david agnew sitting on table

Taking care of your wealth management needs begins with understanding your financial goals and those of your family — from your parents, to your partner, to your kids and the following generations.

In this issue, we discuss the importance of multi-generational wealth planning to help you protect your wealth at every stage of life. Recent research conducted by RBC Wealth Management concluded that only 22 percent of high-net-worth Canadians have a full wealth transfer strategy in place, 52 percent have prepared a Will, and almost 60 percent of Canadian parents don’t feel confident their children will preserve or grow their inheritance. In response to this, we evaluate wealth transfer from a gender perspective, provide a wealth transfer checklist to help you start thinking about key aspects of planning to promote a lasting legacy, offer six financial planning tips for Millennials, and review the importance of business owner succession planning. We also highlight the connection between women’s cognitive health and financial well-being, spotlighting the Women’s Brain Health Initiative, a charitable organization RBC Wealth Management proudly supports.

In addition to addressing the theme of wealth transfer, we look at the shift towards responsible investment — integrating environmental, social and governance factors into overall investment practice — and we discuss multi-generational philanthropic giving.

We also celebrate diversity and inclusion at RBC by profiling three female leaders named to the Women’s Executive Network 2016 Top 100 list of Canada’s Most Powerful Women, learning what sets them apart as role models and leaders. To honour Canada’s 150th anniversary, we share a selection of inspiring youth stories from our Make 150 Count campaign.

I encourage you to contact your RBC Wealth Management advisor about the topics featured in this issue and to explore other ways to address your wealth management needs and goals — for your family, your business and yourself.

David Agnew, CEO
RBC Wealth Management Canada