Episodes
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Welcome to another episode of Think Smart with TMFG, where hosts Rob McClelland and Mike Connon of Assante Capital Management dive into the dynamics of private wealth management. This week, we dissect the transformation of private wealth offices into publicly traded company divisions and explore the implications of this shift.
We draw parallels between private wealth management and the evolution of luxury brands, highlighting the changes in exclusivity and personalized service. You’ll gain insights into how modern financial institutions bundle services to capture clients and how this affects the core idea of private wealth exclusivity.
Additionally, we introduce the Diamond Service Package, a unique offering by the McClelland Financial Group, designed to provide personalized and high-end financial management services for clients with substantial assets. Join us to explore how private wealth is redefined today, and what it means for the affluent seeking specialized attention.
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In this episode of Think Smart with TMFG, hosts Rob McClelland and Mike Connon discuss the exciting news that their team is relocating after 20 years at 7787 Yonge Street. They delve into the reasons behind their decision, from increased rent to space constraints for their growing team, currently consisting of 19 members. Rob and Mike share insights into their new location at 675 Cochrane Drive, highlighting its easy access, ample parking, and proximity to client bases.
The hosts also touch on the modern design of their new office, which features specialized Zoom rooms, multiple meeting rooms, and a state-of-the-art video room for content creation. These updates cater to the shifting dynamics of client meetings post-COVID, where many interactions now occur via Zoom. Rob and Mike emphasize their commitment to maintaining strong client relationships and preparing the firm for future generations.
Furthermore, the episode reveals plans to open the new office by January, complete with an invitation to a future cocktail party. Throughout, Rob and Mike's dedication to providing exceptional service and a seamless transition for their clients shines through, setting the stage for an exciting chapter in the McClelland Financial Group's journey.
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Episodes manquant?
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Join Rob McClelland and Mike Connon of Assante Capital Management on this episode of Think Smart with TMFG as they delve into the often underestimated journey of home renovations. Drawing from personal experiences, Rob and Mike explore the unforeseen challenges and expenses that come with upgrading your home, whether it's a simple bathroom update or a full-scale renovation.
Expect the unexpected as they share valuable lessons learned, from unexpected material costs to delays and permit issues, emphasizing the rule of thumb that projects may take twice as long and cost twice as much as anticipated. Through this engaging discussion, discover why these frustrations are often worthwhile, resulting in spaces tailored to your desires.
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Welcome to another episode of Think Smart with TMFG, where hosts Rob McClelland and Mike Connon delve into the unique dynamics of family-owned businesses. Discover how these enterprises make up 63% of private sector firms in Canada, driving nearly 50% of the nation's private sector GDP and offering employment to 7 million Canadians.
Explore the passionate commitment, long-term planning, and entrepreneurial spirit that sets family businesses apart from their corporate counterparts. From authentic personal relationships with customers to fostering employee satisfaction and loyalty, family-owned businesses boast a distinctive edge in today's market landscape.
Learn about the challenges they face, such as survival beyond the third generation, and uncover the strategies they employ to ensure success. Rob and Mike discuss notable long-lasting family businesses like L'Oréal and Walmart, highlighting their dedication to strong values, flexibility, and a commitment to quality and sustainability.
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Join Senior Financial Advisor Rob McClelland and Mike Connon of Assante Capital Management on this week's episode of "Think Smart with TMFG" as they delve into the pressing question: Is the U.S. market overvalued? Drawing insights from Ben Carlson's blog, "Wealth of Common Sense," they explore the intricacies of market valuations and the factors driving current stock prices.
The discussion examines the price-to-earnings ratios of large, mid, and small-cap U.S. companies, revealing insights into whether the market is experiencing a bubble. Rob and Mike also consider the role of earnings, inflation, and the impact of AI on stock valuations. They analyze the potential overvaluation of major companies like Tesla and Nvidia, pondering if their growth is sustainable.
Finally, the episode evaluates investment strategies amidst the current market landscape, highlighting the value in small and mid-sized companies and the importance of maintaining a balanced portfolio. Tune in to gain a deeper understanding of market dynamics and the opportunities that lie ahead.
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In this episode of "Think Smart with TMFG," hosts Rob McClelland and Mike Connon of Assante Capital Management delve into the enduring vitality of capitalism worldwide. Despite global challenges, capitalism is thriving, as demonstrated by Rob's recent travels to Vietnam, Thailand, and Singapore. He shares his firsthand observations of bustling economies, low crime rates, and the flourishing tourism sector.
