Just like a skilled rider managing the unpredictable movements of a bucking horse, successful investors needed a combination of skill, patience, and focus during the ups and downs of 2023. The events served as a reminder of the difficulty in accurately predicting economic or market events. Learn more in our 2023 Year-End Commentary.

The first home savings account is a type of registered account that was designed to help individuals save for their first home purchase. If you are a resident of Canada with a valid SIN, are the age of majority in your province, and are considered a first-time home buyer, you may be eligible to open a FHSA.

Tennis and wealth management share striking similarities in their stamina, patience, and strategic thinking requirements. In tennis, players need physical stamina to endure long matches, mental patience to wait for the right moment to strike, and tactical acumen to outmaneuver their opponents.

Over the last few decades there has been a growing trend from institutional investors, like pension plans, to diversify beyond stocks and bonds into alternative investments.

So, what are the alternative investments that pensions are allocating to? Continue reading to find out.

The Canadian Hedge Fund Awards celebrate and acknowledge outstanding performance in the Canadian hedge fund industry. Being nominated in this highly competitive field is a significant achievement for us, and we owe a big thanks to our valued clients for your ongoing support.

Thousands of individuals and corporations in Canada donate to charities every year. Learn about the tax implications of making charitable donations from Tax lawyer Amanda Doucette.

The check engine light is flashing, yet the car still seems to be performing well. Portfolio Managers Lorenzo Pederzani and Matthew Evans, take a closer look under the hood and discuss opportunities and risks in both public and private markets.

Westmount Wealth's Portfolio Managers Matthew Evans & Lorenzo Pederzani interview Trez Capital's Keiju Yamasaki. Keiju is the Global Head, Credit Risk & Underwriting for Trez Capital. Watch Lorenzo & Matt discuss investing in Private Mortgages as an investable asset class in Canada. Trez Capital Prime Trust is an investment held in the Westmount Alternative Income Fund as of July 31, 2023.

In an ever-evolving world, women take on increasingly vital societal roles, becoming influential decision-makers, entrepreneurs, and leaders in various industries. By 2024 the privately held wealth of Canadian women is estimated to rise from $1.2 trillion to $2.7 trillion, representing 50% of total wealth in Canada.

Many factors contributed to the great inflationary spike of 2021-22. In response, central banks in Canada and the US implemented some of history's fastest interest rate hikes. Their goal was to slow the economy in hopes of moderating inflation. The result was that virtually all asset classes, from stocks to bonds to real estate, were negatively impacted.

The BC Property Tax Deferment program is a lower-interest loan program offered by the province of BC for those in need. The province will pay your municipal property tax bill and charge you competitive interest rates for the money loaned to you.

Life insurance is just one of the various ways Canadians can donate to charitable organizations and receive a donation tax credit. This is accomplished by the donor making the desired charity the owner of the donor’s new or existing life insurance policy.

Westmount Wealth Portfolio Managers Matthew Evans & Lorenzo Pederzani review 2023 Q1 market performance as well as the some of the major headlines during the quarter.

Westmount Wealth's Portfolio Managers Matthew Evans & Lorenzo Pederzani interview Alignvest Student Housing REIT's Managing Partner Sanjil Shah to discuss student housing as an investable asset class in Canada. This is an investment held in the Westmount Real Asset Fund.

The TFSA can be an very powerful tool for wealth generation. Investment income earned inside your TFSA (interest, dividends, and capital gains) do not create an income tax liability.  Gains are truly tax-free.

Mehul speaks with Sheila Burns, a director at CLHIA, about their new Critical Illness Insurance Consumer Guide. Critical Illness insurance is one of the most misunderstood types of insurance in Canada. It is also one of the least talked about by consumers and insurance advisors alike. The Canadian Life and Health Insurance Association (CLHIA), a consumer based association recently released a consumer guide on critical illness insurance to help Canadian consumers. Sheila starts with explaining about the decision to create the guide and then we get into a detailed discussion on critical illness insurance.

If you were successful in generating wealth during your working years, your advisor or financial planner may inform you that you have more money than you will ever spend. Instead of worrying about “do I have enough,” your concern shifts to “how do I protect what I have saved?”

Westmount Wealth Portfolio Managers Matthew Evans & Lorenzo Pederzani cover market performance in 2022 as well as reviewing the performance of the Westmount Wealth funds.

Several times a year, I receive questions from clients about adding an adult child as a joint owner of their assets.  This could be bank accounts, investment accounts, or even as a joint owner of their home. 

Is scrapping DSCs from segregated funds the right path forward?