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IFIC Releases 2011 Report on the Value of Advice


The Investment Funds Institute of Canada (IFIC) has released its second report on the value of advice – The 2011 Value of Advice: Report (the 2011 Report) – providing additional quantitative evidence on the durable values that advice, and the relationship with an advisor, can mean for investors.


The 2011 Report answers the question of whether investors accumulated wealth before they sought out advice. We know that most investors first begin to work with an advisor with only modest amounts to invest– typically less than $25,000 – and at relatively young ages. The research shows that the use of advice is not limited only to wealthy individuals – most investors first seek advice in order to start investing and grow their assets.

“The mutual fund industry provides Canadians’ access to capital markets with even small amounts of investable assets,” says Joanne De Laurentiis (pictured), IFIC President and Chief Executive Officer. “With the valuable assistance of an advisor, those small amounts compounded over time can grow into a substantial investment portfolio.”

Findings are presented that quantify some of the yield advantages of advised portfolios, which, when compounded over a working lifetime, explain the sizeably larger investment portfolios of advised investors relative to non-advised investors.

Financial and investment advice is a key contributor to the financial health of Canadians and a cornerstone of our current retail financial market. The importance of preserving a healthy advice industry should not be overlooked as we consider public policy reforms affecting the financial sector.

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