Smart Advice with Carissa Lucreziano Podcast Por CIBC arte de portada

Smart Advice with Carissa Lucreziano

Smart Advice with Carissa Lucreziano

De: CIBC
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Do you want to make the most of your money? Build wealth for your future? Better manage your debt? Smart Advice is a podcast that brings you financial advice, investment strategies and economic trends. Join CIBC's financial advice expert, and Certified Financial Planner Carissa Lucreziano, for conversations about money – and investing with timely insights from leading experts. You’ll learn how make the most of your money…and how to make sense of this economy.CIBC Economía Finanzas Personales
Episodios
  • Smart Advice Podcast: Best of 2025

    Smart Advice Podcast: Best of 2025
    Dec 1 2025
    Here are three reasons why you should listen to this episode:Discover the key themes shaping financial decision-making, from economic shifts to evolving investor needs.Understand how resilience emerged as the strongest guide for navigating uncertainty.Learn how expert insights can inspire clearer and more confident choices moving forward.ResourcesCIBC's "Smart Advice" Podcast and Website - Website | Apple Podcast | SpotifyVisit CIBC for more Smart AdviceEpisode Highlights[00:21] Season Wrap-Up: The Themes Defining Financial Decision-Making Over the episodes throughout Season 3, Canadians faced shifting economic conditions and changing financial needs.Host Carissa Lucreziano reflected on how each conversation revealed what people were working through.Resilience emerged as the strongest theme as guests showed how steady planning created opportunity.[02:25] Carissa Lucreziano: “In order to build the resiliency of our country's economy, you have to think about things in the long term, and you also have to go with what we're good at, and what we are good at in this country is natural resources.”The season showed the clear priorities and choices that helped Canadians stay focused on what they could control.[01:50] Lisa Raitt: Resilience and Economic Opportunities in CanadaCanada’s economy showed strengths extending beyond the headlines.Lisa Raitt pointed out that Canada’s natural resources and innovation hubs as long-term advantages.She emphasized how focusing on what Canada did well supported national resilience.Her insights highlighted why a broader view helped Canadians see opportunity in shifting global conditions.[03:32] Andrew Grantham: Housing Market Realities Across ProvincesHousing trends continued to shift as interest rates and regional conditions evolved.Senior Economist Andrew Grantham explained why affordability pressures persisted in major provinces.He noted the large urban markets remained buyer-heavy, creating downward pressure on prices.[04:37] Andrew Grantham: “What we are seeing there is that this is still a buyer's market. There are still more sellers than there are buyers, and that is putting a little bit of a downward pressure on prices.”His perspective gave Canadians a clearer sense of the regional forces affecting home decisions.[04:48] Ian Gallagher: Entrepreneurship, Innovation and Succession PlanningEntrepreneurship continuously reshaped Canada’s economic landscape, adapting it to new technology and ideas.Ian Gallagher explained younger companies used digital tools to drive growth and margins.He also highlighted how immigrant entrepreneurs brought creativity and momentum to many sectors.His insights showed why business owners benefited from planning early for future succession.[06:13] CIO David Wong: Investing Wisely Through Short-Term NoiseMarket volatility continued to test investor confidence throughout the season.Chief Investment Officer, David Wong explained how emotional reactions often led to missed financial gains.He explained why diversification and patience played a key role in navigating uncertainty.The conversation encouraged Canadians to stay aligned with their timeline rather than the daily news. [07:24] Aaron Young: Fixed Income’s Role in a Balanced PortfolioFixed income remained a steadying force during uncertain market periods.According to Aaron Young, bonds helped offset equity risk and protect capital.He emphasized that fixed income still held value for investors at every experience level.His guidance reinforced the importance of keeping fixed income as part of a balanced portfolio.[08:36] Meric Koksal: Alternative Investments and Intergenerational Wealth PlanningAlternative assets became increasingly relevant as investors searched for new sources of return.In her conversation with Carissa, Meric Koksal outlined why private equity, private credit and real estate gained traction.She noted how longer time horizons supported higher potential growth for younger generations.Her perspective showed how alternatives complemented traditional strategies and strengthened family planning.[10:20] Michael Keaveney: Teaching Financial ResponsibilityBuilding strong money habits early continued to shape long-term outcomes for young Canadians.As Michael Keaveney discussed in his episode, giving children a voice encouraged responsibility and confidence.[10:48] Michael Keaveney: “I think it's entirely appropriate and a good idea for children to learn that the money didn't fall out of the sky, that a plan was put together, a conscious choice was made, maybe even at the expense of other options, and as time goes on, the child can have an increasingly a voice in that plan.”He explained how involvement supported better financial literacy over time.His insights highlighted how even small contributions taught meaningful lessons.[12:19] Richard Voss: Estate Planning and Lifetime GivingLifetime giving emerged as a meaningful approach for modern estate planning.In ...
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    19 m
  • Protecting your legacy: Succession strategies for business owners

