For retirees who are in the decumulation phase (ie spending phase) of investing, which is far more complex than the accumulation phase because of the need to generate income and minimize taxes, a Fee Based adviser may be the answer.
In February 2018 Vanguard Canada launched all-in-one complete Balanced Portfolios that you can purchase by entering one ticker symbol.
Many Canadian Mutual Funds have a "series" of exactly the same funds for sale through discount online brokers, and at fees (Management Expense Ratio or MER) about a full 1 per cent lower than what they charge when the same fund is bought through banks or commissioned brokers or advisers.
From the New York Times, are five key pieces of investing advice from John Bogle that any investor can implement.
Blackrock's I Shares have just launched the second group of All-In-One Balanced ETFs in Canada. Vanguard was first with its Asset Allocation ETFs launched last February.