Wealth Management Articles
Discover exclusive educational events and seminars designed to enhance your financial understanding and growth, curated specially for our valued clients.
Elevate your Financial Wisdom
Each year, Momentum showcases a number of world-class educational presentations and seminar events. We believe strongly in the concept of lifelong learning and are proud to host these events on a wide variety of topics and financial issues that will resonate with our clients and their families. As valued clients of the firm, our team is pleased to extend special invitations to you as our honoured guests to events closely related to your interests at different times in the course of the year.
December 3, 2024
Co-authored by Peter Sproule, CFP, CLU, CHS & Ahmed El-Halaby, Philanthropy Officer While the word ‘philanthropy’ may make you think of $100 million pledges to hospitals and universities befitting the benefactor’s name on the side of a building, philanthropy comes in all shapes and sizes. At Momentum Financial Services Inc., we often discuss the benefits of charitable giving with clients, not only from a philanthropic perspective but also for the financial advantages...
November 22, 2024
Written by Peter Sproule, CFP, CLU, CHS With the US General Election now behind us with what has turned into a sweep for the Republican Party and the President-Elect, Donald Trump, there is a lot of anticipation for the start of the next term on January 20, 2025. For investors, this period can be confusing, as talking heads guess at what policies and changes may or may not happen, and when. As...
September 10, 2024
High-net-worth individuals (HNWI), have different needs and expectations than most people when it comes to their assets and the direction of their financial future. With numerous assets, companies to run, and properties to manage, they likely don't have time to handle the growing complexities of their finances. High-net-worth wealth management services take this burden off their shoulders, providing opportunities to protect and grow their fortunes and giving them space to focus on managing...
August 26, 2024
Investment managers use a few different tools to balance and optimize your portfolio. This helps protect it against possible losses and also to maximize your gains. One of the most important things to do is include at least a few alternative investments. Alternative investments are financial assets that you would not find in your usual selection of investment instruments like stocks and bonds. They could include venture capital, hedge funds, managed futures, art...
August 19, 2024
A lot of people think of insurance as a grudge purchase - a waste of money, but the truth is you need it to protect your assets against all types of risks. It is there to help you protect your wealth. If you are a business owner or a high-net-worth individual, insurance can be invested in to augment your estate, act as collateral, and help you be more tax-efficient. If you choose your...
August 13, 2024
You have worked hard to acquire what you have. Naturally, you want to ensure that your assets can pass to your heirs as you see fit, and this is why you need to understand the importance of estate planning. High-net-worth estate planning may not be something you want to talk about, but it is a necessary step in ensuring that your estate will be wound up according to your wishes. A carefully...
August 12, 2024
By Peter Sproule, CFP, CLU, CHS, Investment Advisor and Rosanna Palmieri, CEA, Investment Advisor Key Details Election Year: 2024 is the year of elections, with 8 of the 10 most populous countries voting, accounting for almost 2 billion people. Most notably, Brazil, India, Russia, Pakistan, Mexico and of course, the US, have had or have elections upcoming. With varying degrees of fair and transparent democratic elections, the geo-political impacts are present, nonetheless, and...
July 29, 2024
By Peter Sproule, CFP, CLU, CHS Certified Financial Planner, Momentum Financial Services Inc. Owning a cottage can be a cherished family tradition, but it also comes with unique challenges when it comes to estate planning. Whether it's navigating tax implications, ensuring fair distribution among beneficiaries, or preserving the property's sentimental value, careful planning is essential to protect your legacy. Here’s a comprehensive look at some typical challenges and considerations, along with...
July 29, 2024
By Peter Sproule, CFP, CLU, CHS Certified Financial Planner, Momentum Financial Services Inc. The Federal Budget 2024 introduces several significant measures impacting professionals and business owners across various sectors. For high-net worth individuals, some of the measures will have significant planning considerations. Understanding these changes is crucial for effective financial and estate planning. Increase in the Capital Gains Inclusion Rate. Budget 2024 proposes to increase the capital gains inclusion rate...
