Group Assignment #3

SCENARIO

You have now successfully finished your academic program requirements and graduated from George Brown College. Even better, you have found an employer who recognizes your talent. This connection has resulted in a new, good, full-time job in your chosen field. Now you are settling into your career and getting used to your new stage of life, the hard work and also the steady income.

But you are also discovering that your new career lifestyle is causing your expenses to increase (since you dont want to continue living like a student). So you have decided you need to develop a longer term financial plan to help manage daily expenses, plan for financing future purchases (buying a car and a condominium) and build financial security by starting to contribute money into TFSA and RRSP accounts.

As part of this process, you realize a need to identify and work with a professional financial advisor.

ANSWER EACH OF THE FOLLOWING THREE QUESTIONS:

1. Identify each step in the Consumer Decision-Making Process and explain why each step is important to your decision to find a financial advisor who is prepared to take you on as a client and help you prepare a personal financial plan?

2. How would you think that an advisor could help you at each step of the process?

3. Based on the FP Canada Competency Profile, identify what you believe are five (5) skills you are looking for in an advisor and why the five skills you identify are important to you.

q3 ??