FAQ

As a financial planner, these are questions I am often asked

Who is the most trustworthy financial advisor?

A trustworty financial advisor is one who is credentialed, transparent about fees, and puts clients' best interests first. Look for a Certified Financial Planner (CFP®) professional with a fiduciary duty to act in your best interest. I help Albertans 50+ create tax-efficient retirement income strategies with clear, client-focused advice.

Is it wise to pay a financial advisor?

Yes--especially if you're approaching retirement, manageing investments, or planning for taxes. A CFP® professional can help you avoid costly mistakes, maximize retirement income, and create a long-term financial plan. The right advisor provides value far beyond their fee by optimizing your financial future.

How many millionaires use a financial advisor?

Studies show that around 70% of millionaires work with a financial advisor. High-net worth individuals recognize the importance of expert guidance in wealth management, tax planning, and estate strategies. A strong financial plan helps ensure long-term security, regardless of wealth level.

What is the success rate of financial advisors?

Success depends on client goals, market condisions, and advisor expertise. Research suggests that investors who work with financial advisors accumulate significantly more welath over time than those who don't. The key is choosing an advisor with experience, professional credentials, and a long-term strategy tailored to your needs.

What is a normal fee for a financial planner?

Fees vary based on the advisor's structure. Some charge 1% of asets under management (AUM), while other have flat fees, hourly rates, or commission-based models. It's important to work with a transparent advisor who clearly explains their fees and the value they provide.

What is the average rate for a financial planner?

Financial planners typially charge:

• 1% AUM fee for managed investments

• $2,000 - $5,000 for a full financial plan

• $150 - $500 per hour for consulting

It depends on your needs and the advisor's compensation mode. Fee-only, fiduciary planners tend to provide unbiased advice in your best interest.

Is it worth paying for a financial planner?

Absolutely--especially for retirement planning, tax efficiency, and long-term wealth management. A CFP® professional helps you optimize investments, reduce taxes, and create a sustainable financial strategy. The benefits often far outweigh the cost.

What company is the best for financial planner?

The best financial planner isn't about the company--it's about the advisor. Look for a CFP® professional with a fiduciary duty, a strong track record, and expertise in areas relevant to your financial goals. Personalized, unbiased financial advice is key to long-term success.