What is a primary function of a licensed financial advisor regarding segregated funds and annuities?

A primary function of a licensed financial advisor concerning segregated funds and annuities is to provide guidance on suitable products. This role is critical as it involves assessing the individual financial situations, needs, and goals of clients to recommend appropriate investment strategies or products that align with their objectives.

Licensed financial advisors possess the expertise to understand the features, benefits, and risks associated with various financial products, including segregated funds and annuities. They evaluate clients' risk tolerance, time horizons, and overall financial plans to ensure the recommendations are tailored to each client’s unique situation. Providing this guidance helps clients make informed decisions about their investments, enhancing their financial well-being and helping them achieve their long-term financial goals.