WP Talk

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

While the Canadian system is stable and among the top third of the systems ranked, it is beaten by 12 countries including Australia, the UK, Norway, Israel, and Uruguay.

An attacker has spirited away about US$100 million from decentralized finance provider Mango.

Young investors say that relying on traditional stocks and bonds is not the way to build wealth.

A 73% majority of wealth managers worldwide are either invested in illiquid assets or are considering doing so in the upcoming year

Wealth Professional Canada wants to ring in the new year by highlighting the wealth management industry’s premier talent. Entries are now open for the 10th annual Top 50 Advisors ranking. Enter here.

These stories in full at wealthprofessional.ca and in our newsletters, plus: How to position portfolios if inflation is turning the corner; How to help clients considering if they should be Alberta-bound; and new research gives a sneak peek into which celebrities have done best after joining the VC circle.

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

Canada’s Ombudsman for Banking Services and Investments (OBSI) is a step closer to gaining stronger capabilities for complaints handling.

Institutional investors are set to significantly increase the share of their assets under management (AUM) that are ESG-related.

Goldman Sachs Group Inc. analysts say it’s “too early” to price in a dovish turn in Federal Reserve policy 

Wealth Professional Canada wants to ring in the new year by highlighting the wealth management industry’s premier talent. Entries are now open for the 10th annual Top 50 Advisors ranking. Enter here.

These stories in full at wealthprofessional.ca and in our newsletters, plus: Why most young people shouldn't set money aside for their retirement; What supply chain shifts will mean for global investors; and how can advisors help clients through stressful economic times?

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

Sustainable investment (SI) is now a dominant force in portfolios across the globe with allocations surpassing public equity in 2022.

Investors poured the most money into cash since April 2020 on fears of a looming recession, but stocks could see further declines as they don’t fully reflect that risk, say Bank of America Corp. strategists.

Canadians are spending more on their cards than pre-pandemic according to a new report from RBC..

These stories in full at wealthprofessional.ca and in our newsletters, plus: Global bond funds saw their worst downturn since at least 1990; NEI Investments and Invesco Canada enter a strategic collaboration; and in our new Other Life feature: an RBC portfolio manager discovered his Ride to Conquer Cancer passion.

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

Some of the world’s biggest investors have been sharing their fixed income strategies as they navigate ongoing market volatility.

According to Statistics Canada, the average household's net worth in the second quarter of 2022 was $940,560, down $19,300 from the second quarter of 2021 and $65,400 from the first.

The investment industry’s new single self-regulatory organization (SRO) is due to launch in January, and it is now seeking members for part of its structure.

These stories in full at wealthprofessional.ca and in our newsletters, plus: Big Six banks might snap up HSBC’s Canadian unit; Cash ETFs draw a billion record as risky assets convulse; and as we mark World Mental Health Day on Monday, one advisor is cautioning others to be honest with themselves about how they and they staff are doing.

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

Fixed income saw strong demand from Canadian exchange-traded fund (ETF) investors in September. 

Hiring and digital transformation are on hold for many Canadian businesses as recession fears grow.

A recent survey from the advisory and accounting firm EisnerAmper revealed that problems with inflation and the recession will continue to affect the alternative investment sector.

Wealth Professional’s upcoming Advisor Connect event, titled “ESG Investing - Are we making progress?” will be held on October 6. Sign up here. 

These stories in full at wealthprofessional.ca and in our newsletters, plus: ‘Recession is unavoidable’: portfolios should stay the course says an advisor; Tech stock shocks put ETF investors' concentration risk to the test; and expanded fitness-tracking program widens business opportunities for advisor.

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

The Investment Funds Institute of Canada (IFIC) has released the findings of its annual Canadian Mutual Fund and Exchange-Traded Fund (ETF) Investor Survey for 2022.

Canada’s defined benefit pension plans remain strong, but their health has suffered a slight dip in the third quarter of 2022.

The continuous interest rate increases and persistent inflation that have defined 2022 have turned from a potential risk to a clear and present danger to Canadians’ personal finances.

Wealth Professional’s upcoming Advisor Connect event, titled “ESG Investing - Are we making progress?” will be held on October 6. Sign up here. 

These stories in full at wealthprofessional.ca and in our newsletters, plus: Advisors must ‘get curious’ about young clients’ different relationship to money; Collaboration brings a digital-first approach of retail trust services to Canadians; and how has Canada’s decades-old gender pension gap changed?

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

Two Canadian software engineers working for a newswire company have been charged with insider trading in Canada and the US.

One of Wall Street’s biggest equity bears, says a Federal Reserve pivot to dovishness is becoming likely amid falling money supply, but such a move won’t allay concerns about earnings. 

Those who consider themselves to be experts in investing are more likely to see sustainable investing as the key to driving long-term returns compared to those less knowledgeable. 

Wealth Professional’s upcoming Advisor Connect event, titled “ESG Investing - Are we making progress?” will be held on October 6. Sign up here. 

These stories in full at wealthprofessional.ca and in our newsletters, plus: Advisors help young entrepreneurs launch businesses better than a robo-advisor; Should tech investors be looking beyond near-term market challenges? and what changes should investors expect from the Web3 economy?

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

Canada’s national housing agency plans to revamp its forecasts with a potential drop of 15% in home prices by the middle of next year.

MFDA and IIROC members approve single SRO.

Oversold equity market sentiment means that a lot of the bad news is already priced in and there are better times ahead according to Russell Investments. 

More than half of Canadians (54%) say they are now living paycheque to paycheque as the cost-of-living crisis continues to squeeze budgets.

In a recent survey conducted by Equifax Canada, 82% of small business owners said they wanted the government to do more to combat inflation.

Wealth Professional’s upcoming Advisor Connect event, titled “ESG Investing - Are we making progress?” will be held on October 6. Sign up here. 

These stories in full at wealthprofessional.ca and in our newsletters, plus: PEAK Financial partners with Willful to empower advisors; Fidelity expands its shelf offerings with two new options for investors; and in the first of a new series called Other Life, the CEO of the NEO Exchange launches Bay Street Rides FAR for autism research.

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

The likelihood of global recession has increased despite the expectation that inflation will ease in 2023.

Nine in ten Canadians are now reducing their spending including a quarter who are cutting back on retirement savings.

Wealth Professional’s upcoming Advisor Connect event, titled “ESG Investing - Are we making progress?” will be held on October 6. Sign up here. 

These stories in full at wealthprofessional.ca and in our newsletters, plus: Ontario’s title protection framework is an ‘unfulfilled promise’ says an investor advocate; Private equity losses loom for pension plans; and which celeb investors have topped the VC charts?

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

Homeowners and real estate investors should be prepared for some challenging conditions in the coming months.

Giving investors better and faster access to key information about funds is the goal of a new proposal from the Canadian Securities Administrators (CSA).

As inflation puts the pinch on Canadians’ purchasing power, new research has revealed an increasing trend of buyers making mindful decisions and making every dollar count.

These stories in full at wealthprofessional.ca and in our newsletters, plus: CI Global Asset Management adds ESG and commodities mandates to offerings; Recession risk turns Goldman, BlackRock off to stocks; Are advisors asking their clients the right questions?