Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    Choosing the Right Investment Advisor: An Essential Step on the Road to Financial Freedom
    Choosing the Right Investment Advisor: An Essential Step on the Road to Financial Freedom
    Choosing the Right Investment Advisor: An Essential Step on the Road to Financial Freedom
    Ebook95 pages34 minutes

    Choosing the Right Investment Advisor: An Essential Step on the Road to Financial Freedom

    By Carol A. Santamaura

    ()

    Read preview

    About this ebook

    If you met your investment advisor at a party or hired him because he coaches your sons hockey team, you may not have researched his credentials, ethics, and financial performance. Dont be afraid to correct the situation. If you are seeking to hire an investment advisor, either for the first time or to replace your current one, equip yourself with the knowledge you need to make the right choice.

    Author Carol A. Santamaura, an investment advisor, specializes in growing wealth for investors. The principles she shares in this guidebook focus on Canada but can be ap-plied anywhere. They include how to under-stand what kind of investor you are, avoid psychological pitfalls of investing, interview investment advisor candidates, and cultivate a successful relationship with your advisor.

    Take off your blinders so you can see past the charismatic salesperson with the convincing pitch. By balancing short- and long-term objectives and investing in an efficient manner, you can achieve your financial goals. It all starts with Choosing the Right Investment Advisor.

    LanguageEnglish
    PublisheriUniverse
    Release dateOct 26, 2011
    ISBN9781462052158
    Choosing the Right Investment Advisor: An Essential Step on the Road to Financial Freedom
    Author

    Carol A. Santamaura

    CAROL A. SANTAMAURA graduated from McGill University with a degree in economics. She has provided investment advice to high net worth clients since 1994 and is a vice president of a leading Canadian full-service brokerage firm. Her credentials include the Canadian Securities Course, Canadian Investment Manager, Registered Options Representative, and Portfolio Manager. She lives in Toronto.

    Related to Choosing the Right Investment Advisor

    Related ebooks

    Personal Finance For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      Consider Your Trustee Carefully: It Makes a Difference

      Oct 14, 2019

      You've made it to a place in your estate planning where it's been determined that setting up a trust will help accomplish the many goals you have for your family. You've done extensive research and worked with your adviser to select the type of tr

      2 min read

    • Article

      Investing As A Social Activity

      Sep 1, 2022

      Nobel Laureate Robert Schiller has referred to investing as ‘a social activity.’ Why is that, and do you agree with him? Yes, although ‘active investing’ is more prone to social influence than ‘passive investing.’ Passive investing is typified by a b

      6 min read

    • Article

      Sustainable Investing: Making Sense of the Trend That’s Here to Stay

      Jun 28, 2021

      Sustainable investing has been around for some time, but it is becoming more and more mainstream. The practice of investing your money in companies that adhere to certain principles or policies that align with your personal beliefs, whether it be ren

      2 min read

    • Article

      To Trust Or Not To Trust

      Aug 1, 2019

      To Trust Or Not To Trust
      6 min read

    • Article

      The 11 Reits In My Portfolio

      Aug 13, 2021

      I take the view that fears about the future of offices and retail are overdone – people will work from home more and many weak retail companies will go bust, but good-quality space will still remain in demand. Rents may drop in some cases, but Reit s

      2 min read

    • Article

      To Succeed at Investing, Do What Yale Does

      Jun 16, 2020

      The wealthiest and most successful investors in the world keep getting wealthier, not because they are lucky or privileged, but because they are playing a different game than the average investor. They do not rely on 401(k)s, average rates of return

      3 min read

    • Article

      Q & A

      Sep 1, 2022

      You have been called a trailblazer in the emerging field of ‘precision medicine’. How do you define that term? Precision medicine is becoming more commonplace and better defined. It’s a scientific approach to creating a personalized health action pla

      7 min read

    • Article

      5 Ways to Increase Your After-Tax Spendable Income - and Legacy

      May 16, 2019

      Over dinner with friends a few nights back, they expressed concern about how the recent tax law changes increased their federal income taxes. New rules limit the amount of property and state income taxes that can be deducted -- and they live in a hig

