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Canada Life purchases wealth manager IPC from sister company IGM Financial

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… ....

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Canada Life purchases wealth manager IPC from sister company IGM Financial

The deal will see Canada Life add more than 650 investment advisers who manage about $32-billion in assets ....

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Timing is everything when it comes to government benefits

Decisions on when to collect CPP benefits and to convert RRSPs can have a profound effect on clients' retirement income ....

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Succession planning still a big issue in financial advice industry, study finds

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. ....

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