『What They Don't Tell You』のカバーアート

What They Don't Tell You

What They Don't Tell You

著者： CWB Wealth Management
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 What They Don’t Tell You brings you real conversations that real people have behind closed doors. Because wealth management is more than “just investing”, clients and experts sit down together to talk about these topics that go beyond the numbers and that are usually left out from traditional financial conversations.2024 CWB Wealth Management 個人ファイナンス 経済学
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  • Indigenous communities: Investing for an equitable future

    Indigenous communities: Investing for an equitable future
    2021/06/30

    Indigenous Peoples in Canada have faced significant losses that prevented them from establishing intergenerational wealth. Many Indigenous communities have been displaced from their land, affecting their livelihoods and ability to establish intergenerational wealth due to acts such as the Williams Treaties of 1923.

    In this episode of What They Don’t Tell You, Jack Jamieson, Lisa Caswell and Kain Big Canoe of T.E. Indigenous Services discuss the background of these settlements and the complex strategies to rebuild today with the goal of closing the wealth gap.

    According to the 2011 National Household Survey (NHS), there are 43,000 Indigenous, Inuit and Métis business owners in Canada. A 2011 CCAB study found that the number of Aboriginal business owners and entrepreneurs is growing at five times the rate of self-employed Canadians. After all, the Indigenous economy is the Canadian economy, and if these communities benefit then we all benefit. These settlement assets will be an important to grow the Indigenous economy.

    Managing and growing these settlement assets is a complex process. Each band is unique, thus all of these settlements need to be managed differently to best meet the special needs of each community. The assets are used to help individuals on and off the reserve, and last not only for the present generation, but for several generations to come. Past assets funded a broad range of needs including eldercare, affordable housing, mental health, education, public works or things a municipality would normally provide.

    Our society has a great need to support and elevate the diverse voices, strengths, and unique approaches of Indigenous Peoples to truly benefit from our diversity.

    To learn more about Jack Jamieson
    LinkedIn: Jack Jamieson
    About: https://www.tewealth.com/portfolio-item/jack-jamieson/

    To learn more about Lisa Caswell
    LinkedIn: Lisa Caswell
    About: https://www.tewealth.com/portfolio-item/lisa-caswell/

    To learn more about Kain Big Canoe
    LinkedIn: Kain Big Canoe
    About: https://www.tewealth.com/portfolio-item/kain-big-canoe/
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    25 分
  • Family Foundation vs Direct-to-Charity Giving

    Family Foundation vs Direct-to-Charity Giving
    2021/05/31

    Providing opportunities to others is a pillar of philanthropy. If you’re fortunate enough to be able to give, it’s important to understand where your donated money is going, and how these funds will be used. Though writing one-off cheques are always greatly appreciated by charities, there is a more sustainable and efficient way to organize your philanthropic efforts. In this episode of What They Don’t Tell You, CEO of CWB McLean and Partners, Kevin Dehod, sits down with Denise Castonguay of the charitable organization Canada Gives to discuss their mission for philanthropists to establish tax-smart, high-impact foundations with the valuable insight of financial advisors.

    A Private Foundation is a legal entity that requires consultation from a lawyer before set-up, and a board of trustees, thus making the set-up process a potentially long and expensive one. Canada Gives provides donors with an easier way of setting up family foundations, with a Donor-Advised Fund.

    Donor Advised Funds (DAF) are one of the best-kept secrets in the not-for-profit sector. It involves creating an account within a sponsored organization, such as Canada Gives. A DAF is able to be set up with far lower funds. This has proven to be helpful for many donors because it allows them to get invaluable advice from financial advisors along the way. This advice can be used to help plan future efforts, and to give the donor insight into why their money is best allocated to certain places.

    In reality, a DAF is more private than a Private Foundation, because it is not a legal entity. With a Private Foundation, everything must be reported to the CRA, which in turn, makes the information less private.

