To be an Islander or not to be an Islander?

While I am far from a poet, I would consider myself an Islander, having spent the first quarter century of my life on Vancouver Island. In 2012, following the completion of my Business Degree, my wife Jackie (girlfriend at the time) convinced me to hop the pond and move to Vancouver with her. In hindsight, it was one of the best decisions that I’ve ever made, but at the time I only agreed with a fuss. That is in […]

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Are You a Do-It-Yourself-er?

If you consider yourself a “do-it-yourself-er,” and you like to use mutual funds, you are most likely paying higher fees than you should be.
Most mutual funds that are used in discount brokerages are set up to pay approximately a 1% annual servicing commission to an advisor. If there is no advice being provided or an advisor attached to the account, why would you pay an extra 1% annually for nothing? The disturbing part relates to the number of no […]

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Informed Investors Avoid Fraud

Every now and then we read about an unscrupulous so-called investment advisor who has managed to fleece some innocent unsuspecting investors. Most of these cases look and feel the same. Normally guaranteed returns are offered well above markets rates, and the investments are normally deposited into corporations that no one has ever heard of. There is good news and bad news here. The bad news is that the industry and regulators can only do so much to prevent these […]

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Gifts with strings attached are not really gifts

The notion of a true gift is that it is an act of generosity, or love and caring. There are no strings attached. Gifts from investment companies come with two faults. The first is that they come with an expectation of loyalty. The second issue is about who is paying for the gift. In our mind, accepting gifts from investment companies inflates our clients’ costs. We want no part of that and have written to them stating that.
The recent […]

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Who’s the Boss?

I still recall clearly, as a newly minted Insurance and Investment Advisor, back in the 1990’s, reading and accepting the Code of Ethics. In particular, the duty to ‘act in the best interest of the client’. Nothing else ever occurred to me (Advisors actually have to agree with this?) and I accepted it as perhaps a legal standard but most certainly as the ethical one. What other way is there? It is now with fascination, and some disbelief, I […]

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Financial Planner Your Best Interest

10 Questions to Ask Yourself About Your Bank’s Financial Advisor

Does your financial advisor have YOUR best interests at the centre of everything they do for you?
Here are some questions to ask yourself about the financial planner at your bank.
Think of the last time you were at the bank to have an investment review. Then ask yourself:

How did it go?
Did they solely focus on returns and the markets, or were they interested to find out what your plan is with your money and how to deploy it for you?
Did they […]

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