Posted by Jonathan Chevreau on Friday, October 14, 2011 | www.findependenceday.com
Unlike the United States, where fee-only financial planners are ubiquitous (See NAPFA’s site here), they are a rare breed in Canada.
In fact, according to one of them, Jason Heath of Markham-based EES Financial, there are only about 150 true fee-only financial planners in all of Canada. Compare that to 75,000 who sell financial products of some kind, or to the 25,000 who call themselves financial planners, or the 18,000 who are CFPs or Certified Financial Planners.
Jason was the second half of my presentation at the MoneyShow in September. As I noted in this blog then —here — I view fee-only financial planning as one of three key strategic components underlying what I call The Findependence Day Model: the other two being use of an online discount brokerage and making exchange-traded funds or ETFs the core of a portfolio. read full article