Customer Service RepresentativeUsually, you will find this type of advisor to the financial institution where you hold an account or a loan. The customer service representative helps make timely decisions, such as choosing a bank account or a credit card. It can also help you compare the different options available for loans, such as mortgages. Also, he can give you advice on investment products. In the short term, for example, savings bonds and guaranteed investment certificates.
A customer service representative usually receives a salary from the financial institution that employs him. So you have nothing to pay for his advice. In fact, the cost associated with these tips is included in your administrative fees.
Administration or the expenses related to your investment. This type of advisor can only recommend products sold by his financial institution.Personal Banking AgentAn agent of personal banking works for a bank or trust company Trust . He has the necessary training to sell investment products, such as guaranteed investment certificates and savings bonds. He may also be authorized to sell units of mutual funds.A personal banking agent is paid by the bank or trust company who uses it. You have nothing to pay for his services.
In fact, the cost of its services is included in your administrative fees or the costs of your investment.Mutual Fund RepresentativeA mutual fund representative is authorized to buy and sell mutual fund units on your behalf. The company that employs it is registered as of broker In mutual funds. The mutual fund representative is usually paid by the company whose products he sells. He receives a fee each time he sells units. If you decide to buy units of a fund, the cost of the representative’s services is included in the expenses related to your purchase of units.
Investment RepresentativeAn Investment Representative, commonly known as Investment Dealer Securities securities dealer Is authorized to sell and buy a variety of investment products on your behalf, such as shares, bonds, shares mutual fund of fund units of exchange-traded and shares end funds . The investment company that employs (usually called brokerage ) is registered as a securities dealer.This representative receives a commission the sale and purchase of investment products.Investment AdvisorThis type of advisor manages your investments for you and can provide you with advice on any security. . His employer is an investment business registered with regulators as a portfolio manager. .
Such an enterprise may be independent or owned by a bank. This representative can work exclusively with wealthy clients who have at least $ 250,000 to invest.In return for his advice, this advisor may charge a fixed fee or an annual fee Annual based on the size of your portfolio.Financial plannerA financial planner works with you to create a Financial that helps you reach your goals.
The planner can give you advice on financial planning, risk management, investment planning, tax planning, retirement planning and estate planning. Estate.A financial planner can be paid in various ways. Ask your planner how his pay is established.Insurance AdvisorAn insurance advisor is trained to advise on insurance products and to sell such products.
In this sense, it must be registered with the relevant regulator. He may specialize in certain products, such as property insurance or life insurance, or he may sell a variety of insurance products. He may also be authorized to sell investment products.The insurance advisor is usually paid by the company whose products he sells. He gets paid every time he sells insurance.
If you decide to take out insurance, the cost of the counselor’s services is incorporated into your insurance premium.POINT TO REMEMBERAnyone who sells securities or advises on investments must be registered with securitiesunless it benefits from an exemption. You can check if your advisor is registered with the Ontario Securities Commission or the Canadian Securities Administrators.