Each generation, from Boomers to Gen X to Millennials, have specific attitudes towards money and saving influenced by when they grew up and the realities of their life stages. “Understanding what motivates your generation to save can help identify useful financial planning strategies for each stage of your life,” says John Tracy, senior vice president, […]
The vast majority of Canadian business owners say workers over the age of 65 offer valuable experience and expertise.
Where the next generation of advisors will come from has long been a source of worry for firms.
Many advisors want clients who’ve already amassed wealth. But for the longevity of your business and future growth, it’s important to spend time prospecting young clients.
Gen Y prospects want advisors to help them build wealth. Learn how to market to them.
Brandes Investment Partners is giving ten young Canadians $1,000 each for demonstrating their financial literacy smarts this summer. Read: Online challenge tests financial literacy The firm offers a post-secondary scholarship program, which runs a national contest each year. This time around, more than 3,500 students between the ages of 16 and 22 voluntarily participated via […]
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Gen Y has been characterized as difficult to work with and too dependent on technology. (The author of this post is a member of Gen Y and disagrees. She doesn't even have a smartphone.)
When it comes to managing their cash flow and finances, Gen Y has a lot to think about. Paying down student loans isn’t their only priority; saving for a home and the future also top the list of to-dos for young Canadians. A recent RBC poll finds the three most important financial priorities for Canadians […]
Boomers currently make up less of the workforce than ever before, with their promotion rates in the banking industry alone falling from 5% to 3% since 2006. One might think the current majority of Gen X employees are be filling that gap.