Like any other professional service, financial advice has a cost. This is not debatable. Contrary to what people may think, good financial advice is not free. Before asking yourself, “how much are my fees?”, a more appropriate question is, “how is my financial advisor compensated?” The most common compensation models that financial advisors employ are …
As of close on August 21, 2015 the TSX was down 5.6% (CAD) for the week (-7.9% YTD) and the S&P500 was down 5.8% (USD) for the week (-4.3% YTD). I’d say that it was a bad week in the market. It’s a good thing that nothing has changed in my financial situation or with …
Our office has been very fortunate. The Lunch and Learn presentations have been successful in driving interest to our office from prospective clients. In the prospective client meetings, I am noticing a growing trend – people are concerned with the sustainability and solvency of our dealer, Assante Capital Management Ltd. This is not due to …
For those of you who attended McClelland University earlier this month, this will be a refresher. President and founder of The McClelland Financial Group, Rob McClelland, opened the event with his presentation entitled, “How to survive the coming bear market”. By the end of the presentation, the general feeling was “I need to embrace the …
In our business, we come across many Canadians who are diligently socking away savings for their retirement. RRSP contributions, TFSA contributions, non-registered assets and if they are fortunate enough, their savings will be augmented by an employer sponsored pension plan. Sounds like a great plan, no? Their first mistake is assuming that their financial plan …
Investment plan vs. financial plan…. what’s the difference? Read More »
My wife and I have a very embarrassing Christmas tradition. We pop some popcorn and watch a marathon of cheesy made-for-TV Christmas movies. We get cozy on the couch and under a quilt to stay warm. Like other quilts, ours is quite colourful and loud – an eyesore perhaps to some. But underneath all the …
Gobble Gobble! It’s that time of the year again for our southern neighbours to celebrate Thanksgiving. In the US, Thanksgiving is more than just about being with family, eating turkey and giving thanks for all that they are fortunate to have – it is about football, parades and Black Friday shopping. American thanksgiving is predictable …
Well, it has happened again. Volatility in the equity market is affecting investor sentiment. There are increased calls to the office about Ebola and how it is affecting the markets. Client meetings are centered around the price of oil and how it will affect retirement plans. However, this is no surprise. We expected the inevitable …
When the market becomes a roller coaster, remember these truths: Read More »
Those of you who didn’t attend our August Lunch and Learn missed an important lesson in managing behaviour in volatile markets. With the equity market close to doubling in value over the last 5 years, it is now even more important that clients take control of their emotion-based decision making process. [youtube]https://www.youtube.com/watch?v=ea2JIHs-tBk[/youtube] We followed the …
As of December 2013, just less than half of Canadians (48%) have opened a Tax Free Savings Account (“TFSA”). This sounds like great take-up given the infancy of the TFSA (created in 2009), but in my experience I have found that there is a common misconception about the TFSA. In too many instances, I have …
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Disclaimer | Assante advisory services are offered through Assante Capital Management Ltd. Assante Capital Management Ltd. is a Member of the Canadian Investor Protection Fund and Investment Industry Regulatory Organization of Canada. The services described may not be applicable or available with respect to all clients. Services and products may be provided by an Assante advisor or through affiliated or non-affiliated third parties. Some services and products may not be available through all Assante advisors. Services may change without notice. Insurance products and services are provided through Assante Estate and Insurance Services Inc.
