"The rules of the game change, the relationships change, but it doesn't meant you have to change your adviser," Lovett-Reid
said.

If you do want to get another adviser, Lovett-Reid recommends looking for referrals from other professionals.

Investors should feel comfortable with the person giving them advice and the company where they work, she said. They also
shouldn't be afraid to ask how the adviser is compensated and exactly where the money is being invested, as well as any fees
associated with investment funds.

Lovett-Reid said investors should also be clear about how often they want to hear from their adviser, whether it's monthly,
quarterly, or annually.

That said, a good adviser shouldn't only check in with you at scheduled intervals, said Eric Kirzner, a finance professor
at the University of Toronto's Rotman School of Management.

"Any time the portfolio drifts substantially from your target, the adviser should call you," said Kirzner.

"Why wait for some arbitrary time period if there is some real change in the structure of the portfolio because of market
forces?"

Kirzner said a good adviser is also someone who has been talking to their clients and assessing whether they are comfortable
with their current asset allocation.

"You would expect a good adviser to take a proactive approach," he said.

The adviser shouldn't be expected to predict the direction of the market, but instead be able to work with clients to help
them meet their investment goals, he said.

Another issue to watch out for is if an adviser is trying to sell products that don't match their clients' needs.

"Does it sound like something that is really good for (the client), or is it something that the brokerage firm is trying
to unload?" Kirzner said.

Overall, he said a good adviser doesn't panic, or take the "ostrich-in-the-sand approach," but is "on the ball" and works
with the clients.

"Everybody looks good in good market conditions, the test is a market like today," Kirzner said.