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Assante Capital Management Ltd. July 2017

Assante Wealth Management

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The McClelland Financial Group

The McClelland Financial Group Celebrates 25 Years Strong

Observations from the “New Girl in Town”

By Amber Mazurkiewicz

The McClelland Financial Group celebrated “25 years Strong” at the McMichael Art Gallery in Kleinberg this past June. 

As the McClelland Financial Group’s newest member, I was so proud to be part of such a delightful event.

The McMichael Gallery hosts one of the most diverse collections of Canadian art, making it a very appropriate venue choice during Canada’s 150th celebration year. The view from the gallery's large panoramic windows to the graceful lawns, gardens and matures trees created a lovely setting to host our clients.

Guided tours of the gallery were offered on the hour as well an amazing culinary experience by Encore Catering; of hot and cold passed hors d’oeuvres and chef-attended fresh pasta and carving stations.

Canadian songster Peirson Ross and our own Mike Connon played guitar for our guests.

As the new Marketing Associate, it was a great opportunity to meet and greet so many happy clients and start to put faces to the names that I often encounter. I heard many thoughtful stories about how people became our clients and the many years of valuable service TMFG has provided.

The TMFG team put together a fantastic event.

Thank you to all our clients for their many years of support and for welcoming me into the fold. I look forward to working with you all in the near future.

To the next 25 years!

Dan Solin, The Huffington Post »

Canadian Banks Don’t Return Your Love

You can’t spend meaningful time in Canada without hearing how much Canadians love their banks. There are five large banks in Canada that dominate the banking industry. Their activities pervade all aspects of the financial lives of Canadians, including investing.

Justifiable pride

The pride Canadians have in their banks is largely justified. According to this assessment, the banks are perceived as stable and secure. They charge low fees and provide good value. It’s fairly easy to switch from one bank to another in an effort to save fees. The online services offered by the banks are convenient and easy to use.

That’s a lot to like!

Ethical challenges

The lofty image of Canadian banks has recently taken some troublesome hits. According to one report published March 6, 2017, three employees of TD Bank Group said they were under “incredible pressure “ to squeeze profits from customers by signing them up for unnecessary products and services. The Bank denied the allegations.

Subsequently, employees from all five of Canada’s big banks “flooded” CBC News with over 1000 e-mails “with stories of how they feel pressured to upsell, trick and even lie to customers to meet unrealistic sales targets and keep their jobs.” Again, the banks denied these allegations.

Continue reading...

Ask your advisor»

Market volatility? Yes, please!

Over the past 6 - 12 months, client meetings have been quite enjoyable. Why wouldn't they be? When global markets "co-operate", our client portfolios share in that success. But I would be remiss if I didn't remind clients that the "goings" won't always be good.

I can't stress the importance of remaining disciplined when volatility, inevitably, rears its ugly head.

Attached is a chart that illustrates the performance of $1 invested at the peak of the market prior to the 5 most recent market downturns since 1980 (at least -20%). We are comparing the results of two portfolios 5 and 10 years following the date of the market high point: 100% stocks and a balanced portfolio of 60% stocks/40% bonds. The latter portfolio having an element of safety from the bond exposure.

Click here to view an enlarged version of the chart

The "balanced portfolio" recovered its paper losses and provided growth over the next 5 and 10 year periods (following the market high) in all 5 market downturns. The 100% stock portfolio recovered in all but one 10 year period, after the market high.

All types of investments come with some form of risk. The stock market's risk is the volatility of market value. A guaranteed investment's risk is the loss of purchasing power over time.

In my opinion, the most important investment conversation is had at the initial stage of formulating the investment plan. The question then becomes, which risk are you willing to accept? The answer should be the one that provides the rate of return necessary for the success of the long-term plan.

If you are invested in the market, then you have accepted the fact that the market (and your portfolio) will fluctuate in value. Stay confident knowing the risk you have taken on will provide the returns that lead to your successful long-term plan.

 

Carlo Cansino, FMA, FCSI, CFP
Senior Financial Advisor

The McClelland Financial Group
of Assante Capital Management Ltd.

Refer a Friend and You'll Both Be Well Advised.

We at the McClelland Financial Group are here to help. If you have a friend or family member that you think could benefit from our advice we would be happy to assist.

7787 Yonge Street, Thornhill, ON, L3T 7L2
www.tmfg.ca | [email protected]
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Copyright © 2017 The McClelland Financial Group.

Assante Capital Management Ltd. is a member of the Canadian Investor Protection Fund and is registered with the Investment Industry Regulatory Organization of Canada. This material is provided for general information and is subject to change without notice. Every effort has been made to compile this material from reliable sources however no warranty can be made as to its accuracy or completeness. Before acting on any of the above, please make sure to see me for individual financial advice based on your personal circumstances. Insurance products and services are provided through Assante Estate and Insurance Services Inc.

Commissions, trailing commissions, management fees and expenses, may all be associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the Fund Facts and consult your Assante Advisor before investing.

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