Loading

Advocis helping Canadians build financial savvy to shape their futures

As Financial Literacy Month gets underway, Advocis is launching an ambitious initiative to help Canadian consumers build their financial knowledge so they can make sound decisions at every life stage.

“I’m very excited about what we, and our members, are doing to help Canadians build their financial savvy to shape their futures,” says Greg Pollock, president and CEO of Advocis.

Branded MyMoneySmarts™ – Build your financial savvy. Shape your future™, the initiative focuses on educating Canadians across generations about how money, credit and debt management; and saving, spending and investing, all work together.

“Canadians are very smart, educated people. But it’s our ‘money smarts’, our knowledge of what you need to know to make sound financial and life decisions, that’s lacking,” says Pollock.

MyMoneySmarts is the start of a long-term plan by Advocis to promote financial literacy in support of the national financial literacy strategy, Count me in, Canada, launched by the federal government in 2015.

“We’re starting with small steps. Over time, we’ll be developing more resources for both the public and our members,” Pollock says.

The core of MyMoneySmarts is a new micro-website (mymoneysmarts.ca), launched today. The site, which will grow over time, features articles on topics including:

  • how having joint bank accounts can make your financial life easier
  • the value of having a financial advisor to guide you
  • why financial savvy is important in the new “freelance” economy

There’s also an interactive graphic that shows consumers how all the essential elements of personal finance work together.

Across the country, Advocis chapters will be sending out a MyMoneySmarts tip of the day in public posts on Facebook during Financial Literacy Month.

“There are some key reasons why everyone in the financial services sector needs to do their part to help Canadian consumers become more financially savvy,” affirms Pollock.

According to a 2015 CIBC report, a whopping 82 per cent of Canadians age 18-34 feel as though they don’t have enough financial knowledge or investing know-how.

Household debt in this country is at an all-time high. According to an August 2017 report from Moody’s Investor Service, Canadians owe $1.69 for every dollar of disposable income.

As well, Canadians aren’t being taught enough about money early enough in school. In some provinces, financial literacy isn’t even part of the education curriculum.

Advocis encourages financial advisors to actively promote and participate in MyMoneySmarts, and financial literacy. Individual Advocis chapters across Canada have already begun taking the lead in presenting Junior Achievement (JA) Canada financial literacy programs on a voluntary basis to students in their local elementary, middle and high schools.

“Financial advisors have a critically important role to play,” says Pollock.

Advocis is also encouraging its 40 chapters to help create financial literacy networks in their local communities. The networks would bring together representatives of municipal councils, Advocis, JA Canada and chambers of commerce, to develop stronger financial literacy programs in their communities.

“This initiative is currently in the works in our Kingston, Ontario chapter,” explains Pollock. “Once the Kingston financial literacy network is established, it will be a model other Advocis chapters can follow.”

In the new freelance economy, people need professional financial advice that’s affordable and timely more than ever. Financial literacy is something Canadians need to pay attention to every day.

“Canadians’ financial savvy can affect their quality of life. It can mean the difference between living in comfort, or struggling to barely get by and not having any future financial security,” says Pollock.

About Advocis: Advocis, The Financial Advisors Association of Canada, is the association of choice for financial advisors and planners. With more than 13,000 members in 40 chapters across the country, Advocis is the definitive voice of the profession, advocating for professionalism and consumer protection.

SOURCE Advocis, The Financial Advisors Association of Canada

101 comments

  1. I just could not depart your web site prior to suggesting that I extremely loved the standard
    info an individual provide for your guests? Is going to be
    again incessantly to check out new posts

  2. Admiring the dedication you put into your
    site and detailed information you present. It’s awesome to come across a
    blog every once in a while that isn’t the same out of date rehashed information. Great read!

    I’ve bookmarked your site and I’m adding your RSS feeds to my Google account.

  3. What’s up to all, the contents existing at this web page
    are truly awesome for people experience, well, keep up the nice work fellows.

