Quote:
Originally Posted by CorsiHockeyLeague
So I have a meeting scheduled with a financial planner (or wealth management or whatever they're calling it) to talk about an investment / retirement strategy. I'm making enough now that it makes good sense for me to start shuffling some of it into an RRSP to defer some taxes, and I figure there may be some other opportunities I might want to avail myself of that will pay off down the line.
What would people suggest I read to educate myself before I go into that meeting?
EDIT: On the wills stuff, I will just anecdotally say that I don't understand why other lawyers even do it. People want a will done for under $1K and the absolute time bomb of professional liability that can accompany it if anything goes wrong just doesn't make any sense to me.
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Well you should be asking questions about how the money is managed, how they’re paid, their independence and professional credentials. I would ask about services such as financial planning and estate planning if those are topics that you’re interested in as well.
I think it’s good to know how often they want to meet, typically, how many clients they have and whether they have a team of people or it’s just them alone.
If it was me, I’d ask whether they’re a fiduciary as well. Most people would assume that advisors have to put their clients interests ahead of their own, but unless they’re a Portfolio Manager, that’s not a requirement. That would be something very important in my opinion.