JMRD Market Observer for November 10th 2017 – Wealth Professional Canada Feature – JMRD one of the industry’s Outstanding Advisory Teams

November 10, 2017

In This Week’s JMRD Market Observer

 

  • Wealth Professional Canada Feature – JMRD one of Canada’s Outstanding Advisory Teams

  • JMRD Team Members Attend Evidence-Based Investing Conference in NYC

  • JMRD Investment Beliefs

  • JMRD Basket Corner

  • Retirement Corner

  • Reads of the Week

  • Economic Calendar

  • Earnings Reports

 

 

Wealth Professional Canada Feature – JMRD one of the industry’s Outstanding Advisory Teams

 

The JMRD Wealth Management Team was recently featured in the Wealth Professional Canada (WPC) magazine as one of the industry’s Outstanding Advisory Teams.  Inclusion in this group is based on evaluation criteria that WPC outlines below.

 

The role of a financial advisor is a different beast in 2017. In the past, the job mainly focused on selling products, whether it was life insurance or mutual funds. Advisors still provide such products, of course, but a lot more is expected these days from those at the top of their profession. Holistic financial planning is what the industry is all about right now, and in order to provide such a service, many advisors elect to pool their resources. Consumers want convenience, and in the realm of financial advice, that usually means receiving a host of services under one roof. All of the teams highlighted here meet this need for their clients, whether it’s in-house or through regular partnerships.

Another major factor that leads advisors to band together is succession planning. It’s a major issue for the industry right now, as the advisors who are retiring aren’t being replaced by college graduates in equal numbers. Wealth management is a challenging profession for new entrants to establish themselves in, so where better to learn the ropes than as part of a closely knit team?

Although WPC’s Outstanding Advisory Teams differ in size, all agree that collaboration is a key ingredient to their success. Whether it’s an office of six people or 150, having a helping hand means advisors can focus on the parts of the job they do best. From investment strategy to tax and estate planning, advisors who are part of a team can specialize in a way they couldn’t as a solo practice

 

We often say that our team is only as good as the clients we serve and we just wanted to thank you again for your patronage throughout the years.  The below link will take you to the JMRD Team Profile.

 

http://www.wealthprofessional.ca/rankings/outstanding-advisory-teams-2017/the-jmrd-wealth-management-team-233026.aspx

 

 

JMRD Team Members Attend Evidence-Based Investing Conference in NYC

 

Last week, Paul Manders and Zach Davidson attended the 2nd Annual Evidence-Based Investing Conference hosted by Ritholz Wealth Management, NYC-based registered investment Advisory firm.  JMRD has now attended both events and will most likely continue to attend the same event in the years ahead.  In our Reads of the Week section of the Market Observer, we oftentimes included weekly blog articles from the Ritholz group because our investment beliefs and philosophy parallels what they write about.   

 

What is Evidence-Based investing?

 

The lineup of guest speakers was quite impressive, including Vanguard ETFs President Tim Buckley, AQR Capital Management’s Cliff Asness, and NYU Professor of Marketing Scott Galloway, whose podcasts discussing the future of technology, with a focus on Amazon, Facebook and Google are quite riveting.  Dovetailing with our feature in the Wealth Canada Professional magazine above, it is incumbent on our Team to stay at the forefront of the rapid changes that are re-shaping our industry and we attend these conferences to learn more about new trends in wealth management and to determine ways to incorporate these changes into our business to make our service offering that much better.

 

Zach and Paul took great notes at the conference, but in the interest of time, we felt that a simple attachment would be the best way to convey the information that was gleaned last week.  See the attachment for more details.  If you have any questions on the guest speakers or the topics discussed, feel free to reach out to Paul and Zach. 

 

See the full article

 

For more information on the conference and other featured speakers, please visit the link below.

 

Evidence-Based Investing Conference (EAST) 2017

 

 

JMRD Investment Beliefs

 

Just in case you missed reading the Market Observer the past couple weeks, over the summer months, the principals of the JMRD Team, who form the JMRD Investment Committee, set about to articulate our Team’s investment beliefs.  We have been a Team for over 10 years and largely have the same investment views.  However, with added members to the Team and an ever changing investment world, we wanted to dig deeper into our key beliefs.  Our team has processes in place and holds regular strategy conference calls in order to improve our investment decision-making process. We feel that testing and confirming our investment beliefs provides the solid foundation on which to make important investment decisions on an ongoing basis. 

 

Belief #5. We believe that ongoing debate and discussion as part of a portfolio management team will result in better risk management and performance than a single decision-maker implementing ideas with little input from other sources.

 

 

JMRD Basket Corner

 

DIG Basket

 

Keyera Corp (KEY) – Q3/17 in line with our expectations – Extending reach into Pipestone Montney play (see attached NBF report)

 

Northland Power (NPI) – Dividend bumped up 11% with Nordsee One set to reach COD soon; Q4 could be better (see attached NBF report)

 

Industrial Alliance (IAG) – Q3/17 First Look – solid quarter, 9% dividend increase and “confident” Q4/17 guidance (see attached NBF report)

 

All-Cap Growth Basket

 

New Flyer Industries (NFI) – Valley Metro and City of Phoenix Award Contract for up to 396 CNG Buses to New Flyer

 

Shopify (SHOP) – Coatue Management Increases Shopify Stake

 

Boyd Group (BYD.UN)Boyd Group Income Fund Reports Third Quarter Results (see attached NBF report)

 

Savaria Corp (SIS) – Savaria reported earnings with Margins exceeding expectations; rolling out 2019e on the path to $500 mln in revenue (see attached NBF report)

 

U.S. Growth Basket

 

Arista Networks (ANET) – The Gift That Keeps Giving – Arista Networks, Inc.

 

Broadcom (AVGO)Broadcom makes unsolicited bid for Qualcomm in largest tech deal in history

 

 

Retirement Corner

 

 

 

Reads of the week

 

 

 

 

 

 

 

 

 

 

Economic Reports

 

Monday November 13th – Canadian Banks Closed to observe Remembrance Day

Tuesday November 14th – None

Wednesday November 15th – CPI (US) Retail Sales (US)

Thursday November 16th – Manufacturing sales (CAD), Initial Jobless Claims (US)

Friday November 17th – CPI Oct (CAD)

 

 

Earnings Reports

 

Monday November 13th – Badger Daylighting, CargoJet Inc,

Tuesday November 14th – Algonquin Power, Ragin River Exploration, Sienna Senior Living, Home Depot,

Wednesday November 15th – Loblaw Companies Ltd, Premium Brands Holdings, l Brands Inc, Target Inc, Cisco Systems,

Thursday November 16th – Best Buy, Barclays, Gap Inc, Wal-Mart, Applied Materials Inc

Friday November 17th – None

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