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
Relying on stock predictions today to forecast future market trends is likely to cost you money. Instead, focus on share value and using our three-part investing philosophy to profit
Here’s a look at some of your best retirement investment management options and choices. These include pensions, RRSPs, RRIFs and more.
Is there any advantage to spending money on prepaid funerals? Prepaid funerals seem like a great deal but have hidden risks.
Letting unnecessary stock market worries take hold of your investment decisions can lead to much bigger problems than just finding stocks to buy
One challenge with researching investments over time is that companies sometimes change names as they grow and mature. As you search through our archives, one such example of this you will find is Trimark investments, which was known for its deep value investing approach.
Long known as Trimark Investments or AIM Trimark, the company changed its name in August 2008 to Invesco Trimark to reflect its relationship with Invesco Ltd., the parent company of Trimark investments....
Long known as Trimark Investments or AIM Trimark, the company changed its name in August 2008 to Invesco Trimark to reflect its relationship with Invesco Ltd., the parent company of Trimark investments....
Learning the best ways to mitigate investment risk will go a long way toward helping you build a sound and safer stock portfolio
Investing in U.S. real estate from Canada can pay off for some investors, but it’s riskier than many investors think
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.
Some investment rules of thumb will help your portfolio, while others will cost you money. Here’s how to tell the difference.
Learn what sequence of returns risk means, why it matters in retirement, and how Canadian investors can reduce it with safer withdrawal planning.