We cannot tell you which is the right option for you but we can provide information to help you make your choice.
A direct investing account, or discount broker account, is provided by a registered investment dealer firm, and usually does not provide an advisor to help you choose your investments.
In order to use a direct investing account effectively, you must have a good idea about your personal investing plan. You should have time to monitor and manage your investments and research your investments regularly. If you are purchasing mutual funds, understand how Fund Facts work and also how fees and compensation affect your investments.
If you are not sure whether you will be able to manage your investments regularly and effectively, you may wish to work with an advisor. Here are 3 reasons to work with an advisor. If you decide to use an advisor, understand what to expect. Before you work with an advisor, visit CheckBeforeYouInvest.ca to learn how to check their registration.