Financial Literacy

Advisor's Edge

What financial concept don’t you understand?

We asked three clients

September 21, 2018

2 min read

Planning and Advice

Insights for your value proposition

Advisors looking to fine-tune their value propositions might do well to focus on client education. That’s because, with the rise of online investing platforms, more clients say they want to better understand investing. “Digital solutions have transformed traditional investing and redefined who can invest online, yet some still feel intimidated by having to decide what […]

By Staff |March 12, 2018

1 min read

Industry

Advisors dish up details from the gender divide

Plus, they share how they're making a difference for others in the industry

By Michelle Schriver |March 8, 2018

5 min read

Industry

Women’s financial goals more modest than men’s: report

A recent report that highlights differences between men and women when it comes to investing seems to raise as many questions as it answers. Mylo Financial Technologies finds that women’s financial goals are 52% smaller than men’s: on average, women’s financial goal value is $24,842, compared to $47,810 for men. The reason for the discrepancy […]

By Staff |March 7, 2018

3 min read

Where advisors can fill the gaps for women clients

Many of your clients likely struggle with finances, but women, in particular, might be having a hard time. A survey commissioned by Financial Planning Standards Council (FPSC) finds that 86% of Canadian women struggle with at least one issue when it comes to finances, including: Read: 25% of Canadian retirees live with debt: survey (An […]

By Staff |March 5, 2018

2 min read

It’s not hard to stump Canadians with financial terms

If you spend a lot of time educating clients, that might be because Canadians’ financial literacy leaves a lot to be desired. In a poll from the Angus Reid Institute, most Canadians presented with a list of 18 common banking and finance terms said they were “very confident” in the meaning of only two: savings […]

By Staff |February 14, 2018

2 min read

Improve financial literacy, tax credits: finance committee

Ahead of Budget 2018, the House of Commons finance committee conducted consultations to hear suggestions to improve productivity and competitiveness. Suggestions are summarized in a report, which lists 92 recommendations. Here are highlights: Read: What young clients don’t understand Read: Credit unions fight back at banks’ exclusive use of industry terms Read: Feds name new […]

By Staff |December 18, 2017

2 min read

What young clients don’t understand

Your younger clients need help to understand their finances. A whopping 82% of young Canadians (18 to 34) feel they don’t have enough financial knowledge or investing smarts, a 2015 CIBC report revealed, while an August 2017 report from Moody’s Investor Service finds that Canadians owe $1.69 for every dollar of disposable income. Household debt […]

By Staff |November 1, 2017

2 min read

Financial Literacy

What financial concept don’t you understand?

Insights for your value proposition

Advisors dish up details from the gender divide

Women’s financial goals more modest than men’s: report

Where advisors can fill the gaps for women clients

More Canadians understand TFSAs: survey

It’s not hard to stump Canadians with financial terms

Millennials’ views on saving, investing and job-hopping

Improve financial literacy, tax credits: finance committee

What young clients don’t understand