Annual Client Education Night - scheduled for October 24 at the Hellenic Centre we will be hearing from Peter Chisolm of Mackenzie Financial, who will explain the details of the new Mackenzie Charitable Giving Fund and provide an update on the Cundill Value and Ivy Foreign Equity funds.  Following Peter, Dave will speak about "Portfolio building for growth and stability - learning from the boom and bust of the last decade".  Dave has been working on a model portfolio designed to carefully diversify assets to significantly increase performance stability yet still produce excellent returns.  This has already been implemented with some of his clients, who have said this solution is just what they were looking for.  This model will be used as an example to demonstrate how effective portfolio diversification is accomplished.

Dundee bank of Canada  In September Dundee Wealth Management launched Canada's newest schedule 1 bank to the public.  Full page ads are appearing in major media over the next few months.  Unlike all other banks, this one is built to specifically meet the needs of the clients of financial advisors.  It has adopted the approach of "if you ask for it we will build it" versus the typical bank's approach of "if we don't have it, you don't need it".  The first products available are a high rate savings account, mortgages and GICs.  More will come in the months ahead.  The Investment Savings Account is very interesting as it provides a higher rate than current leader ING and is accessed like a mutual fund account through your advisor.  It pays interest based on dollar one from day one with no minimum required.  It is not suitable for frequent transactions but rather as a substitute for savings accounts, reserve funds, money market funds, and GICs.  For current clients opening an account is as easy as adding to your existing non-registered funds.  In most cases a cheque and one signed form will do it.  Check out the Dundee bank of Canada web site or contact our office for more information.

Reduction of tax deducted at source - Every fall we run a project to reduce the payroll taxes of clients who expect substantial tax refunds for the following year.  This enables them to make much larger investments than their budget would otherwise allow. and sometimes seems like magic.  If you used this strategy in 2006, expect an email very soon.  If not and you are interested, just contact the office to discuss the possibilities!