Go to the Globe and Mail homepage

Jump to main navigationJump to main content




Getting advice

Choosing an adviser Add to ...

You may work with your adviser for years, so the right fit is important. Look for someone you feel comfortable asking for advice, who listens to you and who answers your questions clearly.

Four questions to ask yourself

1. What are your financial goals?

The type of adviser you choose will depend on what you want to achieve. You may need help with a single transaction, such as choosing the right savings account. You may need an adviser to help you reach a long-term goal, such as saving for retirement. Choose an adviser who understands your goals and who can provide the appropriate advice.

More Related to this Story

2. How much do you know about investing?

For example, if your investment knowledge is low, you may want to choose an adviser who will recommend simpler options and help you understand each option. If your investment knowledge is high, you may want to choose an adviser who can offer you a wide variety of investments.

3. How much money do you plan to invest?

Some advisers only work with investors who have a lot of money to invest, say, at least $250,000. However, there are many advisers who work with investors with less to invest.

4. What type of products and services do you need?

The products and services that an adviser can offer depends on their registration and qualifications. Some can advise only on certain types of investments. Others have additional training and experience in financial planning, estate planning and tax planning. Think about the range of products and services you need, and choose an adviser who is qualified to provide them to you.


Anyone selling securities or offering investment advice must be registered with a securities regulator, unless they have an exemption. Check registration through the Ontario Securities Commission or Canadian Securities Administrators.

Content in this section is provided in partnership with Investor Education Fund, a non-profit organization founded and supported by the Ontario Securities Commission that provides unbiased and independent financial tools to help Canadians make better money decisions. To find out more, go to: GetSmarterAboutMoney.ca



In the know

Most popular videos »


More from The Globe and Mail

Most popular