Cardinal Point Athlete Advisors

The #NHL season opened in Prague, Czechia on 04-Oct-24 and started in North America on 08-Oct-24. Our annual Preseason Primer was updated to ensure players are financially prepared and informed for the campaign. The exhibit provides current and relevant financial data; including pay periods, escrow rates, income tax rates, group benefits and retirement contributions.  You can download the Preseason Primer here: https://lnkd.in/gNZ-brMb

This is a great time to review financial planning projections. Many investors may have earned gains over the last 12 months that are equal to the assumed returns over a 3-4 year period. If you are well ahead of the original forecast, this an opportunity to reevaluate the risk in your portfolio to ensure that it is aligned with your current situation. Read more in the the Cardinal Point Wealth Management quarterly newsletter. https://lnkd.in/gTgu7U3Y

The Fed’s loose stance took some by surprise, but it was nothing relative to the reaction from China’s stimulus. China’s announcement was a full-180 from policymakers who had previously refrained from opening their purse strings https://lnkd.in/gwkADpzn

The Carolina Hurricanes created a lot of buzz when they announced the signing of Seth Jarvis, not only because the franchise was locking-up an emerging star for 8 years, but because of the #deferred #compensation #contract. Check out this link for an analysis on how the unique structure benefits the player and the club. https://lnkd.in/gpf97GjS

With valuations still high by any historical standard, significant economic growth may be needed to justify these prices. https://lnkd.in/ggg7khmc

More than 100 players changed teams and more than $1 billion was spent during the 2024 #NHL Free Agency period. Accordingly, many believe that the busy day was a true end to the “flat cap era”. To better understand how these developments are impacting the contracts offered to free agents, we examined all the signings between 1-Jul-24 to 7-Jul-24 in this summary. https://lnkd.in/gRVmqfPA

While the S&P 500’s 1.2% gain hinted at a sleepy month for equities, the measures for companies with market values below $2 billion were arousing. The Russell 2000 Index, an index of 2,000 small-cap companies, bounced back aggressively, rising 10.4% in July. https://lnkd.in/g_aKr-T5

Since 2003, GAVIN Hockey Wealth Specialists managed the financial and business affairs of professional and retired hockey players. To add additional expertise and to service their future growth, the firm combined with Cardinal Point Wealth Management in June 2024.   To celebrate the merger and to share their excitement with their clients and centres of influence, the team wanted to provide an elevated gift that matched the professionalism of their new brand, Cardinal Point Athlete Advisors. They needed our team to help execute their vision and lead the kitting, fulfillment and delivery of each gift, with white glove service. #brandedsolutions #kittingandfulfillment #thehomefieldadvantage https://lnkd.in/gtBnsCFs

Chris Slawson, CFP and Kris Rossignoli, CPA, CA (Canada), CPA (U.S., IL), CFP® (Canada), CFP® (U.S.), TEP were featured in this The New York Times article regarding the disadvantage that National Hockey League (NHL) teams in Canada face due to relatively high personal income tax rates. https://lnkd.in/gK7wRxNB

As we look toward the second half of 2024, several factors are likely to influence market performance. On the one hand, we face potential headwinds: a contentious U.S. political environment, moderating economic growth rates, and a cautious, data-dependent Federal Reserve. On the other hand, we see promising tailwinds: continued growth in corporate profits, potential productivity gains from AI investments, and the possibility of declining U.S. interest rates.   https://lnkd.in/gs33gbzV