Resources: Books & Helpful Links
The Beginner’s Guide to Saving & Investing for Canadians
This book is designed to help Canadians make better decisions about their money. We know there are already countless books and articles about saving and investing, but we believe this one is unique. For the first time, it brings together the collective experience of Canada’s foremost personal finance bloggers and online publishers, each of whom writes about his or her particular area of expertise.
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Flat Fee Based Financial Planner
Fee Based Financial Planner
A note on financial planners. Planners use a variety of titles and offer a variety of services. Here’s the terminology you should be aware of:
1) Planners -They sell investments, and receive a commission based on the sale.
2) Fee Based Planners -They sell investments, and charge a flat percentage of your investments (typically 1%).
3) Flat Fee Based Planners -They charge a flat fee for their services, based on their time and not on the value of your investments. They typically provide customized plans for consumers, including cash/flow budgeting plans or retirement/tax plans. They will provide investment guidance but don’t sell specific investments.