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Best Financial Advisor in Calgary, Alberta

It’s not easy to trust people with your finances, especially when you need advice on your financial investment. With the new financial advisor matching database, finding a financial advisor is not an issue anymore. Why trust the word of mouth when you can see and review yourself? Financial decisions are crucial, and you need the right advice to make the right decisions. Instead of taking opinions from friends and family, it’s about time to invest in a reliable financial advisor.

To help you choose the right financial advisor, here’s a small checklist for finding the best advisor for your financial needs.

According to Charles A. Jaffe, “It’s not your salary that makes you rich; it’s your spending habits”. The very first rule of thumb is how you manage your money. You must spend less than you earn. Most Canadian families, especially the millennials, do not know how to make a monthly budget, and how to stick to that budget. This results in heavy loans and credit card debts.

The right financial advisor will help you treat yourself right and save more for tough times, your future educational needs or even retirement. The key to your future financial freedom and a significant net worth is a successful budget. If you haven’t created a financial plan yet, you can easily get started with the Ascendant Financial Team.

Vern McCarty – Financial Advisor

Investment Management

Saving money is not enough. It is important for you to invest your money for some profit, which can help you pay your child’s school fees, or plan your retirement. The better your investment planning higher are the profits and hence, the savings. You need to check the type of investment, length of investment, return on investments, inflation rate, income taxes, and most importantly, the type of money you invest (physical currency or cryptocurrency).

The world is full of investment opportunities, such as you can invest in a property, you can save it in the bank for yearly profits, you can spend in any business, you can buy shares, etc. However, all these financial investment options have their own risks and reward, tax treatment, and liquidity. Coming from a non-financial background, we know it is difficult for you to study all these financial terms and subsequently make the right decision. A financial advisor can help you choose the right investment channels based on your financial needs and the risks you’re willing to take.

Every financial advisor is an expert in one or more types of investment. Therefore, it’s important to choose the right financial advisor for your desired investment channel. By using this information and with access to an online financial advisor matching database, you can find the potential financial advisor for your needs.

Tax Planning

Unfortunately, the growth of assets and the amount of income you expect to receive will be influenced by the overall estate and income taxes. Tax planning is an ever-changing process because of various reasons such as varying tax laws, tax rates, tax brackets, and credits. Your overall profits, spending, and earning determine your overall taxes, hence, impacting your financial decision.

Not all financial advisors are experts in tax planning, but they are tax advisors available to help you understand your tax bracket and the best investment for your current current financial standing. However, the financial advisor expert recommends finding financial advisors having expertise in taxation. Therefore, you need to select a financial advisor who can help you with tax planning as well.

Risk Management

 Uncertainties and risks are always there in human life and property. Natural disasters, health expenses, sudden death, or any other uncertainty with life and property can have a huge impact on your finances. A good financial advisor just not suggests investing your money anywhere, in fact, he is a good risk assessor, who will categorize and compute all the risks before providing any financial advice.

A financial advisor will not just ask you to invest all your money at once. Instead, he will assess the various risks and help you determine whether to get insurance or to invest money in assets or take other possible measures.

Estate Planning

Another important quality in a financial advisor is that he has some knowledge of estate planning or he has a partner who is an expert in estate planning. A good financial advisor has adequate knowledge regarding gift and federal estate laws. He takes in account all the factors that are likely to impact the transfer of assets to any other party during or after the life of the property holder. 

Since most of the people want their properties to be transferred to beneficiaries, an estate planner will offer guidance regarding property laws, wills, instruction letters, special bequests, trust instruments, and gifts prior to death, so that even if some uncertainty happens your family does not have to face any issues. 

Role of a Financial Advisor

A financial advisor is a professional who guides you regarding how you spend, save, and invest your money to enjoy a secure, comfortable and fun retirement. You reach your financial goals faster by taking the right financial decision through a financial advisor.


Life Insurance Expert Calgary -FAQs

A financial advisor may seem a little expensive in the beginning but once you start getting profits from your investments and savings, it is totally worth it.

There are both fixed rates and hourly rates involved in hiring a financial advisor. These include fees for consultation, financial planning, and special projects. The hourly fees range from $100 to $400 whereas the monthly fee ranges from $1000 to $3000, based on the advisor in question and how complex the project is. Depending on your overall financial standing and the number of decisions you want to take, you can see which option works best for you.

A financial planner helps individuals and organizations to create plans to achieve their long-term financial goals. In contrast, a financial advisor is a general term for professionals who assist in managing your accounts and overall investments.

  • You have high consumer debt.
  • You are near your retirement.
  • You are struggling with managing money.
  • You are self-employed or recently started a business.
  • You have to plan your child’s education.
  • You spend money unnecessarily