As 2023 is coming closer, Nick Ritchie, senior director, wealth planning at RBC Wealth Management, listed his top five wealth planning topics for 2023.
1. More strain on the bank of mum and dad
Mr Ritchie said that with rising costs, higher interest rates and greater fiscal drag on earnings, he expects children of high net worth individuals to require more support and parents to oblige with smaller, more frequent and targeted gifts.
“P...
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