Why Might A Financial Planner Encourage You To Invest Your Money In Mutual Funds?

A financial advisor can play an important role at any stage of your investment journey. Here is a list of some of the supports an advisor can provide:

A wide variety of financial solutions for your investment portfolio based on your unique goals and risk tolerance.
Detailed, step-by-step financial planning that's tailored to your individual goals and situation, and can evolve with you as you move through different life stages.
Education and context to help you understand and gain confidence in your financial plan.
Guidance and support to instill good savings and investing habits and help you avoid common investing pitfalls.
Other services beyond managing your investments, such as estate and tax planning.

Canadians who work with an advisor have been more successful at building wealth and achieving their goals

Advisors have made a very tangible difference in the lives of Canadians from all backgrounds and levels of wealth. Most Canadian investors had under $25,000 to invest when they started to work with an advisor.

Research over a 15-year period shows investors who worked with an advisor have almost 4 times the assets of investors who didn't (see chart below).

Advised clients have greater net worth over time

advised clients have greater net worth over time diagram en

Source: The Gamma Factor and the value of Financial Advice, Claude Montmarquette, Natalie Viennot-Briot, 2016

Investment returns are important, but saving on a regular basis is equally important when it comes to reaching your financial goals. Many investors credit their advisor with helping them build better savings and investment habits. Read more now on how to keep your life – and savings – in balance.

Advised clients are more successful at saving

advisors helped savings diagram en

Source: Canadian Investors' Perceptions of Mutual Funds and the Mutual Fund Industry, Pollara 2019.

Canadians working with an advisor invested more of their assets in non-cash investments, meaning more of their assets are working for them. They also saved more for their future and benefitted from the growth potential of their higher allocation to non-cash investments. Read more now about five principles of successful investing.

Working with an advisor encourages savings and investing

advisors encourage savings diagram en

Source: The Gamma Factor and the value of Financial Advice, Claude Montmarquette, Natalie Viennot-Briot, 2016

Your advisor is your financial partner. They will answer your questions and help you understand how investing can help you achieve your goals. Their professional advice can play a vital role in giving you confidence in your plan and a positive sense of well-being with respect to your finances.

Working with an advisor encourages savings and investing

greater disciplined investors diagram en

Source: BlackRock Global Investor Pulse, 2019

Having a financial advisor can help you avoid costly investment mistakes. Contact a financial advisor today to find out how they can help you reach your financial goals.