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Will the average home insurance cost go up because of COVID-19? Aug 31st
What does home insurance have to do with the pandemic? Canadians have been spending more time at home as a result of the COVID-19 pandemic, and that’s a good thing–we’re all trying to stop the spread of the coronavirus and get back to life as we knew it. However, all of that extra time in our .... More »
Cost Management Strategies for Canadian Group Benefit Plans May 12th
The cost of providing comprehensive benefits continues to rise. Managing group benefits effectively is critical for employers in Canada. The need to find balance between offering appealing group insurance to employees and maintaining financial sustainability is not easy.
Here are some innovative co.... More »
Renting vs. buying: Which is the better option? Aug 20th
The rent-versus-buy debate has long divided financial experts and aspiring home owners, with no clear winner in sight.
The traditional argument holds: While buying a home can build long-term equity and stability, renting can provide flexibility and fewer upfront costs. But as home ownership becom.... More »
Why disability insurance is so important + MORE Sep 24th
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One-in-three working Canadians will experience a period of disability lasting longer than 90 days during their working lives, according to statistics but a new study for RBC suggests nearly half of Canadians underestimate how frequently disability actually occurs.
In reality, 62% of Can.... More »
Blue Jays break new ground by acquiring premium rental Jordan Hicks - Yahoo Canada Sports Jul 31st
Blue Jays break new ground by acquiring premium rental Jordan Hicks Yahoo Canada SportsJordan Hicks and What's Next | Jays Talk Plus SPORTSNETJays pay reasonable price for hard-throwing Jordan Hicks as closer insurance. And they aren’t done Toronto StarWhat's next .... More »
The difference between fee-only and fee-based financial planners
– moneysense.ca
While MoneySense is intended to help empower individual investors, it’s a rare person that needs absolutely no financial help or advice. This blog continually makes the point that while self-directed investors can lower costs by buying index funds or ETFs at discount brokerages, that doesn’t mean they have to forgo financial planning help, advice or guidance.
Over the last decade or so, there has been a gradual shift from commission-based financial advice to fee-based advice. That is, instead of paying a traditional stockbroker commissions to buy a stock (or ETF these days) and then pay again to sell them, the industry is moving to a fee-based model that imposes an annual fee based on percentage of client assets: typically ranging between 1% and 2%. That is, on a $100,000 portfolio, you might expect to pay between $1,000 and $2,000 a year in fees, often via traditional mutual funds, wrap accounts or investment counsel. Not a bad deal at that level of wealth, if you’re getting good advice on asset allocation, security selection, financial planning, insurance and estate planning and the whole gamut of financial advice…
Over the last decade or so, there has been a gradual shift from commission-based financial advice to fee-based advice. That is, instead of paying a traditional stockbroker commissions to buy a stock (or ETF these days) and then pay again to sell them, the industry is moving to a fee-based model that imposes an annual fee based on percentage of client assets: typically ranging between 1% and 2%. That is, on a $100,000 portfolio, you might expect to pay between $1,000 and $2,000 a year in fees, often via traditional mutual funds, wrap accounts or investment counsel. Not a bad deal at that level of wealth, if you’re getting good advice on asset allocation, security selection, financial planning, insurance and estate planning and the whole gamut of financial advice…
