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Advocis recently partnered with the Investment Funds Institute of Canada (IFIC) to deliver new evidence on the value of financial advice. The research paper, “Econometric Models on the Value of Advice of a Financial Advisor,” demonstrates the causal link between the presence of financial advice and the accumulation of financial wealth.

Among the key findings:

  • Advice has a positive and significant impact on wealth accumulation
  • Advised households experience the beneficial effects of saving
  • Advice positively impacts retirement readiness
  • Advice positively impacts levels of trust, satisfaction and confidence in financial advisors

To download the executive summary of the survey, click here