Financial Services _Çô Client Services RFC223 Lecture Notes - Lecture 5: Mercedes-Benz 500K, System For Information On Grey Literature In Europe, Estate Planning
31 Oct 2016
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Document Summary
Rfc 223 lesson 5 the canadian wealth management landscape. The wealth management landscape in canada is evolving in response to demographic, competitive, technological and regulatory opportunities and challenges. If your advisor is charging a percentage of market value of your assets, as the client makes money, the advisor makes money. If you start a portfolio of ,000, your advisor charges 1 percent. Ia have to sit there and construct portfolio that has some bonds, dividend stocks and some growth, and make sure the whole portfolio has a steady rate of return (a lot of work) Competition: firms are increasingly aware that to succeed in the lucrative affluent segment, they need to identify and solicit promising candidates when they are still in the accumulation phase, e. g. Focus on income level once debt is paid off, who is going to be wealthy later one.
