This section includes short articles written by our advisors on current topics, as well as answers to questions asked at some of our client meetings. Blog topics range from delving into the nuts and bolts of an investment strategy or what to look for in an advisor, to understanding why estate planning is so important, and whether you will have enough savings for retirement.
Here’s a great article by James Burton of Wealth Professional magazine I’d like to share with you today:
Fees have hit rock bottom thanks to Fidelity but good advisors will always have the ammunition to prove their value, according to an industry veteran.
The vast majority of our clients understand that financial services do not come for free. This is why our business exists. Not all Canadians have the time nor the inclination to manage their financial affairs. Therefore, they delegate that responsibility to financial professionals like ourselves.
Sounds silly, doesn’t it? Well, today’s biggest estate planning issue is what we call the Beneficiary Lottery. This is the solution that many people default to by trying to avoid conflict or not dealing with estate issues. In a nutshell, when wills are made they are done per individual, not jointly. At any time, either party can change their will without informing the other. In addition to this, when one party has passed the surviving person can make any changes to their will, as they see fit.
After 23 years in the financial industry and over 15 years with The McClelland Financial Group Carole Ash is transitioning from her Management position as Team Leader into partial retirement. In her new role as a Consultant she will continue to be a valuable resource during this transition period. You will still see Carole in the office 3 days a week going forward. She is looking forward to spending more time with family and pursuing other interests ( Hint, Hint – See pic above from Barcelona, Summer 2018).