VANCOUVER, Jan. 18 /CNW/ - B.C. investors have a new tool to help them work with their advisors to make informed investments with the expanded and updated InvestRight Guide to Investing: How to work with your investment advisor, released today by the B.C. Securities Commission.
The completely revised new guide targets two types of B.C. investors - those who invest with banks or investment firms, and those interested in private company investing. Interactive worksheets support each chapter, making it easy for investors to involve themselves with greater confidence in the investments they make.
"Our research shows that just under half of Canadians have a financial advisor and that those who do tend to take the advisor's word rather than doing their own homework," says BCSC Chair, Brenda Leong. "The purpose of the guide is to impress on investors the importance of really getting involved in their investing."
Written with B.C. investors in mind, but useful for investors everywhere, the new guide will help both newer and more experienced investors approach their advisor as a partner rather than an all-knowing authority. It is published in "e-book" format and can be downloaded for free from the BCSC's investor education website at www.investright.org.
The guide also provides step-by-step instructions for conducting background checks on advisors and firms using the Canadian Securities Administrators' (CSA) National Registration Search. This national database of individuals and firms registered to advise and trade in securities was introduced last October by the CSA as part of a complete overhaul of the Canadian securities industry registration regime.
The B.C. Securities Commission is the independent provincial government agency responsible for regulating trading in securities within the province. If you have questions about the InvestRight Guide to Investing, contact Brenda Lea Brown, 604-899-6554.
Learn how to avoid investment fraud at the BCSC's investor education website: www.investright.org.
SOURCE British Columbia Securities Commission
For further information: For further information: Brenda Lea Brown, (604) 899-6554 or (Canada) 1-800-373-6393