Financial Literacy Month 2024!

November is here, and so is Financial Literacy Month! This year, our campaign focuses on building emergency funds and adopting effective debt management strategies. Supported by the relaunch of our award-winning Financial Advice for All campaign, we'll be sharing valuable content throughout the month. Each week, keep an eye on the Financial Advice for All website for fresh insights, including:

• Articles by Advocis members and guest experts
• Interviews with Advocis members on Instagram Live
• A special edition of Advocis Coffee Talks with Robin Taub, Robin Taub Financial Consulting 

To enjoy and help us share this campaign, please make sure to follow us on Facebook, X, LinkedIn and Instagram to receive notifications as this content is released throughout November. When engaging with us please use the following hashtags to increase our visibility #FAFA, #FinancialAdviceForAll, #FLM2024, #Advocis.

For quick access to Financial Advice For All, please click the link below: 

Interested in learning more about what we've got planned? Check out our full National press release or read the key points from our poll below:

In a year marked by financial uncertainty, recent polling by Advocis has revealed that Canadians continue to struggle with emergency fund adequacy and debt management, indicating potential challenges ahead. As Financial Literacy Month approaches, these survey findings shed light on common concerns raised by financial advisors and planners across the country about the pressing financial situations of their clients.

The poll highlights a lack of savings, budgeting issues, and inconsistent family discussions around financial management that point to a broad need for improved financial literacy.

Among the findings:

• 43% of respondents indicated that most of their clients have less than three months of living expenses saved.
• 60% of respondents reported that their clients either have no formal budget or struggle to manage unexpected expenses within their budgets.
• 60% of respondents noted that their clients occasionally discuss savings and spending habits with their children.
• 54% of respondents observed that clients have set financial goals and are making small but consistent progress toward these objectives.

With the possibility of a recession, your clients are rightfully concerned about the state of their finances heading into the Fall/Winter and early 2024.

To understand how inflation is contributing to or influencing the financial decisions of Canadians, Advocis held a poll of more than 100 member advisors to better understand the top financial concerns of Canadians.

We've created shareable graphics for Advocis Members to share across all social media networks, email newsletters and other relevant channels!

For quick access and to start sharing now, click this link! 

Join us on November 7th at at 11:00 am EST as we hear from Robin Taub, Robin Taub Financial Consulting as she outlines how mastering financial literacy can become your ultimate competitive edge, enabling you to guide clients more effectively, build deeper trust, and drive long-term success. Don’t miss this opportunity to enhance your skill set and discover why financial literacy is the smartest investment for you and your clients.

• This episode of Coffee Talks has been approved by The Institute for 0.5 CE credit.

We'll release articles from our members and guest experts each week in November, providing valuable insights on various financial literacy topics.

We’re kicking off the first week with this timely article:

• Building an Emergency Fund on a Low Income by Suzette Chambers

Upcoming articles will be available on Financial Advice for All, so be sure to check back each week!

Our Instagram presence continues to grow at Advocis, and you'll surely want to mark your calendar for our upcoming Financial Literacy Month Instagram Live episode on November 19 at 1:00 P.M. EST!

Four passionate members of Advocis will join us LIVE to talk about emergency savings and budget planning, impacting the financial health of Canadian households. 

To watch the show, make sure you're following us on Instagram and have notifications turned on for Advocis on your mobile Instagram app - you'll get pinged the moment we go LIVE!

We hope that both the new and existing resources on Financial Advice For All will be a valuable asset to you and your practice as you continue to work with your clients to engage them on the vital issue of financial literacy.

If you have any questions, please contact communications@advocis.ca.