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Assante Capital Management Ltd. July 2021

Assante Wealth Management

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with TMFG

Your Monthly Update on Everything Going On in Your TMFG Financial World All in One Place. Ask TMFG videos, Our Podcast, Fun and Interesting Articles, Updates, Events and More.


 

Announcements
A special message from the TMFG team

Welcome Back!

In September, we will be opening our doors once again and begin to see clients for in-person meetings. After a great deal of thought, research and discussion, we have decided to implement a mandatory vaccination policy. Our priority is the health and safety of our clients and our team. Our team is fully vaccinated, and as such, we are requesting that you are as well. We understand that this may not be possible for all individuals. If you find yourself unable to receive the vaccine, we request that we continue to meet virtually. In an effort to respect your privacy, we will simply ask, “Are you vaccinated” on your meeting reminder.

Here’s Why We Are Making This Request:
• Being in an older house, our office has a poor ventilation system.
• A number of our clients are older and at higher risk.
• We have immune-compromised team members.

We thank you in advance for your co-operation. Should you have anyquestions or concerns, please do not hesitate to reach out.

We wish you a safe and happy Summer.

 

THE ENVIRONMENT
Light Read – Useful and Relevant

The Environment

Renewable energy now cheaper than ever!

Renewable energy has long been seen as the primary energy source for the future. The initial issue with it was how expensive it was to produce. Thanks to advancements in technology that is no longer the case.

View Infographic 

#Green #Energy #ClimateCrisis #GreatReset

John Iaconetti B.A.S., Spec. Hons. Administrative Studies (Finance)
Financial Advisor
The McClelland Financial Group of Assante Capital Management Ltd.

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THE ENVIRONMENT
Light Read – Useful and Relevant

The Environment

Great Ice Meltdown

View Infographic 

Get In Touch

 
 

OPINION
Light Read – Editorial

Opinion

The Rich Kid

In most Family Meetings, I know what to expect — parents inform their children about their estate distribution, children learn their roles, and are either happy or confused. However, about a year ago, we had a Family Meeting with Simon and Mary take an unexpected turn. Usually, we think of families fighting to get their share of their parents’ net worth. In this Family Meeting, one of their children surprised us all.

Patrick lived in California and worked in the tech industry. Although not discussed, his family suspected that he was doing well financially. During our Family Meeting, when discussing Simon & Mary’s wills, Patrick requested to be excluded. This came as quite a surprise to his parents and sister. Simon and Mary were adamant that they wanted to treat their children equally. Patrick insisted that he would prefer to be left out. After a lengthy and heart-felt discussion, Patrick was able to explain his reasoning. His portion of the inheritance would not affect his life financially, but he knew it could greatly benefit his sister and her children.

Three things were accomplished in this meeting:

1. The parents were quite proud of how successful their son had become and only became aware of it following his selfless act.

2. His sister was grateful for the generosity. It relieved her of some retirement savings pressure and other potential shortfalls.

3. We were able to uncover some cross-border issues that needed to be addressed. Many times wills and powers of attorney are not adjusted when children relocate out of the country. This can be a significant issue if the child is required to act as a power of attorney or an executor in the future. We discussed these issues, and the clients took immediate action by setting up a meeting with their lawyer.

It is said that money changes people, and most often, it’s meant in a negative way. I am happy to share this particular story because it illustrates that money can also positively influence people too!

Contact us today to set up your Family Meeting!

Michael Connon B.Sc, CFP®
Senior Financial Planner
The McClelland Financial Group of Assante Capital Management Ltd.

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ROB'S READ
Medium Read – Interesting, useful and relevant finds by Rob McClelland.

Rob's Read

Inspired To Retire? Here Are 10 Tips To Do So In Wealth, Health, And Happiness

Forbes.com:

"Surprisingly, the coronavirus pandemic was a strong impetus for some people to retire early. This trend results from a pendulum that swings from record-breaking stock values to a radical shift in mindset to focus on personal happiness. For those 2.5 million Americans who retired in the past 15 months and for individuals who are simply contemplating retiring soon, here are the top 10 considerations for living a wealthy life where health and happiness are the new currency."

View Article 

Rob McClelland RFP, CFP®, HBA
Vice President, Senior Financial Planner
The McClelland Financial Group of Assante Capital Management Ltd.

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LIFESTYLE
Light Read – Fun and Enjoyable!

Lifestyle

How to be a frugal traveler
and still have fun

With travel restrictions starting to ease, many people are looking at finally getting away. Here are some tips to save some money while still having fun on your vacation.

View Article 

#travel #saving #canada #global #vacation

Michael Ams B.Com.
Strategic Associate
The McClelland Financial Group of Assante Capital Management Ltd.

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Please email [email protected]

 

Ask TMFG

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THINK SMART
Podcast – Listen to Mike and Rob and their latest thoughts and industry insights

Think Smart

 

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Copyright © 2021 The McClelland Financial Group.

Assante Capital Management Ltd. is a Member of the Canadian Investor Protection Fund and 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.

Certain employees of (TMFG Tax Service) maintain a relationship with Assante Capital Management Ltd. ("Assante") through which they sell investment products. The relationship that they have with Assante does not include tax preparation services which (TMFG Tax Service) is solely responsible. (TMFG Tax Service) is not associated in any way with Assante, and Assante has no responsibility for the tax preparation services offered by (TMFG Tax Service).

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