Echelon Wealth Partner Blog

Investment Philosophy

website@sitemodify.com (Website Editor) — Mon, 17 Jun 2024 16:33:00 GMT

No one has the crystal ball that allows them to identify just when the stock markets of the world will move in one direction or the other. We believe that it is buying the right businesses, not buying at the right time that counts. Wealth is created universally through business ownership, not timing the market.

Click To Read - What should you do if the stock market goes down?

Source: Charts are sourced to Bloomberg L.P. and Purpose Investments Inc.

The contents of this publication were researched, written and produced by Purpose Investments Inc. and are used by Echelon Wealth Partners Inc. for information purposes only.

This report is authored by Craig Basinger, Chief Market Strategist, Purpose Investments Inc.

Disclaimers
Echelon Wealth Partners Inc.
The opinions expressed in this report are the opinions of the author and readers should not assume they reflect the opinions or recommendations of Echelon Wealth Partners Inc. or its affiliates. Assumptions, opinions and estimates constitute the author's judgment as of the date of this material and are subject to change without notice. We do not warrant the completeness or accuracy of this material, and it should not be relied upon as such. Before acting on any recommendation, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Past performance is not indicative of future results. The comments contained herein are general in nature and are not intended to be, nor should be construed to be, legal or tax advice to any particular individual. Accordingly, individuals should consult their own legal or tax advisors for advice with respect to the tax consequences to them.
Purpose Investments Inc.
Purpose Investments Inc. is a registered securities entity. Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the prospectus before investing. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
Forward Looking Statements
Forward-looking statements are based on current expectations, estimates, forecasts and projections based on beliefs and assumptions made by author. These statements involve risks and uncertainties and are not guarantees of future performance or results and no assurance can be given that these estimates and expectations will prove to have been correct, and actual outcomes and results may differ materially from what is expressed, implied or projected in such forward-looking statements. Assumptions, opinions and estimates constitute the author’s judgment as of the date of this material and are subject to change without notice. Neither Purpose Investments nor Echelon Partners warrant the completeness or accuracy of this material, and it should not be relied upon as such. Before acting on any recommendation, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Past performance is not indicative of future results. These estimates and expectations involve risks and uncertainties and are not guarantees of future performance or results and no assurance can be given that these estimates and expectations will prove to have been correct, and actual outcomes and results may differ materially from what is expressed, implied or projected in such forward-looking statements. Unless required by applicable law, it is not undertaken, and specifically disclaimed, that there is any intention or obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. Before acting on any recommendation, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice.
The particulars contained herein were obtained from sources which we believe are reliable, but are not guaranteed by us and may be incomplete. This is not an official publication or research report of either Echelon Partners or Purpose Investments, and this is not to be used as a solicitation in any jurisdiction.
This document is not for public distribution, is for informational purposes only, and is not being delivered to you in the context of an offering of any securities, nor is it a recommendation or solicitation to buy, hold or sell any security.

Get Ready To File Your 2016 Income Tax

website@sitemodify.com (Website Editor) — Mon, 10 Jun 2024 15:34:00 GMT

Get Ready To File Your 2016 Income Tax

Filing Deadline For 2016 returns: April 30, 2016 Latest: May 1, 2017

Self-employed: June 15, 2017

Earliest Online Filing Date:

February 20, 2017

Source: Charts are sourced to Bloomberg L.P. and Purpose Investments Inc.

The contents of this publication were researched, written and produced by Purpose Investments Inc. and are used by Echelon Wealth Partners Inc. for information purposes only.

This report is authored by Craig Basinger, Chief Market Strategist, Purpose Investments Inc.

Tax-Free Growth

website@sitemodify.com (Website Editor) — Mon, 03 Jun 2024 17:56:00 GMT

TFSA OR RRSP? YOU CAN BENEFIT FROM BOTH.

You don’t need to choose one plan over the other. Both allow you to hold a wide range of qualified investments, including cash, mutual funds, government and corporate bonds, GICs and publicly traded securities.

How you allocate your investments between the two plan types depends on your overall investment goals and your current tax rate versus your expected future tax rate.

COMPARING TFSAs AND RRSPs

Investors who are saving for their future through an RRSP often wonder which one is better: TFSAs or RRSPs.

The answer is both are savings vehicles that can help you build wealth over the long term. They complement each other within a comprehensive financial plan.

A TFSA can be used to meet both your short- and long-term goals. An RRSP is an ideal way to save for your retirement.

Source: Charts are sourced to Bloomberg L.P. and Purpose Investments Inc.

The contents of this publication were researched, written and produced by Purpose Investments Inc. and are used by Echelon Wealth Partners Inc. for information purposes only.

This report is authored by Craig Basinger, Greg Taylor and Derek Benedet Purpose Investments Inc.

