thu, 21 May 2009 17:17:37 +0000 http://financialhighway.com/?p=1377#comment-373 Really like this collection of tips. :) Quick question: When you say to ask the advisor's thoughts on mutual funds, are you referring to mutual funds as opposed to index funds, or mutual funds as opposed to individual stocks/bonds? Really like this collection of tips. :)

Quick question: When you say to ask the advisor’s thoughts on mutual funds, are you referring to mutual funds as opposed to index funds, or mutual funds as opposed to individual stocks/bonds?

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