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megram - Index

megram - 55JulOttawa - Index

3. Reluctant to discuss compensation. If a financial advisor
refuses to tell you how they are paid clearly and in writing,
look for another advisor.
A financial advisor needs a clear picture of your current
financial situation and expectations.They will usually begin
by discussing your current financial situation including all
your assets and liabilities including credit card balances,
loans, property and investments.
Giving your financial advisor a clear picture
Although no two people’s financial situations are identical,
there are common elements to every financial plan.
Your plan, for example, will include written recommendations
that take into consideration the extent of your financial
resources. The plan will balance your objectives with
those resources. So it is important to prioritize what it is
you want in life.You can always change the plan as circumstances
alter and those priorities change.
Your plan must include a timetable for action, starting
with those recommendations that should be implemented
immediately and moving on to actions that need to be put
into place as your balance sheet and cash flow improve.
Whether your plan includes specific or general investment
recommendations depends largely on the type of advisor
you have selected. For example, expect specific recommendations
from an advisor who is licensed to sell financial
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