Those who received comprehensive advice most optimistic
* Study eliminates net worth as an influencing variable
NIAGARA FALLS Ontario, June 15 (Reuters) - Canadians who receive comprehensive financial advice rate their emotional and financial well being higher -- often significantly so -- than those who do not receive advice, according to a study released on Tuesday.
The Value of Financial Planning Study, conducted by polling firm the Strategic Council on behalf of the Financial Planners Standards Council (FPSC), asked a series of questions online to 7,383 English-speaking Canadians between August 2009 Overall, the survey's results indicate that the benefits of financial planning are much more than simply the accumulation of wealth," said Cary List, president and chief executive of FPSC, when presenting the study at the Canadian Institute of Financial Planners annual conference.
"Those individuals who receive comprehensive, integrated planning have a significantly more optimistic outlook on their emotional and financial well-being compared to those who don't."and January 2010.
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http://www.reuters.com/article/idUSN1524415920100615
Reuters
June 15, 2010
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