Finding the Right Financial Partner in ParksvilleJake Steele, Wealth Advisor, Managing Director
It’s important to take action and make sure your financial future is in order, and it’s never too early to start. But where do you begin? Everyone wants to know if they are getting what they pay for. How do you choose the right financial partner?
Financial planners have varied training, qualifications, and experience in Parksville and across Vancouver Island. Many financial planners hold designations and have passed courses in financial planning. Others are also registered with their securities regulator to sell investments and provide investment advice. In addition, financial planners can be licensed to sell insurance or hold designations in accounting or estate planning.
Overall, a financial advisor can provide advice in investing, financial planning, personal insurance, taxes, and estate planning — all of which we can assist you with at Precision Wealth Management. We provide our clients with a hub of expertise to ensure we can meet all of your financial goals.
Choosing the Right Financial Partner
Whether you have a referral from a friend or feel unsure how to proceed, it’s always important to ask about the qualifications and experience of your financial planner to ensure the products and services will meet your needs.
Here are some tips for choosing the right financial partner:
Choose a financial planner who can meet your goals
If you’re seeking insurance, look for someone with an insurance license. If you want investment advice, ensure your planner is registered with their securities regulator.
Have an interview
Make sure you feel comfortable discussing your finances with the planner you have in mind. After making an appointment, ask questions about:
- their education and credentials
- the number of clients they have
- how long they’ve been a planner
- how often you can expect communications with clients
- the investment products or services offered
Ask for references
Find out if your financial planner works with other experts such as lawyers, accounting, or insurance agents.
Ask your planner to explain how they get paid, and compare rates with others. Do they make money from sales fees every time you buy and sell?
Unlike commission-based financial advising, solutions at Precision Wealth are based on a fixed fee structure. Our financial advisors never attempt to up-sell investments, like some commissioned advisors. Additionally, you’ll always know how much you’re paying for our solutions, and when.
At Precision, our wealth management team is guided by a set of values and principles that enable us to build your personal wealth plan with your best interests at heart.
We are Here to Help Grow and Protect Your Wealth
At Precision Wealth, we want you to ‘Live Wealthy.’ Our advisory team is here to help grow and protect your wealth, starting with the way we structure our business, through risk mitigation, and by offering the best solutions available.
Get in touch with us to discuss your needs and connect you with the best financial planner to meet your financial goals.