Top stories
Stormy waters

Don’t go down with your client’s ship

Use these three steps to deal with clients who insist on unsuitable investments

Now hiring sign

U.S. adds a robust 254,000 jobs, unemployment dips to 4.1%

Hiring gain, up sharply from the 159,000 jobs added in August, was far more than economists had expected

European election

Desjardins projects economic impact of U.S. presidential candidates’ policies

Forecasts are predicated on Congress passing much of each candidate's agenda — an unlikely scenario

Chart showing ups and downs of stock market

Debt issuance surges, equities stumble: LSEG data

RBC Capital Markets topped both debt and equity league tables, data show

Banks insulated from Middle East conflict, for now

Oil shock, negative knock-on effects are the main risks for banks: DBRS

vintage microphones

Industry moves this week

A mix of moves occurred, plus Dave Kelly officially took the lead at Richardson Wealth

Computer with financial growth

Addressing internal challenges to wealth firms’ growth

Advisor time constraints, attrition are controllable factors

Rocket ship launching

Wellington-Altus launches subsidiary with sub-advised funds

Independent Advisor Solutions will feature suite of funds from BlackRock

home financing

OSFI head reflects on decision to relax mortgage stress test rule

The regulator wants to be perceived as only dealing with financial institutions, not individuals

Inflation written newspaper

Inflation cooled further in August: OECD

Declining energy prices drive rates down, core inflation easing too

View of calculator, paperwork, house and coins

Higher interest rates led to fewer housing starts in 2023: CMHC

Other economic factors, government policies offset the effect of higher rates

Couple getting financial advice

Five ways to provide better advice

Improve client engagement by understanding human behaviour

Client listening to a lawyer or advisor explaining issues

Avoid being sued over KYP shortfalls, expert tells IAFP symposium

Advisors should conduct independent analysis, educate clients, write detailed notes