Wouldn’t it be great if choosing a financial advisor was as easy as choosing a microwave? When you buy a microwave, you step into a big box store, survey the prices, sizes, and features, and then buy the one you like best that’s in your budget. If you’re a microwave aficionado, you might check out a few online reviews. Overall, it’s no big deal. After all, you’re only using it to heat leftover noodles.
Financial advisors aren’t like microwaves (no matter what you’ve heard). Choosing a financial advisor is a serious business, which begs the question: How do you know which one to choose?
Most people start by asking friends, family and colleagues. They may check out different financial planning associations or look at a few financial advisor websites and social media profiles.
These are all good things to do, but we think you should go deeper. By that, we mean taking a careful look at the commitments and philosophies of financial advisors and their firms.
Why should you care what financial advisors think and believe? Because their commitments and philosophies are at the core of their decision making. And when an advisor is making decisions about your money, you want to make sure his or her commitments and philosophies are in line with your own.
PEDERSEN GROUP WEALTH MANAGEMENT
Commitments (My promises to my clients)
- Transparently adhere to defined parameters.
- Initiate and facilitate momentum.
- Deliver opinions that foster confident action.
- Study current concepts to broaden perspective.
- Provide leadership that ignites positive change.
- Actively support personal and professional growth.
Philosophies (My beliefs frame my actions)
- Action is the result of clear decisions.
- All types of energy are reciprocated.
- Happiness and success are necessary to breed more happiness and success.
- Somehow, someway, everything always works out.
- Fortune favours the brave.
Facilitate tangible contributions that improve quality of life in our community.
After all, you’ll be living with the decisions of your financial advisor long after your small kitchen appliance has been recycled into scrap metal. Your dreams—of saving, traveling, retiring, going to school, buying a home, providing for loved ones—have a long, long timeline.
In this series of short articles, we’d like to give you the opportunity to get to know us better. Learn what makes us tick. Discover our values, our philosophies and what’s important to us. Find out what makes us different.
If you like what you read, and if it gels with you and what you’re looking for, then give us a call. We’d love to hear from you.
Pedersen Group Wealth Management is a personal trade name of Darren Pedersen.
This article was prepared solely by Darren Pedersen who is a registered representative of HollisWealth® (a division of Scotia Capital Inc., a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada). The views and opinions, including any recommendations, expressed in this article are those of Darren Pedersen alone and not those of HollisWealth. ® Registered trademark of The Bank of Nova Scotia, used under licence.
HollisWealth is a trade name of Scotia Capital Inc. and HollisWealth Insurance Agency Ltd. HollisWealth is a division of Scotia Capital Inc., a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. Brokerage services provided by HollisWealth are provided through Scotia Capital Inc. Insurance products provided by HollisWealth are provided through HollisWealth Insurance Agency Ltd. ® Registered trademark of The Bank of Nova Scotia, used under licence.