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While back to school is looking different this year, the benefits of contributing to a Registered Education Savings Plan (RESP) have not changed.

One of the greatest gifts we can give children is education. When it comes to post-secondary education, this gift can come at a significant cost.

Active management trumps passive approach Last week, we discussed the major equity indices used around the world. We also addressed the terminology used and highlighted some of the pitfalls of monitoring the returns on indices.

Anyone following the business news or reading financial literature is aware of market indices. An index is a select number of stocks listed on an exchange.

Part of the initial discussions we have with new clients is obtaining an understanding of their goals. Some individuals are very goal oriented and others are not.

When cash flow needs are discussed and communicated in portfolio reviews with your Portfolio Manager, the investment portfolio can be structured accordingly and no further verbal discussion is required unless circumstances change.

In several of our past articles we have written about the importance of communicating your cash flow needs to your portfolio manager. It is so important that it is often at times the first questions we ask our clients who are no longer working.

Many people are used to paying their household bills on a monthly basis. It is a routine that keeps the lights and power on. When it comes to saving and investing, most individuals have a different approach.

Every day our team fields phone calls and emails from clients asking how they can put money into their investment account. The inquiry is from the mindset of what is the most efficient way to make the deposit that is secure, easy and fast.

Much of the historical information we need regarding our clients’ tax situation and federal programs is available in electronic form.