The Retire Ready Podcast

In today's episode is part 4 of a 4-part series on financial advice and what to look for in an advisor. Today we're going to answer your questions. A big thanks to those who have shared their questions with me, you can as well if you have any suggestions for topics or guest speakers for the podcast or just general questions, by emailing me at [email protected].

Links from today's episode:

The Society of Real Financial Advisors on Twitter: https://twitter.com/SocietyofAdvice

Real Work and the Secret Society of Financial Planners

Morningstar's Canadian Fund Fee Trends and the Cost of Advice in Canada

Certified Financial Planner® (CFP®) Designation

Chartered Investment Manager® (CIM®) Designation

The Financial Planners and Financial Advisors Act in Saskatchewan

Some recent examples of insurance advisors making recommendations in their favour vs the client: Strengthening oversight and accountability of the life insurance sector

How to know when it's time to change your financial advisor

4. Advisor Fees

In this episode we discuss what options are out there, what is a fair or reasonable fee to pay your advisor, and which of the options makes the most sense for you.

Links from today's episode:

Financial Planning Association of Canada (FPAC) Pro Bono Directory: https://www.fpassociation.ca/305565/Page/Show?ClassCode=Page&Slug=pro-bono-financial-planning

The end of Deferred Sales Charges:

https://www.osc.ca/en/news-events/news/osc-implement-ban-deferred-sales-charge-option-harmonizing-rule-across-canada

https://www.securities-administrators.ca/news/canadian-securities-regulators-adopt-ban-on-deferred-sales-charges/

Canadian Securities Administrator Types of Fees

https://www.awakenwealth.ca/retire-ready-podcast/episode4

3. The Alphabet Soup of Advisor Titles & Designations

In this episode we talk about the titles and designations/certifications that advisors use and which ones should matter to you on your search for a real financial planner/advisor.

Links from today's episode:

IIROC Understanding Certifications: https://www.iiroc.ca/investors/learning-basics-and-protecting-your-investments/understanding-financial-certifications

Choosing a Financial Advisor: https://www.canada.ca/en/financial-consumer-agency/services/savings-investments/choose-financial-advisor.html

Financial Planners and Financial Advisors: https://www.fsrao.ca/consumers/financial-planners-and-financial-advisors

https://www.awakenwealth.ca/retire-ready-podcast/episode3

Welcome to Episode 2 of the Retire Ready Podcast.

In this episode we talk about if you need a financial advisor/planner, what value and advisor brings, the difference a real financial advisor/planner makers.

You can find all episode, show notes, and more information by clicking here: https://retirereadypodcast.com

Links from today's episode:

S&P Indicies vs Active Canada End of 2022 Report: https://www.spglobal.com/spdji/en/spiva/article/spiva-canada/

Vanguard Investments Canada Advisor Alpha:

https://www.vanguard.ca/content/dam/intl/americas/canada/en/documents/gas/aa-how-advisor-adds-value-client.pdf

Russell Investmets:

https://russellinvestments.com/ca/resources/financial-professionals/value-of-advisor

Carl Richards https://behaviorgap.com/

https://www.awakenwealth.ca/podcast/2-do-you-really-need-a-financial-advisor

Welcome to Episode 1 of the Retire Ready Podcast. In today's inaugural episode we introduce you to our host, Scott Sather, talk about why we've started the podcast, who this podcast is for, and why you should listen in & hopefully subscribe. We also talk briefly about what a Fiduciary is and why it should be important to you.

You can find all the episodes, show notes and more information by clicking here: https://retirereadypodcast.com

Links from today's episode:

https://www.investopedia.com/ask/answers/042915/what-are-some-examples-fiduciary-duty.asp

https://www.awakenwealth.ca/podcast/1-introductions