Market and Investment Insights

From the desk of Erin Gendron…

In October, Financial Planners Standard Council (FPSC), Canada’s governing body for financial planning conducted a survey* of over 1500 Canadians. They found that 41% of Canadians lack confidence in their financial affairs. 33% of Canadians feel they would fail a financial stress test (meaning they somewhat or strongly doubt their bank account would withstand a financial emergency). 1 in 3 Canadians is not confident they will achieve their financial life goals. Despite these trends, 65% of Canadians have not engaged the services of a professional financial planner.

Financial planning is more than budgeting, saving or the perfect investment strategy. It sets you on a course toward achieving your life goals through the proper management of your financial affairs.

We’d like to share some great tips in the following 2 articles:

10 Ways To Get Started With Financial Planning

5 Ways You Might Be Sabotaging Your Finances

Sure, we’d like to assume that we are speaking to the “other 35% of Canadians”, but if any of these stats resonate with you, we urge you to reach out, so we can help. Maybe you have a friend or family member that you think may struggle with these issues, please don’t hesitate to pass along our contact information.

Financial Planning is for everyone and those who engage in financial planning report significantly higher levels of financial and emotional well-being than those who don’t.