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Why robo-advisers are starting to lose clients back to humans
Robo-advisers are still a financial industry newcomer, but they’ve been around long enough to start losing clients who were unhappy with their experience. Financial planner Rona Birenbaum recently took on someone who moved some money from a full-service brokerage firm to a robo-firm, and then was disappointed not to get financial planning in addition to investment management. “This person wanted a consolidated approach and to speak to real people,” Ms. Birenbaum said.
How financial advisors do their own planning
I’m a fee-only planner who does her own plan, as well as those of other advisors. I apply the same processes and rigour to my own plan as I do to clients’.
Three strategies for corporations with the new postbudget rules
Given that earning up to $50,000 of annual passive investment income will not be punitive, strategies that minimize income generated on a corporately owned investment portfolio, while still growing the capital are increasingly important.
Is the Multi-Advisor Approach Best for You?
For many investors, diversification is key – a mix of equities, fixed income and cash based on your risk appetite. But when it comes to investment advice, does the same approach hold true?
How ultimatum from advisor can help vulnerable seniors
Advisors should be prepared to lose an account in order to protect vulnerable seniors from fraud or being taken advantage of by unscrupulous family members.
Rona Birenbaum, financial planner and founder of Caring for Clients, has first-hand experience of dealing with wealthy seniors who suffer from cognitive decline and impaired decision-making.
Actor Christine Solomon on why saving was key to her early success
In Scrimp and Splurge, financial planner Rona Birenbaum looks at how Canadians make everyday spending decisions. Here she speaks with Christine Solomon, a Canadian actress whose latest work involves the movie Kids Can.
RRIF or annuity? How about both.
Converting 30% of your holdings to annuities is the best option for those without DB pensions.
Rona Birenbaum is Interviewed by CBC / The National: How stock market volatility could be good for you
International stock markets are increasingly volatile, but some experts suggest that rapid changes could actually be good for you. Financial planners note that stock market downturns are normal and that experiencing this amount of volatility could actually help investors from getting too confident.
Women of Influence
Surging investor confidence in early 2018 is starting to look like reckless enthusiasm. Investors have lately shown a willingness to take on risk in search of home-run returns, and the investment industry is serving up products to capitalize.
How annuities can beef up retirement cash flow
Toronto-based financial planner Rona Birenbaum says annuity buyers can solve this by purchasing a permanent life insurance policy representing all or some of the capital amount used to purchase the annuity.