Preventing family office payment fraud is a key area of concern for investors. And, protecting investors from payment fraud is a key service of many family offices. This post describes some of the ways family offices are the target of payments fraud and strategies to combat those threats effectively. Imagine this, a wealthy investor commits to investing in a new venture...
As a Canadian investor seeking broad market exposure to US stocks, it is important to use the most appropriate ETF for your objectives based on your account type and transaction size. But, Canadian investors have several S&P 500 ETFs available including many duplicate Canadian versions of US ETFs. So, which S&P 500 ETF is best for Canadian investors? XUS vs...
As the urgency of climate change continues to grow, more investors are recognizing the importance of integrating climate values into their investment portfolios. Investing for climate is not only a moral imperative but also a strategic approach that can yield long-term benefits. For family office investors, incorporating climate and environmental sustainability into their investment strategy requires careful planning and a...
Investors often grapple with an investing paradox. While the stock market is a fantastic place to grow wealth, most individual stocks are not. The phenomenon of the average stock return can be puzzling. But understanding it is crucial for developing a successful investment strategy. Think you already know everything about the stock market? Take a break from reading this post...
Is a family trust a good idea? Picture this: a maze of family trusts, promising shelter for assets and strategic tax benefits, yet concealing hidden complexities that could trip up even the most seasoned investors. While family trusts offer a shield against creditors and a cloak of privacy, are they truly the holy grail for wealth management? This post describes...
The original S&P 500 stocks were re-introduced in 1957 as a stock market index to track the value of the 500 largest listed American companies including all sectors. What would have happened if an investor had bought the original S&P 500 stocks in 1957 and held them passively? And, how does that return compare to investing in the actual S&P 500 which is periodically...
Most accountants know the best way to streamline an accounting practice is to successfully apply technology. But an often-overlooked aspect of streamlining an accounting practice is becoming more strategic about partnerships. So, this post will describe how working with a family office can help streamline an accounting practice and refocus on higher value clients. Managing records, bookkeeping, and reporting can be...
What constitutes a "good" rate of return can be elusive and highly subjective, varying significantly from one investor to another based on their individual financial goals, risk tolerance, and investment horizon. However, the concept of rate of return is pivotal in understanding how investments grow over time and how different strategies yield different outcomes. This post examines how risk and...
T3010 Compliance for Family Foundations is an important consideration. Our family office manages several family foundations. And, there are a few things in the T3010 for 2024 that have caught our attention. Impact Investments Disbursement Quota (DQ) reporting Donor Advised Funds (DAF) Reporting Before we begin, let’s put your financial knowledge to the test with our free financial literacy quiz!
What does a family office do? Great question! As a personal CFO, our family office is focused on reducing the administrative burden of wealth, so that our clients can focus on more important parts of their life. Whether this is their family, friends, health, spirituality, or philanthropy. We act as their personal CFO, providing comprehensive financial oversight and freeing clients from...
