DEEP DIVE
In Depth Article – Heavy on the facts and details definitely for the committed reader.

Rob's Read

How Often Is It a Stock-Picker’s Market?

AWealthOfCommonSense.com:

One of the reasons it’s so difficult to outperform the market is because so many individual stocks themselves underperform the market. It’s not a symmetrical distribution where half the stocks outperform and half underperform.

A few years ago Michael Cembalest at JP Morgan performed an extensive study on the Russell 3000 Index, which is a good proxy for the overall U.S. stock market. He found:

• The excess return on the median stock since its inception versus an investment in the Russell 3000 Index was negative 54%.
• Two-thirds of all stocks underperformed versus the Russell 3000 Index from the time they were added to the index. And 40% of all stocks had negative absolute returns, suffering a permanent 70% or more decline from their peak value.
• The percentage of extreme winners in the index was in the single digits, meaning a very small percentage of stocks carried most of the weight for the remaining underperforming stocks.

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Rob McClelland RFP, CFP, HBA Vice President, Co-Branch Owner, Senior Financial Planning Advisor The McClelland Financial Group of Assante Capital Management Ltd.

LIFESTYLE
Light Read – Fun and Enjoyable!

Rob has been nominated for
Advisor Of The Year
and The McClelland Financial Group
has been nominated for
Loyalty and Client Care Award.

LIFESTYLE
Light Read – Fun and Enjoyable!

What We've Been Up To

McClelland University
10 Years Strong

Saturday, April 13th marked the 10th annual McClelland University. For those of you that are unaware, McClelland University is our most decorated client-appreciation event of the year. Saturday’s event did not disappoint.

Guest speakers included; Visual Capitalists Jeff Desjardin, explorer and author Julie Angus who crossed the Atlantic Ocean from Mainland to Mainland, National Geographic’s photojournalist Tom Clynes and RBC Taylor Prize shortlist author Daniel Coleman. It was a great day filled with lots inspiring ideas. We look forward to seeing everyone again next year. As always, events like McClelland University are open to friends and family so please just give us a call or send us a quick email to let us know you have guests and we’re happy to oblige.

Dumbo Movie Event

The McClelland Financial Group hosted a private screening on opening weekend of Dumbo. It was a great success despite the cold wintery weather. Catch you next time!

OPINION
Light Read – Editorial

Opinion

Bitcoin Buyers Beware

This article was recently featured in

As advisors, we typically counsel families to take a patient, long-term approach to investing in the marketing, but the markets often spin on today’s breaking news and hottest holdings. This means we must take the time to learn about the latest financial fads alongside our clients. Cryptocurrency is a prime example.

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Michael Connon B.Sc, CFP Senior Financial Planning Advisor, Co-Branch Manager The McClelland Financial Group of Assante Capital Management Ltd.

WHAT’S NEW?
Light Read – Updates on need to know details for Assante clients on technology and industry changes

What's New?

Heads up! The Ontario government is making changes to OHIP+ under the Ontario Drug Benefit Program (ODB) starting April 1, 2019

This applies to you if you, your spouse or your children are 24 years old or younger, and have drug coverage under a private insurance plan, such as a group benefits plan through Manulife.

What you need to do

Starting April 1, 2019, when you, your spouse, or your children get a prescription drug, let your pharmacist know you’re not covered under OHIP+ anymore. They can submit the claim to your Manulife plan. To make things easier, have your benefits card handy. You can get a copy of it online when you sign in at Manulife.ca or through the Manulife Mobile app.

You may need to do a little extra if you’re taking a high cost drug

To see if a drug requires prior authorization (PA), sign in to your Manulife group benefits account at Manulife.ca. Once signed in, under My benefits select My drug plan and search for the prescribed drug.If this option is not available to you, you can access the list of PA drugs from the forms tab, under Plan Member brochures. If the drug you’ve been prescribed is eligible, requires PA and is not being administered in a hospital, here’s what you need to do:

• If it was approved and paid for by OHIP+, simply send us your approval letter or a prescription receipt and phone number.
  • Your letter will show it’s been approved under the Exceptional Access Program (EAP).
  • Your pharmacist can give you a copy of the receipt. It’ll show it was paid for under the ODB.
• If your doctor has prescribed a high cost drug, and you haven’t started taking it, you’ll need to fill out a Drug Prior Authorization form and send it to us.

Getting documents to us

• Online - Sign in to your Manulife group benefits account and from the home page, use the Send documents feature. You’ll need to select the Drug Prior Authorization form option. Upload the documents and hit Send.
• By mail or fax – if you do not have the Send documents feature you can still get the documents to us:
  • Fax: 1-855-752-0404
  • Mail: Manulife Group Benefits Health Claims Attention: Prior Authorization Team PO BOX 1653 Waterloo, ON N2J 4W1

And remember, we’ll need your plan contract and certificate number when you send us your documents. You’ll also want to keep a copy of the documents you send us for your records.

