By Amy Cronkwright, Financial Advisor at Spire Advisors of Assante Capital Management Ltd., North Bay
Spire Advisors have offices in Orillia, Huntsville, North Bay, Powassan and Parry Sound; however our clients are all across Ontario – and depending on individual circumstances, we may pull in the specialized expertise of our fellow advisors from a couple of different office locations to create the best possible long-term strategy.
The first time I visited with Edith in her home (pre-COVID) to review her portfolio, she expressed concern over the fact that it was on the “smaller” size – and therefore perhaps not “worthy” of the time and effort required to make the trip to meet with her. I assured her that I was happy to help her with the financial advice she required, and we created a plan that worked most efficiently for her at that time.
About a year after we set her tailored plan in motion, Edith called to ask me when I would be heading her way again. She informed me that since our last visit, she had received a “little” inheritance; and she was going to need some assistance investing it wisely, with a long-term strategy in mind.
I made the drive to meet her shortly after her phone call; and it turned out that her “little” inheritance was, in fact, quite sizeable.
As substantial as the newly acquired funds were, Edith did not personally require them for day-to-day living. She told me that her goal for this wealth was to leave it behind, as an inheritance for her children.
Over the course of drafting a revised proposal for Edith, I reached out to another individual at Spire Advisors, because I felt that her area of expertise would add value to Edith’s long-term strategy.
When I met with Edith again, I brought my co-worker with me – and we worked as a team to facilitate a direction for Edith’s investment.
Oftentimes, this type of synergy is required when creating a robust, multi-faceted plan for wealth management; and in this case, teamwork truly makes the “dream work.”
Of course, I am pleased that my client was impressed with the process, our collaborative efforts, and the outcome. In fact, she ended up referring a family member to us, which is fantastic!
However, what is most important is that Edith can enjoy the peace of mind that comes with knowing she received the best advice possible; because to me (and to all of us at Spire Advisors) the people behind the figures matter most.
We are here for you as individuals, and as a group with a shared purpose: to make your goals and dreams come true.
If you’ve come into an inheritance and require a streamlined, multi-faceted plan for your newfound wealth, reach out to any one of our advisors in Huntsville, Powassan, North Bay, Orillia or Parry Sound today.
Article written by Amy Cronkwright, Financial Advisor at Spire Advisors of Assante Capital Management Ltd., North Bay
*The case study mentioned in this article is based on an actual scenario but names and identifying details have been changed to protect the privacy of individuals. The case study is provided for illustrative purposes only to provide an example of our process and methodology. Past performance does not guarantee future results. The results portrayed in this case study are not representative of all of our clients’ experiences. Different types of investments involve varying degrees of risk, and actual results may vary materially than those portrayed herein. Therefore, it should not be assumed that the future results of any specific investment or investment strategy (including the investments and/or investment strategies recommended or undertaken in this article) will be profitable or equal the results portrayed herein. An individual’s experience may vary based on his or her individual circumstances and current/future market conditions, and there can be no assurance that any client will achieve similar results in comparable situations. The information contained herein should not be construed as personalized investment advice. Please contact us for additional information with respect to the strategies and/or investments described herein.
*Assante Capital Management Ltd. is a Member of the Canadian Investor Protection Fund and Investment Industry Regulatory Organization of Canada. This material is provided for general information and is subject to change without notice. Every effort has been made to compile this material from reliable sources however no warranty can be made as to its accuracy or completeness. Before acting on any of the above, please make sure to see a professional advisor for individual financial advice based on your personal circumstances.
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