My Family's Education

(Feature of the Month)

Intergenerational Service: 
Empowering the Next Generation of Investors

 

T.A.G. believes that education is the cornerstone of long-term family success. As part of our multi-generational practice, we offer a dedicated service designed to support second and third generation family members as they navigate their unique financial journeys. Our goal is to provide practice guidance and advice that evolves alongside their needs, helping every generation gain the education and confidence needed to thrive. 

Our process includes:

 

1.    Budgeting & Goal Setting
We provide resources and one-on-one support to help you create a realistic budget, track your spending, and set both short-term and long-term financial goals. Our strategies help you adjust to life’s surprises and stay on track.

 

2.    Personalized Investment Management
We guide you in building an investment portfolio that aligns with your goals and risk tolerance. We will educate you on the different types of investment accounts (such as TFSA, RRSP, and FHSA), discuss asset allocation, and explain the differences between stocks, bonds, mutual funds, and ETFs. Our focus is on the importance of diversification, so you can grow your wealth with confidence over the long term.

 

3.    Maximizing Workplace Benefits
If you’re starting a new job or entering the workforce, we’ll review your workplace benefits, employer pension plans, and group RRSPs. Our goal is to help you understand and maximize these valuable resources as part of your overall financial plan.

4.    Financial Planning for Life’s Milestones
Whether you’re moving in with a partner, getting married, or planning for a family, we provide clear strategies for managing joint finances, setting shared goals, and preparing for major life events.

 

5.    First-time Home Ownership Guidance
When you’re ready to consider home ownership, we introduce you to our trusted mortgage and insurance partners. We’ll walk you through affordability, mortgage options, the difference between term and life insurance, and the steps involved in purchasing your first property.

 

6.    RESP Advisory
For young families, we offer advice on Registered Education Savings Plans (RESPs), including contribution strategies, available government grants, investment options, and what to do if your child’s plan changes. 

 

7.    Financial Literacy for Youth & Teens
We are passionate about empowering the next generation with strong financial habits. Our educational resources and conversations introduce youth and teens to the fundamentals of savings, spending, spending, and investing. We welcome the opportunity to meet with young investors and help set them on the path to financial confidence.  

 

 

T.A.G. Sharing

 

Protecting from Fraud, Exploitation, and Online Threats
Webinar Summary Presented by: Dynamic Funds

 

While this webinar focused on seniors, it’s important to recognize that fraud, exploitation, and online threats can affect people of all ages. Seniors may be especially vulnerable due to accumulated wealth, social isolation, or cognitive decline, but the tactics used by fraudsters—such as emotional manipulation and urgent requests—can target anyone. The session outlined practical steps for clients, families, and advisors to recognize red flags, strengthen online safety, and provide enhanced care for those at greater risk. Establishing trusted contacts and continuous education are vital in safeguarding everyone’s financial well-being.

The “Super 7” Fraud Types Affecting Canadians:
•    Phishing (fraudulent emails or messages seeking personal info)
•    Tech Support Scams (fake calls or pop-ups claiming computer issues)
•    CRA (Tax Authority) Scams (fraudsters impersonating tax officials)
•    Romance Scams (emotional manipulation via fake relationships)
•    New Best Friend Scams (sudden friendships with financial motives)
•    Investment Scams (promises of high returns, often unregistered products)
•    Grandparent Scams (urgent pleas for money from a “grandchild” in distress)

 

Best Practices to Protect Yourself and Loved Ones:
•    Watch for red flags: urgency, secrecy, unknown contacts, odd payment requests.
•    Use strong, unique passwords and enable multi-factor authentication.
•    Set up secret family passwords and review accounts regularly.
•    Maintain a low-value account for daily transactions.
•    Never respond to unsolicited communications; always verify requests.
•    Assign a Trusted Contact Person (TCP)—someone you trust and authorize your financial institution to contact if there are concerns about potential fraud, exploitation, or diminished capacity. Having a TCP in place helps protect you by providing an additional safeguard if suspicious activity is detected.
•    Place fraud alerts with credit reporting agencies such as Equifax and TransUnion to add an extra layer of protection against identity theft.
•    Educate clients and staff using resources like the Canadian Anti-Fraud Centre.

 

By staying vigilant and proactive, we can help protect people of all ages from financial harm and support their independence and peace of mind.