Now that the New Year has come and gone, it's time to start thinking about how you are going to improve yourself in 2017. Maybe you want to return to a regular gym habit or start eating healthier, but have you considered making a commitment to improving your finances first?
Last year, regulators announced the Client Relationship Model - Version 2 (CRM2), which included a key requirement that financial advisors explicitly disclose all investment fees charged to clients. The regulation, which went into force in July 2016, is required to be implemented by all financial advisors by January 2017.
2016 was a year shaped by surprises and drastic changes in sentiment. How investors feel about the economy is what’s reflected in prices. While major equity markets had a generally positive 2016 – driven by strong US economic data and improving conditions in Europe – there was a lot of global negativity for equities going into the year, fueled by China’s slowing economy, dropping oil prices, and geo-political uncertainty. Investors had more cash parked on the sidelines than ever before. However, major equity markets had a positive 2016 climbing the walls of worry, mainly driven by strong economic data out of the US (jobs, in particular) and improving economic conditions in Europe.
We’re just days away from a new year, and we’re looking forward to everything 2017 has to offer. As we approach the end of 2016 and reflect on the past year, we’re looking back on our blog and some of our most popular posts, top news stories, and the biggest trends of 2016.
How well do you think you’re investing the savings from your employer-provided group RRSP savings program?
In this Insurance 101 blog we’re covering one of the most common questions asked by people shopping for insurance – what’s the difference between Term Life Insurance and Permanent Life Insurance?
In the not too distant future of drone-delivered shipments and self-driving cars, the way in which we invest is going to change, too. The current landscape in Canada for getting advice and managing investments is out-of-date and is a huge cost to investors and the country. But there are changes happening now that are paving the path for a new way to save, one where efficiencies, quality, and customization will change the industry and create better financial security for Canadians.
When I first interviewed with Invisor, I was looking to get out of corporate politics. Right off the bat, the guys at Invisor seemed like straight shooters, and like they’d cultivated a good work environment. The product Invisor offers is also leagues beyond what I had recently been pitched at banks and from a family financial advisor, so this intrigued me. From a developer’s perspective, I knew being focused on a single project would allow for more creativity and brainstorming. It’s not always about getting a micro site out the door. Instead there are constant discussions about how to make the experience better.
With the US election results now behind us, many economic forecasters have been using their crystal balls to figure out what Trumponomics would mean to the US and the global economy. Prior to the election markets had a negative view of the proposed Trump economic policies, but views seem to have since changed. Most equity markets reached all-time highs and bond yields increased on the expectation that the proposed tax cuts and infrastructure spending would increase government debt, inflation and borrowing costs, while in the long term, these policies and deregulation would increase economic growth.