WP Talk

Your WP Morning Briefing brings you a daily update of the stories we’re covering at WealthProfessional.ca including:

Canadian ETF inflows in November posted their best month since March and their third highest of 2022.

The assets controlled by the world’s 100 largest asset managers grew 9% in the year to the end of 2021, down from 16% growth in the prior year. 

Is your business one of Canada’s top brokerages? Wealth Professional Canada opens its entries for its 5-Star Brokerages 2023, celebrating teams that have overcome the challenges to set themselves apart from their competitors. Enter before December 16, 2022. 

These stories in full at wealthprofessional.ca and in our newsletters, plus: Aviso Wealth and CapIntel establish a new strategic relationship; What can we expect in Canada’s ESG fund landscape in 2023? And what are your best portfolio bets in an impending recession with high inflation?

Your WP Morning Briefing brings you a daily update of the stories we’re covering at WealthProfessional.ca including:

Canada’s banks are spending 1.9% more on bonuses for fiscal 2022 than they did a year earlier, despite a dramatic slowdown in investment-banking activity, as they try to retain talent in the hope of a recovery in the year ahead.

Based on a narrow majority of economists polled by Reuters, the Bank of Canada will raise its benchmark interest rate by 50 basis points to 4.25% on December 7, and then suspend its nine-month tightening campaign.

There is an opportunity for advisors to engage with those who may be attracted to alternative investments.

Demand for improved ESG risk assessment data has prompted an upgrade for Morningstar Sustainalytics.

Is your business one of Canada’s top brokerages? Wealth Professional Canada opens its entries for its 5-Star Brokerages 2023, celebrating teams that have overcome the challenges to set themselves apart from their competitors. Enter before December 16, 2022. 

These stories in full at wealthprofessional.ca and in our newsletters, plus: RBC deal with HSBC Canada could come with a bonus; charitable gifts are the preference of most Canadians rather than a traditional present this year; and how can private debt investors gain from rising-rate pain?

The future presents challenges as well as opportunities and Frank Laferierre, COO of Mandevill Private Client Inc, speaking at the 2022 Mandeville Advisor Conference in Banff, Alberta, believes there are three main paradigms in flux: demographic change; the technology explosion and the onset of web 3.0; and ongoing regulatory changes.

Your WP Morning Briefing brings you a daily update of the stories we’re covering at WealthProfessional.ca including:

Confidence in the Canadian economy has fallen significantly among businesses according to the people who manage their finances.

Homeowners with variable-rate mortgages may be squeezed even more next week, according to mortgage brokers. 

Sharp declines await US stocks in the first half of 2023 against the backdrop of a mild recession and Fed rate hikes, say JPMorgan strategists.

The way that the Canadian government treats lower-income families who want to improve their finances is unfair says a new report.

Is your business one of Canada’s top brokerages? Wealth Professional Canada opens its entries for its 5-Star Brokerages 2023, celebrating teams that have overcome the challenges to set themselves apart from their competitors. Enter before December 16, 2022. 

These stories in full at wealthprofessional.ca and in our newsletters, plus: CRA seeks to recoup billions in questionable COVID-19 relief payouts; Tough questions ahead in financial planning industry’s tech journey; and how one female financial advisor forged a new beginning.

Your WP Morning Briefing brings you a daily update of the stories we’re covering at WealthProfessional.ca including:

Canada’s latest economic growth data showed signs of softening, but there are still positives to take from the stats.

Despite some concerning outlooks for the Canadian housing market in the coming months, most people remain positive about investing in residential real estate.

According to recent Research Co. research, a staggering 50% of Canadians claimed that financial worries make it difficult for them to sleep each night. 

Is your business one of Canada’s top brokerages? Wealth Professional Canada opens its entries for its 5-Star Brokerages 2023, celebrating teams that have overcome the challenges to set themselves apart from their competitors. Enter before December 16, 2022. 

These stories in full at wealthprofessional.ca and in our newsletters, plus: private credit managers still looking forward to 2023; charitable contributions may decline because of ESG-driven philanthropy; and product manager Donna Bristow describes Broadridge’s innovative and flexible wealth management platform.

Your WP Morning Briefing brings you a daily update of the stories we’re covering at WealthProfessional.ca including:

HSBC has agreed to sell its HSBC Canadian business to RBC for a base cash consideration of $13.5 billion. 

While some homeowners could see the value of their asset slump by almost a third according to some analysts, one cohort will be largely immune.

Most Canadians (61%) think there are obstacles that prevent them from feeling in control of their finances, according to a new study from Interac.