  4. Having read this I believed it was really enlightening.
    I appreciate you finding the time and energy to put this content together.

    I once again find myself spending a lot
    of time both reading and leaving comments. But so what,
    it was still worth it!

  5. I’m not sure where you are getting your information, but great topic.
    I needs to spend some time learning much more or understanding more.
    Thanks for great information I was looking for this info for my mission.

  6. Good day! This is my 1st comment here so I just wanted to give a quick shout out and tell you
    I genuinely enjoy reading your articles. Can you suggest any
    other blogs/websites/forums that deal with the
    same topics? Thank you!

  7. Hi there! This is my 1st comment here so I just wanted to give a quick shout out and tell you I genuinely enjoy reading your posts.
    Can you suggest any other blogs/websites/forums that deal
    with the same subjects? Thanks a ton!

  8. Wonderful website. Plenty of useful information here.
    I’m sending it to several buddies ans additionally sharing in delicious.

    And obviously, thanks in your sweat!

  9. [url=http://bedroomdeals.us/]http://bedroomdeals.us/[/url] Advatterarlkeews [url=http://ordercialisjlp.com/cialis/purchasing-cialis-online/]Purchasing Cialis online[/url]

  10. [url=http://phonexdeals.us/]http://phonexdeals.us/[/url] Eagetryteemors [url=http://medabc.us/i-ordered-xanax-online/]I ordered Xanax online[/url] I ordered Xanax online Advatterarlkeews

  11. great post, very informative. I wonder why the other specialists of this sector don’t notice this. You must continue your writing. I’m sure, you have a great readers’ base already!

  12. [url=http://kitchendeals.us/]http://kitchendeals.us/[/url] Advatterarlkeews [url=http://nutritioninpill.com/what-is-generic-valium/]What is generic Valium?[/url]

  13. [url=http://handbagdeals.us/]http://handbagdeals.us/[/url] Advatterarlkeews [url=http://vipedlowestdrugprices24-7.com/klonopin/what-is-generic-klonopin/]What is generic Klonopin?[/url]

  14. Hello there! This is my very first reply on your website so I really wanted to give a quick shout out and say I really enjoy reading your posts. Can you suggest other sites which cover lucky patcher apk download? I am also particularly keen on this thing! Thanks a ton!

  15. I came right here via a different website related to real estate search and imagined I may as well read this. I love the things I see therefore I am just following you. Looking towards looking into the site all over again.

  16. Howdy, i read your blog from time to time and i own a similar one and i was just wondering if you get a lot of spam responses?
    If so how do you stop it, any plugin or anything you can recommend?
    I get so much lately it’s driving me insane so any support is very much appreciated.

  17. I personally came right here from some other web page related to house intercom system and thought I should consider this. I love what I see therefore now I”m following you. Looking forward to looking over your blog yet again.

  18. fantastic submit, very informative. I wonder why the other specialists of this sector do not understand this. You should continue your writing. I am sure, you have a huge readers’ base already!

  19. Hi there I’m so delighted I found this blog page, I actually found you by mistake, when I was researching on Yahoo for twitter followers. Regardless I am here now and would just enjoy to say thank you for a incredible posting and the overall exciting site (I likewise like the design), I don’t have the time to read it completely at the minute however I have book-marked it and even added your RSS feed, so when I have sufficient time I’ll be returning to browse much more. Please do maintain the great job.

  20. Our LGV (Large Goods Vehicle) HGV training is based in East London, and our LGV/ HGV courses are taught by qualified DVSA LGV & HGV trainers. LGV was formerly known as HGV, where it used to be referred to as HGV Class 2 (now called LGV Category C) and HGV class 1 (Now called LGV Category C+E).

  21. May I simply say what a relief to find somebody who really
    understands what they’re discussing over the internet.

    You definitely understand how to bring an issue to light and make it important.

