Men and women differ in how they manage their finances
Men and women differ in how they manage their finances: Women are more than twice as likely than men to respond that they receive advice from a friend or a family member who is not a financial professional. Men are 7.7% more likely than women to report that they manage their own finances without the…
Men more likely to verify financial advice
Men are more likely to do research on their own finances than women Women are 11% less likely to conduct their own research to validate their financial advisor’s recommendations. Men are almost twice more likely to do their own finances without an advisor than women.
Gender based differences in financial importance
Men and women have different financial priorities. For Canadians with over $500k in investable assets the biggest differences are found in…
Happy Holidays from Credo
Seasons Greetings from our team to yours!
Women and Financial Advice
Women are more likely to be receiving advice exclusively from family and less likely to say they are where they expected to be financially…
Discount banking and financial literacy
Discount banks tend to have the most financially literate clients, on average scoring 78% or higher on tests of financial literacy…
Canadians with financial advisors believe they are better off
Canadians that receive advice from an advisor or planner report being ahead of their financial expectations more frequently than those that receive guidance from a robo advisor or family member. According to the Financial Comfort Zone Study, Credo’s on-going survey of more than 38,000 Canadians, 51% of Canadians work with some type of financial professional….
Top 5 Reasons Canadians do not work with a financial advisor
According to the Financial Comfort Zone Study, Credo’s on-going survey of more than 38,000 Canadians, 51% of Canadians work with some type of financial professional. For the other 49% there are a variety of reasons for not having an advisor. Above, we identify the top 5 reasons: I don’t have enough money (43%) They cost…
Our friend and colleague Frank Hracs
It is with great sadness that we relay the news of the passing of our friend and colleague Frank Hracs, Credo’s Chief Economist. With more than 30 years of experience in Canada’s financial industry, Frank had a distinguished career having served in the past as Chief Economist for RBC Dominion Securities and Director of Currency…