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Kamal Lidder Shares 7 Tips for Effective Communication with Your Wealth Advisor

Kamal Lidder is a seasoned investment advisor with over 18 years of experience in the financial services industry. He has worked with BMO Financial Group, and Nesbitt Burns, and currently works with CG Wealth Management, an independent firm offering wealth management solutions to professionals, entrepreneurs, retirees, local government, and philanthropic entities.

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Kamal Lidder Shares 7 Tips for Effective Communication with Your Wealth Advisor

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  1. KAMAL LIDDER SHARES 7 TIPS FOR EFFECTIVE COMMUNICATION WITH YOUR WEALTH ADVISOR

  2. INTRODUCTION Kamal Lidder is a seasoned investment advisor with over 18 years of experience in the financial services industry. He has worked with BMO Financial Group, Nesbitt Burns, and currently works with CG Wealth Management, an independent firm offering wealth management solutions to professionals, entrepreneurs, retirees, local government, and philanthropic entities.

  3. Be clear about your financial goals Before meeting with your wealth advisor, it is important to be clear about your financial goals. This includes short-term and long-term goals, as well as any concerns or questions you may have. By being clear about your goals, your wealth advisor can provide tailored advice and solutions that align with your objectives.

  4. COMMUNICATE REGULARLY • Regular communication with your wealth advisor is key to ensuring that your financial plan remains on track. This includes scheduling regular meetings to review your portfolio and discuss any changes in your financial situation or goals. Additionally, it is important to communicate any major life events that may impact your financial plan, such as a new job, marriage, or the birth of a child.

  5. ASK QUESTIONS • Don't be afraid to ask questions. Your wealth advisor is there to help you navigate the complex world of finance, and it is important to understand the advice and recommendations they provide. If you don't understand something, ask for clarification. 3 3 2

  6. Be honest • Honesty is crucial when working with a wealth advisor. It is important to be upfront about your financial situation, including any debts or financial challenges you may be facing. This allows your wealth advisor to provide tailored advice and solutions that address your specific needs. 2

  7. Understand the risks • Investing involves risks, and it is important to understand the risks associated with your portfolio. Your wealth advisor can help you understand the risks and rewards of different investment strategies, but it is ultimately up to you to make informed decisions about your investments.

  8. Keep an open mind • Your wealth advisor may recommend investment strategies or solutions that you may not have considered before. It is important to keep an open mind and consider their recommendations carefully. While you may ultimately decide to go in a different direction, it is important to consider all options before making a decision.

  9. Review your portfolio regularly • Finally, it is important to review your portfolio regularly to ensure that it remains aligned with your financial goals. This includes reviewing your asset allocation, risk tolerance, and investment performance. By reviewing your portfolio regularly, you can make informed decisions about your investments and ensure that your financial plan remains on track.

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