    Protecting your legacy: Succession strategies for business owners
    Oct 27 2025
    Here are three reasons why you should listen to this episode:Understand how Canadian businesses can prepare for generational wealth transition.Gain practical tips on business succession, valuation, and managing complex family dynamics.Reflect on the emotional side of entrepreneurship and how legacy planning shapes the future.ResourcesCIBC's "Smart Advice" Podcast and Website - Website | Apple Podcast | SpotifyVisit CIBC for more Smart AdviceIain Gallagher: LinkedIn | CIBC ProfileEpisode Highlights[00:31] The Changing Landscape of Canadian BusinessCanada’s business environment has undergone several changes in recent years.Entrepreneurs have faced challenges from the pandemic, supply chain disruptions, inflation, and staffing shortages.Despite uncertainty, Canadian businesses continue to show strength and adaptability.Iain Gallagher believes that resilience and optimism still define today’s entrepreneurs.[03:28] A New Generation of EntrepreneursMore Canadians than ever aspire to start their own businesses.Younger entrepreneurs are blending creativity with technology to reshape traditional industries.Many are bringing fresh perspectives through lifestyle, wellness, and tech-driven ventures.Iain highlights the growing impact of immigrant entrepreneurs on Canada’s business growth.[06:07] Building the Foundations of a Modern BusinessToday’s business owners must embrace technology from day one.Digital tools now drive marketing, sales, and operations, reducing costs and improving efficiency.Strong financial systems are vital to support decision-making and sustainable growth.Iain explains how modern entrepreneurs can scale faster by leveraging digital solutions.[07:49] The Great Transition: Preparing for Business SuccessionA large wave of Canadian business owners plans to retire within the next decade.This generational shift poses both risks and opportunities for the economy. It also presents personal challenges for some entrepreneurs.Iain emphasizes the need for families to have open discussions about business succession plans.Preparing early helps avoid rushed transitions and protects the value of the business.[09:40] Iain: “What we really try and encourage our clients to do is have those conversations and really talk about what everyone's goal is and what's the best way of achieving that.”[10:24] Business Succession and Sales ReadinessEven if a sale is years away, owners should start preparing now.Iain outlines three key steps: strengthen financial reporting, delegate management, and share client relationships.Letting go of control allows teams to grow and businesses to operate independently. Many entrepreneurs misunderstand the true value of their business, making preparation even more critical.[12:20] Iain: “As the business matures, grows, the number of people you have working for you increases. Owners really have to take a step back.”Strong financial systems, clear reporting, and solid management make a company more attractive and valuable to buyers.[15:27] The Emotional Side of Letting GoSelling a business is deeply personal for most entrepreneurs.Owners often see their company as part of their identity and community.Iain discusses the emotional attachment and the importance of defining success beyond price.Planning for employees’ future and preserving the founder’s legacy helps ease the emotional transition.[18:09] What Makes a Transition WorkA smooth business succession comes from preparation, clarity, and self-awareness.Owners must decide what they want their role to be after the sale.Iain compares selling a business to selling a home. Presentation and readiness matter to potential buyers.Making small operational and financial improvements can significantly boost value.[20:38] The Value of Expert GuidanceThe right advisors can make or break a transition.Iain stresses the importance of having accountants, lawyers, and M&A experts involved early.[21:43] Iain: “We couldn't do what many entrepreneurs do, but similarly, they can't do what we do. So we really encourage people to get the right advisors around them and identify them early on, because again, never want to think of an entrepreneur, business owner, a family, being pushed into transactions when they're not prepared.”Long-term relationships with trusted advisors help owners make informed decisions.A strong advisory team ensures both the business and shareholders are ready when the opportunity to sell arises.[23:16] From Business Owner to Wealth StewardSelling a business creates a new financial reality for entrepreneurs.Many owners need guidance to manage newfound wealth and plan for the next phase.Iain explains how collaboration with financial planners, tax experts, and family members can align goals.[26:09] Reflecting on the Entrepreneurial JourneyCarissa closes the episode by highlighting the dedication and resilience of Canadian business owners.Early planning and honest conversations can make every transition ...
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    26 m
  • Passing on wealth: Strategies to Give, Receive, and Thrive

