The 11th Annual Financial Planning Week Takes
Place Across Canada from November 17-23, 2019
Canada, November 14, 2019. For Canadians, managing finances let
alone talking about money has its challenges. Conflicting priorities make it
difficult to figure out the best way to set and reach goals. With an endless
amount of information available, it’s hard to determine how it all applies to one
person’s particular situation.
Taking a proactive approach to money management can help build
confidence and reduce the stress and anxiety most Canadians feel about managing
their money.
FP Canada's National Financial Planning Confidence survey revealed that
Canadians aren’t getting the financial help they need due to low confidence.
The survey shows that 41% of Canadians don’t feel confident talking about their
finances and 34% don’t know what questions to ask.
Ayana Forward is a fee-only Certified Financial Planner at Retirement in View in Ottawa. She is
seeing more and more clients looking specifically for advice and don't want to
be sold products. "A trend I'm noticing
more and more is clients looking specifically for "fee-only" or
"fee-for-service" financial planning engagements. They want a plan
first from an unbiased and independent professional who has no incentive to
sell them products”.
Except for Quebec, the financial planning industry in Canada is
largely unregulated. By working with a Certified Financial Planner you can
ensure your advisor has met a standard of experience, education, ethics, and
competence.
Mrs. Forward has developed a quiz designed to
help people determine what type of financial planner is best suited for their
particular needs
Here are some tips for taking a proactive approach to your finances:
· Review your spending habits regularly
· Optimize your investment accounts for tax efficiency
· Plan for irregular expenses that might not show up in your
day-to-day budget
· Seek professional guidance in areas where you feel you
need the most help
· Establish short and long term goals and write them down on
paper
Where financial planners can help:
· Overall review your financial picture
· Help you determine what to prioritize based on your goals
· Provide professional insight, guidance, and support
· Help improve your tax efficiency
· Make sure your investment portfolio matches your risk
tolerance and objectives
Media Contact:
Ayana Forward, CFP
Retirement in View
240 Catherine St. Suite 201
Ottawa ON
K2P 2G8
613-416-9593
ayana@retirementinview.ca
Nice article. Amazing information. We learn and know from this article. Thanks for sharing such a informative article. keep sharing thank you. Please visit my website.
ReplyDeleteSatta number
Satta Bajar