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Dealers stand strong during a tumultuous time | Investment Executive

Dealers stand strong during a tumultuous time | Investment Executive
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How advisors are steering small-business owners through the second wave

How advisors are steering small-business owners through the second wave
Helen Burnett-Nichols
Published February 26, 2021
FG Trade/iStockPhoto / Getty Images
After a year spent weathering pandemic-related lockdowns, pivoting to new virtual business models and trying to manage amid all the uncertainty, small-business owners are working with their financial advisors to navigate the challenges around the most recent restrictions.
While many small-business-owner clients are still seeking guidance on more immediate financial concerns, a sense of cautious optimism and the experience gained in 2020 are also giving advisors the opportunity to re-engage some of these clients in planning for the latter half of this year and in some cases, even further into the future. ....

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Black advisors call for greater diversity on boards

The Globe and Mail
Deanne Gage
Published January 22, 2021
Adriano Valentini/The Globe and Mail
While women have made strides in increasing their representation on company boards of directors in Canada in recent years, it’s a different story for people of colour, notably Blacks.
According to a report the Diversity Insitute at Ryerson University’s Ted Rogers School of Management published in August, 2020, Black executives are “deeply underrepresented” on boards and vastly outnumbered by other racialized groups.
Although there are no statistics on the number of financial advisors who serve on boards, the representation among Black advisors is minimal, says Michael Collymore, a certified financial planner (CFP) at IPC Investment Corp. in Ajax, Ont. ....

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How advisors are helping younger Canadians get through financial hardships

The Globe and Mail
Audrey Carleton
Published January 15, 2021
CasarsaGuru/iStockPhoto / Getty Images
The economic fallout from the COVID-19 pandemic has hit younger Canadians harder than other generations. That has required financial advisors to offer some unique solutions to help these clients weather the storm.
A Carleton University School of Journalism and Communication poll conducted last May found that pandemic-related reductions in family income affected Canadians under 30 years of age more than any other generation, with those aged between 29 to 44 being the next most affected. Similarly, a report that global consulting firm Deloitte published in late June found that almost 30 per cent of Generation Z and a quarter of younger millennials, aged 25 to 30, lost their jobs or were placed on unpaid leave in April or May – larger proportions than any other age group. ....

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The future of money: After the pandemic, will you have your own 'financial pandemic'?

The future of money: After the pandemic, will you have your own financial pandemic ?
Melissa Leong, Special to BNN Bloomberg
The future spending habits of Canadians post-pandemic
VIDEO SIGN OUT
The global pandemic changed everything in 2020. Now it is going to change everything forever. This is part of The Future of series, in which BNN Bloomberg looks at what is next for our transformed economy and daily lives.
Jahmeelah Gamble is honest about how she has been plodding through the days of the pandemic.
The app that I use to track my mental health is called Zara, she recently tweeted, referring to the clothing retailer. Based on the amount of orders I ve placed in the last month, it s safe to say that I m [sad emoji]. ....

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