Advice has a positive impact on financial assets.
IFIC’s analysis revealed that households that work with an advisor over the long term have more investable assets when the impact of other variables was removed. What’s more, this positive effect on assets is more pronounced the longer households receive advice.
RATIO OF ADVISED VS. NON-ADVISED CURRENT FINANCIAL ASSETS
The chart shows assets for households that received advice as a multiple of the assets of households that did not get advice.2
Savings discipline doubles with advice.
One of the most important traits in successful investors is the ability to stick to a plan. IFIC discovered that advised households were able to save at twice the rate of households that did not receive advice: 8.6% versus 4.3%.
Advice positively affects retirement readiness.
More than 56% of households that receive financial advice indicated (with a score of six or higher out of 10) that they were confident about having a comfortable retirement. Conversely, just over 40% of non-advised households felt the same way.
As an MD client, you experience first-hand the true value of advice.
For more than 45 years, physicians and their families have trusted MD to steward their finances. MD is part of the Canadian Medical Association, which allows us to focus exclusively on helping members achieve their financial goals. Our clients have entrusted us with more than $40 billion in total assets under administration.
Good guidance does matter—meet with an MD Advisor to review your investment goals and financial plan.