Archive: February, 2010

No shortcuts to building wealth

Posted By David Lloyd On February 24th, 2010

For almost thirty years of my career, I’ve gained immense satisfaction from helping our clients develop sound tax and wealth management strategies. And I’ve been blessed to watch them enjoy the rewards of their disciplined habits through greater wealth, health and happiness.

So I was struck when I read the Globe & Mail piece on ‘the nine milestones of a financially sound life’ according to Moshe Milevsky, a university finance professor.  While a good deal of what Milevsky has to offer is sound, I would caution against adopting some of the recommendations in the article. Two subjects in particular caught my attention: income taxes and saving:

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Newport Partners among top 20 Private Banks in Canada

Posted By Kelly Willis, Editor On February 23rd, 2010

Euromoney magazine released the results of its annual global private banking survey.

We’re pleased to have made the top 20 in Canada list again this year.

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The Euromoney survey consists of a two-part on-line questionnaire measuring growth performance and ratings by peers at competitive and non-competitive firms.  More than 1,300 people participated worldwide representing $6.8 trillion of assets under management.

It’s great to see the addition of some new names to the list – good independent firms — that add to the mix of large Canadian and global institutions.

Overall I think Canadians are very well served and have a high quality selection of financial advisory firms to choose from. The challenge of course is in finding the one that’s right for you. So if you happen to be in the market, here are some things to consider when hiring an investment advisor.


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Read between the headlines for opportunity in commercial real estate

Posted By Peter Churchill-Smith On February 15th, 2010

If you’ve been reading the headlines coming out of the U.S. recently, you know the bottom’s falling out of the commercial property market. Defaults, delinquencies and foreclosures on office buildings, retail centres, industrial warehouses, etc. have swept the country. Pretty bearish conditions for mortgage holders on these properties.

In Canada, however, despite a difficult recession, the situation is quite a bit different.  And this is creating opportunities for investors north of the border.

So say Don and Ben Rodney– two experts who ought to know.

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How entrepreneurs – and smart investors – really succeed

Posted By Kelly Willis, Editor On February 4th, 2010

 

i-4559773ac6dd212a8a9b67827ae9ed12-bousadanew(1).jpgLate 2008 and early 2009, financial markets were in crisis and the world was in deep economic recession.

The prevailing wisdom was to invest in ‘obvious survivors’. Food, pharmas and other non-discretionary goods that penny pinching consumers couldn’t live without.

Good strategy.  But as investors stampeded into those stocks, the relative upside became less attractive.

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