Satisfaction with self-directed brokerages has increased significantly, with the overall satisfaction score rising by 33 points to 631 in 2024,This trend suggests a growing approval of DIY investing in Canada, but that doesn’t necessarily mean it’s right for you. Let’s go over all the reasons why you would choose DIY investing or when you should go with a professional advisor.
The same IFIC report mentions that a significant portion of advised investors have less than $100,000 in investable assets. This goes to show that financial advice is accessible even to those with smaller portfolios.Deciding between DIY investing and hiring a professional advisor can be challenging for Canadians. It’s important to weigh the pros and cons of each approach to see what is best for you.
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