text: Funny thing. I sent my wife to the TD bank with a rather clear objective to invest her money in e-series funds which are very low-fee,  and the advisor tried to convince her to invest in a portfolio of funds where the fees were 7 times higher. Funny thing, their advice always seems to benefit themselves, eh? That advisor had an award on her desk, too.
  
  Another true story. A presumably certified mutual fund salesman at a major bank was trying to convince me that the MER only applied in the first year and never again. I tried to set him straight but he was adamant that he was right and I was wrong.
  
  So yes  if advisors actually provided good advice it might benefit their clients. If not, as in most of my experience, people are better off without them.