Questions?

If you have questions, give us a call or email us.

• Phone: 1-800-268-6195 Monday to Friday, between 8 a.m. and 8 p.m. ET.
• Email:  Sign in to your group benefits account at Manulife.ca and send us a note.

You can also find additional information about OHIP+ on the Ontario government website.

Millennial MOMENT
Light Read – Need to know information for the Millennial in you

Millennial Moment

Biggest Moment Of My Life

I’m about to have the biggest moment of my life. Those of you who attended our 10th Annual McClelland University will know that I will be going through a new life phase within the next couple months. For those of who you weren't able to attend, I wanted to share the news that I will be taking a year off starting mid to late May to start my family! Yes - my husband and I will be welcoming a beautiful baby boy come June and we are over the moon excited. To those clients who haven't been in to see or speak with me yet this year - I wanted to let you know that you will not be left stranded but will in fact be very well taken care of. John Iaconetti, our newest addition to the advisor team, will be taking care of you while I am away. Please don't hesitate to reach out to myself or any one on the team if you have any questions or concerns regarding my leave. I look forward to seeing you all when I return in a year!

Chelsey Chartren B.Comm. Financial Advisor The McClelland Financial Group of Assante Capital Management Ltd.

LIFESTYLE
Light Read – Fun and Enjoyable!

Carole Ash

After 17 years with the McClelland Financial Group Carole Ash has retired. Carole started in the service department and became Team Leader in 2008 a role she held for 10+ years . For many she was the first friendly face you saw when you through our doors. While she was brilliant with clients, behind the scenes she managed our team with diligence, thoughtful guidance and clear thinking and raised us to award winning status. Her grace, kindness and keen insight will be deeply missed by all. We wish you all the best Carole on this new journey.

Brandon Caron

Brandon joined The McClelland Financial Group as a Service Associate in March 2019. He brings with him a year and a half experience at Assante head office and over three years in the Financial Services industry. He graduated in 2015 from the Environment and Business program at the University of Waterloo. Brandon is currently working on completing his CSC and CPH. He is passionate about financial services and investment management and is committed to a lifetime of learning.

Brandon's interests include the environment, Canadian politics and technology. He also enjoys staying active by going to the gym, playing softball and hiking.

Stella Walter

Stella is an experienced Office Administrator Professional with over 8 years of experience. She has worked in many different office environments ranging from a Chiropractic Office as the Office Administrator, a Real Estate Office as an Assistant and a Wine Agency as an Administrative Assistant specializing in Accounts Receivable. Stella has now entered the Office Receptionist role at The McClelland Financial Group and has never been more excited and honored to join such a dynamic and hard-working team. She looks forward to enhancing the Client Service experience with her positive personality and providing the highest level of service to each client served with passion and purpose. Stella leads a very busy and active lifestyle and has developed a true passion for fitness, nutrition and cooking and baking healthy recipes. She also enjoys all things fashion-including shopping, as well as Home Décor and decorating trends, travelling and spending time with her family.

John Iaconetti

After graduating with a Bachelor of Administrative Studies with Honours in Finance John joined The McClelland Financial Group of Assante Capital Management Ltd. in February 2016 as a Service Associate. Eager to learn and grow within the Financial industry, John has completed his Canadian Securities Courses, Conducts and Practices, Wealth Management Essentials and is currently working towards the LLQP Insurance certification.

After gaining experience in the financial services industry while in the service department at The McClelland Financial Group, John is now ready to take on the new challenge of being a Financial Advisor. He will be a welcomed addition to an already accomplished team and will be another young professional that can appeal to a younger demographic of clients.

Outside of work John’s passions include travelling, playing hockey, volleyball and golf.

Proud to be ranked Top 50,
6 years in a row!

THINK SMART
Podcast – Listen to Mike and Rob and their latest thoughts and industry insights

Think Smart

Back From The Outback

Assante Capital Management Ltd. is a Member of the Canadian Investor Protection Fund and Investment Industry Regulatory Organization of Canada. This material is provided for general information and is subject to change without notice. Every effort has been made to compile this material from reliable sources however no warranty can be made as to its accuracy or completeness. Before acting on any of the above, please make sure to see me for individual financial advice based on your personal circumstances. Insurance products and services are provided through Assante Estate and Insurance Services Inc.

Commissions, trailing commissions, management fees and expenses, may all be associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the Fund Facts and consult your Assante Advisor before investing.

Certain employees of (TMFG Tax Service) maintain a relationship with Assante Capital Management Ltd. (“Assante”) through which they sell investment products. The relationship that they have with Assante does not include tax preparation services which (TMFG Tax Service) is solely responsible. (TMFG Tax Service) is not associated in any way with Assante, and Assante has no responsibility for the tax preparation services offered by (TMFG Tax Service).

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