financial advisors parksville - carly broetz

Financial Advisors Team in Parksville Continues to Expand

Precision Wealth Management is pleased to announce the arrival of Carly Broetz. Carly joins the growing financial advisory team at our office in Parksville.
Carly comes to Precision Wealth from Fidelity Investments of Boston Massachusetts, and was based in their Vancouver office. Fidelity is one of the largest investment asset management companies in the world.
Carly brings her energy and client relationship skills to our company. She looks forward to collaborating with our team of financial advisors in delivering wealth management services to Parksville, […]


Iwona Nicastri Named to Young Guns 2019 List

Precision Wealth Management is thrilled to announce our very own Iwona Nicastri has been selected by Wealth Professional as one of Canada’s top young professionals.
Here are some details from the article:
What makes a wealth professional a Young Gun? It is their contributions to the industry at a young age, the products they’ve developed, the leadership roles they’ve taken on, the awards they’ve won?
The answer is all of the above – and then some. The 2019 Wealth Professional Canada Young […]


5 Reasons to Open an RRSP

A Registered Retirement Savings Plan (RRSP) is an account, registered with the federal government, that you use to save for retirement. There are a number of benefits to saving in an RRSP.
1. Contributions are tax deductible
You claim your RRSP contribution as a deduction on your tax return. And if your income is lower in a year, you can carry forward the deduction for your contribution to a future year when your income may be higher. That way, your tax savings are greater when you’re in […]


What it Means to “Live Wealthy”

What do we really mean by Live Wealthy when we consider how to best manage our clients’ finances? At Precision Wealth, we believe this means something much deeper and more significant to the human experience than traditional definitions suggest.

First, let’s consider the definitions:

Definition of “wealth”  welTH – Noun

An abundance of valuable possessions or money; e.g., “He used his wealth to bribe officials.”
Affluence, prosperity, riches, means, substance, fortune:

the state of being rich; material prosperity; e.g., “Some people buy boats and cars to display their […]


Reflecting on a Turbulent Year: Diversify, Stay Disciplined

This past year the markets fluctuated again and again. After years of low volatility, this year saw lots of volatility, especially towards the end. We’ve written about this recently, and believe it’s important to go back to our core thesis: Markets work.
Markets are Unpredictable Short-Term
The uneasy part of the market is that no one knows where it will go short term. There are many articles in the media telling you which way it’s going to go and when. That […]


Rise Above Advertisements with Misleading Claims

I’m sure many of you have seen the Questrade TV advertisements that steadily feature a blasé or disinterested Investment Advisor sitting with his informed client. The premise is that the Advisor is indifferent and charges exorbitant fees for investments. The client is there to inform the Advisor that they are moving their account, and tell them they can get their services cheaper—up to 30%—with Questrade.
On so many levels, this series of ads make me uneasy. Here are my viewpoints:

There […]


Fasten Your Seat Belts for Market Turbulence—Keep Your Eyes on the Destination

To anyone who has travelled, a familiar announcement over the loudspeaker goes something like this:
“Ladies and Gentlemen, this is your Captain speaking. We are experiencing some turbulence and we ask you to remain in your seats with your seat belts fastened.”
This is an easy quote to apply to the current conditions in the stock market, and those seen in the past few weeks. I do think though, that the Captain could easily add some crucial points:

Despite the turbulence, which […]


Looking Beyond ‘Problem Ahead’ Market Headlines

We have now entered the final quarter of 2018 and the somewhat typical, late year market volatility is upon us. More specifically, the types of market fluctuations that are often associated with October are occurring—not that I feel this will be an October like 2008.
Finding a Balanced View
Much is debated recently in financial media about the lateness of the business cycle, and the high valuations of the stock market generally, not to mention the daily published barrage of ‘end […]


GIC Rates Centre

Precision Wealth Management is pleased to announce the launch of our GIC centre on the main website. Please look at banner at the top for Today’s GIC Rates. We update daily. We will add an option to have you sign up for a weekly email showing best rates of the week.
As Registered Deposit Brokers we can offer you the best GIC rates from dozens of major financial institutions. Because we are independent, we have access to many institutions and […]


A Look Behind the Scenes

On April 17 our Advisory team attended a full day learning event in Vancouver. We had the chance to connect in person with top managers and strategists in the money management industry. Eight different Portfolio Managers discussed current market conditions and economic events. After a long day of deliberation, we left with extensive notes and several points to share with you.

Key Take-Aways

The 2018 outlook remains robust because of solid earnings and favourable US tax policies, but caution is needed […]