Ask the money expert, Manjit Lally from Envision Financial, a division of First West Credit Union

Like any advice or service you pay for, it all comes down to value. Some people have the investment expertise to go at it alone, while others highly value the advantages of working with a knowledgeable professional advisor.

Why should I be spending money on investment advice?

Like any advice or service you pay for, it all comes down to value. Some people have the investment expertise to go at it alone, while others highly value the advantages of working with a knowledgeable professional advisor. They like being presented with options to choose investment products in areas they might otherwise know little or nothing about. They value having a calming, rational voice and whole-picture insight when things aren’t going smoothly in the markets and they’re tempted to panic. They like having someone they can trust who will set them straight if they’re considering something that may impact their investments negatively. They enjoy having a second opinion to evaluate or validate courses of action they’ve already considered. They want someone helping them that continuously upgrades their education and stays on top of the latest trends. Like I said, when it comes to investment advice, always consider the value. If the value you’re receiving from your financial advisor seems elusive, you should definitely speak with them about it.