Comments on: Do Millennials Trust Financial Advisors?

By: The Great Wealth Transfer - Financial Advisor SEO & Social Media Marketing - Social Rank Media Group

Wed, 15 Nov 2017 22:50:05 +0000

[…] rather than people." As it turns out, he may have a point. If you don't believe me, read this and then check out the comments section. Millennials have serious trust issues when it comes to […]

By: Alyssa

Alyssa — Wed, 01 Feb 2017 18:51:51 +0000

In reply to Kate.

Oh gosh, of course! That is a great point too. It's really about where you're at in your life financially and emotionally. Then you can more easily make a decision.

By: Alyssa

Alyssa — Wed, 01 Feb 2017 18:51:15 +0000

In reply to Stephen.

Totally understand where you're coming from! It's all about research 100%

By: Kate

Kate — Sun, 29 Jan 2017 13:23:02 +0000

Omg thank you for this! I could not agree more. I really like that fee-based financial planners are becoming more of a thing in Canada, although you still really have to do your homework because some fee-based planner ARE still partnered with a larger financial organization. But if you need to go the route of having a financial advisor, I think fee-based is the way to go (although like others, I am in no financial position to need one right now :)

By: Stephen

Stephen — Sat, 28 Jan 2017 18:06:13 +0000

I’m very dedicated to my bank(also RBC) but I don’t blindly take their “adviser’s” advice. I’m a firm believer it’s a broken system. They’re paid on commission and rarely have your best interests in mind. Their products ARE however better than doing nothing, there’s just better out there for you if you’re willing to look and research.

By: Alyssa

Alyssa — Fri, 27 Jan 2017 21:21:54 +0000

In reply to Kyla Hamm.

I currently use Wealthsimple and I`m a huge fan because: low cost, no minimum to start, understand our generation. But there are obviously other options.
This MoneySense infographic comparing a few is awesome if you need more information: http://www.moneysense.ca/wp-content/uploads/2016/05/Screen-Shot-2016-05-18-at-9.46.05-AM-e1463579224792.png

By: Alyssa

Alyssa — Fri, 27 Jan 2017 21:18:08 +0000

In reply to ZJ Thorne.

That is always an option too. I am in the same boat. Right now I do not have an obscene amount of money to manage, so I am capable of making the best decisions for myself. Good point, as always :)

By: Kyla Hamm

Kyla Hamm — Fri, 27 Jan 2017 15:44:50 +0000

Any suggestions for Robo advisers? I really love the idea of that. But it seems like there are so many out there.

By: ZJ Thorne

ZJ Thorne — Fri, 27 Jan 2017 05:00:58 +0000

I don't really see the need for them for me unless I were to inherit millions. I have no dependents and am capable of research. I also don't need a "perfect" solution; fine is good enough with me.

By: Alyssa

Alyssa — Thu, 26 Jan 2017 21:03:17 +0000

In reply to Colin @ rebelwithaplan.

Hahaha omg you bet I have! It's such a good clip. 100% agree.