A wage gap between newly landed immigrants and native-born Canadians may be quite natural for a variety of reasons, but do immigrants narrow this wage gap as they become more attuned to local market conditions? One measure of economic assimilation by immigrants is their wage growth relative to that of other Canadians.
This week’s episode is all about how to close the immigrants’ wealth gap in Canada. I discussed extensively with Rajan how he is using RBC Investease to help immigrants close the wealth gap.
Rajan Bansi is Head of RBC InvestEase, which is an online investment management service focused on helping Canadians invest for their future. Rajan also serves as the Lead Portfolio Manager and the Ultimate Designated Person of the business from a regulatory perspective.
Prior to joining RBC InvestEase, Rajan was the Head of U.S. and Canadian Fixed Income Strategies within the Portfolio Advisory Group at RBC Wealth Management. He also co-chaired the Global Portfolio Advisory Committee (GPAC), which made decisions with regard to the group’s recommended asset allocation.
Rajan is a CFA charter holder who obtained his MBA from Pepperdine University (Los Angeles) and an undergraduate degree in economics at the University of Toronto. An active member of the community, Rajan currently serves on the board of the Toronto Public Library Foundation, Luminato, and the organizing committee of the Writers Trust Gala.
He is a recipient of the University of Toronto’s Arbor Award in 2015 and Pepperdine University’s Golden Torch Award in recognition of his contributions to each university’s respective community.
This is one episode you should not miss and share with everyone you love.
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Special thanks to Rajan Bansi for joining us this week. Until next time!