MONTREAL, QUEBEC — (Marketwire) — 07/19/11 — BMO Nesbitt Burns today released the results of a study which reveal that investors in Quebec are feeling confident (85 per cent) that they are managing their investments well. However, Quebecers are the least likely (44 per cent) in the country to have a financial plan, which can be a critical tool in helping identify and realize one-s financial goals.
“It-s great news that Quebecers have a strong sense of confidence when it comes to their investments. However, this confidence doesn-t mean that they don-t need a financial plan, which can be a critical component to investing success,” said Stuart Hinshelwood, Equity Specialist, BMO Nesbitt Burns. “A good knowledge of your investments and a written financial plan are essential to being able to achieve your financial goals.”
Quebec Regional Highlights:
The study, conducted by Leger Marketing, also revealed the following:
National Highlights:
One of the more concerning results of the study is that only a slim majority (51 per cent) of Canadians have a financial plan in place.
“Although creating a financial plan may seem like a difficult task to undertake, a financial professional can help,” said Mr. Hinshelwood. “They can work with you to define your goals, identify your risk tolerance and find the correct asset mix that-s right for you.”
Albertans are Canada-s “Savviest” Investors:
Albertans led the country in several general investing areas covered by the study, including:
The online survey was conducted by Leger Marketing from June 13 – June 16, 2011, with 1501 Canadian adults.
Contacts:
Media Contacts:
Sarah Bensadoun, Montreal
514-877-8224
Amanda Robinson, Toronto
416-867-3996
Laurie Grant, Vancouver
604-665-7596