We write extensively how we do like active management compared to indexing, but admit that indexing is far easier while still an excellent choice for 90% of investors. Investment advisors have a large suite of good products that can generate above market returns net of fees – this is instrumental in growing your wealth assuming you cannot consistently beat the market yourself (and if you are reading this site, spoiler – you can’t).
In fact, I may actually be an investment advisor right now – but you would never know (I live in the North Shore, come find me).ġ. Also, I have contemplated becoming an investment advisor because of my premier marketability and natural sales skills. Young Professionals Can Consider an Investment Advisor ( Or Just Buy an ETF)īefore explaining what you should be looking out for, let us be clear – there are merits to having an investment advisor manage your money. I felt compelled to write this for everyone who is going to see an investment advisor at CIBC Wood Gundy or RBC Dominion Securities – and especially for anyone who is speaking with an independent contractor working for the Sun Life Financial or Freedom 55. Ultimately, I left that day after excoriating old and likely no-longer-buddy and am still quite raw from the experience.
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