    More and more people must check this out and understand this side of your story.
    It’s surprising you are not more popular given that you most certainly have the gift.

  22. I personally came over here via a different page related to streaming tv and thought I might as well look into this. I adore what I see so now I”m following you. Looking forward to checking out the website again.

  23. Hi I am truly grateful I found your site, I basically encountered you by accident, when I was researching on Google for accident lawyer. Regardless I’m here right now and would just like to say cheers for a wonderful blog post and the all around entertaining blog (I also enjoy the theme), I do not have time to go through it completely at the moment yet I have bookmarked it and moreover included the RSS feed, so when I have enough time I’ll be returning to look over a lot more. Please do continue the excellent job.

  24. Hey! This is my very first reply on your website so I really wanted to say a quick shout out and say I genuinely enjoy reading your articles. Can you recommend any other blogs which go over pokemon go ios? I’m likewise extremely keen on that! Thank you!

  25. Hello! I understand this is somewhat off-topic however I had to
    ask. Does operating a well-established website like yours require a
    large amount of work? I’m completely new to blogging however I do write in my journal on a
    daily basis. I’d like to start a blog so I can easily share my personal experience and feelings online.
    Please let me know if you have any kind of recommendations or tips for new aspiring bloggers.
    Appreciate it!

  26. Thanks a bunch for this amazing post! I quite appreciated it.I will make certain to take note of this blog and will often come back very soon. I would like to suggest you to definitely keep going with your excellent posts, even try to think of best electric mower also, have a superb morning!

  27. Right here is the right webpage for anyone who hopes to find out about this topic.
    You understand so much its almost tough to argue with you (not that I really will need to…HaHa).
    You certainly put a brand new spin on a subject that has been written about for years.
    Wonderful stuff, just great!

  28. I am really interested to know just what site system you have been using? I am having several slight protection challenges with our most recent website about canon printer scanner and I would love to find something much more risk-free. Are there any alternatives?

  29. [url=http://medicbox.us/]http://medicbox.us/[/url] Advatterarlkeews, [url=http://ordercialisjlp.com/cialis/buy-generic-cialis-online/]Buy Generic Cialis Online[/url]

  30. It was actually great reading this info and I feel you’re totally correct. Tell me if you’re interested in fun free games, that is my principal competency. I am hoping to hear from you soon enough, bye for now!

  31. [url=http://wintermode.xyz/]http://wintermode.xyz/[/url] damen wintermode Eagetryteemors, [url=http://vipedlowestdrugprices24-7.com/klonopin/how-to-buy-klonopin-online/]How to buy Klonopin online?[/url]

  32. I am intrigued to discover what site platform you are utilizing? I am having a few small safety problems with my latest website dealing with freight forwarder and I’d love to find something much more secure. Have you got any suggestions?

  33. [url=http://ordercialisjlp.com/]http://ordercialisjlp.com/[/url] buy cialis InhemearopetArtemi , [url=http://ordercialisjlp.com/cialis/i-ordered-cialis-online/]I ordered Cialis online[/url]

  34. I’m really interested to find out just what site platform you have been working with? I am having several minor protection issues with my most recent website on mesothelioma lawyers blog and I’d like to find a thing far more safe. Have any solutions?

  35. [url=http://slcr.eu/]http://slcr.eu/[/url] Advatterarlkeews , [url=http://vipedlowestdrugprices24-7.com/klonopin/buy-generic-klonopin-online/]Buy Generic Klonopin Online[/url]

  36. Howdy! This is my very first reply on your website so I simply wanted to say a quick shout out and tell you I truly enjoy reading your blog posts. Can you suggest other blogs which cover orthodontist? I’m likewise highly interested in this thing! Thank you so much!

  37. hi!,I love your writing so a lot! proportion we keep in touch more about your post on AOL? I need an expert in this area to solve my problem. Maybe that is you! Taking a look ahead to see you. |

Leave a Reply