Category: Foundations
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Crypto Covered Call ETFs
In today’s low rate environment, yield hungry investors are adding more covered call ETFs to their portfolios. ETF issuers now offer a variety of interesting products, and recently, Purpose Investments began offering two covered call ETFs based on cryptocurrencies. Because of the high volatility of cryptocurrencies, these ETFs offer huge yields compared to other covered…
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5 Ways to Improve Your Spending Habits
We all have spending constraints. This post describes 5 ways a family office will improve your spending habits. Why improve spending habits? Because, we should all live “within our means”, even when we’re rich. This means spending less than what we make. When you’re wealthy, it can feel like you have few financial constraints. Afterall,…
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How Much Does Wealth Management Cost?
Cost is an important factor when considering how to create your Wealth Management Process. This post compares the costs and benefits of using a family office to for your wealth management and describes real scenarios of how this is done. Who are the fees paid to? There are a few different service providers that will…
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Your Wealth Management Process
The wealth management industry has become increasingly sophisticated when selling us financial services. They come up with “holistic solutions” to our financial “problems” and tap into our emotions in an effort convince us to pay them. The truth is, like most important things in life, there is no “quick fix” to managing our finances and…
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Duties of Estate Executors
Administering someone’s estate after they die can be a difficult and heavy responsibility. Before you begin that journey, consider the professionals who can help you fulfill your responsibilities such as lawyers, trust companies, accountants, and bankers. Also consider the legal obligations estate trustees must adhere to. If you’ve been charged with administering an estate or…
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What is Brookfield Asset Management?
Brookfield Asset Management is a global alternative assets investor with over $600 billion of assets under management. This post will describe the company’s history, ownership structure, and business prospects. History The history of Brookfield Asset Management is long and complicated. Since Brookfield is the successor to a wide range of different companies, their history begins…
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Do you need a family office?
Essentially, a family office is like your personal CFO. A family office does all the tasks that your accountant, your investment advisors, your lawyer, and your bankers won’t do. My clients tell me I’m like their Consigliere. A consigliere is a close, trusted advisor and confidant, or a kind of “right hand man”. I jokingly…
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Making Impact Investments
Impact investing seeks to achieve certain social and environmental goals as the primary reason for making an investment. Impact investors oftentimes sacrifice economic profit and liquidity in favour of achieving the investment’s non-economic goals. This post describes what impact investing is and the choices impact investors face. Impact Over Profit? We can think of impact…
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What is a Wasting Freeze?
This post will describe what a wasting freeze is and consider other issues such as adding leverage and making charitable gifts.