A financial advisor is a professional who helps you figure out what’s possible to achieve with your money and build a plan to help you get there. Whether your goals are buying a home, sending your children to private school or university, taking care of your parents in old age, or retiring comfortably, a financial planner is the person you turn to for guidance. Find out ex-ponent.com

In addition to investment advice – such as what kinds of stocks, bonds and funds to hold based on your goals and risk tolerance – you can also count on financial planning services for things like debt management, budgeting assistance and retirement planning. You may also seek their help with estate planning, tax strategies (including maximizing charitable deductions and scheduling tax-loss harvesting security sales) and insurance options that complement your current coverage.

Wealth Management Strategies: Finding Your Advisor in Toronto

When you first meet with a potential financial advisor, you’ll complete an extensive questionnaire to provide a picture of your current situation. This includes listing all your assets and liabilities, projecting future pensions and income sources, and outlining your long-term financial goals.

Your customer service skills come into play when interacting with clients, as you use your knowledge of financial products and markets to guide them toward suitable financial options. You’ll also use your data analysis and problem-solving skills to create effective strategies that meet your client’s needs. However, it’s important to note that not all financial advisors are fiduciaries; they typically hold a suitability standard and aren’t legally bound to prioritize their clients’ best interests.