Nearly half are involved about managing their wealth, and 82% are nervous concerning the financial system, particularly inflation (84%), power prices (72%), and rates of interest (49%).
Most survey respondents (74%) work with a monetary advisor to handle and develop their wealth and assist them mitigate hostile results of the financial system; however simply 45% of these have a holistic plan that covers all points of their monetary life.Â
“Very similar to different teams, high-net-worth Canadians are involved about the place the financial system goes and its impression on their private scenario,” stated Damon Murchison, president and CEO, IG Wealth Administration. “With wealth comes elevated complexity so it is particularly vital, throughout these occasions, to not solely search out the assistance of a certified monetary advisor who can put issues in perspective but in addition to pick out one who will work with you to develop a holistic monetary plan that is stress-tested and retains tempo together with your evolving scenario.”
Delaying retirement
Among the many most regarding points of the survey is that, whereas 92% of respondents have some concept what their retirement will appear like, lower than half have an in depth plan.
Most stated they’re assured that they’ll find the money for for his or her retirement however nearly half reported modifications to how a lot cash this will likely be.
