One of the hardest decisions to make in succession planning involves choosing who to appoint as an Executor or Trustee for your estate. Many wealthy Canadians often make the mistake of appointing a family member or members as executors of their will. While this may seem like a good decision at the time many experts say otherwise.

Financial planning pertains to managing one’s liquid cash, as well as, savings and investments. However, it goes beyond that. Financial planning takes into account taxes, budgeting, insurance, mortgages, retirement planning, estate planning, and much more to help you achieve your intended financial goals.

The sum of your life accomplishments can often be boiled down to what you leave behind for future generations. For many Canadians, the entire purpose of accumulating wealth is to ensure that the next generation has the best chance for a bright and prosperous future.

Today, more and more wealthy investors are giving importance to aligning their investments with their values rather than the pursuit of profits. This form of investing is referred to as responsible investing and can be categorized into three main categories; Socially-Responsible Investing (SRI), Impact Investing, and Environmental, Social, and Governance (ESG) investing.

What is your risk tolerance? You are probably wondering how I should know? But that’s the wrong question. The real question is, how can I know?

Determining how much risk an individual can tolerate isn’t as easy as you would imagine. Several factors, such as age, experience, priorities, investment goals, and amount of available liquid capital, can all influence the level of risk a person would be willing to take.

Investors had lots to cheer by the end of Q1 as stocks rallied, bond yields fell, central bank hiking slowed and inflation cooled again. It’s a promising start to 2023 but there were a few shocks along the way.

The community of Lawrencetown Beach is working towards a professionally designed and built skatepark. It will be a place to accommodate a large demographic, including the local community, beach visitors, skateboarders, surfers, young and old.

Doctors, surgeons, and other specialized healthcare professionals have arguably some of the toughest and most demanding jobs in the world. Late working hours, chaotic schedules, and little to no personal life are just the way things are for most healthcare professionals. Luckily, the healthcare profession is just as gratifying as it is demanding.

For any business owner, succession planning is vital. A well-thought-out succession plan allows a business or company to continue to thrive even after the owners, and other key personnel have left, retired, or passed away.

For investors seeking to diversify their investment portfolio, mutual funds are a viable option. Let’s learn why?

Investors experienced a turbulent ride in 2022. Inflation, central bank rate hikes, oil prices, supply chain disruptions and the Russia-Ukraine conflict cast a long shadow on markets, causing extreme volatility and dominating financial headlines 24/7.

“Fixed income investments” is a broad term referring to different types of investment securities that give investors fixed dividends or interest payments, until a specified maturity date.

Upon maturity, investors are paid back the principal amount that had been invested. In practice, the most common types of fixed-income investments are government and corporate bonds.

Eastport Financial held our annual turkey drive again this year, handing out over 400 turkey dinners to families so that they can celebrate Christmas at home. Another amazing time with so many great volunteers and business leaders throughout NS and NOW Newfoundland – who stepped up to show their neighbours they are loved and cherished this time of year. Thank you everyone!! Merry Christmas!

Setting up a life insurance policy isn’t the most straightforward thing. It involves answering numerous questions and really thinking about future goals. While creating a policy, your agent will ask you questions about your health and lifestyle. However, there will also be some out-of-the-ordinary questions such as who to designate as your beneficiaries and whether they will be revocable or irrevocable.

“Time Weighted Rate of Return” (TWRR) and “Money Weighted Rate of Return” (MWRR) are measurements used to assess an investor’s portfolio.

In the simplest of terms, TWRR will measure your portfolio’s performance only by assessing the time measurement period. MWRR, in addition to considering the measurement period, also takes into account the cash flow.

Investing in equities is the same as investing in stocks. In a manner of speaking, if you’re investing in stocks, then you’re investing in equities!

However, not all equities are stocks, as the term “equities”, includes a list of different investment options (one example is mutual funds). The common factor is that none of these investments pay a fixed interest rate, but rather you make a portion of the profit that the company or fund earns.