Guest Speaker: Michelle Munro of Fidelity Investments.
November 14, 2018.
The largest-ever transfer of wealth is expected to occur over the next decade. Are you and your family ready?
This presentation covered a wide variety of estate planning considerations, including some of the more unique and less obvious aspects that you can integrate into your financial plan.
estate freezes, probate and taxes
how to handle digital assets
property located outside of Ontario
This event was held at the White Carnation Banquet Hall in Holmesville with a delicious lunch and tasty treats served by the new owners.
Special Womens Event
Guest Speaker: Alice Ambrosia of Franklin Templeton
June 13, 2018
Judy and Julie-Anne, along with Sarah and Hilary (Team Orange) hosted a special womens event at Samuel’s Hotel in Saltford designed especially for women investors by Franklin Templeton Investments. Vice President, Regional Sales, Alice Ambrosia was our Facilitator and Presenter for the evening.
Women face unique challenges when it comes to their finances:
women generally live longer than men
women perceive risk differently than men
women often earn less than men
women juggle many responsibilities and finding time to manage finances is usually challenging
Alice brought a unique perspective to the evening by passing on the stories that many women have shared with her about how certain life events have affected their finances – the death of their husband, facing illness, separation & divorce and inheriting responsibility. This sparked a great conversation and the sharing of personal stories.
Alice shared a 4 step plan to take control. She stressed that working with an Advisor to develop a plan will help better prepare us for these situations. Knowledge is power. Our goal as Advisors is to empower our clients, whether they are male or female, to take control of their finances by providing guidance, information and a personalized plan. We had great feedback to the event, including the venue, wine and food, and we plan to have more of them in the future.
Alternative Asset Classes
Guest Speaker: Steve Satov of Connor, Clark & Lunn
April 19, 2018
Our office hosted an exclusive presentation by Canadian wealth management firm Connor, Clark & Lunn Private Capital. Through a referral arrangement with our dealer Equity Associates, we work closely with Connor, Clark & Lunn and clients who have investment assets of at least $1 million. The new Part II Bistro restaurant here in Goderich was the venue for this special event. The restaurant was closed to the public during our time together.
The presentation was a follow up to our recent Farm Succession Planning Seminar in that some guests stated they would be selling their farming operations outright and would be receiving substantial payouts.
Senior Vice President Steve Satov illustrated how alternative asset classes like infrastructure, commercial real estate, private equity purchases and funding of private loans can enhance returns and decrease portfolio volatility. Clients that engage Connor, Clark & Lunn Private Capital through our referral program have the opportunity to participate directly in these alternative investments as they become available.
Specific examples were discussed along with a clear explanation of how client accounts are managed by the firm. At the end of the presentation, there was a time to ask questions in front of the group or privately with Steve afterwards.
Equity Associates Inc. is a Mutual Fund Dealer and an Exempt Market Dealer in select provinces, and offers mutual fund products. Connor, Clark & Lunn Private Capital is a is a discretionary investment counsellor with which Equity Associates Inc. has a referral agreement. Your advisor may receive a referral fee or payment when you engage with Connor, Clark & Lunn Private Capital. All products or services other than mutual funds are not supervised by, nor are the responsibility of, Equity Associates Inc.
Farm Succession Planning Seminar
Guest Speaker: Peter Wouters of Empire Life
January 17, 2018
Peter Wouters, whose title is Director of Tax, Retirement & Estate Planning Services, Wealth Division spoke for approximately 75 minutes and used an assortment of stories to drive home the point that 'equal is often not fair' when it comes to farm succession planning. He emphasized the need for open communication between all family members to find out what everyone is thinking as it pertains to their ownership of the farm or farming corporation. A considerable amount of time was spent discussing the capital gains exemption available to farmers and the family rollover provision which exists to pass excess capital gains to the next generation to defer the tax liability.
As a follow up to the seminar, a number of our guests requested a meeting with our advisor team to continue the discussions and look into the feasibility of using an Estate Bond (a life insurance strategy) to provide cost effective funding for succession plans.
We hosted this event at the Central Huron Community Complex in Clinton. It was an excellent venue due to its central location and lovely new amenities. Our office wants to see local family farms in our area remain vibrant and strong. As such, the event was advertised in the Goderich Signal Star newspaper and the 'Focus' newspaper which is distributed to every home in Huron County. Open to our existing clients and newcomers alike, the seminar was well received by all in attendance with many folks staying afterwards to speak directly with Peter. The lunch meal was served by Chef Devin Tabor of Bon Vivant Catering.
Guest Speaker: Rob Kochel of Invesco
October 2, 2017
This presentation was enjoyed by approximately 80 clients and guests. The venue was the Beach Street Station in Goderich where a delicious buffet lunch was served. Rob’s entertaining presentation was based on the book “The New Retirementality” by Mitch Anthony, a respected consultant in retirement and financial life planning.
He noted that the youngest baby boomers turned 50 in 2014, and as they approach age 65, they are likely to turn the notion of traditional retirement on its head. Today’s retirees and pre-retirees are interested in pursuing their own dreams and goals, at their own pace and on their own terms. “The New Retirementality” helped to provide a fresh perspective from which clients and their financial advisors can talk about retirement as well as providing tools designed to help the attendees find and fund their retirement lifestyles. Some interesting facts Rob shared with us:
Today’s average retirement is 16 years in length versus minus 2 years in 1935.
41% of retirees agree that “retirement is a difficult adjustment.”
80% of Baby Boomers say they want work to be part of their retirement years.
Rob encouraged us to explore these ideas:
Ways to change the conversation we’re having about retirement.
How we might “find” our retirement lifestyles.
Finding new ways to think about funding retirement lifestyles.
Following the presentation door prizes were awarded and guests were invited to mingle and talk with Rob one on one.