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Inflation and supply chain issues negatively impacted business owners’ retirement plans in the last 12 months, forcing many to seek advice from a financial advisor. More than eight in 10 reported working with an advisor and two-thirds made changes to their retirement plans, in a new survey from TD Wealth of more than 700 business owners.

“In a time where investors have a greater say in what they invest in, how they invest and who they invest with, financial advisors need to showcase their value,” says Alyson Klug, head of U.S. Wealth National Sales for TD Bank. “Despite the rise of automatic investing platforms, our survey shows that investors still find new investment vehicle recommendations from their advisor to be a commodity.

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