Financial Advisor Ontario

If a person was to complete a business degree program in Ontario, is it possible to get into the profession immediately after graduation, or will that person have to have a junior role in a company/firm and work their way up the ladder? Is the mean salary for a person with a university degree significantly more than one with a college diploma in finance? And lastly, for current IAs and/or financial planners, is there a high turnover in the field? And are there any organizations to whom being affiliated with enhance the profession (other than CFP)?

Most financial service companies do not require a college degree, but it is preferred. Before starting they usually require you to hold the proper licenses. Also most firms start you with a salary, but are eventually paid via commissions. There is a high turnover since it takes a special individual. You have to be highly self motivated, a people person, not afraid to call people you do not know and not afraid to ask them personal questions, also sadly you need to be able to sell people.

2007-10-17 19:06:49 by gabrielle0803

Vince Valenti, President of Independent Planning Group Inc. gives advice to financial advisors about succession planning. www.joinipg.com

I'm just 18 and trying to save my family from complete destitution. I asked for help before, and everyone says, "Get a financial advisor." Kind of hard to do without finances, isn't it?
We're struggling just to eat, and I'm seriously considering mugging to help make ends meet. That's my last option, but no other options seem to be making themselves available. My mom needs therapy for anger and alcoholism, which only exacerbate our other problems as she struggles with the blend of antagonism.
Please help me out here. I'm truly desperate, and will do anything it takes to help my family. Besides, I simply can't do schoolwork in this atmosphere, n'or concentrate when I'm in school, because I'm so fixated on what I know truly matters. If anyone can refer me to a social program in effect in Ontario, or some sort of benefit? Something that might allow us access to a pro-bono advisor? I don't really know, to be honest, and that's the only reason I'm writing here. We can't do this much longer.

I applaud you for trying to continue your education in this environment, and try to get help for your family.

There are a few contacts I know of off the top of my head.
Call social services... depending on the income for your family, you could probably get some sort of financial assistance. That will be in the phone book in the government pages.

Catholic Credit Counselling is an agency to help people sort out their finances... I often dont know why its called "Catholic" as religion has no part of the assistance they provide. I'm sure they have an office in your city.

Talk to staff in your local hospital / emergency department... go to talk to a ward or registration clerk (Dont register as a patient.. just tell them you're looking for outreach or assistance providers... ER's have big lists of outreach / assistance numbers.

I found this link with community listings for Kingston.. I hope it will be of use to you.
http://www.volunteerkingston.ca/images/p df/efsc0606.pdf

Good luck

2008-01-09 10:44:28 by Rey Gamberro Salvador

I am a stay at home mom, and I have an extra $75 a month I'd like to invest/ Actually, as long as the money is working and making money, I don't care if it's invested or where it is- as long as I get a return on it.
I live in Ontario, Canada. I'm interested in stocks, bonds, mutual funds, etc, BUT I don't know much about them. If I do invest, I'd like the investments to be ethical, environmentally investments. I was putting $ into a savings account every month, but then my bank manager told me it makes barely any intrest unless I have $5000 in there (yeah right!)...
I cannot afford to pay a broker or a financial advisor, and I'd like to invest thru my bank (CIBC).
If you can give me some pointers, I'd really appreciate it. As I said, I'd like to make the most money I can with only $75 a month. Thanks!!

If this is for long term (10+ years) investing, and since you don't know much about the subject, then stock mutual funds may be your best bet. Most mutual fund companies require an initial investment of at least $500 (many $2500). But if you can afford to have a minimum of $50 per month (each month until you reach their usual $2500 minimum) electronically transferred from you bank account to them, the T. Rowe Price family of mutual funds will let you invest with them. They have (in my opinion, and the opinion of many others) many fine funds to invest in. Go to www.troweprice.com for more information.

2007-12-12 05:27:53 by melaniecampbell

Good Morning all!
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Thanks chillyone for the help this sleepy morning!
crazyh do you ever come down for sauf speil? it's tomorrow.

Who's next with the birthday month? beecher has a long time to wait!
Beecher thanks for the laugh you gave us all. To bad no one was filming grandpa bowling. Would have made a great funniest video! Do you think he might listen to you and others now?
yes when I feel very lazy I just type the abc, did that few weeks back on a Saturday or Sunday.
starts at 12:30 starting at the jr high going to Johnsburg from Church around back to spring grove and ending back were they started.

Thanks Everyone!!!

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2008-09-06 04:56:10 by Davida H

I recently applied for OSAP and after getting back from vacation, I checked the status to see that they have declined me. Their reason for the decline was 'You have adequate resources to cover all educational costs' However there is something wrong.

I am unemployed as I am on Ontario Disability and CPP-Disability. This is my only source of income. In total it barely equals $1000/month. $600 of it goes towards rent and the rest goes to living necessities and food. Needless to say I don't have the money to pay for college and is why I applied for OSAP.

Now I have to wait till Monday to contact my Financial Aid Advisor but I want to know if there is a chance of appealing OSAP's decision and best way of going about it.

Yes, you can appeal -- once. so you need to make it good.

OSAP takes into account the following:
1. your income -- if you are ODSP you want to send a letter stating that you only want OSAP to cover tuition, books and transportation (and child-care if you have children). That way you do not get cut off ODSP and you can keep your medical coverage because if you are a single person you will not get as much as you are getting on ODSP for living.
2. your vehicle(s) - you can own or lease a vehicle with a value of up to $5,000 -- anything over that is considered an asset and will be deducted from your funding. You can ask for a review of this decision if you have modified your vehicle to accommodate a disability, sometimes if you need your vehicle to go to doctor's appointments where public transit is not available or not accessible to you, and a couple of other situations. You must provide a letter and supply proof of what you claim.
3. your savings - these are taken dollar for dollar from any funding that you might be eligible for - and if you reported savings and you don't have any you are going to find it hard to prove that you don't have any.
4. RRSPs - you can have a total of $2,000 per year for every year you are out of school. Anything over that is considered an asset.
5. anything else - not your home, but if you own a cottage or rental property, boats, trailers, airplanes

So you CAN ask for a review of your situation and your financial aid officer can help you with that. If you really want more info this weekend you can pm me but I'll need to ask you some really nosey questions to get an idea of your situation.

2009-07-09 08:42:53 by nightstrikergp