Women have entered the Canadian workforce in significant numbers over the past decade. In fact, Canadian wealth is increasingly in the hands of women, and this trend is expected to continue over the next decade.

This new face of wealth brings about important implications for women, financial advisors, and the financial industry alike—women need to “re-think” what financial wellness means to them personally, and the financial industry will have to “re-think” how it addresses potential differing needs of women to ensure that there is a clear understanding of the needs, wants, challenges and opportunities faced by female investors.

As financially independent women create and manage more wealth, it is also important for them and their financial advisors to understand that financial independence is not the same as financial wellness. This article explains what financial wellness is and how you can improve your own or that of your female clients.

Is your money working for you, or are you working for your money? While the latter is all too common, there are many ways in which you can achieve financial freedom and gain the ever-lusted after luxury of more time by engaging in inactive income streams where the money earned requires little work, or no active involvement to generate ongoing capital. In this article, Bloom Investment Counsel takes you through interest income.

Capital gains income is a great income source where your money works for you, and not the other way around. Bloom Investment Counsel, Inc. actively makes the most of capital gains income on behalf of its clients, strategically purchasing equities when prices are relatively low, and (if the opportunity is right and there is no advantageous long term gain in sight), selling high so that clients can profit from the difference.

The 2021 IPO market has been an eventful one so far, with startups listed at sky-high valuations. Early investors have reaped large returns, meaning that venture capitalists have had more money to invest in new startups, shattering records for startup funding.

As we look towards 2022, there is still an abundance of up-and-comers amongst whom may be the next unicorn company. If you are in the early stages of entrepreneurship, or if becoming an entrepreneur is your New Year’s resolution, here are 3 business management tips for first-time entrepreneurs that can make all the difference.

Dividend income is a great way to reach the next level on your financial journey. Unlike some other income streams, dividend income is inactive in nature rather than active—after you or your investment manager have conducted research on which stocks are right for you, assuming you have a long-term position, you get to sit back and enjoy the ride! This is one of the pillar reasons Bloom Investment Counsel is so fond of dividend income—we are of the belief that you can attain true financial peace of mind through the inactive nature of this income stream, while still having time to dedicate to your business, your family, and your life.