HoolisWealthLogo-Web

Did You Know That People Who Work With Financial Advisors Make More Money?

WFR-3-AdvisorsMAkeMoreMoney-B

It’s no secret that market volatility has many investors concerned about how to best protect their wealth. According to research commissioned by the Investment Funds Institute of Canada (IFIC), it’s also true that investors working with trusted financial advisors are better equipped to weather those fluctuations and come out ahead, regardless of income levels. Not surprisingly, this same research reveals investors working with financial advisors are more confident that they will be able to afford the retirement they’ve worked so hard to achieve.

The Numbers Tell the Story

IFIC’s The Value of Advice study from 2010, which is based on Ipsos Reid’s longitudinal database tracking Canadian financial attitudes and behaviors, polled 1,030 households working with an advisor and 1,371 households without an advisor in the years 2005 and 2009. The findings were telling: those with an advisor generally had more investable assets than their counterparts with no advisor. This was true regardless of income.

2-HouseholdAverageInvestableAssets-IFIC2010

What’s more, the study found that investors with an advisor felt twice as confident that they would have enough money to retire.

3-IFeelConfident-IFIC2010

Investors working with an advisor were more confident about their overall financial situation.

 4-MoreComfortableMoreConfident-IFIC2010

How To Know You Have The Right Advisor For You

The number one quality of an investment advisor is that they put you first. They are not worried about how they will get paid but instead are concerned about how your goals and objectives will be met.

You want to work with an advisor that follows and understands the markets. You don’t want someone that passes off the responsibility of your account to someone else (i.e. mutual fund or third party manager). This goes well beyond having the right credentials and certifications, although that knowledge and education is important. Your advisor should understand what is happening on Bay Street and Wall Street and be able to explain why the market is behaving as it is.

When you have a question and need clarification, your advisor should be there to provide answers.

Call Me or Email Me

I welcome you to call me at 416-332-3863 or email me at This email address is being protected from spambots. You need JavaScript enabled to view it. and let me help you become more confident with your financial planning!

 


Meet Allan Small

Recent Articles & News

Phone: 416 332 3863
Toll Free: 1 866 402 2641 x6602
Fax: 416 412 8046
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

LOGIN TO YOUR ACCOUNT

2075 Kennedy Road, 5th Floor
Scarborough, ON M1T 3V3
Google Map

26 Wellington East, Suite 900
Toronto, ON M5E 1S2
Google Map