A 3600 view
The advisors’ objective is to provide a bigpicture view of the complete financial situation of investors, including:
- Their financial and life goals
- Their financial portrait
- Their investor profile
Planning for life Factoring in all this information, advisors can create a personalized financial plan. In fact, they can significantly change the evolution of investors’ savings. According to this study1:
|Investors who benefit from financial advice accumulate
3.9 x more assets
after 15 years than those who have not been advised.
|The positive effects of working with an advisor are measurable by the
In addition, partnering with a trusted advisor allows investors to update their plan through life changes, such as the birth of a child, property acquisition, a marital status or job change. The advisor can also help their family.
Advisors help investors define the investment mix adapted to their goals, time frame, personal situation and risk tolerance:
When markets are volatile, it’s normal for investors to worry about the impact of fluctuations on their investments. During these challenging times, advisors have the expertise to:
- Avoid hasty decisions and stay the course: investors driven by their emotions risk selling assets at a low price, resulting in underperformance over time.
- Put economic headlines in perspective: turbulent episodes only last a while—sooner or later, markets will start to rise again.
Moreover, these financial professionals can help investors maintain their investment discipline, a key factor in the growth of their wealth.
Several advisors partner with other professionals, such as CPAs, estate planning attorneys, legal experts, insurance brokers or tax specialists.
By favouring a holistic wealth management approach, they can better coordinate investors’ financial plans and needs. They also offer a level of service that digital investment platforms can’t replicate.
“Price is what you pay. Value is what you get.”
Warren Buffett, U.S. investor, billionaire and financial guru
When it comes to advice, investors can draw inspiration from Warren Buffet’s famous quote. The fees they pay to benefit from expert advice are an investment in their future to achieve their long-term goals. They help investors grow their wealth and get peace of mind regardless of market conditions.