Men more likely to verify financial advice

Men are more likely to do research on their own finances than women  Women are 11% less likely to conduct their own research to validate their financial advisor’s recommendations. Men are almost twice more likely to do their own finances without an advisor than women.

Canadians with financial advisors believe they are better off

Canadians that receive advice from an advisor or planner report being ahead of their financial expectations more frequently than those that receive guidance from a robo advisor or family member. According to the Financial Comfort Zone Study, Credo’s on-going survey of more than 38,000 Canadians, 51% of Canadians work with some type of financial professional….

Top 5 Reasons Canadians do not work with a financial advisor

According to the Financial Comfort Zone Study, Credo’s on-going survey of more than 38,000 Canadians, 51% of Canadians work with some type of financial professional. For the other 49% there are a variety of reasons for not having an advisor. Above, we identify the top 5 reasons: I don’t have enough money (43%) They cost…

Our friend and colleague Frank Hracs

It is with great sadness that we relay the news of the passing of our friend and colleague Frank Hracs, Credo’s Chief Economist. With more than 30 years of experience in Canada’s financial industry, Frank had a distinguished career having served in the past as Chief Economist for RBC Dominion Securities and Director of Currency…

Credo NPS+ Survey: Results for Raymond James

This report delivers recent statistics that tell how clients of Raymond James (a.k.a. “RayJay”) think and feel about how well they are being served by RayJay advisors.  Credo’s annual statistics are presented in the two tables below.  With 2018 only part-way complete, the statistics provided for 2018 are current projections for the year based on…

AGF’s Credibility

In a crowded marketplace, where advisors have a tremendous range of suppliers to choose from, a supplier’s credibility is absolutely central to its clients’ willingness to support it.  Credibility is based on truthfulness and dependability. When investment managers deliver on these dimensions, they can often maintain their place on an advisor’s product shelf.  When they…