October 2019

QV Update — Q3/2019 Commentary

The majority of global stock markets posted positive returns in the quarter, extending the first half’s strong performance. While gains are welcome, markets continue to struggle to advance meaningfully and volatility remains elevated. Bond markets also continued to rise, resulting in lower bond yields. There was no shortage of negative headlines during the quarter. In fact, they seemed quite at odds with the relatively favourable return environment, which is not atypical of bull markets.

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Conversations on wealth —
Discussions on today’s strategies for tomorrow’s prosperity

Conversations on Wealth is a podcast series dedicated to helping Canadians navigate the complexities of wealth through a multi-dimensional approach to planning and wealth management.

Host Sarah Widmeyer, Director of Wealth Strategies at Richardson GMP, talks candidly with various experts, in-house and externally, asking key questions that draw useful insights on wealth-planning issues. 

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Avoiding un-necessary complications at the worst of times — CV Trust

In our role as corporate executor and agent, we often see the same scenario – a long term marriage where the husband works outside of the home while his wife left the work-force to raise their children — followed by the husband’s unexpected death. At the time of passing, their financial assets and liabilities are predominately in the husband’s name with his wife having limited access to her own financial resources — things like credit cards are connected to his.

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Bank of Canada unclaimed balances

As you may know, the Bank of Canada maintains an unclaimed balances portal where Canadian financial institutions transfer account balances that have been inactive for 10 years and the owner of the account is not reachable by the financial institution. Currently, there is approximately $816 million on the Bank’s books. You can find out more information here: 

Unclaimed Balances

It’s really easy to search, and you can search any name. Here’s a link to the portal:

Unclaimed Balances Portal

Barney Bentall and the Cariboo Express are coming Saturday, November 23 and we want YOU to join us!

The 14th annual Barney Bentall & The Cariboo Express concert in support of Potluck Cafe Society will be held at the Vogue Theatre in Vancouver on Saturday, November 23rd, 2019 at 7:15 pm.

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