Hit Refresh: Review Your Plan | Mackenzie Investments

Mackenzie Insight

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Hit Refresh: Review Your Plan

It's 2018, a new year and time for a refresh. Now is a good opportunity to talk to your financial advisor and review your financial plan.

Mackenzie Investments commissioned a 2017 Environics Research survey of Canadian investors to gain insights into their views on investing and advisory relationships. The research found that financial advisors can build relationships with clients by strengthening a customized experience. Canadians want an advisor who understands them and understands what they need in terms of investing and planning. Canadians also want their advisors to offer a wide range of targeted products and services including innovative products and products from Canadian companies. A healthy advisory relationship can produce significant value for investors. In fact, investors who worked with an advisor had 2.7 times the financial assets of investors without an advisor, according to research by the Montréal-based Center for Interuniversity Research and Analysis on Organizations.

When it comes to working with an advisor, here are more highlights of what Canadian investors told us:

  • 96% said a one-on-one meeting is their favourite way of getting investment information from advisors.
  • 55% of investors prefer to meet face-to-face with their advisors twice a year or more.
  • 33% said they would like to have contact with their advisor via email monthly or more often.
  • 52% of investors are interested in interacting with their advisors on social media.

Canadian investors had a straightforward perspective on how to work with an advisor: understand me, let’s keep in touch throughout the year and let’s meet a couple of times to talk business.

Canadians can contribute to the productivity of an advisor-client relationship. You can do this by participating in ongoing communication, helping set clear expectations and meeting with your advisor face-to-face.

With a new year upon us, consider meeting with your advisor to review your financial plan. Take a fresh look at your portfolio and talk about where you want to go in 2018.

Start the new year by talking to your financial advisor and building that relationship.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. 

The content of this document (including facts, views, opinions, recommendations, descriptions of or references to, products or securities) is not to be used or construed as investment advice, as an offer to sell or the solicitation of an offer to buy, or an endorsement, recommendation or sponsorship of any entity or security cited. Although we endeavour to ensure its accuracy and completeness, we assume no responsibility for any reliance upon it. 

This should not be construed to be legal or tax advice, as each client’s situation is different. Please consult your own legal and tax advisor.

Redemption of units or shares. At any time, you can redeem your mutual fund units or shares at the current net asset value (NAV) per unit/share. You can mail or directly deliver your redemption request (which must be in writing) to your financial advisor or Mackenzie. We may ask that your signature be guaranteed by a bank, trust company or a member of a recognized stock exchange, or be otherwise guaranteed to Mackenzie’s satisfaction along with any other documents that Mackenzie may reasonably require. If pre-approval has been obtained, you may phone in a redemption request up to a certain amount. If we do not receive all necessary documents within 10 days, your redemption request will be cancelled. Any loss is payable by you or your dealer. Payment for your units or shares will be made no later than two business days after receipt by Mackenzie of the completed sale documents.