Advertisements do tend to slow down performance.
Which browser do you use? For most, I would recommend uBlock Origin.
I use uBlock Origin (Chrome, Opera, Firefox) -- not the variant uBlock+ -- and Privacy Badger (Chrome, Opera, Firefox). I find it will often speed up performance on many websites, although I will usually whitelist sites I visit often as long as they aren't too ad-heavy and script-infested
Edit: Ninja'd.
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I use Adblock Plus on Firefox (Windows). I don't know if there is anything better, since I've been using this since back when Firefox was called Firebird. I think that it's less the ad blocker that speeds up my browser and more the settings that I use that block scripts and flash and stuff like that unless I give permission to use them.
Same as Redelia, haven't had any problems.
Thirded
I'm old-school, so I use Firefox with NoScript (no JavaScript I don't explicitly allow) and FlashBlock (don't play Flash. Ever.). It makes web sites much faster, but as you start whitelisting stuff some sites (I'm looking at you, Yahoo!) let advertisers use their script hosts, so I've just stopped going to Yahoo!. No big loss.
Firefox with no auto-running video and Flash disabled and a hosts file that blocks all the major click-advertisers. Everything is very much faster this way. None of this is added software, just Firefox options and the hosts text file which short-circuits the ads.