Top Five Things To Look For When Hiring An Insurance And Investment Advisor

Besides setting aside a part of their monthly income as savings, most people don’t have a financial plan that aligns their income and expenses towards the achievement of life goals. If you lack the skills required to assess your financial situation and make provisions for your future, it is best that you hire a professional to do it for you.

An insurance and investment advisor can guide you to invest your money and manage your debts so that in the long run, you can double the money that you invest today. With their expertise and knowledge of finances, they can help you in real estate planning, minimizing taxes, studying the market to formulate an investment strategy, and selecting an insurance plan to establish financial security.

However, before trusting someone with your financial decisions, make sure that they are capable of drawing the roadmap towards your financial goals. To assist you in your search for a competent professional, here’s a list of the top five things to look for when hiring an insurance and investment advisor.

1. Integrity.

Many financial advisors receive commissions from insurance agencies and banks to bring them business, making it imperative that you hire someone who works independently and is committed to your best interests. An advisor must explain the pros and cons of the financial decisions that they suggest and must not try to persuade you to invest in anything that could adversely affect your finances.

2. Experience.

Experienced professionals have knowledge of various financial options available to provide unique solutions to their clients. Their expertise enables them to understand the market, leading to reduced risks and a higher probability of a favorable outcome when making investment and insurance decisions.

3. Proven track record.

When it comes to your finances, it is best to work with someone who has numbers to show for their success. The number of clients that they’ve worked with and the numeric results of their financial advice will help you evaluate whether a professional is competent to deal with your finances. You could ask them to give you a detailed account of their performance before hiring them to assist you.

4. Consistency.

Make sure that your advisor has consistently driven his clients on the path to growth. A few flukes on the way that benefited their clients while working with them are not a good enough reason to hire them. To ensure financial security, you need to hire someone who works more by knowledge and less on luck.

5. Professional qualifications.

It is essential that the professional you hire is qualified and continuously updating their knowledge as the market changes. Qualified professionals are educated and certified and have an understanding of financial rules, risk management, and tax planning to provide you with the best advice based on your situation.

If you’re looking for an insurance and investment advisor based in Mississauga, ON, reach out to Ace Financial Group Inc.

We are an independent insurance and investment agency with a team of about twenty-five full-time and part-time advisors that are dedicated to the clients’ financial goals and security. We have been in business since 2009 and provide insurance, investment, estate planning, and mortgage services to clients across Mississauga, Brampton, Milton, Oakville, Markham, Vaughan, Caledon, Hamilton, Guelph.

To learn more about the services we offer, please click here. To get in touch with us, please click here.