How To Find The Perfect Financial Advisor

One of the most important financial decisions is who you pick to be your financial advisor. A good advisor can save you thousands in tax and maximize your income, while a bad advisor will do the opposite and charge you high fees. What are some things you should look for in an advisor? We'll go through that in this video.

Financial Resources I personally recommend:

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OUTLINE
0:00 - Choosing The Right Advisor
1:03 - Mutual Fund Advisor
3:06 - Certifications To Look For
5:03 - Fee Structures
8:13 - DIY Investors
9:24 - Financial Plan Pricing
12:00 - Changes In Industry

This presentation is intended for information purposes only and does not constitute an offer to buy or sell our products or services nor is it intended as investment and/or financial advice on any subject matter. Every effort has been made to ensure the accuracy of its contents. Certain of the statements made may contain forward-looking statements, which involve known and unknown risk, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Returns are not guaranteed and past performance may not be repeated.
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DISCLAIMER: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Adam Bornn is not registered to provide investment advice and as such does not provide recommendations - those looking for investment advice should seek out a registered professional. Adam is not responsible for investment actions taken by viewers and his content should not be used as a basis for investment trades.

[PellegriniFinancial]

Great video, Adam. We echo many of your points made in this video! We do both planning and investment management in house with a Portfolio Manager that holds a CFA - so different model, but the core is the same. Find someone you trust that holds designations and that brings holistic planning to the table!

DIY can do well in accumulation years which have less considerations, but as people approach retirement it is common to see them want more hands-on support.

[IREFUSE]

My wife and I are recently retired. We are comfortable with our investment advisor but we had Parallel Wealth build us a retirement plan and we are just so happy with it. The level of detail provided considering life events, income streams, individual tax consideration/income, etc., are perfect for our needs. I firmly believe fee for service like PW is the way to go to avoid conflict of interest and get an unbiased view of how your plan should look. Great video Adam!

[gregorridavichko]

Certainly, You have to get a financial-advisor to aid you diversify your portfolios to include commodities index funds and stocks of companies with solid cash flows as opposed to growth stocks when valuations were based on future potential earnings

[johnfrankes]

Great video Adam. I was one that moved from commisioned sales people to DIY, and I think that worked out well in the long run. But like you suggested in the video and what was the most important to me was the time when you reach retirement and you need to live off those investments. That is where a fee for service planner is so important. To give you the advice where to take the funds and how to save on taxes, etc. This is where you play a big role and do such an excellent job. ThanksAdam, you're the best.

[garth]

Adam
One of the most professional and honest people in the financial industry. I believe that he truly wants what is best for you and your situation.
Integrity in this field is key. So many don't have it. Adam cares for his client's. When you do well, so does he

[robthewaywardwoodworker]

This is what I needed. I have an accountant. I have an investment guy. I don't have a plan!

[sharonbuffett]

Thanks for the fantastic advice, Adam!

[katalystcruz]

Mutual funds advisors don't know shit 🤧....better off using YouTube vids like this one for education! Keep up the great content

[Coyotehello]

Excellent video Adam, thank you. One comment you made before this video was not to only consider your fee as a % of our portfolio for the service you provide but to also consider the value of your knowledge and experience in the mix. Somehow that resonated for me.
Kind regards,
a.

[donatospoony]

Can you pay for financial advise if you are 56 years old and have very little to invest because of a divorce ? My house was paid off, but it isn’t any more. Not sure if I should down size immediately.? What type of financial advisor would want to meet with me ? Do advisors exist that don’t sell investments but provide advise only ?

[sandeeptanjore]

Adam - I have a question for you. It's slightly outside of the topic though. From 2002 till 2017 I was living in Alberta and was contributing to CPP. From 2017 till date I am living in Quebec and contributing to QPP. QPP contributions are higher than CPP. My question is, when one retires and if they have contributed to QPP will they get back more than CPP or is it the same?
Could you please let me know? As always your videos are numero uno!

[jovicrazed]

I moved from the bank as, though my financial "advisor" was a CFP, no planning was available at all. I would have moved everything over to Adam and the third-party investment firm that PW partners with but I wasn't quite at the $500K mark so had to go elsewhere.

[GuitarNewb]

If you have currency to invest in financial products. Why not invest in yourself and take the financial classes yourself?

[mikewatson]

Thanks Adam, great video. 2 areas of focus describes it well. We did our plan (through you) and feel like we got a clear direction for retirement. We now need that investment improvement advice.

[raisamamirieva]

I am a little confused about how you say you strip out the fees. Can you give me an example. If I have $1 million to invest and need a financial plan for myself how much is the total cost? Plan + investment cost annually.