Get ready to meet with a TD advisor
Thinking of turning to a TD advisor for guidance and advice about your finances? Here are a few things to think about before booking a meeting:
What is a TD advisor?
A TD advisor helps their clients with decisions around money matters, personal finances, and investments.
Do you need a TD advisor?
These days, you can access a lot of information about saving and investing online. There’s a lot you can do on your own. But that takes time – and confidence – which you may or may not have yet. And that’s okay.
What documents do you need before meeting a TD advisor?
It's a good idea to gather up and review relevant financial documents before your appointment with your TD advisor.
Documents to gather and bring with you may include:
- Personal tax information
- Mortgage statements
- Health and/or insurance group benefits
- Mutual funds statements
- TFSA and/or RSP statements
- RESP statements
- Insurance policies
- A copy of your household budget if you have one
Prepare a list of questions to ask a TD advisor.
In most cases, a TD advisor will lead the meeting and ask questions to get a better understanding of your current needs and personal goals. But it's important to bring a list of any questions you would like them to address.
Here are some questions you may want to consider asking depending on your situation:
- Does my current investment strategy still align with my personal goals?
- Based on my budget and monthly expenses, how much should I try to save as an emergency fund?
- If I'm thinking about a real estate purchase or sale, what is important for me to know right now?
- Am I using loans, credit cards or other lending products in the most optimal way for my needs?
- If my job, family, or other personal circumstances have changed, how can my banking change to meet any new needs?
And remember – there's no such thing as a silly question.
Be open to re-evaluating your financial goals and plans
While you may be comfortable with your current financial plan, as markets and your finances change, it’s important to be open to the idea that your plan may need to change. Having a flexible mindset and being open and honest with your TD advisor can help ensure that your financial concerns, both immediate and long-term, can get addressed through the creation of a financial plan that works for your specific circumstances.
Whether you're actively saving, managing changes in your expenses, or have had changes to your overall economic situation, there are a few things to consider when reviewing your financial goals.
Consider these six tips if you're looking to review your financial priorities.