Half of Canadians get their financial advice from family and friends, with banks and social media following close behind. Find out more.
Almost half of the 1,200 Canadian adults surveyed have sought financial advice in the past 12 months. Half of them turned to family and friends, while 49 per cent went to their bank and 39 per cent visited social media sites.
Although going to your loved ones may be a natural starting point, it’s not the best place to look for financial advice, said David O’Leary, a chartered financial analyst and WealthRocket’s personal finance expert. “Unless your friends or family have a background in financial planning, it’s probably not a great place to be going for financial advice,” he said in a press release. “There are a lot of misunderstandings about how things actually work.”Saskatoon StarPhoenix Afternoon HeadlinesThere was an error, please provide a valid email address.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
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