Download - The Value of Advice
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The value of adviceHousehold age
45 and under 65 and over46 – 54 55 – 64
no advice
Age of head of household (2009)
Ave
rage
inve
stab
le a
sset
s
$272, 761
$66,064$46,462$51,649$24,787
$246,752$140,155$79,074
3.2x 2.7x 5.3x 4.1x
with advice
Source: Ipsos Reid ‘Canadian Financial Monitor’, special analysis for IFIC, 2010
Household income
$35,000 – $54,999 $100,000 or more$55,000 – $69,999 $70,000 – $99,999
no advice
Household income (2009)
Ave
rage
inve
stab
le a
sset
s
$214,587
$138,358$44,103$29,119$27,104
$164,542$197,273$125,348
4.6x 6.8x 3.7x 1.6x
with advice
Source: Ipsos Reid ‘Canadian Financial Monitor’, special analysis for IFIC, 2010
National data shows that Canadians at any age and income level can benefit from having a financial advisor.