Helping clients who have lower levels of digital literacy will only become more important as the industry moves away from paper forms and becomes more reliant on technology
Fiona Collie
Canada’s wealth management fintech space, like a gangling teenager, has undergone a noticeable change in recent years.
Since the launch of robo-advisors in Canada more than five years ago, the fintech space has grown as companies have found their niches either in the B2B or B2C market and hired employees with skills and knowledge of the investment industry.
“I think the bench strength of these companies has improved,” said Rob Baldassare, senior advisor, fintech, with MaRS Discovery District in Toronto. He said fintechs have benefited from both organic growth and hiring employees with experience in financial services institutions.
New tools are democratizing the estate-planning process, but they’re not for all Chet Wesley Published April 16, 2021
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Everyone likes to talk about and plan for the future – especially when it comes to saving money for retirement. That’s not the case when it comes to death or its consequences, though. For financial advisors, bringing up the discussion of wills and estate planning with clients can be a gruelling task chock full of excuses for why they’re putting it off.
A recent online survey that Angus Reid Forum conducted on behalf of digital estate-planning firm Willful and funeral services company Arbor Memorial Inc. found that 45 per cent of Canadians believe that end-of-life planning doesn’t apply to them, with another 22 per cent of the same group saying it makes them feel uncomfortable and don’t know where to start.