Rob discusses the impact of the recent US election on markets and highlights the adaptability and resilience of businesses in the face of adversity. With a focus on the Southeast Asian experience, he contrasts the vibrant street food culture and affordable dining options with North America's expensive dining scene. He also explores the efficiency of public transportation and airline services in the region compared to North American standards.
The episode concludes with reflections on global governance, public sentiment towards governments, and the stringent penalties in place that contribute to low crime rates. Tune in for an insightful discussion on global capitalism's strength and the lessons it holds for everyday Canadians.
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Join hosts Rob McClelland and Mike Connon on "Think Smart with TMFG" as they delve into the world of investment premiums and how they can enhance your returns. Discover what equity, size, value, and profitability premiums are, and learn how these factors can work together to maximize your investment strategy.
In this episode, Rob and Mike break down the equity premium, explaining how investing in stocks can yield higher returns compared to risk-free assets like treasury bills. They also explore the size premium, shedding light on the potential benefits of investing in small-cap companies despite the associated risks.
The discussion continues with the value premium, emphasizing the long-term advantages of investing in undervalued stocks, and the profitability premium, which highlights the potential of companies with strong profit margins. The hosts also tackle the challenges of timing these premiums and the importance of evidence-based investing.
Tune in to gain valuable insights and strategies to optimize your portfolio and achieve better financial outcomes over time.
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In this episode of "Think Smart with TMFG," hosts Rob McClelland and Mike Connon delve into the notion that despite global challenges, there's a silver lining in the world today. Drawing inspiration from an insightful article by Ben Carlson, they explore the concept of happiness and wealth, highlighting the significant decline in extreme poverty worldwide.
Rob and Mike discuss how the media's portrayal of events can often seem more dire than reality, sharing personal anecdotes to illustrate their point. They delve into the statistics that show a marked decrease in extreme poverty from 1900 to 2024, demonstrating that progress is indeed being made.
The hosts also examine the intricate relationship between wealth and happiness, discussing studies that reveal happiness tends to increase with wealth only up to a certain point. They emphasize the importance of perspective and gratitude, especially for those fortunate enough to live in prosperous countries like Canada.
Tune in to discover how a positive outlook and the drive for improvement can help navigate the complexities of the modern world, and why it's essential to appreciate the progress being made globally.
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In this episode of "Think Smart with TMFG," hosts Rob McClelland and Mike Connon tackle the pervasive issue of financial fraud. With scams becoming increasingly sophisticated, they explore eight crucial strategies to help you safeguard your finances.
The discussion is inspired by an insightful article by Mark McGrath, published in the Globe and Mail. Rob and Mike delve into the importance of verifying credentials, recognizing too-good-to-be-true offers, and being wary of unsolicited investment pitches. They also emphasize the need to understand investments thoroughly and avoid pressure tactics that can lead to hasty decisions.
Listeners are encouraged to trust their instincts and stay informed about current scams. The hosts highlight the value of seeking advice from trusted financial advisors and obtaining second opinions to ensure sound financial decisions. Tune in to arm yourself with knowledge and protect your financial well-being.
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In this episode of "Think Smart with TMFG," hosts Rob McClelland and Mike Connon delve into the new mortgage rules introduced for first-time homebuyers in Canada. With the Liberal Party trailing in the polls, the hosts compare these changes to a strategic move in a hockey game, questioning whether they are beneficial or detrimental to new entrants in the Canadian housing market.
The discussion highlights the return of the 30-year mortgage option, allowing buyers to stretch payments over a longer period. While this could mean lower monthly payments, the hosts scrutinize the potential downsides, such as extended debt and increased lifetime interest payments. The episode also covers the increase in the minimum down payment for insured mortgages, reflecting the rise in housing prices.
Rob and Mike explore the implications of these changes, weighing the benefits for banks against the challenges faced by homebuyers. They propose potential solutions to improve housing affordability, such as increasing housing supply and adjusting immigration rates. Tune in to understand the complexities of Canada's housing market and the impact of these policy shifts.
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In this episode of "Think Smart with TMFG," hosts Rob McClelland and Mike Connon delve into the elusive concept of the "magic bullet" in investing. While many seek quick solutions in areas like weight loss or finding a partner, investing requires a more nuanced approach. Rob and Mike explore the key principles that successful investors share, highlighting the importance of starting early, diversifying, and maintaining a long-term perspective.
