Financial resolution: the value of an advisor

Investing in the stock market can bring up a lot of emotions. When markets continue to climb, some investors may become over-confident and want to drastically increase their risk tolerance. Conversely, when markets drop, some may lose hope and feel the impulse to sell off their entire portfolio. In these types of situation, advice from a professional can be quite valuable. A study published by the Investment Funds Institute of Canada shows that a household that works with a financial advisor for 15 years or more generally has 173% more in assets than a household that doesn’t work with an advisor.