Looking for long term financial planning advice
Apologies if I posted this on the wrong place.
I am looking for a bit of long term investing/planning advice. I would like to explain my situation a bit to give as much detail as possible.
I am married, 32 years old. I am self employed, with a gross income of approximately 110k/year depending on what contracts I take on. My wife just finished her master's and was hired by the the Ottawa school board as a substitute. I decided to pay all of her school costs myself without taking a loan, which didn't leave much room for saving all that much both before she started as well as during the last 2 years (all saving mostly directed to ensuring we can pay all school and associated costs mainly). My wife's income was neglible up until now. Before getting married though I was saving aggressively.
Now that she is done and will at least have some income (approximately 25-30k before taxes depending on how often she is called) and I no longer have to pay her school costs I am looking to get our finances back on track and also trying to figure out what to do with my previous savings.
My parents passed away young and I took the inheritance from their life insurance and invested with Edward Jones (based on some elder families recommendation). I left Canada for about 10 years for school and work and didn't really touch the account much. Obviously a lost opportunity, and I don't really feel like I've been getting any return. The fees were never really clearly explained to me particularly when I was younger. I am thinking of leaving them, but not really sure how. They are currently managing a number of bonds, my TFSA and my RRSP.
I would like to take my pre marriage savings and start adding to this portfolio. In addition, I would like to take around 30% of what I was paying for school costs annually and keep adding to my portfolio. Maybe get my wife started as well when she has some savings.
In the next 2 years, we would be looking to buy a house, probably around the 400-500k range if her income increases to 50k/year gross. We are currently renting a new place in Ottawa. We have no outstanding debt.
Should I be looking for a financial planner? Should I continue with Edward Jones or move elsewhere? And if so how do I go about this process? I am happy to discuss more specifics if required. Thank you!