Our Views

Toronto, Canada, June 28, 2022 – Newport Private Wealth, one of Canada’s largest wealth management firms serving high-net-worth individuals and families, is pleased to announce that it has opened a location in Waterloo, Ontario to better serve clients in the area. Leading the Waterloo client ... Keep Reading "Newport Private Wealth expands to Waterloo" >

Travelling to a sun destination this winter is more complicated thanks to COVID-19. But it is possible for snowbirds and vacationers alike to get away—even if it means navigating a few challenges to reach that warm-weather destination. From commercial airlines to private travel, there is a ... Keep Reading "How to get to your winter destination during COVID-19" >

The coronavirus pandemic has thrown a wrench into many Canadians’ winter travel plans. Border closings, travel restrictions, quarantine rules, ever-changing flight schedules, rising coronavirus cases, and “hot spots” around the world are all factors to navigate. Not to mention one’s own comfort ... Keep Reading "Medical insurance options for winter travel" >

When the coronavirus pandemic escalated, insurers made it clear that travel insurance policies would not cover COVID-19-related treatments or hospital admissions. This created a conundrum for wealthy Canadians—especially older snowbirds—with homes in the U.S. or overseas, who found themselves ... Keep Reading "Insurers restore travel medical coverage for COVID-19" >

For a variety of different reasons, many high net-worth individuals include charitable giving as part of their wealth management plans – whether to reduce tax on large capital gains, drive social change, or unite family around a common cause. During the COVID-19 crisis, the ways some have ... Keep Reading "Stories of charitable giving in response to COVID-19" >

The COVID-19 pandemic has shown us the generosity, kindness and teamwork that can emerge when we all band together in a crisis. But we’re also seeing a few bad actors working to take advantage of the situation, particularly on the cybersecurity front as we spend more hours online for work or to ... Keep Reading "Cybersecurity awareness: how to stay safe online" >

A small silver lining of the COVID-19 crisis is the chance it’s given so many of us to reflect on the important things in life, from our work, our homes and living spaces, to our relationships, family values and life goals. For high net-worth families especially, these trying times have created ... Keep Reading "How, when, if? The question of wealth transfer" >

We all know that the economic and social consequences of the COVID-19 crisis have been widespread and far-reaching. One lesser-known upshot is an exponential surge in demand for will and estate planning services among high net-worth individuals (especially seniors). “We’ve been getting a lot of ... Keep Reading "Wills and estate planning take on new urgency" >

In the middle of a global pandemic, tax planning is unlikely to be at the top of your list of priorities. But as managers of our clients’ total wealth picture, it is incumbent on us to be constantly scanning the environment for new planning ideas. As grievous as the circumstances are, the ... Keep Reading "Market sell-off creates new tax and estate planning options" >

Entrepreneurs are a huge part of the Newport family and the economic shutdown due to COVID-19 has brought a tsunami of business challenges. They are responding with extraordinary leadership—reducing costs, pivoting their businesses and innovating to make it through the worst of this situation. ... Keep Reading "Federal COVID-19 relief programs: what they mean for your business" >