Whether for a simple budget or to discuss their investments, Quebecers have been consulting their financial advisor more since the beginning of the year.
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At least that’s what Émile Khayat and his team of twenty professionals in wealth management and financial advice at TD Bank have observed.
“The demand for appointments, in person or not, has been significantly higher since mid-January,” said the senior regional manager at TD Wealth Management.
This strong demand is certainly not unrelated to the fact that inflation is the main source of concern for Canadians (87%) followed closely by the cost of living (84%), according to a Léger poll conducted on behalf of from TD.
Three questions come up more often than the others among the clients of Émile Khayat’s team. “The effect on the retirement plan, the ability to save to buy a house and issues related to the current budget”, indicates the manager.
Holiday priority
Young people under 35 are more likely than their elders to be concerned about almost all aspects of their personal finances, such as house prices (80% versus 54%), rising interest rates (71% vs. 49%) or market fluctuation (71% vs. 66%).
The survey released today reveals that the priority of young people in this age group is to make a down payment for the purchase of a first property (23%).
Also, going on vacation is the first financial objective of Canadians after the pandemic (19%), all ages combined.
– With QMI Agency