    To learn more about Kevin Dehod

    LinkedIn: https://www.linkedin.com/in/kevindehod/

    About: https://www.cwbmcleanpartners.com/en/about-us/our-team/kevin-dehod

    CWB McLean & Partners: https://www.cwbmcleanpartners.com/en

    To learn more about Denise Castonguay

    LinkedIn: https://www.linkedin.com/in/denisecastonguay/

    Canada Gives: https://www.canadagives.ca/

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    22 分
  • Women & Wealth, The Road to Representation

    Women & Wealth, The Road to Representation
    2021/04/28
    Historically, women have noted worse experiences when it comes to the financial industry than their male counterparts. Financial planning and wealth management are aspects of life that both males and females must deal with, and being financially literate is important when considering a person’s overall wellbeing. In this episode of What They Don’t Tell You, advisors Bernadette Churchill, Ann Bawden, Anne Wildfong, and Samuel Chinniah discuss the ways women have been oppressed when it comes to finances, how the industry is missing the mark on inclusivity, and why it is so important for women to participate in their wealth creation. Though the services they use are the same, 73% of women reported having negative experiences when dealing with the financial community. Anne Wildfong details how she believes male advisors need to be more considerate when communicating with female clients and to take into account that many women already have an understanding of their portfolio. It is a disgruntling feeling for a woman to feel like she is being talked down to, especially when her advisor neglected to look into her background. If he had, awkward situations could be avoided. These “gendered” roles see themselves present in the financial industry, due to the nature of males being the person in the family who traditionally manages the finances, and that historically women should not concern themselves with the house’s finances, rather running the household. This outdated structure can prove more harmful than helpful in the present day because it perpetuates old gendered stereotypes that have no place in society in 2021. Our team has noted that significant changes have been made in the financial industry when it comes to being more considerate of female clients and advisors, but that there is still a long way to go until women can comfortably exist in the wealth space. An aspect of this that still has a long way to go is the amount of female financial advisors working in the industry. Only 15% of financial advisors are female, which may be daunting to prospective female clients since they are unable to see themselves accurately represented in finance. It is important for clients to feel comfortable sharing details of their life around their advisors because this helps advisors best manage a portfolio to meet a client’s future goals. If a client feels uncomfortable around their advisor, they are not maximizing the potential of their portfolio, because aspects important to that client could have easily been overlooked. For example, perhaps a client wanted to create a vacation fund, but the lack of comfortability around their advisor deterred them from speaking up, and that money ended up being put towards buying a vehicle. Many female clients prefer female advisors because they can see themselves represented in the industry, or feel as though another woman can better understand their goals when it comes to their wealth, but that’s not always the case. The most important factor when choosing a financial advisor is fit and comfortability. When you match with a good advisor, you’re working directly with someone who is going to counsel you when it comes to your finances and help you optimally manage your finances to reach your goals. No two peoples’ portfolios are identical, and neither are two financial advisors. For people looking to start working with a financial advisor, it is a good idea to reach out to friends and family, and see which financial advisors they are working with. This provides a good starting point to begin interviewing advisors. Do not feel as though you need to work with the first advisor you meet with. Ensuring that you and your financial advisor have a trusting relationship is a key element in proactively managing your wealth. To continue to equalize the wealth industry, people need to speak up when they notice discrepancies. Not all women can be generalized under one umbrella, as Chinniah says, “one size does not fit all.” Wealth creation is important when considering a person’s overall wellbeing, and access to wealth creation should be universal. Money is power, and being financially literate will provide a person with the tools they need to secure their wealth and control their destiny. -To learn more about Ann BawdenLinkedIn: Ann BawdenAbout: https://www.cwbwealth.com/en/about-us/our-team/ann-bawdenTo learn more about Samuel ChinniahLinkedIn: Samuel ChinniahAbout: https://www.tewealth.com/portfolio-item/samuel-chinniah/ To learn more about Bernadette ChurchillLinkedIn: Bernadette ChurchillAbout: https://www.cwbmcleanpartners.com/en/about-us/our-team/bernadette-churchill To learn more about Anne WildfongLinkedIn: Anne WildfongAbout: https://www.leonfrazer.com/people/investment-professionals/anne-wildfong
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    30 分
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