According to recently published research, in 2022, Canadian full-service advisors provided their clients with an average additional return of 3.90%. During this rather nerve-racking year for investors, input from an advisor showed itself to be especially useful in terms of managing emotions and behaviours.
The annual study, now in its eighth year, is carried out by Russell Investments. It shows that added value also comes from:
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a customized client approach;
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family wealth planning;
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effective tax advice; and
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active rebalancing of portfolios.
This study joins many others from recent years that have shown the benefits of advisory services when it comes to investing. So feel free to call on your own advisor to take advantage of this added value!
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The following sources were used to prepare this article:
Investment Executive, “Value of a Canadian financial advisor rose in 2022.”
Russell Investments, “Russell Investments' research: Canadian financial advisors added 3.9% in value to client accounts in 2022, exceeding the typical fee in a challenging year.”