Bookkeeping for charitable foundations isn't just a good practice—it's pivotal. And thankfully, efficient bookkeeping for your charitable foundation can be easy. But for success, you need a partner who understands the specialized demands of charities to ensure your foundation maintains compliance. Before we begin, let’s put your financial knowledge to the test with our free financial literacy quiz! Here are two...
When it comes to multi-generational wealth management, is financial wealth the only capital worth cultivating? While financial capital is significant, considering various aspects of capital, including human capital and leadership, is essential to successfully transition wealth across generations. This post explores some strategies that can aid the transition of wealth to heirs and unearths the varied forms of capital that often...
It's a common misconception that average investors will earn an average rate of return. Unfortunately, the reality is far from this ideal. Multiple factors contribute to the disconnect between the expected return and the actual return that the average investor achieves. The average market return can be achieved by investing in passive index funds. Surprisingly, the returns of...
Portfolio rebalancing is the process of realigning the weightings of a portfolio to maintain a desired allocation. Over time, as various investments perform differently, a portfolio can drift away from its initial target allocation. So, to correct this, portfolio rebalancing involves selling a portfolio’s best performing investments and using those proceeds to purchase more of a portfolio’s worst performing...
A Core-Satellite portfolio approach breaks down an investor's portfolio into two main components: the "core" index funds and the "satellite” active components. The core typically consists of a broad-based market index or a diversified fund that seeks to mimic the returns of the whole market or a benchmark. This core is expected to provide diversification and represents a large chunk of...
Private foundations are a popular avenue for many high net worth individuals who want to actualize their philanthropic ambitions. In Canada, we have over 6,000 registered private foundations and many more donor advised fund (“DAF”) accounts. But, while setting up a private foundation is an exciting milestone for many charitable donors, an embodiment of their commitment to charitable giving...
In the ever-evolving world of investment strategies, it’s easy to get lost amidst the myriad of complex theories and tactics touted by experts. Yet, time and again, history has shown that there’s profound strength in foundational principles. At the heart of these principles lies the concept of buy-and-hold investing. This approach not only champions the virtue of patience but...
We've all come across the adage, “With great wealth comes great responsibility”. It’s not just a throwaway phrase but carries profound wisdom, especially for those who have been fortunate enough to accumulate substantial assets. Successful wealth stewardship is challenging. So, this post will offer both wealthy parents and their next-gen heirs with some tips to help them achieve success. Before we...
Today, there’s frequently a demand for investment strategies that align with an investor's values, financial goals, and risk tolerance. As Environmental, Social, and Governance (ESG) considerations become more prominent, so does the idea of blending these considerations with historically lucrative dividend strategies. This is what our model portfolio achieves. In this post, we'll unpack the criteria for selecting this portfolio...
With Johnson & Johnson’s recent announcement about spinning off a significant portion of its stake in Kenvue, investors find themselves at a pivotal crossroads. This strategic move marks a major shift in the corporate landscape, offering both opportunities and challenges for those holding J&J shares or considering an investment in Kenvue. The spin-off is not merely a corporate restructuring but...
