Top Mistakes to Avoid When Hiring a Financial Advisor in Mississauga
Choosing a financial advisor is one of the most important financial decisions you will make. The right advisor can help you build wealth, reduce financial stress, and plan confidently for retirement. The wrong one could cost you thousands in hidden fees, poor advice, or high-risk investments. To protect yourself, it’s important to understand the common mistakes people make when hiring a financial advisor in Mississauga —and how to avoid them. Mistake #1: Not Asking How the Advisor Gets Paid One of the biggest mistakes people make is failing to ask about compensation. Some advisors earn commissions from selling investment or insurance products—which may influence their recommendations. A fee only financial advisor Mississauga residents hire is paid only by the client, not by product companies. This ensures advice that is unbiased and always in your best interest. Mistake #2: Choosing an Advisor Without Transparency If an advisor cannot clearly explain fees, investment strategy, or how ...