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Originally Posted by 4444
absolutely get a fee based financial advisor. they're not expensive (approx. 1% of assets p.a.).
a good financial advisor is worth their weight in gold to a non-financially confident person.
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if you're passive investing, I'm not sure if an advisor would be able to provide much value. However, many advisors also work as financial planners which can be helpful.
We got lucky and found a fee-based planner through my search for a life insurance broker. An independent, fee-based financial planner can be quite helpful, even for someone who understands the basics around personal finance. If anything, it helps to have a 3rd perspective who isn't a family member before making a major financial decision. Sometimes spending a few hundred dollars for someone's detached analysis is worth it.
To anyone else is wants to know what a financial planner can do, I would read the Financial Facelift column in the Globe and Mail or the Family Finance Retirement Profiles in the National Post. These appear weekly and feature families who submit their financial profiles anonymously for fee-based planners to analyze.