What is the need for a personal financial planner? The valuable answer to this question is to get useful financial advice; however, you have to be careful that he does not work as an agent disguised for several large financial institutions.
A personal financial planner having a contract with a life insurance company (or other finance) only needs to sell financial products made by the company, regardless of whether or not it suits your needs. If you are looking for reliable financial planner in Ottawa, then you can check out various online sources.
But let's short long stories and concentrate on situations when they can be very useful:
When you are the inheritor of property: To simplify every complexity involved, there is nothing better than a personal financial planner.
When complicated financial products make it difficult for you to decide: Retirement planning, insurance, or umbrella liability policies don't make sense unless explained by an expert. It is important to have a personal financial when choosing financial products.
When you plan a wedding or divorce: When new life begins, it also marks the beginning of new responsibilities. The involvement of a personal financial planner can integrate all of your available finances into large amounts for easy management for better handling and understanding.
Buying/selling property: This transaction requires a series of big money decisions in a very small period of time; only specially trained people like personal financial planners can help you get out of such chaos.
Educational planning: It is difficult to only save and meet the increase in education costs; a personal financial planner can keep you in line with time.