Nearly half of all Canadians will develop cancer in their lifetime. Let us help ease the financial burden should it happen to you – Critical Illness Insurance – so you don’t have to worry about money when you are focused on recovering!

150 150 juliepower

Business Succession

150 150 juliepower

Succession is enviable,  a business owner can either plan for or it will plan for them. In a recent study, only 40% of business owners were found to have a transition plan in place. This is quite remarkable considering the vast amount of business owners are baby boomers, and are getting to that stage in life that won’t be able to keep the pace that owning a business requires. Further, one who plans for their transition will have not only an easier time in the next phase of life, they will have planned to meet their personal goals, as well as hopefully a legacy transition in keeping the business (that they worked so hard for) going if that’s the strategy they chose.

In our seminar, The Enterprise Transition Plan – A Strategic Approach to Successful Business Exits – we discuss a three-part process of planning for transition: Situation Assessment, Review and Selection, and Plan and Implementation. The information provided is based on best practices worldwide in transitioning a very important asset and achieving a successful business transition. It isn’t easy, and does require a lot of work, but it is strategic as starting or growing the business in the first place..

Call Vern today to learn more about the 3-stage transition plan.

We recommend the following article: High Net Worth by National Post.

Active vs. Passive Investing

150 150 juliepower

There is a lot of talk about which investment strategy is better in achieving your goals. We believe in active management, and have supporting studies to show it will outperform passive investing over the long run. Why is this?  It is based on two major premises:

    1. The first is the active manager can’t be closeting the index, meaning their stock selection is merely following along with the index, as active managers will have higher fees than their passive counterparts, (well not always), fees have to reasonable – fees that are too high will rob the investor of performance gain.
    2.  Secondly, to be invested with a passive strategy and to be effective is that one needs to use the lowest cost account vehicle as by definition one is always going to under-perform the index, since passive management is merely a stock portfolio that tracks an index less a fee. This means that one either uses a self directed account with a small trading fee or a robo advisor which will pick an index for you, however most investors are emotional and will generally do the wrong thing at the wrong time, (buy high and sell low), an advisor’s hardest work is during these times; if the investor stays with a properly structured program they will achieve their goals in the long run.

This is not to say passive investments don’t have their place, a portfolio manager will use them where warranted i.e.: foreign income strategy, or a particular market index strategy but the investment choice will fit with the investors overall asset mix and risk tolerance.

Here is a great article for you  on the topic.

Fischer Financial Services Implements a New Online Insurance Application Process

150 150 juliepower

Fischer Financial Services is pleased to announce its implementation of a new 3-step seamless online process that takes just 90 minutes from needs analysis to the submission of application.

Step 1: Needs analysis is performed with professional licensed insurance advisor using an online guide on our tablet computer. This includes reviewing of all clients’ needs: life, disability, critical illness insurance for both adults and children.

Step 2: The application is filled out online instantly.

Step 3: Signatures are gathered: utilizing pen technology with the tablet and/or electronic signature with email verification. (If the clients are in good health, under 40 and applying for less than $1M of Life Insurance, or up to $500,000 of Critical Illness Insurance. In some cases the approval can be obtained within a few minutes of the applications being submitted online.)

And that’s it!

The whole process is about 90 minutes long and can be done in the first meeting.

Fischer Financial Services team works hard to build a lifelong relationship with all clients so this isn’t a one-time transaction. We are here to look after all of our clients’ financial needs, including their family members and/or their businesses if applicable.

This is a VERY personal story about the importance of health and protecting yourself with insurance.

150 150 juliepower

Victoria Goddess Run participant encourages women to care for their inner Goddess
Julie Power eager to share her cautionary tale as a cancer survivor…

Why wealthy families lose their wealth in three generations…

150 150 juliepower

About Last Night…a response to the election from our partners at Guardian Capital Advisors.

150 150 juliepower

About Last Night

The people have spoken. The 45th President of the United States will be Donald Trump. In the first-wave after
any seismic event people look for the quick answers. On the morning after, everyone is trying to discern what
this means for the American economy; the spillover impact will be felt throughout the Global economy, given the
USA’s leading position in the world. So what will the impacts be?

The platforms that Trump has run on suggest reduced immigration, barriers to trade, lower taxes, and reduced social
programs. Having won the Presidency alongside the Republican majorities in the House of Representatives and
the Senate, he will have the ability to enact legislation almost unopposed, the platform he ran on will very likely
be 2017’s legislative calendar. Trump’s plans in the campaign were often shy on specific detail, which lends a lot
of hope; politicians and their policy mandarins will step into the breach and offer guidance, making the legislation
less arbitrary and more constructive. Obviously it is impossible to offer specific comments on theoretical laws, we
can only visit his policies from what we know to be publicly disclosed.

Running on a platform of reducing immigration ignores the benefits derived from it. Immigration offers the
opportunity to enhance culture, science, commerce, and the arts by admitting the talented. Immigration offers a
labour class to do the ‘dirty work’ that Americans would prefer not to, gardening and bussing dishes and driving
taxi cabs. Immigration lowers costs and creates opportunities for growth. Ironically, the US, a nation of immigrants
and built by immigrants, now views a closed border as preferable.

Trade treaties viewed as unfavourable by Republicans are in danger of being ripped up. While this makes for an
excellent talking point, it dismisses the fact that nations are not obligated to accept terms they cannot live with,
it dismisses the fact that open trade is good for everyone – even Americans, and it dismisses the advantages to the
average consumer who can buy goods from their least costly provider. Trade is good, more trade is even better.

Taxes are likely to come down for Americans, which means that deficits are likely to rise. While this enriches a
certain constituency, it leads to increased interest expenses, which means every day more American productivity is
taken out of their economy and exported overseas. Interest on borrowings is already a non-trivial portion of Gross
Domestic Product, reduced taxes are a wonderful promise, but it comes at the cost of having more national debt,
which is a tax in and of itself.

The initial reaction from the markets was negative, but there have been more than fifty days where the markets
have moved more than 3% since the 2008 financial collapse; markets crest and fall, but over the long run they
turn positive. The Global economy digested Brexit in a matter of weeks, with myriad outcomes and so much still
unknown about Britain’s future the FTSE100 is up 9.3% including dividends. Instead of a knee-jerk reaction,
adopting a sober long-term view will benefit investors. The unemotional, patient, and calm tend to be the most
successful investors. The global economy has shown itself to be incredibly resilient time and time again, the US
economy led the way out of the last recession. Time is still on our side, we intend to stay the course.