Your WP Morning Briefing brings you a daily update of the stories we’re covering at WealthProfessional.ca including:

• Markets react to the Fed chair Jerome Powell's speech at the Jackson Hole conference which signalled more rate hikes ahead.
• Billionaires are a rare breed with just 3,311 globally according to recent data. But what do people think of them?
• ESG strategies that are most likely to draw investor capital are not always the ones that are greatest at addressing the risks, but rather the ones that are the least expensive.

These stories in full at wealthprofessional.ca and in our newsletters, plus: Big Six banks are bracing for a negative credit cycle; Ninepoint hikes monthly distribution for its energy income fund; and Wealth Professional recognizes the investment managers that are hitting all the right notes for advisors across Canada