The Value of Advice

A study done for the Investment Fund Institute of Canada (IFIC) by the Center for Interuniversity Research and Analysis of Organizations(CIRANO) states the longer people receive financial advice, the more their investments can grow. This positive correlation is amplified the longer the relationship with their advisor lasts. See illustration below:

Source: IFIC, Advisor Insight, May 2017. 2Source: CIRANO, The Gamma Factor and the Value of Financial Advice. Claude Montmarquette, Nathalie Viennot-Briot, 2016.3Source: Pollara, Canadian Mutual Fund Investors’ Perceptions of Mutual Funds and Mutual Fund Industry, 2017. The information contained herein has been provided by TD Asset Management Inc. and is for information purposes only. The information has been drawn from sources believed to be reliable. Graphs and charts are used for illustrative purposes only and do not reflect future values or future performance of any investment. The information does not provide financial, legal, tax or investment advice. Particular investment, tax, or trading strategies should be evaluated relative to each individual’s objectives and risk tolerance. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus, which contains detailed investment information, before investing. Mutual funds are not guaranteed or insured, their values change frequently and past performance may not be repeated.