      5 min read

    • Article

      When Online Investing Turns Deadly: Lessons from a Robinhood Trader’s Suicide

      Jul 6, 2020

      As an advocate for young adults prudently beginning their investing journey as soon as possible, I’ve found it difficult to shake this recent story: A young man from Illinois took his own life less than 24 hours after checking his Robinhood account a

      4 min read

    • Article

      16 High-Yielding Monthly Dividend Payers

      Sep 7, 2018

      What income investor doesn't love the frequent payout and reliable cash flow that can come from owning monthly dividend stocks, trusts and other entities? The ability to offset predictable expenses such as mortgage payments and utility bills every mo

      13 min read

    • Article

      Seven Keys To Investing Successfully For Retirement

      Apr 24, 2021

      YOUR early working years can be hectic, with long days spent navigating a fast-changing world, and your partner, perhaps even a young family, placing multiple demands on you. How are you supposed to plan for the long term, choose an investment portfo

      2 min read

    • Article

      Invest Like A Pro

      Aug 8, 2019

      Invest Like A Pro
      2 min read

    • Article

      7 Best Value Stocks for the 'Great Rotation'

      Nov 12, 2020

      Investors have been waiting for value stocks to catch up to growth stocks for a decade now, and some think they're seeing signs of the long-awaited rotation from pricey stocks to cheap ones. Value stocks had a heady few days in the second week of Nov

      1 min read

    • Article

      Protect Your Retirement Income from Inflation

      Sep 2, 2022

      If you’re a retiree (or near retiree) who isn’t worried about inflation, you’re either fabulously wealthy or not paying attention. Even for super savers, inflation is retirement kryptonite. To keep up with rising costs, you may be forced to take larg

      12 min read

    • Article

      Investing

      Sep 1, 2021

      Investing
      1 min read

    • Article

      North east

      Feb 28, 2023

      North east
      4 min read

    • Article

      Trapped by Capital Gains? Opportunity Zone Funds Provide a Way Out

      Nov 29, 2019

      It's tough to think of a highly appreciated asset as the problem child in a portfolio. The goal is to choose investments that will flourish, after all. And those strong performers are typically the ones you love best and hold onto the longest. But t

      2 min read

    • Article

      GameStop: A Word of Warning

      Feb 12, 2021

      Here’s a little advice to those involved in buying GameStop shares from someone who spent many years working in the investment markets and has managed large portfolios: Congratulations on your success. Hedge fund managers and professional short selle

      3 min read

    • Article

      Cash In On Ecommerce Boom

      Nov 1, 2023

      The industrial and logistics property sector is shaping up as a strong investment option for real estate investors looking to diversify. While the values of other commercial property sectors - notably office and retail - fell in the year to June, pri

      4 min read

    • Article

      7 Dividend ETFs That Do It Differently

      Jul 30, 2018

      Investors rely on exchange-traded funds to give them instant diversification across a wide number of strategies: growth, value, sectors, geography ... and of course, dividends. Dividend ETFs such as the Vanguard Dividend Appreciation ETF (VIG) and Va

      7 min read

    • Article

      How to Profit From ETFs

      Jul 29, 2021

      Exchange-traded funds have never been hotter. Investors are pouring a record amount of money into ETFs, which hold baskets of securities like mutual funds do but trade like stocks. “It’s just explosive growth,” says Armando Senra, head of iShares Ame

      8 min read

    Related categories

    Reviews for Choosing the Right Investment Advisor

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      Choosing the Right Investment Advisor - Carol A. Santamaura

      Copyright © 2011 CAROL A. SANTAMAURA

      All rights reserved. No part of this book may be used or reproduced by any means, graphic, electronic, or mechanical, including photocopying, recording, taping or by any information storage retrieval system without the written permission of the publisher except in the case of brief quotations embodied in critical articles and reviews.

