Steve Randall

United Kingdom

Online Journalist at Wealth Professional Canada

Radio | Podcasts | Journalist | Media Coach | Media Entrepreneur NOTE: This is a broadcast channel. I don’t engage on here or answer DMs.

Articles

US adults are the second wealthiest in the world on average but who’s top?

1 week ago | investmentnews.com | Steve Randall

Strong performance in financial markets and a stable US dollar helped boost global wealth by 4.6% in 2024, accelerating from 4.2% in the previous year. Within this, a significant cohort dubbed EMILLIS – Everyday Millionaires with Investable assets of between one and five million dollars – saw their population quadruple since 2020 to 52 million by the end of 2024.
Canadian mutual fund sales rebound, ETF sales increase

1 week ago | wealthprofessional.ca | Steve Randall

The latest investment fund stats for May have been released By Jun 20, 2025 Canadian mutual funds experienced a significant turnaround in May, with ETFs continue to show positive net sales and asset growth. This follows April’s mixed fortunes for investment funds that saw a clear divide in investor choices with ETFs still selling strongly compared to net redemptions for mutual funds.
Financial planning for Canada's newcomers; an untapped market?

1 week ago | wealthprofessional.ca | Steve Randall

How advisors can meet the demand for financial advice and insurance By Jun 20, 2025 Canada’s population growth slowed in the first three months of 2025, according to Statistics Canada data released this week. But there was still a net increase of 20,107 people and the number of newcomers was more than 104,000.
Advisors want simple, flexible alternative investment products, but the market is lagging

1 week ago | investmentnews.com | Steve Randall

Alternative investments may need a rebrand at some point, because they are becoming less ‘alternative’ and more mainstream, especially among younger investors. But even as demand in areas such as private markets grows, advisors are often left scrambling for clear information and education, and a lack of suitable products for a retail client base. Something the alts industry needs to address.
WealthONE Bank’s takeover by Canadian investors consortium gets green light

1 week ago | wealthprofessional.ca | Steve Randall

Federal government has approved the acquisition of the Schedule 1 bank By Jun 19, 2025 Digital bank WealthONE Bank of Canada will be acquired by a consortium of Canadian investors following the approval of the deal by the federal government. The investors, led by Globalive, announced their intention to acquire a majority stake in the Schedule 1 bank in February 2024 and they are now able to acquire all the issued and outstanding shares in the bank.
From the largest manufacturers to the smallest exporters, tariffs are biting

1 week ago | wealthprofessional.ca | Steve Randall

Separate reports highlight the pressure Canadian businesses are facing By Jun 19, 2025 When President Trump announced that tariffs would be placed on many of the goods that Canadian businesses export to the US, the impact was theoretical. Now it is a reality.
Pet wellness: How animal care is catching up with human trends

1 week ago | globalpetindustry.com | Steve Randall

Well-being provisions for pets have historically been rather simplistic: walks and toys for dogs, scratch posts and catnip-infused mice for cats. But pet ownership is shifting from caretaking to curating lifestyles. This change is redefining what pet services look like in 2025, with emerging categories that would once have seemed excessive now becoming viable business opportunities.
Fund managers’ sentiment rebounds to three-month high, says BoFA

1 week ago | wealthprofessional.ca | Steve Randall

Investors are seeing a slightly better outlook but weakness is still key By Jun 18, 2025 Investors are coming to terms with the new realities of the global economic and geopolitical landscape and are now feeling a little more optimistic. The latest reading of the Bank of America Global Fund Manager Survey shows a three month high for sentiment between June 6-12. The 3.3 score is the best it’s been since March, before Trump’s tariffs shook the world’s businesses and markets.
Canadian investors spent billions of dollars on Treasuries in April, stats reveal

1 week ago | wealthprofessional.ca | Steve Randall

Foreign investors exposure to Canadian securities fell more than $9 billion By Jun 18, 2025 Canadian government bonds were out of favour with non-resident investors in April while Canadian investors snapped up Treasuries. The newly released data from Statistics Canada reveals that Foreign investors reduced their exposure to Canadian bonds by $25.1 billion, driven by retirements of bonds, mainly those with an original maturity of 2 to 10 years.
Home prices up 10% at best, but at worst they are down 12%

1 week ago | investmentnews.com | Steve Randall

Investing in residential real estate is never a consistent story nationwide and that’s certainly the case right now as home prices vary across the US, from those areas with strong gains to those with losses. New stats from RE/MAX shows that the median sale price nationwide was $442,000 in May, up by a modest 0.6% year-over-year ($2,500) and 1% month-over-month. But this belies a variation of more than 20 points between the best and worst performing markets.