Choosing an adviser for the long term is different from finding someone who can help you find a temporary place to save money, or sell you a few investment products. Look for:
A broad range of products
As you get older and have more money to invest, you will likely want to change the way you invest. Perhaps you have invested in Guaranteed Investment Certificates (GICs) and mutual funds in the past, and you are now looking into other investments.
Someone you can work with
You'll spend more time with an adviser who is helping you with longer-term planning, and the personal connection will make a difference.
Someone who will stay with you
Seek out companies that value long-term relationships. Ask specifically to talk to someone who is looking for longer-term clients. That may rule out a workplace adviser because you or the adviser could change jobs. Instead, look for someone independent of your workplace and who has experience.
Use this checklist to evaluate any adviser you're thinking about using over the long term.
Content in this section is provided in partnership with the Investor Education Fund, a non-profit organization promoting financial literacy to Canadians. To find out more go to GetSmarterAboutMoney.ca.