DANIEL ENAYATZADEH FINANCIAL SECURITY ADVISOR
  • Home
  • About Me
  • Services Offered
  • Blog
  • Contact Me
  • Privacy Officer

​HOW TO AVOID BEING FINANCIALLY SWINDLED 

12/12/2016

0 Comments

 
Picture
By: Daniel Enayatzadeh

Financial fraud can present itself in many different ways. This article will focus on protecting yourself when dealing with a financial advisor. Before deciding to work with a financial advisor, it’s important to ensure that they are licenced to practice by the AMF (Autorité des Marchés Financiers). You can easily check yourself by searching their name on the AMF website here: http://www.lautorite.qc.ca/

Once you’ve decided to work with someone, do not be ashamed to ask as many questions as you’d like until you gain a strong understanding of the topic. Try and refrain from signing up to anything on the first appointment.

That being said, keep the following red flags in mind because they may indicate suspicious behaviour:
​
  • You're being asked to write a cheque to the advisor's name or to their company name instead of writing it to a recognized financial institution.
  • You’ve been told that this particular investment has been recommended or approved by the AMF or another government regulator. The AMF or others don’t endorse investment products.
  • You’ve been promised a guaranteed rate of return which is unusually high.
  • You’re being told that there is a deadline to invest into a particular product, that it’s a ‘’now or never’’ type of situation.
  • Your advisor becomes impatient or avoids answering important questions you have regarding the product you’re interested in.

If you’re suspicious and something does not feel right, call the AMF and discuss your concerns with them. Their mandate is to protect the public; you can reach them at 514-395-0337.

If you have questions, or would like to share an experience you’ve had, please include them in the comments below. 

Daniel Enayatzadeh is a Financial Security Advisor specializing in investment and insurance planning. He can be reached at 514-996-9400 or at [email protected] ​
0 Comments

WHAT YOU NEED TO KNOW BEFORE BUYING TRAVEL INSURANCE

12/5/2016

1 Comment

 
Picture
By: Daniel Enayatzadeh

Now that December has arrived, many of us are thinking of going on vacation! It’s important to remember that without travel insurance you may end up paying a large medical bill for even the smallest of medical emergencies. 

The following is a list of tips I’ve put together:
​
  • Check your credit cards or your group insurance at work to see if travel insurance is already included.
  • If your current insurance policy includes travel insurance, call your insurer to determine the maximum number of travel days included as part of your coverage.
  • Discuss the main coverage, limits and exclusions with your advisor. Particularly if you have a health condition.
  • If you have a current medical condition, inquire if your policy will cover your pre-existing condition.
  • Make sure to speak with your advisor if you have consulted a physician in the past 6 months, if your health is unstable or if your medication has been adjustment or changed.
  • If you are travelling as a family, inquire about family plans which are generally more affordable than buying individual plans.
  • Ask your advisor if adjusting the deductible will lower your cost.​
  • Be honest. Complete the application as honestly and as accurately as possible.

If you have other suggestions or questions, please include them in the comments below!

Daniel Enayatzadeh is a Financial Security Advisor specializing in investment and insurance planning. He can be reached at 514-996-9400 or at [email protected] ​

1 Comment

    Personal finance blog covering topics such as saving, budgeting, investing and insurance planning

    Archives

    August 2017
    July 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016

    Categories

    All
    Beginner
    Budgeting
    Disability Insurance
    Family
    Fraud Prevention
    Insurance
    Investing
    Life Insurance
    Real Estate
    Relationships
    RRIF
    RRSP
    Saving
    Travel Insurance

    RSS Feed