They discuss the crucial role of understanding what you're invested in, managing emotions, and the significance of rebalancing your portfolio. The episode also emphasizes the value of focusing on asset allocation and the necessity of continuous learning to stay informed in the ever-evolving financial landscape.
Join Rob and Mike as they uncover the simple yet effective strategies that serve as the true "magic bullets" to a successful investment journey, ensuring financial stability and growth over time. Whether you're a seasoned investor or just starting out, this episode offers valuable insights to enhance your financial planning efforts.
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Welcome to another episode of Think Smart with TMFG, your go-to podcast for news and insights relevant to everyday Canadians. Join Senior Financial Advisor Rob McClelland and Mike Connon of Assante Capital Management as they delve into the 20 crucial questions you need to consider if you're thinking about retirement.
In this episode, Rob and Mike guide you through a self-assessment to determine your retirement readiness. You'll score yourself on topics ranging from updating financial goals and creating detailed financial plans to ensuring you have adequate savings, debt reduction strategies, and proper insurance coverage.
Additionally, they discuss the importance of having a globally diversified portfolio, understanding your risk profile, and keeping tabs on investment fees. Estate planning essentials, such as having an updated will and power of attorney, are also covered.
Finally, Rob and Mike emphasize the significance of involving both partners in financial decisions and taking advantage of all available tax breaks. By the end of this episode, you'll have a clear understanding of where you stand and what steps you need to take to secure a comfortable retirement.
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Welcome to "Think Smart with TMFG," your go-to weekly podcast for what's newsworthy and relevant to everyday Canadians. Join Senior Financial Advisor Rob McClelland and Mike Connon of Assante Capital Management as they delve into the significant transformation in the world of finance.
In this episode, Rob and Mike discuss the collapse of the four traditional pillars of finance: banking, trust companies, investment companies, and insurance companies. They explore how these once-separate entities have merged, leading to potential conflicts of interest and impacting consumer protection.
Discover the implications of this convergence on corporate profits, client services, and the overall financial landscape in Canada. Rob and Mike share personal experiences and provide insights into navigating this new financial terrain, emphasizing the importance of independent financial advice.
Tune in to understand how these changes affect you and what steps you can take to ensure your financial well-being in a rapidly evolving industry.
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Welcome to another insightful episode of "Think Smart with TMFG," hosted by Senior Financial Advisor Rob McClelland and Mike Connon of Assante Capital Management. This week, Rob and Mike dive into their new portfolio asset mixes and market expectations, debunking the myths around passive investment strategies.
Discover how they utilize a detailed risk questionnaire to tailor portfolios to individual clients, and explore the seven different asset mixes they offer. Learn about the role of technology and AI in portfolio management, the importance of considering tax consequences, and the benefits of global portfolios.
Rob and Mike also discuss the impact of equity percentages on returns, the importance of investment policy statements, and their meticulous rebalancing strategies. They provide valuable insights into financial planning, including the use of Monte Carlo analysis for retirement scenarios and the significance of portfolio x-rays.
Tune in to gain a deeper understanding of how to optimize your investments and achieve the highest return for your risk profile. Don't miss this opportunity to think smart about your financial future!
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Welcome to another episode of "Think Smart with TMFG," your go-to podcast for newsworthy and relevant topics for everyday Canadians. Hosted by Senior Financial Advisor Rob McClelland and Mike Connon of Assante Capital Management, this week's episode dives into the vital topic of trip and cancellation insurance.
As we enter the fall travel season, Rob and Mike discuss the importance of having the right insurance coverage before embarking on your journey. From unexpected medical emergencies to the financial pitfalls of travel mishaps, they share real-life experiences and expert advice to ensure you're fully prepared.
Discover the differences between trip cancellation and medical insurance, the limitations of credit card coverage, and the benefits of annual travel insurance plans. Whether you're planning a short getaway or an extended vacation, this episode provides invaluable insights to protect your travel investment and peace of mind.
Don't miss out on this essential guide to safeguarding your travels. Tune in and travel safe with Think Smart and TMFG.
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Welcome to Think Smart with TMFG, your go-to podcast for newsworthy and relevant insights for everyday Canadians. Hosted by Senior Financial Advisor Rob McClelland and Mike Connon of Assante Capital Management, this episode dives deep into a topic many avoid—visiting a financial advisor.
