When it comes to financial advice, trust is generally the most important factor that drives a decision on who to work with. As a result, financial advisors are often selected by clients through referrals from friends and associates.
After a turbulent start to the year in January where most major global markets saw a decline, we saw a reversal of sentiment in February. The S&P 500 Index, comprising of the 500 largest companies in the US, was up over 5% reaching its all-time highs, while the Canadian S&P/TSX Composite was up almost 4% during the month. Most other major global markets such as Japan and Germany closed the month in positive territory.