WP Talk

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

Tough economic conditions are pushing more Canadians into insolvency according to new official figures.

Providing care for children or dependent adults is not usually driven by money, but a new report shows the extent to which Canadians give up earning potential as a result.

Higher temperatures and more extreme weather are likely to lower Canada’s real gross domestic product by 5.8% in 2100, assuming countries around the world fully meet their climate commitments.

The wealth industry needs to be bold if it’s going to find its footing to serve women, said one of the women leaders presenting at the Women in Wealth online summit on Dec. 6. REGISTER NOW.

These stories in full at wealthprofessional.ca and in our newsletters, plus: market volatility increases demand for financial planning; Dynamic Funds announces the launch of the Dynamic Active Discount Bond ETF; and Ask an advisor matchmaker: what makes a credible book buyer?

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

Canadians boosted fixed-term deposits (FTD) in the first half of 2022, smashing a three-year-old record.

A new poll from Ontario’s financial services regulator sheds light on the way consumers in the province obtain financial advice – and how they may be misled as a result.

The wealth industry needs to be bold if it’s going to find its footing to serve women, said one of the women leaders presenting at the Women in Wealth online summit on Dec. 6. REGISTER NOW.

These stories in full at wealthprofessional.ca and in our newsletters, plus: why clients can no longer rely on their business being their retirement fund; Canadian banks mustering strength for major carbon-offset push; and are we are heading toward a golden age for alternatives?

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

The data from Statistics Canada will dim expectations of recession but also make things more complicated for the Bank of Canada’s (BoC) efforts to cool inflation. 

Investors should stay bullish on equities ahead of this week’s US midterm elections, according to Morgan Stanley’s Michael Wilson.

Female portfolio managers have shown themselves to be superior asset protectors to their male counterparts throughout this year's market slump.

Financial services firms need to innovate to keep one step ahead of growing competition from fintechs and firms outside the industry.

The wealth industry needs to be bold if it’s going to find its footing to serve women, said one of the women leaders presenting at the Women in Wealth online summit on Dec. 6. REGISTER NOW.

These stories in full at wealthprofessional.ca and in our newsletters, plus: after last week’s economic update, KPMG in Canada experts break down measures on affordability, tax on share buybacks, and more; even with the pandemic inequality drop Canada has a long way to go; and why even clients who may have saved enough to retire still need advisor reassurance.

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

What were the key takeaways from Chrystia Freeland's announcement?

Women retire with significantly less wealth than men report shows.

The wealth industry needs to be bold if it’s going to find its footing to serve women, said one of the women leaders presenting at the Women in Wealth online summit on Dec. 6. REGISTER NOW.

These stories in full at wealthprofessional.ca and in our newsletters, plus: Canadian ETFs saw billions in net inflows in October; Fixed-income ESG indexes now outnumber equities ESG indexes; and why there’s no truth in: ‘Trust takes years to build, but seconds to destroy’

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

Statistics Canada’s report highlights how historically-low interest rates have fuelled purchase of secondary dwellings for investment purposes in the last decade or so.

The current economic and geopolitical conditions globally are not deterring venture capital (VC) firms from seeking investments.

Quebecers now have access to the first-ever financial anxiety index that will track variations in economic stress over time.

The wealth industry needs to be bold if it’s going to find its footing to serve women, said one of the women leaders presenting at the Women in Wealth online summit on Dec. 6. REGISTER NOW.

These stories in full at wealthprofessional.ca and in our newsletters, plus: A bad year for Wall Street hasn’t stopped hundreds of billions in US ETF flows; Scotiabank names the new CEO of MD Financial Management; and how can the investment industry achieve ESG clarity?

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

Couples are almost certainly having regular conversations about the cost of living, but how do they manage their finances together?

New research from the National Payroll Institute suggests businesses are also losing billions to their employees’ financial worries.

TD Asset Management (TDAM) has this week launched a new alternative mutual fund.

Canadian Western Bank is positioning itself to provide a differentiated experience for clients in the private wealth advisory space with a new national brand.

The wealth industry needs to be bold if it’s going to find its footing to serve women, said one of the women leaders presenting at the Women in Wealth online summit on Dec. 6. REGISTER NOW.

These stories in full at wealthprofessional.ca and in our newsletters, plus: CI Global Asset Management unveils new global fixed-income mandates; after shifting from the institutional to the retail space, a Rising Star advisor is making his mark; and why are investors piling billions into funds set for downgrade?

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

Losses in the equity markets have led to small returns for Canada’s defined benefit (DB) pension plans in the third quarter of 2022.

For those aged 65 and older, paying bills is now a worry for most with 73% of respondents to a new Equifax poll in this age group expressing concern. 

The wealth industry needs to be bold if it’s going to find its footing to serve women, said one of the women leaders presenting at the Women in Wealth online summit on Dec. 6. REGISTER NOW.

These stories in full at wealthprofessional.ca and in our newsletters, plus: Why asset-allocation ETFs still play a central portfolio role; What earnings week results mean for tech stocks; and What are the five top challenges for financial advisors?

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

It’s Halloween and it could be a scary 10 days ahead for investors with some key data from the US on the way.

Canadian companies are leveraging the value of investor relations officers (IROs) and paying them well as a result.

The growth of its wealth management and insurance operations have prompted Toronto-Dominion (TD) to change how it reports its financial results.

Fraud spike could be ahead warns Equifax Canada report.

These stories in full at wealthprofessional.ca and in our newsletters, plus: The 'Great Reset' exposes gap in manager performance rankings; Harbourfront’s newly named SVP of Strategy and Advisor Services shares how the firm supports advisors to help future-proof their practices; and how one of Canada’s 100 most powerful women is paying it forward.

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

Federal Reserve officials will maintain their resolutely hawkish stance next week, laying the groundwork for interest rates reaching 5% by March 2023.

Management consultancy Kearney has identified an increasing number of ‘zombie companies’ that have been unable to meet their debt servicing commitments over the past three years through their current operating profit.

Canadian adults generally score well on financial literacy with almost eight in ten saying they are confident in their abilities.

Entries for Wealth Professional Canada’s Top 50 Advisors list will close TODAY, October 28. Enter Here.

These stories in full at wealthprofessional.ca and in our newsletters, plus: Amid onslaught of rate hikes, Canadians prepping for a tougher 2023; Young adults are more financially engaged than parents give credit for; and a football legend gives financial advisors a pep talk to go broader and deeper.

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

RBC Economics commentary notes that Canadians are spending significantly less and are feeling less confident and rich.

A pilot scheme in Ontario recognizes the range of investment experience held by those who may fall short of requirements for accredited investor status.

A sharp decline is expected for Canadian consumer spending over the next few quarters as steadily rising interest rates percolate into higher costs of purchasing homes and other large-ticket items.

Talk of recession is not dampening the expectations of Canada’s small and medium sized businesses.

Are calls for the richest in our society to pay more tax – on the basis of fairness - borne out by the data?

Entries for Wealth Professional Canada’s Top 50 Advisors list will close this Friday, October 28. Enter Here.

These stories in full at wealthprofessional.ca and in our newsletters, plus: A smaller than expected interest rate hike brings opportunities for advisors; Bitcoin ETF tracker sees record losses in its first year; and does advice to ‘stay the course’ risk advisors’ credibility?