The Scotia Global Asset Management Investor Sentiment Index, which measures investors' optimism based on the survey, spiked to 117 in November from 100 in May, and is even higher at 130 among those who have met with an advisor during that period relative to the total in May.
"COVID-19 has been challenging for Canadians on so many levels, and it is easy to be swayed by negative news events. These results are testament to the critical role financial advisors play in buoying their clients' confidence – even during a pandemic – and providing the reassurance and peace of mind they need to stay invested to meet their long-term financial goals," says
As many as 82% of Canadian investors who met with their advisor in the past six months say their advisor has made them feel confident about their investments, according to the survey. In comparison, only 56% of those who did not meet with their advisor during that period felt confident.
80% of those surveyed who met with their advisor during that period agreed their advisor keeps them on track to meet their financial goals, regardless of what is going on in the markets.
The survey also finds that among those who met with their advisor in the past six months:
- 85% are satisfied with how their advisor has handled their investments
- 85% are satisfied with how their advisor has communicated with them
- 85% find recommendations by an advisor important when choosing an investment product
- 90% are very or somewhat confident in their ability to fund their retirement
"Our core purpose at Scotia Global Asset Management is to enrich our clients' financial futures with outstanding investment solutions in partnership with comprehensive wealth advice," says
About the
The Scotia Global Asset Management Investor Sentiment survey was conducted by
About Scotia Global Asset Management
Scotia Global Asset Management is a business name used by 1832
About Scotiabank
Scotiabank is a leading bank in the
SOURCE Scotiabank
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