Most actively traded companies on the Toronto Stock Exchange piquenewsmagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from piquenewsmagazine.com Daily Mail and Mail on Sunday newspapers.
IGM Financial Inc. IGM-T and Great-West Lifeco Inc. GWO-T have struck a deal that will see independent wealth manager Investment Planning Counsel Inc. change…
The Globe and Mail Alison MacAlpine Published May 10, 2021
skynesher/iStockPhoto / Getty Images
Financial advisors are skilled at building comprehensive retirement plans for their clients, but many are still falling short when it comes to planning for their own golden years.
According to a new survey from Environics Research conducted on behalf of Investment Planning Counsel Inc. (IPC), just 24 per cent of Canadian advisors who plan to retire within the next 10 years have a complete, detailed succession plan in place. A further 15 per cent have started but not finished working on a formal plan, while 41 per cent have a “rough idea” of what they will do. One in five (20 per cent) have no plan at all.