Welcome to eFORUM!

The newsletter of influence for financial advisors

Created by the editorial team of FORUM magazine, eFORUM delivers Advocis members content they can use in their everyday communications with clients. Designed to inform and help advisors, eFORUM features practice management, insurance, tax, and estate planning strategies. Look for eFORUM in your inbox four times a year.

What’s New at Advocis

As autumn presses on, the cool and crisp weather continues to invigorate all of us at Advocis! A few highlights include:

Join us in person at the Ritz-Carlton, Toronto for Symposium on October 25th at 8:00 a.m. EDT. It’s not too late to register for tickets!
Advocis is excited to participate again this year in Financial Literacy Month! Our campaign is scheduled to kick off on October 31st.
Advocis membership renewal notices for 2023 will be coming out shortly – please keep your eyes peeled for a notification in November! Information will also be posted directly on our website.
Advocis Coffee Talks continues to bring espresso-sized webinars to members on a wide range of topics with CE accreditation for that bit of extra "kick."
Advocis Update 2022 National Webinar: Registration opens November 2, 2022. If you haven’t attended Update 2022 through your Chapter now is your opportunity. Update 2022 focuses on ways financial advisors and planners can be resilient, provide timely and relevant advice to their clients and be ready to take on the future.

Is It Time to Revisit Prescribed Annuities for Retirees?

By Kevin Wark
October 5, 2022

Until recently, low interest rates and vibrant stock markets have made non-registered life annuities a hard sell for most retirees. However, with the dramatic increase in interest rates, the “boom” in retirements, and longer lifespans, now may be a good time for you to explore the benefits of prescribed annuities with your older clients. A prescribed annuity can be used to provide guaranteed lifetime income as well as preferential tax treatment.[..] Read more

The New Anti-Flipping Rule

By Jamie Golombek and Debbie Pearl-Weinberg
October 5, 2022

The federal government is cracking down on certain individuals who are engaged in flipping residential real estate and not properly reporting these sales as business income. Flipping has been defined in government documents as “purchasing real estate with the intention of reselling the property in a short period of time to realize a profit.” On August 9, 2022, draft legislation was introduced setting out the government’s new anti-flipping rules to take effect in 2023. This proposal was first set out in the Liberal Party’s 2021 pre-election platform, with the goal being to “reduce speculative demand in the market place and help to cool excessive price growth.” [..] Read more

The Right Routine for Your Business

By Kelly Maxwell
October 5, 2022

It’s hard to believe that we’re already into the fall season, which means back to routines. Routines are important, especially for your advisory practice. They help busy professionals succeed by providing everyday structure to stay focused on impactful business activities. With focus, professionals can manage a healthy stress level, build their confidence, and find time to reset and relax.[..] Read more

Why a Marketing Pivot Is Needed Now More than Ever

By Stacy Brooks
October 5, 2022

Businesses grow through many cycles — from inception to establishment to maturation. Within those growth cycles, it’s important to update and make pivotal changes to your overall marketing strategy. Having a well-thought-out marketing strategy can be the key differentiator needed to stand out among your peers. [..] Read more

What You Need to Know about Ontario’s Title Protection for Financial Planners and Financial Advisors

By Wendy Horrobin
October 5, 2022

Consumers and investors turn to financial professionals to help them make sound, informed decisions about their savings and investments. As a provincial regulator of financial services, the Financial Services Regulatory Authority of Ontario (FSRA) now requires individuals using the Financial Planner or Financial Advisor titles to meet minimum standards, so consumers have confidence that the individual they are dealing with has a minimum standard of education, is being actively supervised by an approved credentialing body and is subject to a complaints and discipline process.. [..] Read more