1. Financial Services Industry: A sophisticated global business sector, performing money and finance activities. Companies in the financial services industry channel money through the financial system via financial transactions. 2. Financial Services Industry's Contribution to Economic Growth: By providing the means for financial transactions and economic consumption. 3. Companies Operating in the Financial Services Sector: 1. Banking institutions: Provide banking services. Banking products:…

What is Estate Planning? Financial planning is literally something that needs to be done with a great care, and your estate is no different. A lot of people are under the impression that estate planning can wait. Before we dive head first into the technical aspects of estate planning, we need to understand the importance of estate planning and how it all works. If you're a bit confused on the basics of preserving wealth by creating a will, or unsure of what a trust is, then this article will def…

Life Insurance Explained Buying life insurance is no easy task, and at times, it can be a really tedious process. Some advisors may unfortunately attempt to sell you more than you need, and might actually leave out important details about the policy you purchase. The reason life insurance is so difficult to choose, is due to the fact that there are so many different plans out there. Plus, unlike auto or health insurance, you'll be leaving money behind for your estate and heirs. How Life Insura…

Some Canadians may believe that meeting with a financial advisor is exclusively reserved for wealthy individuals. However, this is an absolute misconception in the financial services industry. In fact, anybody, who proactively plans for his/her future and wants to live a better life, can benefit from meeting with a financial advisor at no expense. If you are looking for a Toronto financial advisor or a Vancouver financial advisor, this finance blog explains everything you need to know, before hi…

Without a question, it is quite difficult to accumulate long-term wealth without consulting with a professional wealth management advisor. While most business owners understand the importance of hiring a financial advisor to manage their assets, but what is investment management? Investment management is a great financial service for investors, who want to accumulate assets effectively over time. If you are not a wealthy investor, you most likely live a frugal life and work a nine-to-five job to…

If you are a person looking to plan for your retirement soon, our team of professional retirement planning specialists have provided all the benefits of hiring a retirement planner before you retire, whether if you are a Canadian resident looking for a retirement planning expert in Toronto or Vancouver, or you are just interested to learn more about the details of planning for your retirement ahead of time. What is Retirement Planning? Retirement planning is the process of aligning one's short…