Q – Does a person need a financial advisor for money invested in a RRIF or can it be done by her or himself? – A&N
A – You do not need a financial advisor to handle your RRIF if you feel comfortable making the investment decisions yourself. In that case, use a self-administered plan for maximum flexibility. However, if the amount of money involved is significant and you are not an experienced investor, you may wish to seek professional advice. – G.P.