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…
Credo NPS+ Survey: Results for Raymond James
This report delivers recent statistics that tell how clients of Raymond James (a.k.a. “RayJay”) think and feel about how well they are being served by RayJay advisors. Credo’s annual statistics are presented in the two tables below. With 2018 only part-way complete, the statistics provided for 2018 are current projections for the year based on…
AGF’s Credibility
In a crowded marketplace, where advisors have a tremendous range of suppliers to choose from, a supplier’s credibility is absolutely central to its clients’ willingness to support it. Credibility is based on truthfulness and dependability. When investment managers deliver on these dimensions, they can often maintain their place on an advisor’s product shelf. When they…
Paying for Planning Services: Canadian Perspective
Credo has explored how advisors charge their clients for financial planning services. We surveyed 500 advisors from across the country and found that the majority of Canadian advisors (60%) don’t charge their clients specifically for the service of creating a financial plan. Exhibit 1 below show how advisors responded when queried about charging for planning….