Industry changes call for advisors to help clients meet life objectives through value and convenience
It’s no secret Canadians are cash-strapped, with previous research suggesting many aren’t contributing enough to RRSPs and TFSAs. But, for those who face the extreme of insolvency, daily expenses can be insurmountable, let alone contributing to savings plans. The average insolvent Ontarian uses most of his income to pay for necessities such as housing and […]
Some young Canadians rely on their parents to file their taxes.
Their reasons for not working with you are daunting, though.
With stock markets trading at or near all-time highs, an increasingly likely market correction means newer investors, like millennials, might unwisely pull their investments when the going gets tough. To avoid that scenario, robo-advisors are working at educating clients to remain focused on their plans through market ups and downs. At Wealthsimple, for instance, a […]
The generation that disrupts business by demanding customization and embracing the sharing economy is showing a more traditional side when it comes to home ownership. That’s because a whopping 82% of Canadian millennials say they intend to buy a home in the next five years, reveals an HSBC study. Further, more than a third (34%) […]
Populations are aging across the globe—and the advisor population is no different.
When it comes to investing, millennial clients rank environmental, social and governance (ESG) factors as equally important as investment outcomes, reveals a global investor survey by Schroder Investment Management. Compared to older clients, millennials rate the importance of world-based social outcomes, like poverty and climate change, higher (6.4 out of 10 for older clients versus […]
Nearly half of homeowners would be ill-prepared for a personal financial dilemma.
If your millennial client is buying her first home, she may have mortgage concerns that need to be addressed. That’s because only 12% of Ontario millennials likely to get a mortgage say they feel very confident they know everything they need to know to make the best decisions, reveals a survey by the Financial Services […]