A professional financial advisor, or financial planner, is an expert in building a plan to support your short-term and long-term goals. Often, their role includes budgeting and tax planning, retirement preparation, and wealth management. They provide advice on investment products and strategies, ensuring that you are making wise choices in line with your financial health and relationship with risk.
Whether you are considering investing in a diversified portfolio or seeking guidance on how to prepare for a major life change, a financial advisor can help you create and implement a strategy that supports your financial success. Find a qualified advisor in your area through our new online database.
Choosing the Right Financial Advisor in Montreal: Key Considerations
In Quebec, Financial Advisor Montreal must meet certain requirements in order to use the designation “financial planner”. They must be accredited by the Institut quebecois de planification financiere and hold practice licenses from a professional order (Ordre des comptables professionnels agréés du Québec or Ordre des administrateurs agréés du Québec).
When choosing a financial advisor, it is important to understand their compensation model. Advisors may be paid by commission or salary, and the way in which they are compensated can affect their ability to offer objective and independent advice. It is also important to understand their educational background and credentials, as this can indicate if they have the right expertise to help you achieve your financial goals. For example, some planners are certified as Certified Financial Planners (CFP), while others have specific expertise in areas such as estate planning or alternative investments.