The Value of a Financial Planner in 2026 and How to Avoid Costly Mistakes

Professional planning helps investors avoid costly tax and income timing mistakes. Learn why coordinated financial advice is more important than ever in the coming year.

As Canada moves into a new year, the investment world continues to open its doors to more people. Low-cost ETFs are widely available, online brokerages are simple to use, and financial information is everywhere. These tools create a sense that managing money independently is both practical and effective. While some investors can handle the basics when they are starting out, the picture changes as wealth grows, responsibilities increase, and decisions carry more weight.

As Wealth Grows, the Margin for Error Narrows

At Endeavour Wealth Management, many new clients come to us after spending years managing their own investments. They were comfortable choosing ETFs and maintaining a long-term approach. What often shifts over time is the understanding that as portfolios become larger, the margin for error narrows. A decision that once had a limited impact can produce far more serious consequences once meaningful assets are at stake.

Where Complexity Really Lives: Taxes, Timing, and Coordination

The complexity of planning is usually not found in the investment products themselves. It is found in taxes, timing, and the coordination of multiple moving parts. Questions like when to take CPP or OAS, how to structure RRSP withdrawals, how to avoid claw backs, or how to design a spousal plan require detailed analysis. A single decision taken in the wrong order or at the wrong time can create avoidable costs that far exceed the cost of advice. Opportunities for strategic planning often go unnoticed until they have already passed.

Identifying Risks Before They Become Problems

Professional planners help clients identify these risks before they become problems. They ensure withdrawals are structured properly, income is timed thoughtfully, and benefits are maximized. This coordination can protect investors from mistakes that are difficult to correct after the fact. The difference between a well-designed plan and a loosely connected DIY approach can be significant over the course of a full retirement.

Financial Planning Is Emotional, Not Just Technical

The emotional side of planning is equally important. Markets move unpredictably, interest rates adjust, and life events occur without warning. During these moments, many investors feel uncertain about their next step. Clients consistently tell us that having a planner gives them clarity during stressful periods and confidence in the decisions they make. A steady voice and a structured plan help prevent impulsive choices that can derail long-term goals.

Strengthening Decisions Without Giving Up Control

Working with a financial planner is not about giving up control. It is about strengthening your financial decisions and reducing the risk of costly errors. As more Canadians approach key milestones in the coming year, thoughtful planning has never been more valuable. Investing may be accessible, but building a coordinated financial strategy requires experience, perspective, and a clear understanding of how each decision affects the next. A trusted advisor helps ensure that every part of your plan works together and supports your future.

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This information has been prepared by Ryan Secord who is a Senior Investment Advisor for iA Private Wealth Inc. and does not necessarily reflect the opinion of iA Private Wealth. The information contained in this newsletter comes from sources we believe reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors. The Investment Advisor can open accounts only in the provinces in which they are registered.

iA Private Wealth Inc. is a member of the Canadian Investor Protection Fund and the Canadian Investment Regulatory Organization. iA Private Wealth is a trademark and business name under which iA Private Wealth Inc. operates.