What advisors should know about sudden wealth syndrome
The last two steps of the process
Consciously deciding to sustain family wealth for the long term is atypical
Also, investors aged 30 to 39 exhibited the greatest enthusiasm, with interest steadily declining among those ages 70 and older.
High-net-worth firms plan to increase their allocations to direct investments and co-investments over the next two years, new research from global research and consulting firm Cerulli Associates says. As the private equity market has evolved, many high-net-worth (HNW) practices have moved toward direct deals that give investors the opportunity to invest directly in a portfolio […]
58% of wealthy Canadians have not discussed instructions for their estate with their heirs.
Dividends are making some Canadians — the top 1% — proportionally richer. StatsCan data reveal that the top 1% of tax filers saw their share of total income rise by almost one percentage point from 2014 to 2015, thanks to a sharp increase in dividend income from Canadian corporations. In 2015, the top 1% of […]
Ready to add to your book of private clients? At its national conference in Toronto, the Portfolio Management Association of Canada (PMAC) held a session on serving private clients. (The target client was defined as having more than $1 million in investable assets, not including equity in real estate or private business.) “The majority of […]
IA Clarington Investments Inc. has enhanced its Elite pricing program for high-net-worth investors to include: auto-switching into the discounted Elite series for eligible investors; householding for IA Clarington Managed Portfolios starting at $100,000; and two new rebate thresholds. Householding means the benefits of Elite pricing can be extended to family member living at the same […]
These structures can achieve estate planning objectives, not just tax ones