Wealth Advisors Report - Accumulating, Preserving, and Transitioning Wealth

Budget 2025 doesn’t include the Liberals’ election promise to reduce the mandatory minimum RRIF withdrawal by 25% for one year. It’s “a bit disappointing” that the RRIF measure isn’t mentioned explicitly in the budget, Brian Ernewein, senior advisor, national tax, with KPMG LLP in Ottawa, said.

Great-West Lifeco posted $1.16 billion in third-quarter net earnings, up 35% compared to the same period in 2024, the insurer announced Wednesday. The increase was driven by growth in U.S. and European markets and the risk solutions business, David Harney, president and CEO of Great-West Lifeco...

Sun Life Financial Inc. reported $1.1 billion in net income during the third quarter, down from $1.35 billion during the same period a year earlier. The 18% decline was driven by a prior year decrease in Sun Life Capital Management’s estimated acquisition-related liabilities, unfavourable...

In a world defined by macroeconomic uncertainty and interest rate volatility, conservative investors are facing a dilemma. How do you find safety and attractive, predictable yields without sacrificing liquidity or tax efficiency? The answer may be target date bond funds (TDBFs).

Budget 2025’s proposal for a new venture fund recognizes the asset management industry’s potential to help drive innovation and economic growth. Tuesday’s federal budget includes $1 billion over three years for the “Venture and Growth Capital Catalyst Initiative” — a fund-of-funds that would...

Peter Howitt, the Canadian who shared this year’s Nobel Prize in Economics, helped at least one future policymaker see the world more clearly when he taught at London, Ont.’s Western University.

“Gold doesn’t get used — it changes hands and gets repriced.”

If You Want to Learn Something, Teach It to Others As I sit down to write this week’s post, I’m fresh off a couple of great experiences that I’m still processing. Organising my thoughts to share here every seven days has helped me in more ways than I’ll ever realize, so if any readers also […]

Raised on crypto, Coachella, and influencer culture, the high-net-worth cohort now controls 11% of global wealth, according to the latest Capgemini World Wealth Report

The CEO of the acquisitive wealth management firm, which has about $40 billion in assets, discusses how it pursues organic and inorganic growth.

Life insurance sales in Hong Kong rose 50 per cent in the first half of this year to a fresh record high on the back of increased demand for wealth management and estate planning from high-net-worth individuals in the city and mainland China. The industry…

The founder of Pershing Square Holdings opens up about his mistakes, his anti-DEI crusades and why he still hates to pay for parking

The rise in assets under management during the third quarter was driven by €15.1 billion in net inflows

Wealthsimple Inc. says it is raising up to $750 million in capital in an effo

Financial services firms and wealthy individuals have flocked to Dubai in recent years. The Dubai International Financial Center now boasts 48,000 people working in the area, up 9% from 2024. UAE's biggest city is full of swanky offices, political neutrality, and traffic jams.

JOE BAUERNFREUND’s fund makes some nice money tagging along behind fat cats like Rupert Murdoch and Vincent Bolloré.

Wood wants to disabuse investors of the notion that innovation and interest rates are inversely correlated.

When wealth management firms own their own fund companies, complexities—and conflicts of interest—can arise.

Here are Cathie Wood’s latest moves.

Forecaster Gary Shilling warned of a heady stock market and a looming recession. The veteran economist said the S&P 500 could sink 30% but he doesn't expect an economic catastrophe. Shilling brushed off concerns about the dollar, saying no other currency can replace it.

JPMorgan’s CEO Jamie Dimon: “Everyone should be forewarned” “When you see one cockroach, there are probably more… Everyone should be forewarned,” says Jamie Dimon, CEO of JPMorgan Chase. The largest US bank by assets has been caught up in a growing imbroglio about dodgy loans after reporting a $170m loss linked to the failure of subprime vehicle lender Tricolor last month. Such credit “cockroaches” are multiplying. Car-parts supplier First Brands also failed in September. Last week, Wall Street