      The material in this publication is provided for informational purposes only. Given the evolving financial services landscape, regulatory requirements will change. This book is sold with the understanding that neither the publisher nor author is providing professional advice in this book—the content is intended to provide information and general guidelines only. It is always recommended that professional advice and support be obtained before acting on any information contained in this book.

      iUniverse books may be ordered through booksellers or by contacting:

      iUniverse

      1663 Liberty Drive

      Bloomington, IN 47403

      www.iuniverse.com

      1-800-Authors (1-800-288-4677)

      Because of the dynamic nature of the Internet, any Web addresses or links contained in this book may have changed since publication and may no longer be valid. The views expressed in this work are solely those of the author and do not necessarily reflect the views of the publisher, and the publisher hereby disclaims any responsibility for them.

      Any people depicted in stock imagery provided by Thinkstock are models, and such images are being used for illustrative purposes only.

      Certain stock imagery © Thinkstock.

      ISBN: 978-1-4620-5214-1 (sc)

      ISBN: 978-1-4620-5216-5 (hc)

      ISBN: 978-1-4620-5215-8 (e)

      Printed in the United States of America

      iUniverse rev. date: 10/21/2011

      Contents

      INTRODUCTION

      CHAPTER 1

      What Kind of Advice Do You Need?

      CHAPTER 2

      Psychology 101:

      What Kind of Investor Are You?

      CHAPTER 3

      Understanding Risk

      CHAPTER 4

      Psychological Pitfalls to Investing

      CHAPTER 5

      Interviewing Candidates

      CHAPTER 6

      To Fee or Not to Fee: Understanding Costs

      CHAPTER 7

      How to Evaluate Performance

      CHAPTER 8

      Making It Work: Forming Realistic Expectations

      CHAPTER 9

      Keys to a Successful Relationship

      CHAPTER 10

      The Financial Services Industry in Canada

      CHAPTER 11

      Advisor Credentials and Designations

      CONCLUSION

      GLOSSARY

      AUTHOR’S NOTE

      The principles outlined in Choosing the Right Investment Advisor: An Essential Step on the Road to Financial Freedom are directed primarily toward Canadian investors whenever referring to the banking system, regulators, and industry-related terminology.

      However, the general content, as it relates to due diligence and good judgment, is universal.

      To my clients: thank you for allowing me the privilege of earning your trust and confidence.

      Investigate before you invest.

      —attributed to Arthur Doyle Cobban (1895–1945)

      All of the author’s profits from the sale of this book will be donated to Princess Margaret Hospital, in honour of Jill Max.

      About Princess Margaret Hospital

      Toronto’s Princess Margaret Hospital and its research arm, the Ontario Cancer Institute, have achieved an international reputation as global leaders in the fight against cancer. Clinical and research staff at PMH represent many of the world’s leading experts, with specialties including surgical and radiation oncology. With each patient case, PMH combines state-of-the-art diagnosis and treatment with compassion and care. Our vision is to Conquer Cancer in Our Lifetime. For more information, please visit

      www.pmhf.ca.

      INTRODUCTION

      Choosing the right investment advisor to help you with your finances is not a decision to be made lightly. Along with your health, family, and work, your financial well-being is one of the most important aspects of your life.

      So, naturally, I am intrigued by the process used by individuals, families, and companies to select their advisors. Over the years, I have heard many investors discuss this topic. When I ask prospective clients and high–net worth investors how they selected their current advisors, I expect their answers to be based on the level of due diligence that a responsibility of this magnitude requires: quantitative criteria such as credentials, ethics, or returns. To my surprise, I am often answered with remarks like, I met him at a party or he coaches my son’s soccer team. One prospective client boasted that her advisor had been a professional athlete! On the other hand, I have met knowledgeable professionals over the years with sound investment management practices who have not succeeded in the industry. Investment management as a career can be highly lucrative. The more clients an advisor services and the more assets under his administration, the more money he makes. So how do you see past the charismatic salesman with

      Enjoying the preview?
      Page 1 of 1