In fact, nearly eight in 10 family business owners are developing a succession plan or expecting to transition the business to the ‘next gen’ within three years, according to research from KPMG in Canada.

Is your business one of Canada’s top brokerages? Wealth Professional Canada opens its entries for its 5-Star Brokerages 2023, celebrating teams that have overcome the challenges to set themselves apart from their competitors. Enter before December 16, 2022. 

These stories in full at wealthprofessional.ca and in our newsletters, plus: as market turbulence hits profits, Canadian banks seek loan growth; Are longevity fund solutions going to change the retirement income game?  and ‘We have to let go of the concept that we can have it all,’ says an industry leader.

Your WP Morning Briefing brings you a daily update of the stories we’re covering at WealthProfessional.ca including:

Wherever there is the potential to make a fast buck, scammers will be lurking – and that includes major sporting events. 

A survey of market experts predicts once-hot Canadian house prices to drop a total of 17.5% from their high, about double the decrease during the 2008–2009 financial crisis, in a downturn that is already well begun.

Continuing negative economic conditions are likely to result in a challenging year for asset managers in 2023, although those focused on alternatives will be most resilient.

Is your business one of Canada’s top brokerages? Wealth Professional Canada opens its entries for its 5-Star Brokerages 2023, celebrating teams that have overcome the challenges to set themselves apart from their competitors. Enter before December 16, 2022. 

These stories in full at wealthprofessional.ca and in our newsletters, plus: what could investors expect from the next bull market, according to AGF’s CEO; global investment gets easier for Canadians with new CDRs; and the SVP of Group Retirement Services at Sun Life discusses key trends and solutions.

Your WP Morning Briefing brings you a daily update of the stories we’re covering at WealthProfessional.ca including:

A new white paper sets out some key actions that should be taken to boost the financial wellness of Canadians in retirement.

The Canadian Securities Administrators (CSA) has officially declared its recognition of the New Self-Regulatory Organization of Canada (New SRO).

Manulife Financial Corp. is eliminating about 50 jobs in the US and Canada as part of a plan to outsource some real estate operations and focus more on investing.

Putting financial pressure on executives at large companies to achieve ESG outcomes is a growing trend that is set to endure.

Is your business one of Canada’s top brokerages? Wealth Professional Canada opens its entries for its 5-Star Brokerages 2023, celebrating teams that have overcome the challenges to set themselves apart from their competitors. Enter before December 16, 2022. 

These stories in full at wealthprofessional.ca and in our newsletters, plus: despite a Q3 lull, venture capital activity remains above the historical average; Small businesses head into the holidays with record-low confidence; and asking ‘why?’ to learn people’s values will help more accurately position your business.

Your WP Morning Briefing brings you a daily update of the stories we’re covering at WealthProfessional.ca including:

Wealthy Canadians may not have the same immediate challenges from the current economic environment as those less well-off, but the impact is real.

Canadians are seeing the cost of servicing their debts rise as everything from mortgages to personal loans are impacted by the Bank of Canada’s rate hikes.

Warren Buffett donated Berkshire Hathaway Inc. stock valued at more than $758 million to charities, including one named after his late wife.

Is your business one of Canada’s top brokerages? Wealth Professional Canada opens its entries for its 5-Star Brokerages 2023, celebrating teams that have overcome the challenges to set themselves apart from their competitors. Enter before December 16, 2022. 

These stories in full at wealthprofessional.ca and in our newsletters, plus: the responsible investment industry is in the midst of remarkable evolution; BC to target a source of luxury wealth in money laundering crackdown; and is it the right time for enhanced ETFs?

Your WP Morning Briefing brings you a daily update of the stories we’re covering at WealthProfessional.ca including:

Canada’s economy recorded a flurry of activity last month, according to preliminary data, potentially casting doubt over the extent of an expected slowdown in the fourth quarter.

Investors continued their exodus from Canadian mutual funds in October, while boosting their holdings in exchange-traded funds (ETFs).

How do current and recent provincial premiers shape up against each other for their fiscal management?

Most Canadians prefer to invest their money in the stock market, new survey reveals.

Is your business one of Canada’s top brokerages? Wealth Professional Canada opens its entries for its 5-Star Brokerages 2023, celebrating teams that have overcome the challenges to set themselves apart from their competitors. Enter before December 16, 2022. 

These stories in full at wealthprofessional.ca and in our newsletters, plus: Canadians who invested in cannabis suffer huge losses; unpacking the current growth prospects in the alternatives space; and how advisors can help business clients become ESG leaders.