These are some common questions we get here at Conscious Wealth! Along with some thoughts to get you going down the right path.
1) How do I know I’m getting value from my financial advisor? Start by asking, was I provided with a plan? And do they initiate updates to it?
4) I just inherited some money. Where should I start? Be sure to park at least some of it in a secure, high interest bearing option (ideally in a TFSA) until you have time to understand your choices. Consider a fee-only advisor to guide you through some of the decisions you’ll need to make.
Some of the more advanced questions we’ve received:
Is the financial services industry / my advisor required to have my best interests at heart?
What mix of securities, mutual funds, and ETFs should I be using? I heard mutual funds are bad.