    Passing on wealth: Strategies to Give, Receive, and Thrive
    Oct 14 2025
    Here are three reasons why you should listen to this episode:Gain insight into the practical and emotional complexities of intergenerational wealth transfer, including the rise of living gifts.Discover how wills and estate plans are key to ensuring your wishes are respected and your family’s future is protected, along with strategies on having open family conversations about inheritance.Learn why financial independence matters and how the younger generation can build wealth beyond inheritance.ResourcesCIBC's "Smart Advice" Podcast and Website - Website | Apple Podcast | SpotifyVisit CIBC for more Smart AdviceRichard Voss: LinkedIn | CIBC ProfileEpisode Highlights[00:20] The Great Wealth Transfer in CanadaCanada is seeing the largest intergenerational wealth transfer in its history.Richard Voss, Director of Wealth Strategies at CIBC, brings years of experience helping families manage the emotional and financial sides of passing on wealth.Gifting wealth while still alive is becoming more popular as Canadians live longer and want to see the impact of their generosity.Many people inherit at older ages, but financial support might have been more useful earlier in life.Giving during one’s lifetime can strengthen family relationships and create meaningful opportunities for the next generation.[02:45] Richard: “And so the question then arises, could a gift have been more effective and valued if they had received it at an earlier age? And I would argue, the answer to that is a resounding yes.”[03:44] Why Having a Will MattersDespite the increasing number of people planning to make a wealth transfer, nearly half of Canadians still don’t have a will.Richard breaks down why this gap exists, from discomfort discussing mortality to the belief that “it can wait.”[05:38] Richard: “Making a will is so important because it provides guidance to your survivors and your executors on how you want your assets divided. It reduces conflicts as your instructions are captured in a clear way and are formally recorded in a legal document.”A clear and legal will ensures your wishes are respected. Without one, provincial laws decide how assets are divided, which can lead to unintended and costly outcomes.However, a will alone is not an estate plan. Richard explains that a complete plan also includes powers of attorney and beneficiary designations.Every family’s situation is unique, and creating a complete plan ensures both financial and emotional peace of mind.[09:17] Starting Family Conversations About Wealth TransferTalking about wealth transfer, inheritance, and legacy can be uncomfortable, but it is necessary.Richard recommends regular family meetings to maintain transparency and consistency.[10:28] Richard: “Having everyone together is better than having separate one on one conversations. It allows for consistency and continuity and the ability to ask questions both ways.”Establishing ground rules helps create a safe, judgment-free space for everyone to share their thoughts.These conversations can strengthen family understanding, align values, and prevent future misunderstandings.[13:42] Building Financial Independence for the Next GenerationRising costs of living mean many young Canadians can’t rely on inheritance alone for financial security.Richard shares practical steps, starting with living within their means and saving with purpose.He outlines the 20/50/30 approach: 20% to savings, 50% to fixed expenses, and 30% to discretionary spending.The focus, he says, should be on developing strong habits early and working with financial advisors to build long-term wealth.[17:40] The Role of Advisors and Ongoing Financial PlanningCarissa reflects on Richard’s advice and emphasizes the importance of consistency and professional support.Together, they highlight how collaboration with a trusted advisor can help Canadians stay on track with financial goals.Richard encourages those living at home or with fewer expenses to take advantage of the opportunity to save more.Commitment and consistency are key to achieving financial goals and building confidence over time.[20:10] Managing and Making the Most of an InheritanceRichard advises taking time to pause after receiving an inheritance, especially if it comes from a loss.It is also beneficial to take the time to reflect, especially after the loss of a loved one..For significant inheritances, he recommends creating or updating a financial plan with professional advice.Even a modest inheritance can strengthen financial stability when used to reduce debt or invest for the future.[22:32] Planning the Future, One Step at a TimeCarissa closes the episode by emphasizing that planning for the future takes time and patience.Even small steps, like writing a will or starting family discussions on wealth transfer, can make a meaningful difference.The key is to start early, involve loved ones, and seek professional guidance when needed.Thoughtful planning today can build ...
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    23 m
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