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A Canadian financial advisor added a tangible value of 3.85% to a client account in 2021 above the usual 1% fee.

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Toronto — Russell Investments Canada Limited (Russell Investments) has released its 7th year annual Advisor value The survey aims to quantify the broad role of advisors in providing comprehensive services to clients. The company’s 2022 analysis found that a full-service Canadian advisor offering comprehensive wealth management was value-added to the client’s portfolio at 3.85%.

“Our research shows that the gross profits of enthusiastic financial advisors are significantly higher than regular advisory fees,” he said. Blood Jung, Russell Investments North America Advisor and Head of Intermediate Solutions. “Based on our objective calculations, financial advisors who worked with clients to continue investing, prepare for an uncertain future and set post-pandemic goals are deeply committed to adding real value. You should feel satisfied. ”

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Russell Investments has developed an advisor value formula based on decades of research and experience to help advisors understand and communicate the full value of their services. Expression (A + B + C + T = Advisor value) Is reassessed annually to accurately quantify the specific benefits of working with advisors and readjusted in 2022 to reflect the industry’s march towards an overall family wealth plan. ..

According to this year’s goal formula, Canadian advisors added value to client accounts as follows:

  • A For Active rebalancing Of the investment portfolio. Added value: 0.20%
  • B For Behavioral guidance.. Added value: 1.93%
  • C For Customized client experience and family wealth planning.. Added value: 1.04%
  • T For Wise tax planning and investment.. Added value: 0.68%

Each of the four elements of the formula is described and quantified in the 2022 Value of Advisor survey available here.

“We believe in the value of financial advisers, and the numbers we get from our research consistently support this view,” he said. Sophie Antal-Gilbert, Russell Investments North America Advisor and Head of Portfolio and Business Consulting for Intermediate Solutions Business. “When we enter a post-pandemic world full of unknowns, financial advisors should be proud to help their clients survive the turbulent times and their value is clear.”

Antal-Gilbert added that the company’s annual survey hopes to help clarify that the value that dedicated advisors offer to clients goes far beyond investment selection and management. rice field.

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About Russell Investments Canada Limited

Russell Investments Canada Limited is a wholly owned subsidiary of Russell Investments Group, Ltd. Founded in 1985, Russell Investments Canada Limited is headquartered in Toronto.

About Russell Investments

Russell Investments is a world-leading investment solutions company that provides a wide range of investment capabilities to institutional, financial intermediaries and private investors around the world. Russell Investments builds on its 86-year history of continuous innovation, working daily to provide clients with outstanding value and improve their financial security. The company holds $ 407.5 billion in assets under management (as of March 31, 2022) for clients in 32 countries. Headquartered in Seattle, Washington, Russell Investments has offices in 19 cities around the world, including New York, London, Toronto, Tokyo and Shanghai.

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Important information

The content of this document is not intended to constitute legal, tax securities, investment advice, investment adequacy opinions, or solicitations of any kind. This is a publication of Russell Investments Canada Limited and is intended for informational purposes only. It will be available “as is”. Russell Investments Canada Limited makes no warranties or representations regarding the information.

Russell Investments is the business name for a group of companies under common control, including Russell Investments Canada Limited. Ownership of Russell Investments consists of a majority stake in a fund managed by TA Associates and a minority stake held by Leverance Capital Partners, Russell Investments management and a fund managed by Hamilton Lane Incorporated. ..

Frank Russell Company is the owner of all trademark rights related to the Russell Trademarks contained in this material and the Russell Trademarks licensed by members of the Russell Investments Group to use under license from the Frank Russell Company. Members of the Russell Investments Group have nothing to do with the Franco-Russell Company or any entity operating under the “FTSERUSSELL” brand.

Copyright © Russell Investments Canada Limited 2022. All rights reserved.

View the source version on businesswire.com: https://www.businesswire.com/news/home/20220518005294/en/

contact address

Steve Clayborn206-505-1858, newsroom @ russellinvestments.com


A Canadian financial advisor added a tangible value of 3.85% to a client account in 2021 above the usual 1% fee.

Source link A Canadian financial advisor added a tangible value of 3.85% to a client account in 2021 above the usual 1% fee.

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