The value of professional financial advice
Having a relationship with a qualified financial professional is a sure way to improve your financial health and confidence.
Through meaningful discussion with your advisor, you’ll get a comprehensive, personalized plan that takes into consideration your investment goals, your time horizon and your tolerance for risk. Your investments will be carefully selected to reflect your requirements, and your advisor will monitor your portfolio and ensure it gets rebalanced whenever market forces shift your asset mix away from their target allocations. You’ll meet regularly—at least annually—to review your plan and, if your personal circumstances change, you and your advisor can adjust your plan accordingly.
Your advisor can also address your preference for responsible investments, which favour companies with a serious commitment to monitoring and improving their environmental, social and corporate governance performance.
You’ll enjoy the confidence that comes from having a plan and knowing it’s on track.
Think of your advisor as your money coach
In sports, coaches advise athletes against short-term thinking. Getting overconfident after a few wins is as unhealthy as becoming despondent after a couple of losses. Instead, coaches reinforce trust in a structure, system and process designed to produce consistent, optimized performance over the entire season.
As money coaches, financial advisors provide similar advice to long-term investors: avoid focusing on short-term market fluctuations. Check your exuberance when markets surge, and don’t panic when they drop. Remember, your portfolio is professionally designed to participate in market gains, while limiting the impact of declines. Focus on your long-term goals and trust the planning process to generate positive results in the fullness of time.
This kind of coaching is surprisingly valuable. According to one study, savers who began working with an advisor at age 35 stand to have 60% more retirement savings compared to those who don’t use an advisor.*
Creating certainty
In the short-term, markets ups and downs are hard to predict. However, over the long term, there are tried-and-true approaches to ensuring you reach your financial goals.
Causing uncertainty
- Geopolitical events
- Monetary policy and commodity price changes
- Rising household debt
- Risks to life, health, income, and property
Causing certainty
- Working with a financial professional to create a financial roadmap
- Investing in well-diversified, professionally managed portfolios
- Reducing debt and building an emergency fund
- Choosing appropriate insurance solutions
The value of professional investment management
Many investors rely on mutual funds and related managed portfolio solutions to help them reach their financial goals. These investments are professionally designed to perform well in various market environments and are monitored by experienced experts who view the markets from a different perspective than non-professionals. When markets are volatile, they see opportunities to buy attractive investments at a discount to their intrinsic value, or to take profits from investments that have increased in value.
*The Conference Board of Canada. “Saving for the Future: Impacts of Financial Advice on the Canadian Economy” (July 2020). Presented to The Investment Funds Institute of Canada. https://fpcanada.ca/docs/default-source/communications/value-study.pdf. Retrieved December 2020.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.
Let’s talk! Book an appointment with me 250-787-0365
Christina Clarance, Wealth Advisor at North Peace Savings and Credit Union.
Fort St. John is a community that Christina and her family are proud to call home. Having lived in Fort St. John for 9 years, raising her children here, and having her immediate family and friends nearby, she has developed strong and steadfast roots to the region.
As Wealth Advisor, Christina is excited to have the opportunity to support members and clients with sound investment advice that will allow them to achieve their financial goals. Christina’s ability to build a foundation of trust with members allows her to gain the insights and the understanding she needs to provide financial solutions no matter what stage of life a person may be in.
Christina is a licensed Mutual Funds Advisor. Whether you are saving for education, or planning for a comfortable retirement, Christina is here to help you make sense of all the investment strategies available to you and help you to think through your simple and complex financial decisions.
Christina is a licensed Mutual Funds Advisor. Whether you are saving for education, or planning for a comfortable retirement, Christina is here to help you make sense of all the investment strategies available to you and help you to think through your simple and complex financial decisions.
North Peace Saving & Credit Union / Credential Asset Management Inc.
The information contained herein is provided for general informational purposes only and is not intended to provide, and should not be relied upon as providing, legal, accounting, tax, financial, investment or other advice, or a solicitation to buy or sell any securities. Economic and market conditions are subject to change and past performance is not indicative of future results.
| Mutual funds are offered through Credential Asset Management Inc. The information contained in this email was obtained from sources believed to be reliable; however, we cannot guarantee that it is accurate or complete and it should not be considered personal taxation advice. We are not tax advisors and we recommend that clients seek independent advice from a professional advisor on tax related matters. This email is provided as a general source of information and should not be considered personal investment advice or a solicitation to buy or sell any mutual funds. |