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Many grandparents are looking with alarm at the high costs of education and homes, the impact of high interest rates and inflation, the disappearance of defined-benefit pension plans, and recognize that their grandchildren face significant hurdles on their journey toward financial security. In turn, some are stepping in to help.

“We’re working with several of our clients who have multiple grandchildren to create a plan for helping [them out],” says Maili Wong, senior wealth advisor and senior portfolio manager with the Wong Group at Wellington-Altus Private Wealth Inc. in Vancouver.

“It’s almost like a generation-skipping benefit, but in a way, it also inherently helps their adult children create a nest egg for the kids.”

To read the full article, please visit The Globe and Mail Website.

Smart Risk

About Smart Risk

Investing is risky, and successful investors know what it means to take “smart risks.” In Smart Risk, leading wealth catalyst and portfolio manager Maili Wong shares her techniques through the power of storytelling, to help Canadians build an investment strategy and roadmap leading to a Work-Optional Life – having the freedom to live the lifestyle you choose, regardless of market conditions. Visit to learn more.