Global Private Banker’s Post

Solid piece in the Globe and Mail on our outsourced investment management solution. #wealth, #investmentmanagement, #advisors

Helping more Canadians invest to achieve financial freedom: that’s what we’re here for!

In the wealth management industry an approach to management of wealth has been always more delicate. Some investors, especially the younger generation, are deeply involved in the investment process of their fortune. That is why an advisor can propose some ways for allocation or recommend some types of portfolio, but the last word will belong to a client. Pushing investors to make a decision is a horrible idea and often such a behavior grounds for dismissal. Seasoned professionals clearly realize the fact that most of their clients have a great knowledge and experience in the financial markets. This understanding stems from a close relationship and helps to find the best investment solution together. I’ve just read an opinion of some top-tier specialists from the wealth management industry about where HNW should invest (pwmnet.com). CIO at Pictet said that the right way is 60/40, the famous formula which consists of 60% of stocks and 40% of bonds. Investment strategist from KKR believes in a 40/30/30 framework, where 30% is an alternative class of asset, such as hedge funds, private equity, private debt etc. There is no single opinion.   By the way, a lot of wealth advisors lately recommend their clients to shift focus to alternative assets. The main reason is that many companies with good business prefer to stay private and not go to IPO. But the most disadvantage of this approach are illiquidity and not sufficient transparency. But I want to return to pretty smart clients. According to PWC research from 2022 only 1.4% of $192 trillion in global wealth management was allocated to alternative assets. That is the main point. To resume my thoughts I would cited one of the top-manager from Mirabaud Group: “Sometimes in this industry, there are can be a desire to show how we can build sophisticated products, but I am a big believer that achieving the investment objectives in the simplest way is often the best way to do it”.

Today we are excited to introduce Delisle Advisory Group, an advisor-owned investment counselling firm for high net worth and ultra high net worth families. As former executives of the Canadian financial services industry, we know there is untapped opportunity in wealth management today; for the industry and its advisors, but most importantly for the clients served. Elsewhere in the world, independent advisory firms are the fastest growing segment in wealth management. In the U.S. there are 18,000 of these firms managing over $8 Trillion in wealth. These advisor-owned firms take a fiduciary approach to clients, meaning all choices and decisions for the firm put the client first, with an unwavering focus on understanding each unique family they serve. Andrew is a Chartered Financial Analyst charterholder and former head of private wealth management at one of Canada’s largest banks. Jean is a former lawyer and bank executive, now entrepreneur and registered psychotherapist. In building Delisle Advisory Group together, we believe we are providing a meaningfully different approach to wealth management, one that acknowledges Canadian families are more complex than in the past, with more blended and same-sex families, aging parents, and a range of opinions on socio-economic and political matters within one family. These profound changes have not been broadly recognized by wealth management firms. We believe effective communication and articulating purpose within families are integral to great wealth management. Wealth is more than a number. Research indicates the most important happiness predictor is our relationships with loved ones. Delisle will address this area, which has been largely untouched in wealth management. Jean and Andrew are delighted Sandra Henderson is joining Delisle Advisory Group as Chief Operating Officer. They have both worked with Sandra and have tremendous respect for her. She is a highly regarded leader in the wealth management industry and has worked both in the U.S. and Canada. Sandra is skilled at leading teams and working with clients — Delisle Advisory Group is thrilled to be on this journey with her. Delisle is the wealth advisory firm for Canada today and tomorrow - not the Canada of yesterday. We would love to speak with you about the evolution of wealth management. Please contact Andrew at andrew@delisleadvisory.com or visit us at www.delisleadvisory.com.

Private Markets Investor | Europe is the event for the full decision making unit across operational strategy, investment management, and DC scheme management. Taking place in Central London, UK, on 21st March, the programme is designed to cater for two bespoke streams; the Private Markets Operations Forum, and the Private Markets Investor Forum. The Private Markets Operations Forum looks at the operations, technology, and data challenges facing fund groups as they seek to broaden their investment operations to attract the large inflows of capital. The Private Markets Investor Forum focuses on investment group leaders of pension funds and insurers and how they accordingly manage their investment portfolios incorporating illiquid securities into them, plus private market considerations in DC scheme set ups for pension managers, trustees, and consultants. Visit the website for more information, and to register your free place* 👉🏿 https://bit.ly/3T3qF0t. *Places are reserved strictly for representatives of asset owner groups and all investment management groups, regulatory bodies, and select consultants. Clear Path Analysis

Dealing with a Private Wealth office compared to self-directed investing offers several distinct benefits: 1. Access to Exclusive Opportunities: Private wealth offices often provide access to exclusive investment opportunities such as private equity, hedge funds, and structured products that may not be readily available to individual investors. These opportunities can diversify a portfolio and potentially generate higher returns compared to the more traditional investments typically accessible through self-directed platforms. 2. Convenience and Time Savings: Delegating investment management and financial planning to a private wealth office saves time and effort for clients who may prefer not to actively manage their investments. Advisors handle day-to-day portfolio management, monitor market conditions, and adjust strategies as needed, allowing clients to focus on other priorities or simply enjoy their leisure time without the constant need to research and monitor investments. 3. Risk Management and Emotional Discipline: Private wealth advisors can provide valuable guidance in managing investment risks and maintaining emotional discipline during market fluctuations. They help clients adhere to long-term investment strategies and avoid impulsive decisions driven by fear or greed, which can be detrimental to investment performance in self-directed investing scenarios where emotions may influence decision-making. Overall, dealing with a private wealth office offers clients the expertise and professional management required to develop personalized wealth planning services that take into account each individuals circumstances, goals and timelines. Reach out to our team at any time if you're looking for a second set of eyes and some advice on your personal financial situation.

Curious about the "strange landing" in the markets for the second half of 2024? Cameron Dawson, CFA, Chief Investment Officer, shares her insights in WealthManagement.com’s 2024 Midyear Outlook. From Fed policy impacts to the role of earnings growth, find out what could shape your investment strategy. Click here to dive into the full article: https://lnkd.in/eQt_QMVZ #NewEdgeWealth #MarketOutlook #WealthManagementMagazine

🔑 Through my tenure as a financial planner and investment advisor at J2 Capital Management, I’ve learned that patience, adaptability, and well-thought-out investment plans are key in navigating uncertain markets. ✴️ Here are my top tips for thriving in dynamic financial environments.

Summit Financial, with its backer, Merchant, acquired a significant equity stake in the wealth management division of Meeder Investment Management.  Dublin, Ohio-based Meeder Wealth Management has about $400 million in AUM.  “For these types of firms, which share a passion for growth while upholding a client-first mentality, Summit is a natural fit,” said Stan Gregor, CEO of Summit Financial.  “Having focused on the institutional side of our business, we needed to determine the future direction of our wealth management division,” said Bob Meeder, President and CEO of Meeder Investment Management.  “We considered several options: maintaining the status quo, investing to build it out ourselves, or finding partners to help elevate our wealth management business to become a national RIA,” he said. “We decided to find the right partners, and selected Summit Financial and Merchant.”  The goal is to build a multibillion dollar business with partnerships across the U.S., Meeder said.  READ MORE: https://lnkd.in/gGN7gdmV #WealthSolutionsReport #WealthManagement #FinancialAdvisors

🔑 Through my tenure as a financial planner and investment advisor at J2 Capital Management, I’ve learned that patience, adaptability, and well-thought-out investment plans are key in navigating uncertain markets. ✴️ Here are my top tips for thriving in dynamic financial environments.