“What questions should I ask when choosing a financial planner?” - Situational Financial Planning, Legal & ID Shield, Halifax, Nova Scotia, Canada

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“What questions should I ask when choosing a financial planner?”

Financial Plan
“What questions should I ask when choosing a financial planner?”

In today’s financial world few can go through the maze without help and with the increased demand for financial advice. There is now an alphabet soup of designations causing even more confusion with many so called “financial planners” concentrating on the sale of products such as securities, mutual funds or insurance.

“You have to do it by yourself, and you can't do it alone.”     -Martin Rutte (Author, speaker)
Thankfully, organisations whose members deal with the personal finances of individuals have tried to make your decision easier. The Financial Planners Standards Council (FPSC) was created in 1995 to simplify things for consumers and raise the bar for those holding themselves out as financial planners by establishing the CFP™ designation as the pre-eminent financial planning designation in Canada. Individuals holding the only internationally* recognised financial planner designation, the CFP (Certified Financial Planner) designation, are well trained and adhere to a code of ethics that puts the consumers best interest first.
It is your life, your money and your decision, so it is important that you are comfortable with your financial planner so don’t hesitate to ask:
What are your qualifications?
What experience do you have?
What services do you offer?
Do you have references from clients?
What is your approach to financial planning? What process do you use?
What is your investment philosophy?
Will you be the only person working with me?
How are you compensated?
How much do you typically charge?
Are you regulated by an organisation?
Could anyone besides me benefit from your recommendations?
Can I have it in writing?


Paul is a Certified Financial Planner (CFP) licensed by the Financial Planners Standards Council; Financial and Estate Plans are provided under that license.

The information contained in this website is intended to provide general guidelines only. The application and impact of the law can vary widely from case to case based on the specific or unique facts involved. Accordingly, the information in this article is not intended to serve as legal, accounting or tax advice. Users are encouraged to consult with their professional advisers for advice concerning specific matters before making a decision.

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J. Paul Wilson, CFP®, ChFC®
Certified Financial Planner
27 Blue Thistle Road Halifax, Nova Scotia, B3S 1M3
Office (902) 405-8665 Email  paul@jpw.ca
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