Wealth Management
If you’re new to investing, a good place to start managing your wealth is to consult your tax preparer or accountant. They may be able to provide you with financial planning services. They may also be able to refer you to somebody who can.
There are three types of professional wealth management services you can use.
- A full service stock broker - A good stock broker is one who understands investing and who has the integrity to settle conflicts of interest in the client’s favour. Good stock brokers can provide an effective and economical way to manage your investments. But if you are going to use a full-service broker, take the time to find a broker you can trust.
- A discount stock broker - A discount stock broker will simply carry out buy and sell orders for their clients, and charge lower commission rates than full-service brokers. You pay even lower commissions if you trade stocks online, instead of placing orders over the phone.
- Portfolio managers - A portfolio manager is someone who fully manages your wealth portfolio and has a fiduciary responsibility to make sound investment decisions on your behalf. Portfolio managers are more stringently regulated than full-service or discount brokers.
[text_ad use_category="38"]
Read More
Close
There are some key ways to think about investing money in Canada that will help you make better decisions regarding your retirement income
Letting unnecessary stock market worries take hold of your investment decisions can lead to much bigger problems than just finding stocks to buy
Here’s a look at some of your best retirement investment management options and choices. These include pensions, RRSPs, RRIFs and more.
What does a diversified portfolio look like? A well-diversified portfolio balances risk by spreading investment holdings out by industry sector and other factors
Investments in high dividend REITs can be a way of generating income through real estate investing without all of the hassles of direct real estate ownership.
The best Canadian stocks will have the investment quality your portfolio needs over the long term
Consolidated Water converts seawater into fresh water and operates water production and distribution plants in the Caribbean.
Learning the best ways to mitigate investment risk will go a long way toward helping you build a sound and safer stock portfolio
Some investment rules of thumb will help your portfolio, while others will cost you money. Here’s how to tell the difference.
Understand the factors that affect investment decisions so you maximize your portfolio returns. Keep reading to learn more.