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According to the Public Health Agency of Canada, coronavirus disease 2019 (COVID-19) is caused by a type of coronavirus that can spread from person to person and cause respiratory illness.
The majority of patients with COVID-19 experience mild to moderate respiratory illness with the following symptoms:
Some patients, including the elderly and those with compromised immune systems or underlying health conditions are considered to be at a higher risk of developing severe illness.
If you suspect that you’re sick with COVID-19, follow the steps below to help prevent the disease from spreading to people in your home and community.
Do not go outside your home, except for getting medical care. Make sure to call ahead prior to seeking care.
Do not go to work, school or public areas outside of medical facilities.
Avoid using public transportation, ride-sharing or taxis.
If you have COVID-19, you should self-isolate for as long as your doctor recommends.
The vast majority of cases of COVID-19 are mild and can be treated at home by getting enough fluids and rest, and taking any prescribed medication.
If your symptoms worsen or you experience any shortness of breath, call your doctor immediately. They may recommend that you seek further treatment.
If you’re sick, you need to practice good hygiene, which includes:
COVID-19 can spread through close human-to-human contact. As such, if a loved one in your home is sick with COVID-19, public health officials are asking that you self-quarantine as well, unless you need medical treatment. In addition, you should:
The COVID-19 pandemic is something that you should take very seriously. By following the guidance provided by public health officials, you can do your part to minimize further spread of the disease while still obtaining necessary medical care.
Financial advising involves providing guidance and advice to individuals, families, or businesses to help them make informed decisions about their financial matters. This can include various aspects such as investment planning, retirement planning, tax planning, estate planning, and more. Financial advisors analyze their clients' financial situations, goals, and risk tolerance to create customized strategies that align with their objectives.
Financial planning is crucial for several reasons:
Goal Achievement: It helps individuals set and achieve financial goals, whether they are short-term, such as buying a home, or long-term, like funding a comfortable retirement.
Risk Management: Financial planning addresses risks by considering insurance, emergency funds, and other protective measures.
Budgeting and Saving: It promotes responsible money management through budgeting and saving, fostering financial stability.
Wealth Building: Effective financial planning can lead to wealth accumulation and the creation of a secure financial future.
Yes, financial advisors can help with debt management. They can assess your overall financial situation, create a budget, and develop strategies to pay down debt efficiently. They may also negotiate with creditors on your behalf, provide debt consolidation recommendations, and offer guidance on prioritizing and managing debt repayment.
The specific responsibilities of a financial advisor can vary, but generally, they:
The fees charged by financial advisors can vary widely based on factors such as the advisor's experience, the services provided, and the region.
Common fee structures include:
Hourly Fees: Advisors charge an hourly rate for their services.
Flat or Fixed Fees: A set fee is charged for specific services or a comprehensive financial plan.
Asset-based Fees: Fees are a percentage of the assets under management (AUM).
Commission-based Fees: Advisors earn commissions on financial products they sell.
Combination of Fees: Advisors may use a combination of the above fee structures.
It's important to discuss and clarify fee arrangements with a potential financial advisor before engaging in their services.