<p><span>The Ontario Securities Commission (OSC) today announced the membership of its Seniors Expert Advisory Committee (SEAC) for the 2021-2022 term.</span></p>
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James Langton
Just over a third of do-it-yourself (DIY) investors say they use discount brokers because advice is too expensive, according to new research from the Ontario Securities Commission’s (OSC) Investor Office.
The regulator published a report, based on an online survey of 2,000 DIY investors and carried out by Leger between Nov. 16 and Dec. 6, 2020, which found that 34% of respondents said they invested directly because advice was too expensive.
The survey also found that 18% said they don’t trust advisors, 15% worried that an advisor would lose their money, 12% didn’t value advice, and 11% cited a prior bad experience (respondents could give more than one reason).