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Tag: qualified advice

  • David Miller Certified Financial Planner – MoneySense

    David Miller Certified Financial Planner – MoneySense

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    Miller’s goal is to safeguard the financial dreams of his clients. He strives to protect the assets they have worked hard to accumulate throughout their lifetime. Miller provides objective advice based on his deep and thorough understanding of each client’s personal situation. He delivers comprehensive cross-border financial planning advice while making it easy to understand. He is bound by a fiduciary standard. He places his clients’ interests first, above all else.

    Who does he work with? For the last 20 years Miller has been committed to assisting families, business owners, and retirees on both sides of the border. He works alongside a highly experienced, independent, wealth management team at Cardinal Point Wealth Management.

    Services • Financial Planning
    • Investment Planning & Implementation
    Specializations • Cross-border Planning (Canada/U.S.)
    • Comprehensive Financial Planning
    • Discretionary Portfolio Management
    Payment Model • Fees paid by clients based on assets managed by advisor
    • Fees paid by clients for advice (not based on assets)
    Languages written and spoken • English

    Why did you become a planner?

    “After reading Rich Dad Poor Dad (Warner Books, 2000), I realized that there’s a significant need for financial literacy in this country.”

    What is your approach to financial planning?

    “It’s always goals-based planning, client-first advice and evidence-based investing.”

    What is your proudest achievement as a financial planner?

    “Being nominated to the board of the Institute of Advanced Financial Planners.”

    What would you do if money were no object?

    “I would help individuals and families become more confident with their finances through financial education.”

    What is the best money advice you ever received?

    “Focus on what you can control—stop worrying about the rest.”

    What is the worst money advice you ever received?

    “Put your trust in the banks.”

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    Special to MoneySense

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  • James P. Gunn, financial advisor – MoneySense

    James P. Gunn, financial advisor – MoneySense

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    Every client can expect one-on-one service that includes transparent fees, a fully customized tax-efficient portfolio and financial planning services tailored to their specific needs. Gunn takes the time to learn about what’s important to his clients. “No two clients are alike, but they all have goals and dreams, and sometimes those are overshadowed by fears,” he says. Regardless of the situation, Gunn listens and helps develop a plan to deal with the issues and set his clients up for success on their terms.

    With a focus on long-term solutions, Gunn says he builds relationships with his clients to ensure they consistently succeed in their financial pursuits; because his success is tied directly to theirs. He says he is motivated to help his clients achieve their financial goals and grow their wealth.

    In recent years, Gunn has specialized in an area that seems under-serviced. It is one thing to help clients gather assets and watch them grow over time, but it is a completely different skill that allows his clients to live off the fruits of their labour throughout retirement. “Time is no longer your friend, and the strategies required to make this happen are very different,” he says. Many cannot afford to make mistakes during this phase of life, he adds, and this is when a financial expert is required. Becoming a retirement income specialist was the best decision Gunn says he ever made. Knowing his clients sleep at night without worrying about their money running out and the stress that causes provides him with incredible satisfaction.

    Over the years, Gunn continued his education and added certifications to serve his clients better and provide a wide range of expertise. Gunn is a Certified Financial Planner, Registered Retirement Consultant, Certified Executor Advisor, Certified Professional Consultant on Aging, Real Wealth Manager and Licensed Insurance Broker.

    Continuous education is essential, according to Gunn, and he does not believe you can ever “know too much.”

    Services • Financial Planning
    • Investment Planning & Implementation
    • Insurance Planning & Implementation
    • Retirement Income Planning
    Specializations • Comprehensive Financial Planning
    • Discretionary Portfolio Management
    • Retirement Income Planning
    Payment Model • Fees paid by clients based on assets managed by advisor
    Languages written and spoken • English

    Why did you become a planner?

    The financial industry always interested me, and I started helping people to understand how this industry works and how to address certain financial situations. I started investing in my teens and learned early to never lose sight of the taxes paid and reduce them whenever possible. As a result, wanting to become a Certified Financial Planner came very naturally to me. I realized I could utilize my financial acumen to help other people. The bottom line is, I really enjoy helping people succeed.

    What is your approach to financial planning?

    Use of common sense and time-trusted methods. Financial planning does not need to be complicated. The more clients know the more comfortable and motivated they become. I focus on educating my clients, so they have a solid understanding of the elements of financial planning before the plan is put to work.

    What is your proudest achievement as a financial planner?

    Servicing multi-generational clients and seeing the younger generation embracing financial advice. Building a solid foundation for their futures is very rewarding. I work with a family of three generations, and working with them together provides them with real comfort not just for their individual needs but for intergenerational wealth transfer later, too.

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  • What Canadian investors can do in times of world crisis and war – MoneySense

    What Canadian investors can do in times of world crisis and war – MoneySense

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    Emotions in investing

    The humanitarian crises taking lives and garnering headlines are heart-wrenching—particularly for Canadians who have family and friends in the affected regions. More broadly, no one knows for sure how these crises will affect global economies, access to resources and financial markets. It’s understandable that investors are scared and making investment decisions based on their fear. Some people are selling their equities and leaving the markets. As an advisor, it’s my job to help take the emotion out of investing.

    We know from previous wars, terrorist attacks, pandemics and other terrible events that people, governments and markets are resilient, and can even become stronger than they were before. This happened after 9/11, the global financial crisis and the global COVID-19 pandemic. The historical evidence suggests that the best thing investors can do when the world experiences a crisis is to separate feelings about the tragedy from the facts about the businesses you’re invested in and look for buying opportunities. 

    Impact of global crises on investments

    The impact of wars and other traumatic events on the markets tend to be relatively short-lived. That’s because unlike fiscal policy—such as raising interest rates—the events themselves are not “economic” in nature.

    For example, if war breaks out in an oil-producing country, will that affect the price of oil? Theoretically, it shouldn’t, because other, larger producers can offset any lost supply from the war-torn country.

    But, as we know, perception can be more powerful than reality when it comes to the stock market. The initial, automatic reaction could be a spike in oil prices—and then prices should adjust with time.

    What is a Canadian investor to do?

    So, what do you do as an investor in Canada? Not an awful lot. As investment advisors, we get paid to grow people’s wealth. When markets sell off for reasons that are more temporary than related to economics and performance, it’s important to take emotion out of decision-making and not go into panic mode about your investments.

    Markets may dip, but they don’t usually collapse. It’s possible your portfolio’s value may drop for a period of time. In the past, after a crisis has ended—and regardless of the outcome—the markets have regained stability, and investment returns have bounced back.

    A crisis investment strategy

    My best advice in the face of a world crisis: Stay calm, take a deep breath and focus on the fundamentals. Keep your risk profile front and centre, and think about where you want to put your money. My approach is to be sector agnostic and look for good value wherever I can find it.

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    Allan Small

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