Financial Advice Red Flags

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7 Red flags the financial advice you’re receiving is not in your best interest

Rounding it up

  • How can you tell if you’re working with a dubious financial professional? Check out their offerings and advertisement claims; if they’re too good to be true, that’s a red flag.

  • If the financial professional is glossing over paperwork, urging you to make an immediate decision, disparaging their competitors, or have no certifications to show, it’s time to walk out.

  • Be wary if there’s more than one advisor in your meeting; it could be a sales pressure tactic.

  • If you see any of these red flags, consider seeking a second opinion from an accredited non-profit counselling organization, like Credit Counselling Society.

4 min read

Stacy Yanchuk Oleksy
#financial advisor#finances#red flags#financial advice

Stacy Yanchuk Oleksy

Stacy is a Certified Educator in Personal Finance, a Coach and the Director of Education and Community Awareness at the Credit Counselling Society. She is passionate about financial wellbeing.

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