Financial Wellness: Does your advisor care?

Think about financial caring.
Quite often, financial advisors are seen as a commodity. And there are many that act accordingly. They may have a duty of care, but they lack a duty of caring.

Suddenly Single: How to Plan with Female Clients

Read an insightful article ‘Suddenly Single: How to Plan for Female Clients’ in Enterprising Investor by Barbara Stewart, CFA, a researcher/ author on women and finance, formerly Partner and Portfolio Manager at Cumberland Private Wealth. Erin O’Brien, CPW Partner and Portfolio Manager shares her approach and strong value-add.

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Gerry Connor Gives Big to George Brown Centre for Business

Shaping the financial industry of tomorrow takes encouragement and support today. Facilitated by the George Brown College Foundation, Gerald Connor, Chairman of Cumberland Partners Ltd. (CPL), made a substantial personal donation intended to provide financial support for the expansion of the finance program at the Centre for Business. Read more about this initiative in the press release.

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Susanne Alexandor has joined our team

Cumberland Private Wealth is pleased to announce that Susanne Alexandor has joined our firm as a senior client portfolio manager*. Download and read the full announcement.

*Subject to regulatory approval.

How much money do you need to get the attention of a financial advisor?

In a recent interview with the Globe and Mail, Cumberland Private Wealth President and CEO Charlie Sims discusses the benefits of the combination of services provided to our clients, including tax and retirement planning, estate and legacy planning.

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Deep Roots, Stronger Together

On May 2, Cumberland Private Wealth completed the previously announced merger with Perron & Partners. So, how did two successful independent firms separated by 2,100 miles decide to join forces and Go Far Together? Let me tell you.

Both firms have a lot in common. To start with, both were founded by entrepreneurial industry veterans. Both firms were employee-owned with no affiliations to any financial organizations. Both had strong values and believed deeply in the client experience.

This article appeared in the Spring 2018 issue of our newsletter, “Interest Gained”. To read the full newsletter, please click here.

Implications of 2018 Budget on Tax for Private Corporations

As many Canadians are aware, the Department of Finance has made major changes to the taxation of shareholders effective for 2018. What used to be known as “kiddie tax” is now referred to as “tax on split income” or “TOSI” and it can potentially apply to almost anyone with residency ties to Canada. The budget also introduced new rules for corporations earning passive income, which will become effective in 2019. As a result, incorporated professionals are more restricted in their tax planning, leading some to ask: “Is it still worth it”? The classic tax-planning answer, of course, is “it depends”. This article explains some of the recent tax law changes, and considers some situations where professional corporations (“PCs”) may still offer tax and financial planning benefits.

This article appeared in the Spring 2018 issue of our newsletter, “Interest Gained”. To read the full newsletter, please click here.

Cumberland Partners Limited announces the completion of the previously announced merger with Norrep Investment Management Group Inc. and Perron & Partners Wealth Management Corp.

Toronto (ON) – May 2, 2018 Cumberland Partners Limited (CPL, parent company of Cumberland Private Wealth Management Inc. and Cumberland Investment Counsel Inc.), Norrep Investment Management Group Inc. (NCM – Norrep Capital Management), and Perron & Partners Wealth Management Corp. and Perron Asset Management Inc. (Perron & Partners) and their related entities announced today the successful closing of the merger announced on February 5, 2018.

Perron & Partners Named One Of The 9 Best Financial Advisors in Calgary

Our new partners at Perron & Partners have been recognized by Advisory HQ for their “independence, combined with expert solutions for retirement, risk management, investments, and family wealth management”. By joining forces with Perron & Partners, we now bring greater resources, more opportunities and investment talent together.

Cumberland Named One Of The 11 Best Financial Advisors & Investment Management Firms in Toronto

We’re honoured that Advisory HQ has recognized our “Expert Portfolio Construction Process and Experienced Team who act as fiduciaries” and named Cumberland among the Top 11 Best Financial Advisors in Toronto with whom to partner in 2018.