Watch M. Paul Bloom, CIO at Bloom Investment Counsel, Inc., discuss the firm’s strong performance in Q1 2022, with particular focus on specific investments that helped drive these results. The discussion will also touch on Bloom’s investment philosophy (dividend investing) and our outlook for the remainder of the year.
Your net worth is calculated as your assets (all that you own) minus your liabilities (all that you owe)—a snapshot of your financial position. People with substantial net worth, generally with more than 7 figures in liquid assets, are considered high-net-worth (HNW) individuals in Canada. How do you estimate your net worth and why is knowing your net worth important? Read this article to learn more.
In Canada, the use of the term “wealth management” in the financial services industry took off in the early 1990s.
Today, wealth management is the largest growth component of most Canadian financial institutions. We only need to look at 2021 and 2022 Q1 earnings reports to see that the wealth management divisions of Canadian banks and mutual fund companies are primary drivers of their high revenues.
There may come a point in your financial journey when you’d like to seek professional input, advice or counselling to manage your and/or your family’s present and future wealth. The sooner you have a financial plan, the greater the likelihood you will succeed in reaching your long-term financial objectives.
As you search for the financial guidance you need, you will find dozens upon dozens of titles used by finance professionals, including “stock broker,” “registered representative,” “wealth planner,” “tax planner,” “accountant,” “estate planner,” “private banker,” and on and on, all vying for your business.
Many of these titles are very service-specific; however, for some like Financial “Planners” and Financial “Advisors,” the titles are not very helpful in clearly discerning the services provided. In this article we will help you understand the differences.
There are many ways of describing a self-employed individual, including gig worker, freelancer, and contract worker; even if you are working for an employer but own an income-generating side hustle, you still fall within the “self-employed” category.
If you are self-employed in Canada, or are thinking of becoming self-employed, saving for retirement is a do-it-yourself job—here are some retirement saving tips that your future will thank you for.