Should there be a fiduciary standard for advisors? Absolutely.
Some tips for parents who want to teach their children about finances.
Jim Virtue, president of PPI Solutions Inc, has been appointed chair of the Institute for Advanced Financial Education (IAFE) for 2013. “I am both honoured and excited to assume the role of chair for 2013,” says Virtue. “The previous board of trustees has done an excellent job in preparing the institute for dramatic growth in […]
Canadian investors need to take a more proactive approach to their financial futures, says the Canadian Securities Institute (CSI). And working with advisors is one way to do this. Read: Help clients calculate rates of return Here are four tips for clients, so they know what to expect from you. 1. Make sure personalities mesh […]
The majority of Canadians (72%) say today’s generation of young adults face more financial challenges than past generations.
In support of Financial Literacy month, Investment Industry Regulatory Organization of Canada (IIROC) is encouraging investors to use its online educational tool, IIROC AdvisorReport. It helps them make informed choices when working with advisors. Each report provides information about an advisor’s educational qualifications, employment history with IIROC-regulated firms, the services and products he or she […]
It’s natural for parents to worry. And, if they’re rich, they’re probably concerned about spoiling their children.
No one likes to lose money. But if you make a bad financial decision, it can set you back a hefty penny or two. In the U.S., for example, the average mistake costs $23,000, reports MoneyWatch. While investing isn’t foolproof, there are some steps you can take to avoid potential losses. Read: Mind those mistakes […]
As the financial advice industry evolves towards the adoption of strategic, goal-oriented advice models, employers and investors are expecting more of financial advisors, according to a Canadian Securities Institute (CSI) research. The study, that polled a cross-section of financial services professionals and opinion leaders, found that in an environment of lower risk tolerance, the rising […]
Most Canadians think they’re smarter than their peers when it comes to financial knowledge. In fact, 70% describe their own financial smarts as “excellent/good,” while only 30% feel the same about their neighbours, finds an RBC survey. Read: Kids financial literacy? There’s an app for that Despite their own confidence, 64% believe financial literacy is […]