What Does a Financial Advisor Do?

One of the most important areas of our lives is our finances. However, money and finances are also usually some of the most complex and stressful things to deal with. That’s why many people get outside help and advice. In fact, around 50% of Canadians seek help from a financial advisor or planner. But what does a financial advisor do? In this article, we’ll explain what a financial advisor is and what they can do for you and your finances.  

What Do Financial Advisors Do?

A financial advisor is someone you hire that provides services that help manage your money. For example, an insurance agent, a stockbroker, and even an employee at your financial institution can all be considered financial advisors since they help you make choices regarding your money. Because of this, the services financial advisors offer are wide-ranging and can include things like tax planning, managing your investments, estate planning, donating to charity, and more. 

Personal financial advisors are becoming increasingly diverse in the services they offer, with many advisors offering any type of financial guidance you may need. With so many options, you’ll have to search and find the financial advisor who fits your exact needs. When you’re looking to hire a financial advisor, you also want to get some more information before you commit to working with them since they will be helping to manage your money. Here are some important questions to ask a financial advisor:

• What are their qualifications?
• Are they registered? Anyone who sells bonds, stocks, or mutual funds has to complete training and receive registration with a securities regulator.
• Have they ever been subject to disciplinary action?
• How do they get paid?
• How much will you pay in total?
• What is their investment philosophy?
• How will your taxes be affected?

These are only some of the important questions you’ll want to ask potential financial advisors before letting them manage your money in any capacity. However, once you find the right fit, you and your financial advisor can work together to reach all of your financial goals.

The Canadian National Christian Foundation provides philanthropic advice and wants to connect God’s money with God’s work. Our staff, our leadership, our board, and our donors are all believers who want to help you manage your assets and guide you through creative giving solutions that also benefit you. We can handle non-cash gifts quickly and effectively, getting the money into the field as soon as possible with 100% of your principal always available to grant out. You can get started by contributing to a donor-advised fund today!

About Canadian National Christian Foundation

CNCF is a community of givers who are seeking to advance the Kingdom of God by connecting the resources God has entrusted to them with His work on earth.

Similar to other public foundations, CNCF’s difference is the commitment of its staff and directors to the Word of God, its non-denominational history and status as a Christian foundation, and its ability to allow donors to donate anonymously, at a time and gift value of their choosing.  Learn more by visiting our website.