4 Things to Look for in a Long-Term Financial Adviser

Looking at the big picture? Finding a long-term financial adviser can really pay off, so make sure they're right for the job by following our four-point questionnaire.

By Investor Education Fund
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Compatibility Check


Choosing an adviser for the long term is different from finding someone who can help you find a temporary place to save money, or sell you a few investment products. Here are three things to consider:

• A broad range of products: As you get older and have more money to invest, you’ll likely want to change the way you invest. Perhaps you’ve invested in Guaranteed Investment Certificates (GICs) and mutual funds, and are now looking into other investments.

• Someone you can work with: You’ll spend more time with an adviser who is helping you with longer-term planning, and the personal connection will make a difference.

• Someone who will stay with you: Seek out companies that value long-term relationships. That may rule out a workplace adviser because you or the adviser could change jobs. Instead, look for a qualified advisor who is independent of your workplace.

Once you’ve got a long-term adviser in mind, use this checklist to help you evaluate them. The more "yes" answers, the better the fit for you.

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