Summer 2015

What's all this talk about costs and fees in the financial industry?


For the past few years, there have been many articles written in the papers about cost structures in the financial industry; how fees work, what's required, and what is the standard.  


This simply means that there are ongoing changes in our business to better help clients understand the services they have available, and breaking down how they pay for these services. In fact, there is a move to help make things more transparent, which can be helpful for all parties. New requirements are appearing in both documents that we must provide to clients at meetings, and in some cases, as new standards on statements. The benefit is that there are more options being provided, and in some cases, it's allowing us to have enhanced access to product with a more flexible cost structure. Sometimes, this even means being able to claim costs on your taxes, which was more difficult to do in the past.  To provide a guideline on some new items to watch for on your statements:



What's happened so far? 


Effective July 15, 2013


It is mandatory to send regular quarterly statements to clients.

At Assante, we've always adhered to this standard at a minimum, so no change would be noted. 


Effective June 13, 2014


Fund Facts to be provided to client at Point of Sale. These 2-4 page documents are usually e-mailed, and have replaced the 50+ page prospectuses that we used to provide. A welcome change, I must say. 


What's Coming? 


Effective December 31, 2015 client statement to show: 


-Market Value of each security, which we've always included.

-Which items are covered under an investor protection fund

-Which securities are subject to a DSC (deferred sales charge) if sold.

-Adjusted cost base or original cost of each position.



 Effective July 15th, 2016


-Summary of all charges & compensation to adviser and the   firm will be shown on an annual report.  

-Market Values ( beginning & end)

-Annualized percentage returns on a money-weighted basis.


As we continue to initiate these changes, we look forward to helping you better understand your statements, and ensure that you have the best investment & service options for your current situation.




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Portfolio Construction:  Structural or Cyclical MarketTrends

The stock market trends downwards (bearish) in some cycles while upwards (bullish) in others. As a client and investor, what is more important to follow? The answer is both.

Portfolio managers follow cyclical patterns as investment styles move in and out of favor and perform analysis with the goal of understanding structural characteristics in the long term.

Concerned about market events in Greece and China?
Click here for an in-depth analysis


The Joy of Aging 2015 - What Your Mother Never Told You.  Special morning for women who have it all and want to keep it is booked for Sunday, November 1st. We are excited to announce Tracy Moore as the MC and Dr. Ahmed El-Sohemy as the keynote speaker this year.  Please save the date and invite all of your friends, mothers and daughters to attend.  We look forward to seeing you at this sell out event.  Sponsors should get in touch with my office now to ensure we can reserve your spot.


The answer may be in your genes!  




This year at the Joy of Aging, we explore:

  • How your genes impact your risk nutrition-related chronic diseases;
  • Learning how to improve your health through personalized nutrition;


Click here to read Dr. Ahmed El-Sohemy discuss how understanding your genes and how your body reacts to certain food types is essential to a healthy and active body.


Learn how to achieve a healthy body you always imagined by tweaking your diet at the Joy of Aging. Tickets available now as well as sponsorship opportunities



Wealth Matters 

As important as it is to stay on top of current market and economic information, it is equally critical that you are aware of the various wealth planning issues, risks and opportunities that you and your family could face now or in the future


This session will provide an insightful discussion on charitable giving options, led by Camille Jordaan, Regional Vice President, Wealth Planning, United Financial, a division of CI Private Counsel LP. Join Camille as she discusses various strategies clients can use to achieve their philanthropic goals while minimizing taxes during their lifetime and/or on death.


To login on August 5, visit at:

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Best Website or Articles


I am in the constant process of "decluttering" my basement. Between gathering family mementos and extra pieces after a renovation, or a child moving to and from university, we're supposed to be the "keeper of all things". I know I'm not alone, and that is why I am highlighting "" and their blog. They have great articles and ideas to help us downsize, de-clutter, and they specialize in helping get you to the point of actually moving, or enjoying your house again. I have also heard very positive feedback about their services from a number of clients that have used RedCoats. In the meantime, as you're trying to feel free this summer, take in their ideas to "declutter".

Travelling Soon?


Quick Reminder:  Travelling soon anyone?  If you need Travel Insurance, we now offer a quick and easy solution. Just go to this link on our website and sign up right away. Travel Insurance. Any questions, please give us a call to help.





Rotary Beerfest in Richmond Hill: Rotary raises money for many worthwhile charities, but also has some fun events, such as the Beerfest. You can sample many micro-breweries beers, enjoy great music, and relax with some food as well. Taking place on Friday, August 14th, at the Richmond Hill Centre for the Performing Arts.



REFERRALS: Thank you for your referrals. We really appreciate you passing along our name.  If you know somebody who needs a 2nd opinion on their portfolio, or who really needs to focus on planning for the future and setting some objectives, I can help.  Ensuring you have the retirement income you need and paying the least amount of tax along the way is how I enable you to meet your personal financial objectives.  



Quote of the Month:


Life is what happens to you while you're busy making other plans.  

John Lennon

Enjoy the summer!! 


Janine Purves, CFP, CPCA

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 me for individual financial advice based on your personal circumstances.  The opinions expressed are those of the author and not necessarily those of Assante Capital Management Ltd.

Insurance products and services are provided through Assante Estate and Insurance Services Inc. Assante Capital Management Ltd. is a member of the Canadian Investor Protection Fund and is registered with the Investment Industry Regulatory Organization of Canada.

Assante is an indirect, wholly-owned subsidiary of CI Financial Corp. ("CI").  The principal business of CI is the management, marketing, distribution and administration of mutual funds, segregated funds and other fee-earning investment products for Canadian investors through its wholly-owned subsidiary CI Investments Inc.   If you invest in CI products, CI will, through its ownership of subsidiaries, earn ongoing asset management fees in accordance with applicable prospectus or other offering documents.
Janine Purves  


Senior Financial Advisor

Assante Capital Management Ltd.


Ph (905) 707-5220

Fax (905) 707-1035


9130 Leslie Street,

Suite 302 

Richmond Hill,

ON L4B 0B9 


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