Wealthsimple Inc. is marking Financial Literacy Month with a two-part series of information sessions on how women can build financial confidence.
The sessions cover estate planning, individual and joint money management, investing, wealth building and pre-retirement strategies, says Diana McLachlan, the organization’s chief people officer.
She notes the company’s overall approach to financial literacy emphasizes clarity and weaves financial learning through the full employee experience. Financial education is reinforced through regular sessions and lunch-and-learns on topics such as equity compensation, investing basics and tax planning. The company also offers a low-fee employer-sponsored retirement program.
Read: 55% of women employees want to improve financial literacy: survey
McLachlan says this focus on clarity and accessibility also guides the organization’s work providing Canadian employers with group savings options designed to support financial well-being.
“These initiatives support how we approach financial literacy. Our goal is to help people build confidence through clear information, whether they are clients using our platform or employees learning about their rewards.”
Canadians are relying on fewer financial-advice sources than they did five years ago, according to a 2024 survey by the Financial Consumer Agency of Canada.
It found 76 per cent of Canadians sought financial advice from one or more sources in 2024, down from 87 per cent in 2019. It highlighted ongoing gaps in confidence, planning and clarity and points to why the workplace is playing a larger role in financial education.
Read: Desjardins promoting financial literacy through personalized advice, program for young workers