Retirement Wealth with Planner & with Retirement Plan

Great article in Globe & Mail by Rob Carrick.

The media has been heavily anti-advice for years. The focus has been mainly on low fees, rarely mentioning that the fees pay for advice or attempting to evaluate the cost/benefit of advice.

Evidence shows this has been a disaster for Canadians. The comprehensive study by CIRANO shows that people with advisors have on average 4.2 times larger portfolios. ETFs are sometimes called “Extra Tiny Funds” because ETF portfolios are almost always tiny. 🙂

The majority of advisors, unfortunately, do not do proper financial planning. They mainly just sell investments. Another study “Making a Difference” showed that people with sales-focused advisors have nearly triple the investments of DIYers. But people with planning-focused advisors have more than 4 times larger portfolios.

The keys to financial success are to focus on:

– a quality financial plan, including a retirement plan.
– getting good financial advice.

Quality financial planning has direct, huge benefits. Don’t assume you are ahead by not paying for advice.




  1. Joe on July 23, 2016 at 3:27 AM

    Great article Ed. I’ve been reading your posts for years on other platforms. I didn’t know you started your own blog. Keep up the great work.


  2. Ed Rempel on July 26, 2016 at 8:26 PM

    Thanks, Joe. I’m glad you found my posts helpful.

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