Achieving financial independence is a goal many of us share. Whether you’re preparing for retirement, building long-term savings, or securing your family’s future, investing can be a powerful part of that journey.

But as recent events in Calgary have reminded us, scams can look incredibly convincing. One woman believed she was purchasing Guaranteed Investment Certificates (GICs) through a legitimate institution, only to later find out she had been scammed.

This is a reminder that due diligence matters. Not all investments are what they appear to be—and knowing what to look for can help protect your hard-earned savings.

✅ Smart Steps to Protect Your Investments

✔️ Verify Licensing
Make sure your financial professional is properly licensed.

• Insurance agents are licensed through their provincial insurance council
• Mutual fund representatives are regulated by CIRO (Canadian Investment Regulatory Organization)

You can look up your advisor’s license online via the appropriate regulatory body.

✔️ Ask Questions
A qualified advisor will clearly explain your options, including potential risks, fees, and how your money is invested. If you’re only offered one solution, ask for a comparison.

✔️ Trust Your Gut
If something doesn’t feel right, pause. Seeking a second opinion is always a smart move.

✔️ Understand the Fees & Flexibility
Ask:

• Are there redemption or transaction fees?
• Are funds locked in?
• What happens if your situation changes?

Transparency is key.

✔️ Never Send Money Directly to an Individual
Legitimate financial transactions go through financial institutions—not through personal bank accounts. This is a major red flag and a common tactic used in scams.

🚫 Common Red Flags to Watch Out For

✘ “Too Good to Be True” Returns
High returns with zero risk? That’s a classic red flag.

✘ Pressure to Act Quickly
Scammers often create urgency to get you to act without thinking. A reputable advisor gives you time to consider your choices.

✘ Sharing Sensitive Info Too Soon
Never share personal or banking info unless you’ve verified who you’re speaking with.

✘ Skipping the Fine Print
Take the time to review everything—understanding the details matters.

Stay Safe. Stay Informed.

While investing can play an important role in your financial strategy, protecting your money starts with asking the right questions and working with licensed, qualified professionals. When in doubt—pause, ask, and verify.

📩 If you’re ready to learn more or want help reviewing your current plan, let’s talk!

Disclaimer:

World Financial Group (WFG) is a financial services marketing company whose affiliates offer a broad array of financial products and services.
World Financial Group Insurance Agency of Canada Inc. (WFGIA) offers life insurance and segregated funds. WFG Securities Inc. offers mutual funds. WFG, WFGIA and WFGS are affiliated companies.
Headquarters: 5000 Yonge Street, Suite 800, Toronto, ON M2N 7E9. Phone: 416.225.2121

This material is intended for educational purposes only. It should not be considered tax or legal advice. Please consult your own qualified tax or legal professional for guidance tailored to your individual situation.