Peerage Capital Invests $27 Million Into Echelon Wealth Partners

website@sitemodify.com (Website Editor) — Tue, 28 May 2024 13:43:00 GMT

Toronto-based Echelon Wealth Partners Inc. announced on Tuesday that it has completed a $27-million initial financing deal with Toronto-based Peerage Capital Canada Ltd., which was founded by Miles Nadal.

Echelon Wealth Partners is an independent wealth-management and capital markets firm with approximately 80 investment advisors and portfolio managers. It has more than $4 billion of assets under administration and management.

"We are delighted to have Peerage Capital and Miles Nadal as financial partners," says David Cusson, Echelon's CEO, in a statement. "They have a demonstrated track record of identifying long-term opportunities and partnering with entrepreneurial management teams to build businesses with cultures that attract and retain top calibre talent."

Echelon has been on a trajectory of growth in recent months. The firm, which used to be known as Euro Pacific Canada, completed its acquisition of Dundee Goodman Private Wealth, a division of Toronto-based Dundee Securities Ltd., in April. The transaction included the movement of 72 investment advisors and related support teams as well as Dundee Goodman's separately managed account program and some of its fixed-income, foreign-exchange and insurance businesses.

"At Peerage Capital, we have a unique talent to partner with unique talent," says Nadal in a statement. "We are privileged to be an equity partner and capital provider to Echelon Wealth Partners and to help reinvent the wealth-management industry and create the leading independent investment management firm in Canada."

Peerage is a private equity firm that has been in business for more than 35 years. It touts itself as providing liquidity, liquidity, continuity of management, autonomy, and strategic resources to businesses in the real estate and financial services sectors.

Source: Charts are sourced to Bloomberg L.P. and Purpose Investments Inc.

The contents of this publication were researched, written and produced by Purpose Investments Inc. and are used by Echelon Wealth Partners Inc. for information purposes only.

This report is authored by Craig Basinger, Chief Market Strategist, Purpose Investments Inc.

BOC July 2016 Monetary Policy Report - Canadian Economy

website@sitemodify.com (Website Editor) — Tue, 21 May 2024 18:06:00 GMT

The Canadian economy continues to adjust to low commodity prices. The reallocation of investment and employment from the resource sector to the non-resource sector is progressing. Starting in the second half of 2016, real GDP is expected to increase at a rate that exceeds potential growth, driven by solid US domestic demand growth and federal infrastructure spending and other fiscal measures (Table 2). The outlook for real GDP is also supported by accommodative monetary and financial conditions and the past depreciation of the Canadian dollar. While the fundamental elements of the growth projection are similar to those presented in April, the forecast for real GDP growth has been revised down. Downward revisions to investment and exports more than offset the positive economic effects of the recent increase in oil prices. The output gap is expected to close somewhat later than forecast in April, toward the end of 2017. The Bank expects inflation to average close to 2 per cent throughout 2017 as the output gap narrows.

Source: Charts are sourced to Bloomberg L.P. and Purpose Investments Inc.

The contents of this publication were researched, written and produced by Purpose Investments Inc. and are used by Echelon Wealth Partners Inc. for information purposes only.

This report is authored by Craig Basinger, Chief Market Strategist, Purpose Investments Inc.

Canada Post Strike or Lockout

website@sitemodify.com (Website Editor) — Mon, 13 May 2024 18:06:00 GMT

Please be advised, Canada Post may potentially go on strike.

We are informing you of this possibility as this may impact you as a client of Echelon Wealth Partners in terms of delivery of;

- Client Statements

- Trade Confirmations

- Client Cheques

What can you do to prepare ?

1. Enroll for E-Document solution . This will allow you to access the Monthly Statements and Trade Confirmations online.

2. If you currently receive a cheque from a recurring event (ie RRIF payment, Automatic Withdrawal) or through ad-hoc requests, please consider switching your payment method to an Electron Fund Transfer EFT to ensure you receive your funds through a direct deposit to the bank.

We will provide additional information as it becomes available.

Should you have questions please do not hesitate to contact us.

#market #inflation

Source: Charts are sourced to Bloomberg L.P. and Purpose Investments Inc.

The contents of this publication were researched, written and produced by Purpose Investments Inc. and are used by Echelon Wealth Partners Inc. for information purposes only.

This report is authored by Craig Basinger, Greg Taylor and Derek Benedet Purpose Investments Inc.

The Future

website@sitemodify.com (Website Editor) — Mon, 06 May 2024 17:53:00 GMT

#economy #consensus

Source: Charts are sourced to Bloomberg L.P. and Purpose Investments Inc.

The contents of this publication were researched, written and produced by Purpose Investments Inc. and are used by Echelon Wealth Partners Inc. for information purposes only.

This report is authored by Craig Basinger, Greg Taylor and Derek Benedet Purpose Investments Inc.