Robots, results and reality
The rise of the robo-advisors has some people questioning the value of professional financial advice. Over time, the argument goes, the lower fees offered by these online alternatives make your money grow faster. It seems like a winning case. But is it right for you?
Robo-advisors sell funds and portfolios that have been created to address the needs of many people with similar goals. There is no personalization other than the fact you get to choose which investments you buy based on a small selection of investor profiles. Moreover, there is no way to know if what you are buying works well with all the other moving parts of your plan.
These are questions that are asked and answered when you work with a professional consultant. In fact, studies show that Canadians who work with an advisor and pay fees still see returns that are 3.9 times higher than people who manage their own money see over a 15-year period. Achieve your goals with investment solutions and comprehensive advice.
Your IG Consultant will take you through a sophisticated and in-depth investment planning interview to gain a thorough understanding of your personal investment goals, your investment time horizon, and your comfort level with risk and volatility.
Based on the outcomes of this process, your IG Consultant will then prepare your personalized Investment Plan, as well as written confirmation of our ongoing service commitment.
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Jeff Somers, BA, RRC, CFP works at Investors Group in Charlottetown. This column, written and published by Investors Group Financial Services Inc. and Investors Group Securities Inc. presents general information only and is not a solicitation to buy or sell any investments. Contact your own adviser for specific
advice about your circumstances.