11 | O akville B eaver | T hursday,M ay 2,2019 insidehalton.com FREE COUNSELING &SUPPORTFOR ALCOHOL, DRUGandGAMBLING PROBLEMS @haltonadapt Providing services for Youth, Adults and Families in Halton since 1975 ADAPT services are free of charge, fully accredited and confidential Visit our website for more information Wealth managementWealth managementW will change and evolve in the coming decades, influ- encing how you receive fi- nancial advice. Future change will happen, in part, because the profile of investment clients will change. A 2014 Credit Suisse survey esti- mated half of the world's population was under 30 years old. This group will shape the future. They will earn, and they will inherit. The global manage- ment consulting firm Ac- centure has reported an estimated $30 trillion will be passed down to the next generation over the next 30 to 40 years in the United States. That is the largest intergenerational transfer of wealth in his- tory. Many firms are work- ing to make artificial in- telligence (AI) a crucial part of financial advice. My prediction is cli- ents with smaller invest- ment accounts will be sig- nificantly served by AI- powered distribution channels, as it's not eco- nomical for them to work directly with highly qual- ified, costly profession- als. Many Canadian fi- nancial institutions have already started to segre- gate clients based on asset size. AI will play an impor- tant role in how financial advice is distributed. However, younger inves- tors have grown up with technology; they are used to obtaining services with a swipe or a click on a smartphone. The wealth manage- ment industry will need to offer more. According to the Young Investors Organization, sponsored by Credit Suisse at the 2019 World Economic Forum annual meeting, the human fac- tor is more important in wealth management than AI is. A bit different from what the media is saying. Clients with signifi- cant assets will demand a "high-tech, high-touch" approach, combining ad- vanced technology with strong personal relation- ships. AI will support this relationship but won't drive it. This group will want a trained professional to understand their finan- cial objectives but more importantly to bring the human element into the equation. Financial advisers serving this market will need strong empathy and personal skills, combined with technical ability in the areas of financial planning, investments, tax and estate planning. The world is changing, including the important area of wealth manage- ment. Firms will adapt and change, and those that don't will make way for new competitors to en-for new competitors to en-f ter the market. Peter Watson, of Peter Watson Investments MBA, CFP, RFP, CIM, FCSI, offers a weekly financial planning column, Dollars & Sense. He can be con- tacted through www.pe- terwatsoninvestment- s.com. THE FUTURE OF WEALTH MANAGEMENT OPINION HUMAN FACTOR MORE IMPORTANT THAN EVER, WRITES PETER WATSON PETER WATSON Column SAVE 20% ALL PERENNIALSPERENNIALSPERENNIALSFLOWERINGSHRUBS LANDSCAPER SIZEANDSCAPER SIZE 5 gal. ChooseChoose from Royal Purplefrom Royal Purple Smokebush, PurpleSmokebush, PurpleSmokebush, PurpleSmokebush, Purple Sandcherry, DwarfSandcherry, DwarfSandcherry, DwarfSandcherry, DwarfSandcherry, Dwarf Burning Bush andBurning Bush andBurning Bush andBurning Bush andBurning Bush and more. Reg. $49.99more. Reg. $49.99more. Reg. $49.99more. Reg. $49.99more. Reg. $49.99 3999 SAVE $10 SAVE 20% ENTER FOR YOUR CHANCE TO WINA $100 GIFT CARD ALL PATIO SETS ON SALE! Includes NEW 2019 collections $800SAVEUP TO Selection may vary by store. Selection may vary by store. Selection may ALL LANTERNS THE BIG KICK OFF PATIO FINAL WEEK! FREE DELIVERY ON ALL PATIO FURNITURE See store for details Purple Smokebush, Sandcherry, Dwarf Burning Bush and more. Reg. $49.99 393939 SPRING PATIO PLANTER 12" pot. Reg. $39.99 3299 CLEMATIS IN BLOOM 2 gal.2 gal. Reg. $34.99Reg. $34.99 2499 SAVE $7 SAVE 20% ALL UMBRELLAS From $99.99 EAVS 20%VISIT USONLINE FOR MORE UMBRELLAS ALLALLALLALL From $9.99 Full details available online. *Excluding May 11,12,18,19. SAVE $10 LOOK AT ME HANGING BASKETS RRReg. $29.99/eacheg. $29.99/eacheg. $29.99/eacheg. $29.99/eacheg. $29.99/eacheg. $29.99/each 2 for $50 CLICK HEREFOR MORE PERENNIALS TERRA Essentials notEssentials notEssentials not includedincludedincluded 1 Gift Card drawn daily!* VISIT US ONLINE FOR MORE PATIO FURNITURE ING OTIALL PA !LEA S ON STSE Wncludes NEI THETHE FOLLOW US ON: www.terragreenhouses.com OPEN 7 DAYS A WEEK Sat /Sun/Mon/Tues 8am - 6pm I Wed/Thurs/Fri 8am - 8pm All items while quantities last, subject to availability. Category offers exclude "TERRA Essentials". SALES PERIOD || MAY 2-8,, 2019 JOIN & SAVE! A 010