Find the Best Financial Advisors In Owen Sound Ontario
We connect you with trusted, licensed, and experienced financial advisors in the Owen Sound, Ontario area.
Owen Sound Financial Advisor Information
How Does a Financial Advisor in Owen Sound Get Paid?
Financial advisors in Owen Sound earn fees just like other financial advisors across Canada; through charging a percentage fee on the total assets they manage for you. For example, you have $100,000 managed by a financial advisor in Springmount, they may charge you 2% of the $100,000 ($2000 per year) to manage your money. This fee is generally the same across financial advisors in Owen Sound and the surrounding region; this means you will likely have similar fees using a financial advisor in Owen Sound as one in Brooke, Annan, and Springmount.
Is There a Minimum Amount Needed to Work With A Financial Advisor From Owen Sound?
Some financial advisors may require you to have a minimum amount, with $100,000 being a common minimum needed. However, our financial advisors allow you to work with them no matter what your assets are. This means that you can still get the same great service, without having to wait to save up to the minimum asset requirements some advisors charge. When talking with a financial advisor and when interveiwing them, make sure that they are able to accommodate you and provide helpful service no matter how much in assets you have with them.
How is a Financial Advisor Different from Financial Planning in Owen Sound Ontario?
Both financial advisors and financial planners are both similar; however a financial planner will tend to be more experienced in the planning side, helping clients to draft up a plan to reach there financial goals. This differs somewhat to a financial advisor, who can help you to draft up a plan for your retirement, however whos main focus is on your investments and how to build wealth with them. Therefore, financial planners and financial advisors can help you accomplish your goals, meaning that finding a financial planner or financial advisor who you can trust and who is expeiernced and helpful may be more important in selecting someone to help with your finances.
What are the ways an Owen Sound financial advisor can help you?
- Investment advice: Owen Sound financial advisors help to structure and manage your investments to specifically align with your risk tolerance and financial goals.
- Finance Budgeting: Having trouble keeping track of where your money is going? A licensed Owen Sound advisor could help manage & track your cash flow, potentially leading to you being in a better position to build your savings.
- Debt management: If you have debts such as a mortgage, car loan, investment loans, student loans or personal debt, financial advisors can help you plan to help you become debt-free quicker.
- Insurance: Need insurance? Some of our Owen Sound advisor partners may be able to review your coverage to spot gaps in coverage or find potential savings.
- Tax: Want to plan for your tax bills? Some of our Owen Sound financial advisor partners can help to create short and long-term tax strategies.
- Retirement: When can you retire? does this fit with when you want to retire? Local financial advisors can help answer these questions by building you a personalized a retirement plan and helping you remain on track.
- Estate planning: Owen Sound financial advisors can help with transferring your wealth to your beneficiaries.
- Child education planning: Saving for a child’s education? An advisor can help you access government grants and bonds (i.e. free money).
How does a financial advisor in Owen Sound help with Retirement Planning?
Your financial advisor can be a crucial part of planning for your retirement by setting you up with a plan. This is usually done by projecting how much money you will have by the time you retire, using estimates such as your expected returns, expected contributions, and time until retirement. This can help you know if you are on-track for the retirement that you want, or if adjustments can or need to be made. As well, when it comes to investing many people may not know where to start, and this is where a financial advisor can come in. They can help set you up with different investments for your investment accounts, so that your money can work for you, helping you have more money available when you retire.