WealthManagement.com’s Post

Back in 2006, when I was deciding which firm I wanted to join to continue my career as a portfolio manager, I chose Phillips, Hager & North. The firm wasn't well known in Montreal, as it was headquartered in Vancouver. My decision was based on the firm's strong culture of excellence in investment management, with a client-centered approach and a commitment to thought leadership. In 2008, RBC acquired PH&N to enhance its expertise in private client and institutional investment management. Today, RBC PH&N Investment Counsel, RBC Global Asset Management and PH&N Institutional are leaders in their respective industries and continue to build on the tremendous talents of their teams. This year, PH&N celebrates 60 years of existence 🥳 The firm continues to maintain its culture of excellence and focus on the client. I’m proud to be a part of this history and this outstanding team! Here's a bit of background about 1964, when a different kind of investment firm was founded: The investment firm known as Phillips, Hager & North (PH&N) was founded in Vancouver by Art Phillips, Bob Hager and Rudy North, who were soon joined by Dick Bradshaw. The four founding partners set out to create a different kind of investment firm. In those days, investment management was primarily the domain of insurance companies and brokerage firms. The former offered limited investment options and with the latter, clients could face high commission costs generated through unnecessary portfolio turnover. PH&N offered a somewhat different approach: active investment management, transparency, and modest fees based on portfolio assets, so clients knew what they were paying for in their portfolio. From the beginning, PH&N clients included institutional and individual investors.

Latest PEOPLE MOVES: Evelyn Partners, Canaccord Genuity Wealth Management (UK, Channel Islands and Isle of Man), M&G Investments, Vanguard, TIME Investments, GAM Investments, EdenTree Investment Management Read the full article: https://lnkd.in/ebYivDWD #peoplemoves #assetmanagement #wealthmanagement

The prevalent conflicts of interest within major advisory firms are striking, particularly in the context of brokerage firms’ ‘Pay to Play’ models. These models, which often generate substantial additional revenue in the hundreds of millions, inherently create a conflict of interest. This situation may lead to clients either incurring excessive costs for their investments, as the expenses incurred by fund providers are likely to be passed on to them, or being placed in suboptimal investment options due to the higher compensation they offer to the firm. At Thayer Financial, as a fee-only Registered Investment Advisor (RIA), we consciously avoid these conflicts by not engaging in any form of revenue-sharing. Our foremost commitment lies in selecting only the most beneficial investments for our clients, ensuring that their interests are always our primary focus.

Grow your wealth with purposeful investment strategies. Our strategic asset allocation services help you optimize returns while managing risk, guiding you toward your financial objectives. https://loom.ly/yav_2oo #HarbourTrust #AssetAllocation

Happy New Year! 🎉 📅 Followers of the IoD Insurance Group may be interested to know that our friends at iNED Forums are starting off their year with an event focussed on the Outlook for Investment Markets in 2024, on 5th February at 4pm (online). 🎤Speakers are senior investment professionals from NEAM, Blackrock and Knight Frank and the discussion will focus on how insurers best position their investment portfolios for 2024 - especially in the context of continuing uncertainty around geopolitics and the macroeconomic environment, including the future path of interest rates. 🔎 No doubt this will be of particular interest to anyone involved in investment management in insurance, or having oversight of it at board level, and perhaps also for those of us who are just wondering what we should be thinking about in terms of our own investments! You can find out more and book your place here ⬇️ https://lnkd.in/e-H7c_-k #insurance #investments #investmentoutlook #investmentstrategy

“Don’t let adverse facts stand in the way of a good decision.” — Colin Powell We receive many requests to consider private equity investments. If you can invest directly and with little to no fees, it may make sense. However, these funds do not seem to make sense for most investors. We try to shed light on the significant factors which will work against you in most alternative asset investments. #privateequity #investmentadvisory #alternativeinvestment #alternative #investmentmanagement

Leading with Excellence at a Crucial Time   The impending transfer of $85 trillion in wealth(1) over the next 25 years underscores the critical role of our next-gen advisors. They specialize in sophisticated planning, including asset allocation, trusts, estate plans, and family governance, essential for high-net-worth and ultra-high-net-worth families. Our advisors are expertly positioned to guide complex multigenerational wealth transitions, ensuring alignment with family values, long-term goals, and preparing younger investors set to inherit $68.5 trillion(1). We are proud to highlight the achievements of our advisors on the 2024 Forbes America's Top Next Gen Wealth Advisors list. With 19 ranking among the Top Next-Gen Wealth Advisors nationwide, and an impressive 145 recognized as Best-In-State, UBS continues to lead in shaping the future of wealth management. Congratulations to each of our honored advisors! Bijan Behboodi, CFP® CEPA® Worth Boyce, CFP® Austin R. Del'Ve, AWMA®, CEPA® Christopher Dillon, CFP® Daniel Emerson, CFP® Nick Francia Travis Frayard William Gomez-Moller Jeremy Keller, AAMS® Lauren Konstantin, CFP® Nicholas C. LoMaglio, CEPA® Scott MacDonald, CPWA® Trey Mahoney Corey Mazza Megan Portacci Harris Ringelheim - CFP® Kayvon Sarmadi Stockton M. Schultz Samuel Sinclair Source: (1) Cerulli Associates Read the full article here: https://lnkd.in/eQ4K3U45 The Forbes rating is compiled by SHOOK Research and awarded annually in August based on information from a 12-month period ending in March of the award year. Eligibility is based on quantitative factors and is not necessarily related to the quality of the investment advice. For more information on third-party rating methodologies, please visit https://lnkd.in/djkcwYR.

📢🗞️ In a Chief Investment Officer story just out, Clearwater CRO Scott Erickson weighs in on the findings of a recent Clearwater study, showing leading #insurers rethinking their #investment strategy and increasing their focus on short-term assets. “The key takeaway is the integral role technology can play in managing and optimizing liquidity portfolios, and robust solutions like Clearwater’s can streamline operational processes.” Read the full story here: https://lnkd.in/eBijU2cT

📢🗞️ In a Chief Investment Officer story just out, Clearwater CRO Scott Erickson weighs in on the findings of a recent Clearwater study, showing leading #insurers rethinking their #investment strategy and increasing their focus on short-term assets. “The key takeaway is the integral role technology can play in managing and optimizing liquidity portfolios, and robust solutions like Clearwater’s can streamline operational processes.” Read the full story here: https://lnkd.in/grbmyDCj

As the landscape of wealth management and financial advisory continues to evolve rapidly, it becomes imperative for professionals to meet the evolving demands of clients seeking alternatives to traditional investment management