➊  Investing is more successful when you plan ahead
True. Similar to planning a trip, buying a home, or looking after our health — the key to successful investing is having the right information, a well-constructed plan, and the right advice.

Your investment advisor doesn’t need to know your personal information
False. Your advisor will ask about your financial goals and your current circumstances, including how long you intend to leave your money invested and whether you are, or are not, comfortable taking risks. Are you willing to accept lower rates of return to ensure your money is safe? Or are you looking for significant growth in your money, and willing to see your holdings drop in the short-term if it gives you a better chance of earning higher returns over time?  Your answers to questions like these are important and will affect the recommendations that your financial advisor gives to you.

Before signing up with a financial advisor, you can check whether that person and the firm are properly licensed and registered
True. You can see who is registered and check whether they have ever been disciplined by visiting the Registration and the Enforcement webpages of the Canadian Securities Administrators (www.securities-administrators.ca). This is an important step to take when choosing a financial advisor, even if the person is recommended by a trusted friend, family member, or colleague.

Your financial advisor can be a helpful coach
True. Just as a personal trainer can help you build muscles, your financial advisor can help you grow your money to achieve your financial goals. Your goal could be as simple as meeting monthly expenses without relying on credit, saving for your child’s education, or for your retirement. Building a strong, open, and honest relationship with your financial coach can help you find the discipline to stay on course.

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