Millennial investors are more conservative than Boomers

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Nov 11, 2017

Millennials are notably more conservative investors compared to Baby Boomers, found a new report released by BMO Wealth Management Nov. 7. The report also found that Millennials are less likely to buy... Continue reading

Talk to children about money to ensure they develop good financial habits

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Nov 02, 2017

TD’s Financial Literacy Month survey has found that many parents are worried that without healthy money habits, their children will go into debt as adults (54 per cent); be dependent on their parents ... Continue reading

Manulife study reveals Canadians too ashamed to discuss financial struggles

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Nov 02, 2017

Feelings of shame and embarrassment often keep Canadians from discussing their financial challenges, found Manulife’s most recent study on health and wealth released Oct. 25, which was conducted in partnership... Continue reading

Four in ten Canadians feel their financial futures are not under control, says new study

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Nov 02, 2017

Thirty-nine per cent of Canadians feel they don’t have their financial future under control, while 29 per cent say they are overwhelmed with their financial options, according to a new study commissioned... Continue reading

Canadians expect to spend an average of $1,507 this holiday season

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Nov 02, 2017

Canadian consumers will spend an average of CAD$1,507 this holiday season, with the majority of their spending focused on travel and gifts, and the remaining amount intended for entertainment, according... Continue reading

Investors value help from an expert

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Oct 04, 2017

Although most Canadian investors (72 per cent) feel financially secure in the current market environment, the majority prefer to have the help of an expert when making investing decisions, according to... Continue reading

Pre-retirees relying too much on their homes to fund retirement

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Oct 04, 2017

Many Ontarians could be overestimating their ability to finance their retirement using their homes, suggests new research released today by the Ontario Securities Commission (OSC). The survey found that... Continue reading

Millennial graduates say they regret taking on student debt

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Oct 04, 2017

Two thirds of Canadian graduates under 40 say they graduated with debt, owing an average of $22,000, a study by BDO Canada Limited has found. The majority of indebted grads (62 per cent) say they are ... Continue reading

Adult children causing financial strain on parents

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Sep 20, 2017

Fifty one per cent of Canadians with adult children say those children are still financially dependent on them while 45 per cent say their adult offspring are causing a financial strain, says a new survey... Continue reading

Canadian parents are not taking full advantage of RESP grants

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Sep 15, 2017

The majority of Canadian parents do not take full advantage of opportunities when it comes to saving for their children’s post-secondary education, says a new Ipsos poll conducted for Knowledge First ... Continue reading