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• Passing wealth on now, later, ever?

  02/12/2013
  Today’s Globe & Mail High Net Worth section featured Newport Private Wealth in a piece by journalist Paul Brent entitled Don’t let your money spoil the kids. It deals with the issues, desires, opportunities and complications of wealthy baby boomers assisting their offspring ... Keep Reading "Passing wealth on now, later, ever?" >

• Convexity and bonds

  01/31/2013
  Yesterday’s Globe and Mail included an interesting article by Boyd Erman on the impact of “convexity” on bond prices. That is, the measure of the sensitivity of the price of a bond to changes in interest rates. As advisors, we try to avoid jargon like volatility, duration, correlation and ... Keep Reading "Convexity and bonds" >

• Engaging the next generation

  12/18/2012
  At the end of November we held our launch event for NextWave, Newport Private Wealth’s initiative for young adults to help them become better equipped at managing wealth. We had a tremendous turnout with over 40 young adults in attendance for an evening of networking and a brief introduction to ... Keep Reading "Engaging the next generation" >

• Catalyst funding… for families?

  12/05/2012
  ‘Catalyst funding’ is a notion commonly associated with business, health care and even the not-for-profit sector. It describes investments that are made to accelerate the development of an innovation or strategy. The theory being that with such funding, desired outcomes can be achieved faster ... Keep Reading "Catalyst funding… for families?" >

• Filling the knowledge gap for the young affluent

  11/20/2012
  Wealthy baby boomers are retiring and the ‘Great Transfer’ of wealth is well underway. Yet, according to the 2012 U.S. Trust Insights on Wealth and Worth Survey, more than two-thirds of parents believe their children are not adequately prepared to handle wealth. This is not surprising because ... Keep Reading "Filling the knowledge gap for the young affluent" >

• Wealth management is more than just financial

  11/09/2012
  Wealth management is a tag line used by many financial advisors to describe their services. It’s a familiar term but what does it actually mean and, more importantly, what should it mean? Wikipedia says “at the most general level, economists may define wealth as anything of value which captures ... Keep Reading "Wealth management is more than just financial" >

• A new way of helping your child to buy a home

  11/06/2012
  Some generous parents wish to assist their children to purchase a home, especially given today’s seemingly “out-of-reach” prices. An obstacle for simply gifting capital to children to purchase a home is the risk that a significant portion of the funds could be lost in the event of a marriage ... Keep Reading "A new way of helping your child to buy a home" >

• Making the most of a mature dental practice

  09/26/2012
  You are now generating significant cash flow from your practice and have other decisions to make such as: What to do with the surplus cash? How much to save? How much to spend? What’s the best way to turn surplus cash flow into wealth? Keep Reading "Making the most of a mature dental practice" >

• Found money: How to unlock value from an old insurance policy

  06/25/2012
  In my insurance practice, I am meeting more and more baby boomers with the same predicament: they have a life insurance policy they no longer need, that has no cash value and annual premiums that are getting more and more expensive.  It becomes a source of irritation to see cash going out the ... Keep Reading "Found money: How to unlock value from an old insurance policy" >

• Increased wealth after age 70? Don’t bet on it.

  06/14/2012
  A recent article in the Financial Post concludes that spending by those who are retired declines with age and correspondingly wealth increases for those over 70 years of age. Our experience is quite the opposite among the higher net worth clients we have helped through retirement. In fact, I ... Keep Reading "Increased wealth after age 70? Don’t bet on it." >