How do I find a financial advisor?

To find the best financial advisor, you need to know their credentials, experience, if they have product or investment limitations, how they're compensated, search for reviews, and don't be afraid to ask them plenty of questions. You should find out if they are limited with a Mutual Fund (MFDA) only license or if they have a full service investment license (IIROC). Does the institution they work for make their investment decisions more biased or do they have a limitless product shelf? Are they advisors from a bank or a wealth management firm?

Though there are many benefits to working with a financial advisor, it is important that you feel comfortable with whomever you select and that you both maintain a strong degree of communication. You should choose a professional who takes the time to learn about you and your priorities. They should be using that information to develop a unique strategy and to provide recommendations that will get you closer to your goals.