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  • What is an advisor in Canada?

    A financial advisor is a general term that can apply to anybody who helps you manage your money.
    This could include an employee of your financial institution, a stockbroker or an insurance agent.
    A financial planner is a type of advisor who helps you create a plan to reach your long-term financial goals.

  • Is it adviser or advisor?

    There is no difference between adviser and advisor besides spelling, and both are acceptable for someone who gives advice.
    Some people, though, feel that advisor is more formal.
    Advisor tends to be used for people having an official position—for example, an advisor to the president.

  • Advisor and adviser are different spellings of the same word.
    Both are considered acceptable spellings, though there is some regional variation.
    Adviser is the original and more commonly used spelling.

  • Are there fiduciaries in Canada?

    In Canada, are financial planners also fiduciary financial advisors? Financial planners can be fiduciaries, but not all of them are.
    This makes it important to clarify an advisor's role and to look for specific designations and certifications to determine if a financial planner is also a fiduciary.

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