Finding the right financial assistance for your personal finances is important. But navigating the difference between a financial advisor and a financial planner can be complicated. “There’s a lot of ambiguity around what people who call themselves ‘financial advisors’ and ‘financial planners’ actually do,” says Jason Heath, founder of Objective Investments in Montreal. URL ex-ponent.com

FCAC notes that the more general title financial advisor can be held by anyone from a bank employee to a stock broker, while the term financial planner typically refers to those who help clients plan for long-term savings goals. This type of planner can offer advice on estate planning, tax tips and retirement preparation services.

It’s also important to determine whether a financial advisor or planner is a fiduciary, which means they are legally bound to put their client’s best interests first. They must disclose any potential conflicts of interest to their clients and abide by a professional code of ethics.

Montreal Financial Advisors: Tailored Financial Strategies

Choosing a fiduciary financial planner is often the best way to ensure that you’re receiving unbiased advice. This type of advisor is paid on a fee-only basis, which means they earn their money based solely on your assets under management rather than by commissions from the sale of specific investments.

Kerr Financial Group is a top-rated Montreal wealth management firm that uses a comprehensive strategy to maximize clients’ investments. Their team of experienced advisors is dedicated to fostering a strong relationship with each and every client.