Last week we blogged about the video Informed Investing: Investment Fees, that we launched on October 9 to supplement the Guide to Investing: How to be an Empowered Investor.

This week we are featuring the video Informed Investing: Using Registered Financial Advisor that discusses how to practice due diligence in researching a financial advisor or firm.

Prior to working with a financial advisor, you should investigate the individual’s qualifications and registration status.

The Canadian Securities Administrators (CSA) provides a National Registration Search database online where you can search an individual or firms registration status and find out what investment products they are qualified to sell.

You will find a wide, and potentially confusing, array of practitioners working in the financial service industry. Visit InvestRight’s Understand Titles and Designations page to get a breakdown on the different types of job titles and designations held by people, and what they mean.

If you have questions or concerns regarding an advisor or firm’s registration, please contact BCSC inquiries at 604-899-6854, toll free at 1-800-373-6393, or by email at [email protected].

Suggested Reading

Spot Investment Scams: Investment Seminars

CSA Investor Alert: Caution urged for those looking to invest in medical marijuana stocks

Pt. 2 Record-High Penalties: Kim, Castiglioni, and IFC

More Resources

Investor Alert: B.C. securities regulator cautions investors about investment pitches

December 22, 2008 The British Columbia Securities Commission  is publishing an Investment Caution List  to warn investors about unregistered companies that have contacted B.C. residents to open brokerage accounts, or buy unqualified investments that may not comply with securities laws. “The BCSC helps protect investors from unsuitable and potentially fraudulent investments through investor education and warnings,” said Brenda Leong, […]

Social Media and Investing

Social media tools such as Twitter, Facebook, and LinkedIn are accessible, interactive mediums where dialogue can take place and information shared. These tools can provide benefits for investors looking for information about investing, but it can also provide opportunities for fraudsters looking to promote an investment scheme. Using social media, fraudsters can contact many different […]