In this edition of Perspectives, we focus on well-being and wealth planning for the future.
We hope you and your family are keeping well. This has been a challenging year for many of us and as such, we’ve focused this edition of Perspectives on well-being and wealth planning for the future. We will look at how the right planning strategies can protect your wealth and help ensure you achieve your long-term goals.
Regardless of your life stage or situation, “Financial planning: Nine key areas of focus” will provide you with tips in reviewing your goals and needs, and planning aspects to consider as part of financial well-being. For the younger generation, we explore key financial literacy concepts parents can use to start the conversation about managing finances. We have also included articles about creating tax savings with income splitting, and the benefits of a regular investing strategy over the long-term.
Throughout the pandemic, there has been growing awareness around the importance of estate planning. Our article “Estate planning in today’s times: Four key elements” discusses how to open up dialogue with family members and fundamental elements to help safeguard one’s wishes and intentions. We also explore shifting trends in charitable giving and how a structured approach may help you make a more meaningful difference over time.
As a long-time sponsor of the Olympics, we are pleased to feature three RBC Olympians who share their expert tips and insights on staying well. We also discuss different ways to incorporate wellness practices into your daily life.
I encourage you to speak with your RBC Wealth Management advisor to learn more about our personalized approach, and how proper wealth planning strategies can provide you and your family with peace of mind for today and tomorrow.
David Agnew, CEORBC Wealth Management Canada
This document has been prepared for use by the RBC Wealth Management member companies, RBC Dominion Securities Inc. (RBC DS)*, RBC Phillips, Hager & North Investment Counsel Inc. (RBC PH&N IC), RBC Global Asset Management Inc. (RBC GAM), Royal Trust Corporation of Canada and The Royal Trust Company (collectively, the “Companies”) and their affiliates, RBC Direct Investing Inc. (RBC DI) *, RBC Wealth Management Financial Services Inc. (RBC WMFS) and Royal Mutual Funds Inc. (RMFI). *Member-Canadian Investor Protection Fund. Each of the Companies, their affiliates and the Royal Bank of Canada are separate corporate entities which are affiliated. “RBC advisor” refers to Private Bankers who are employees of Royal Bank of Canada and mutual fund representatives of RMFI, Investment Counsellors who are employees of RBC PH&N IC, Senior Trust Advisors and Trust Officers who are employees of The Royal Trust Company or Royal Trust Corporation of Canada, or Investment Advisors who are employees of RBC DS. In Quebec, financial planning services are provided by RMFI or RBC WMFS and each is licensed as a financial services firm in that province. In the rest of Canada, financial planning services are available through RMFI or RBC DS. Estate and trust services are provided by Royal Trust Corporation of Canada and The Royal Trust Company. If specific products or services are not offered by one of the Companies or RMFI, clients may request a referral to another RBC partner. Insurance products are offered through RBC Wealth Management Financial Services Inc., a subsidiary of RBC Dominion Securities Inc. When providing life insurance products in all provinces except Quebec, Investment Advisors are acting as Insurance Representatives of RBC Wealth Management Financial Services Inc. In Quebec, Investment Advisors are acting as Financial Security Advisors of RBC Wealth Management Financial Services Inc. RBC Wealth Management Financial Services Inc. is licensed as a financial services firm in the province of Quebec. The strategies, advice and technical content in this publication are provided for the general guidance and benefit of our clients, based on information believed to be accurate and complete, but we cannot guarantee its accuracy or completeness. This publication is not intended as nor does it constitute tax or legal advice. Readers should consult a qualified legal, tax or other professional advisor when planning to implement a strategy. This will ensure that their individual circumstances have been considered properly and that action is taken on the latest available information. Interest rates, market conditions, tax rules, and other investment factors are subject to change. This information is not investment advice and should only be used in conjunction with a discussion with your RBC advisor. None of the Companies, RMFI, RBC WMFS, RBC DI, Royal Bank of Canada or any of its affiliates or any other person accepts any liability whatsoever for any direct or consequential loss arising from any use of this report or the information contained herein.
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