Megan Lisowski - Sep 08, 2023
At anytime, if you would like to speak with us, please do not hesitate to reach us directly by phone 905-727-5040 or email Ridd.Associates@nbpcd.com. We would be happy to meet with you via Video Meeting or in person.
Welcome Victor Lu, CPA, CA, CFA, CFP®
We are delighted to announce that Victor Lu, Director, Wealth Planning will be joining the BMO Nesbitt Burns Advisory team of Ridd & Associates on September 5th, 2023. Following the mandatory licensing training period, Victor will move into the role of Investment Advisor joining John Ridd & Megan Lisowski.
Many of you have worked with and are big fans of Victor and his work. As a Director, Wealth Planning, Victor added tremendous value by delivering superior Wealth Plans. Victor effectively blends his personable approach with a keen eye for tax planning to provide clients with comprehensive planning experience and solutions that effectively resonates with their goals and objectives. He is a CFA charter holder, an accountant (CA, CPA) and a CFP.
Victor was born in Shanghai, China and grew up in the various suburban areas around Toronto. Victor is bilingual (Mandarin) and credits his parents for his tireless work ethic and his strong family values, both of which have carried into his professional career. Victor graduated with a Bachelor’s of Business Administration from York University, specializing in accounting. He began his career as a tax accountant at one of the “Big Four” multinational accounting firms, where he obtained his Chartered Accountant designation and completed the CPA in Depth tax course. Victor built his foundation working in the Private Company Services group, where he developed the technical ability as well as the professional experience in dealing with owner-shareholder clients from the small to medium enterprises sector. Victor then joined the Family Office of one of Canada’s most prominent families and provided financial services to the ultra-high net worth client base prior to joining BMO in 2016.
Victor has a great sense of humour and enjoys spending his free time playing basketball, daydreaming about his NBA aspirations, traveling and spending time with his wife Jen and young son, Lucas.
Please join us in welcoming Victor in his new role as Investment Advisor with BMO Nesbitt Burns and the Ridd & Associates team.
Market and Portfolio Update
August lived up to its reputation as the point in the year that we begin to see increased volatility in the markets (and in the weather too!). At one point we were up to approximately 60% in cash in August as markets began to pullback from their highs. We began to see a rebound higher again going into the end of the month which had us reinvesting but doing so with what we would consider rather defensive positions. We are still about 15-20% cash. Markets are looking tentative from here, again over concerns of the direction of inflation and rates. We are in what we would consider the Yellow Zone for our short-term Price Action trading charts READ MORE
Wealth Themes provides timely articles on a variety of wealth planning topics. This month we focus on the impact of emotional intelligence and behavioural finance on our investment decisions. We also include an article to assist in having healthy discussions about family wealth with your adult children and, with the new school year fast approaching, information on the increased RESP withdrawal limits. See here
We hope you enjoyed this month's newsletter.
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