Some things to know before meeting with a financial advisor

Based on the TD Newsroom article published July 14, 2020


It's fairly common to experience changes in your financial circumstances.

Whether they’re things within your control, or things outside of your control - these up's and down's can influence your savings and investments goals. That’s why it’s a good practice to take time every few months, or after major economic events, to re-examine your budget and financial goals. For many, having a discussion with a financial advisor to better understand their current financial situation, and to asses, or reassess, short- and long-term goals can be helpful to decide how to move forward.

Here are a few things to prepare before booking your next meeting with a financial advisor to help you get the most out of that meeting.

Gather and review your financial documents before meeting with an advisor

It's a good idea to gather up relevant financial documents before your appointment with your financial advisor, but it's also helpful to take some time to review those documents, as well as the status of your investments, before your appointment, according to Alex Hebert-Ben Dhaou, a TD Financial Advisor based in Montreal, Quebec.

If it’s applicable to you and your situation, you'll want to prepare documentation from your accounts and bring these with you to your next financial advisor meeting.

Some documents to gather and bring to with you include:

  • personal tax information
  • mortgage statements
  • health and/or insurance group benefits
  • mutual funds statements
  • TFSA and/or RRSP statements
  • RESP statements
  • insurance policies
  • a copy of your household budget, if you have one

Prepare a list of questions to ask a financial advisor

In most cases, a financial 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?
  • What type of investment products would be appropriate based on my goals, my investment time frame, and my investment knowledge and risk appetite?
  • When it comes to market activity, what should I be watching for as the year unfolds?
  • 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?

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 the markets and your finances change, it’s also 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 financial advisor can help ensure that your financial concerns, both immediate and long-term, can get addressed through creation of a financial plan that works for your specific circumstances.

This content discusses current topics of interest in a general and informational manner only and may not be appropriate in all circumstances. Please ensure that you seek advice personalized for your situation from the appropriate professional, consultant or subject matter expert on the topic of interest to you.



Share this article

Related articles

COVID-19 Financial Relief Offers

If you have been impacted by COVID-19, learn more about your options for financial relief.

COVID-19 TD Updates

View personal banking updates on COVID-19 and how we're ready to help.

Book an Appointment

Meet with us in person at the branch closest to you.
Back to top