Monthly Archives: May 2015

We, at The McClelland Financial Group of Assante Capital Management Ltd., are unwavering in our investment philosophy.

Simply put, we believe in the following:

  • Capture the power of the capital markets for long-term growth.
  • Mitigate risk by diversifying broadly across all sectors and geographic regions at all times.
  • Reduce fees and taxes and you will increase your overall rate of return.
  • Focus time and resources on things that are within our control (i.e. asset allocations; fees; expectations; behaviour; etc.)

Our clients’ Investment Policy Statements are the blueprint to how their accounts are managed. We do not recommend changes in reaction to market performance, nor do we make recommendations in anticipation of what we think the market will do. Working with The McClelland Financial Group, you can rest assured that you are receiving disciplined and objective investment advice.

Specializing in engineers, I have come to realize that I enjoy working with intelligent people. I find myself enjoying the conversations outside of finance more than I do talking about the markets. We have a great depth of engineering clients that work on amazing things and I find it expands my knowledge base just knowing that some of these things exist and how much time and effort is put into them. Over the past few years we have started a lunch and learn program that is attended by many engineers. We have had great feedback from those who have engaged our services as to how they feel about having their financial affairs handled by professionals.

Herein lies the issue of being smart vs. being a professional. Is it that these clients are not smart enough to handle their own finances? Do not understand how the markets work? Not at all. They recognize that simply comprehending a subject does not qualify them as a professional in that field.

I consider myself to be a reasonably smart guy. That said, could I go home every night and study books on engineering? Read about historical engineering feats? Brush up on my physics and calculus? Yes, I could, but the fact remains is nobody in their right mind would trust me to design a crane! Even further, if I designed a crane and successfully used it on some jobs, would you put your life at risk using it? Of course not! My crane may have gotten lucky here and there, but perhaps it was not exposed to the many elements that have to be taken into consideration when engineering a crane (i.e. terminal stress levels; lifting loads on a windy day; etc.)

Case in point, many engineers make this very mistake. Regardless of your intellect, it does not make you a professional in every field or industry. Substitute an investment portfolio with the crane. Many people have designed an investment portfolio over the past five years and it has performed very well. The caveat, in engineering terms, is designing a crane for half the price of what professional engineers charge and to prove your crane’s ability, show it can lift the required weight under perfect conditions.

We, at The McClelland Financial Group, are professionals. We have 4 CFP’s (Certified Financial Planners) in the office. We have seen the markets at their best and worst and know how to respond. We are well aware of the financial components that lead to a successful plan. In my experience, I have realized that one of engineers’ biggest pet peeves is when engineers by trade, refer to themselves as professional engineers. The sentiment is the same in the financial arena. Similar to how you have gained the trust of your clients for being a professional engineer, trust in the fact that you have hired a financial professional to manage your affairs with the same duty of care and responsibility.

Mike Connon, B.Sc, CFP
Senior Financial Planning Advisor, Co-Branch Manager, Certification in Estate Planning and Trust Strategies

Specializing in engineers, I have come to realize that I enjoy working with intelligent people. I find myself enjoying the conversations outside of finance more than I do talking about the markets. We have a great depth of engineering clients that work on amazing things and I find it expands my knowledge base just knowing that some of these things exist and how much time and effort is put into them.

Over the past few years we have started a lunch and learn program that is attended by many engineers. We have had great feedback from those who have engaged our services as to how they feel about having their financial affairs handled by professionals.

Herein lies the issue of being smart vs. being a professional. Is it that these clients are not smart enough to handle their own finances? Do not understand how the markets work? Not at all. They recognize that simply comprehending a subject does not qualify them as a professional in that field.

I consider myself to be a reasonably smart guy. That said, could I go home every night and study books on engineering? Read about historical engineering feats? Brush up on my physics and calculus? Yes, I could, but the fact remains is nobody in their right mind would trust me to design a crane! Even further, if I designed a crane and successfully used it on some jobs, would you put your life at risk using it? Of course not! My crane may have gotten lucky here and there, but perhaps it was not exposed to the many elements that have to be taken into consideration when engineering a crane (i.e. terminal stress levels; lifting loads on a windy day; etc.)

Case in point, many engineers make this very mistake. Regardless of your intellect, it does not make you a professional in every field or industry. Substitute an investment portfolio with the crane. Many people have designed an investment portfolio over the past five years and it has performed very well. The caveat, in engineering terms, is designing a crane for half the price of what professional engineers charge and to prove your crane’s ability, show it can lift the required weight under perfect conditions.

We, at The McClelland Financial Group, are professionals. We have 4 CFP’s (Certified Financial Planners) in the office. We have seen the markets at their best and worst and know how to respond. We are well aware of the financial components that lead to a successful plan. In my experience, I have realized that one of engineers’ biggest pet peeves is when engineers by trade, refer to themselves as professional engineers. The sentiment is the same in the financial arena. Similar to how you have gained the trust of your clients for being a professional engineer, trust in the fact that you have hired a financial professional to manage your affairs with the same duty of care and responsibility.

Volatility is a function of the market. It is also a friend to the long-term investor. Warren Buffet had a great description of the market: “The stock market is a highly efficient mechanism for the transfer of wealth from the impatient to the patient”.

The typical emotional response to a falling market is to sell. Conversely, the typical emotional response to a rising/recovering market is to buy. This is the exact opposite way to make money in the stock market. By remaining patient, you allow fickle investors, who let emotions dictate their investment decisions, successfully transfer their wealth to you.

DID YOU KNOW …that the average cost of a funeral in Ontario is $10,000.

Are you aware that many families will fight over your funeral arrangements if nothing has been directed by you… creating pain and heartache among family members.

We invite you to join us for our upcoming complimentary workshop we call the “Lunch & Learn” series. Each month we will be introducing new and interesting topics. Invest just 60 minutes and it could save you and your family thousands of dollars…

This event took place at the Thornhill Golf & Country Club on Friday, May 29th, 2015 between 12:00 and 1:30pm.

Read Full Article…

Our office has been very fortunate. The Lunch and Learn presentations have been successful in driving interest to our office from prospective clients. In the prospective client meetings, I am noticing a growing trend – people are concerned with the sustainability and solvency of our dealer, Assante Capital Management Ltd. This is not due to a poor brand in the industry but more so indicative of the sophistication and growth of fraudulent activity in our industry as a whole.