Rob and Mike draw parallels between avoiding the dentist and the hesitancy to seek financial advice. They explore common reasons people resist consulting financial advisors, including fear of judgment, lack of financial knowledge, perceived costs, and procrastination. Through engaging anecdotes and professional insights, they emphasize the importance of overcoming these barriers for better financial health.
Tune in to understand why many Canadians hesitate to seek financial guidance and discover how a financial advisor can offer peace of mind, save time, and help secure your financial future.
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Welcome to another episode of Think Smart with TMFG, your go-to podcast for newsworthy and relevant financial insights for Canadians. Join your hosts, Senior Financial Advisor Rob McClelland and Mike Connon from Assante Capital Management, as they delve into the pressing question: "Does Value Matter Anymore?"
This week, Rob and Mike explore an insightful article by Richard Bernstein discussing the current state of value investing in today's market. Despite value investing's underperformance compared to growth investing over the past 20 years, they emphasize its long-term benefits and why it remains a cornerstone of their investment strategy.
Using relatable analogies like grocery shopping at Walmart vs. Longo's, they break down the concept of value investing and its historical outperformance. They also touch on the human tendency to follow trends and how this impacts market behavior, particularly with high-flying tech stocks like Google, Apple, and Nvidia.
Join Rob and Mike as they share personal stories and practical examples, from buying groceries and houses to choosing the right car, all to illustrate the enduring principles of value investing. Learn why patience and a focus on value can lead to sustainable long-term gains, even in a market enamored with growth.
Tune in to understand why value investing is not just a strategy but a mindset that could be crucial for your financial future.
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Welcome to another episode of "Think Smart with TMFG," your go-to podcast for newsworthy insights relevant to everyday Canadians. In this episode, Senior Financial Advisor Rob McClelland and Mike Connon of Assante Capital Management dive into a hot topic: Does the stock market really care about the upcoming election?
Rob and Mike address common concerns such as market volatility, inflation, and interest rates in the context of election results. They emphasize that while elections can cause short-term fluctuations, they do not necessitate drastic changes to your investment strategy. Drawing from historical evidence, they illustrate how markets have performed under various U.S. presidents, debunking the myth that a new administration will drastically alter your financial future.
They also highlight the limited power of the U.S. president compared to the Canadian prime minister and remind listeners that the fundamental need for goods and services remains constant, regardless of political changes. Rob and Mike conclude with practical advice.
Join Rob and Mike for a data-driven discussion that reassures you that staying the course is often the best strategy.
For more insights, visit tmfg.ca.
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Welcome to Think Smart with TMFG, your weekly podcast on what's newsworthy and relevant to everyday Canadians. Join Senior Financial Advisor Rob McClelland and Mike Connon of Assante Capital Management as they delve into the looming bear market.
In this episode, Rob and Mike draw intriguing parallels between real-life bear encounters and market downturns. Mike shares his experiences with black bears during canoe trips, highlighting the importance of preparation. This sets the stage for a deep dive into the recent market corrections and the factors triggering these changes, such as rising unemployment and Japan's interest rate adjustments.
The discussion explores historical bear markets, drawing lessons from past financial crises and speculating on potential future triggers. Rob and Mike also outline the strategies employed by the McClellan Financial Group to navigate and mitigate the impact of bear markets, ensuring clients' financial plans remain robust.
Tune in to learn how to stay prepared for market fluctuations and understand the broader economic forces at play.
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Welcome to another episode of Think Smart with TMFG, hosted by Senior Financial Advisor Rob McClelland and Mike Connon of Assante Capital Management. In this episode, we delve into the growing trend of young Canadians choosing to manage their own investments, bypassing traditional financial advisors.
We explore the factors driving this shift, such as the increased reliance on social media for financial advice and the impact of recent market conditions. We'll also discuss the potential pitfalls of DIY investing, including the challenge of distinguishing good advice from bad on platforms like YouTube, Instagram, and TikTok.
Rob and Mike highlight the importance of professional financial advice and the value it adds, from behavioral coaching to tax-smart planning. They also examine how robo-advisors are performing and why not all of them are created equal.
Tune in to understand the nuances of this trend and how it could affect your financial future. Don't forget to subscribe for more insights on achieving your best retirement ever!
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