Diversification is the spreading of risk within an asset class rather than among asset classes and is best explained through the simple mantra of: “I will never own enough of any one thing to be able to make a killing in it. And I will never own enough of any one thing to be killed by it”.
Solutions designed to meet your needs
At Copper Creek Wealth Management we strive to offer the best service in the industry. We believe in old fashioned service, going the extra mile and if something is wrong, making it right.
Our Approach
• We ensure all calls and emails are returned promptly.
• We ensure clients are contacted proactively for investment reviews.
• We liaise with our client's lawyers and tax professionals to reduce the fees they charge and simplify their lives.
• We assist with the probating of clients estates.
• We use our vast network of resources to assist clients in any way possible on non-financial matters.
We endeavor to be more than financial advisors, but to be trusted family advisors. We believe that to be an effective advisor we must be emotionally invested in the families we work with and to achieve this we strictly limit the number of families we work with.
Our Commitment
You will not be working with a team of 10 people or be "handed off" to an associate. You will work directly with Brendan who will gain a deep level of understanding about your situation and this understanding will drive the decision-making process in the years to come. We feel that our clients appreciate this level of service. Copper Creek Wealth Management has a 99% client retention rate.
Investment Philosophy
Appropriate investing behavior is the single most important contributor to the success of any investor over time. Especially the best ones. That is because “fear has a greater grasp on human action than does the impressive weight of historical evidence”. That means there is a never-ending emotional battle inside the mind of every investor. A battle between fear of the future and faith in the future. This is where our six fundamental principles to successful investing begin:
No single twenty-year period in history (with dividends reinvested) since 1926 has shown a negative return. Markets go down, certainly, but then they come back. The problem with most investors is they forget the latter and believe the former will be permanent. The embarrassingly simple truth of stock market is that if you do not panic, you will not sell. If you do not sell an adequately diversified portfolio, you do not lose. No one can time the market. You just have to stay in it.
Discipline is different than patience but equally important. While patience is a decision not to do something wrong, discipline is the decision to keep doing what’s right. So, what’s right? Being greedy when others are fearful. It’s not always easy to do, but it’s effectiveness can’t be denied. By accumulating when prices are falling, you will benefit greatly when markets rebound.
Overtime, certain components of your portfolio will do better than others. Investors who behave inappropriately see the strong performers and decide that they need to own more of them. The fatal flaw to this strategy is that nothing, no single asset class or security, goes up forever. Eventually, what performs well will do poorly and vice versa. The strategy of rebalancing eliminates emotion and bad behaviour by systematically taking profits on the winners, to invest in the losers, which in turn, become the winners of tomorrow.
The more an investor gives in to the fads or fears of the day – the more they chase what’s hot and abandon what’s not – then the more they lose sight of their long-term goals and the more their returns suffer. In fact, a study by Richard Thaler found that the more often people even looked at their portfolio, the lower their returns – because investors were more likely to make changes, and subsequently mistakes, as a result.
In addition to investor behaviour, asset allocation is the other most significant contributor to long-term success. Why? All successful investing is a battle between an investor’s need for certainty and their tolerance for ambiguity. The more certainty you need, the more you’ll allocate your portfolio towards bonds, and the lower your lifetime total return will be. The more ambiguity you can tolerate, the more you’ll trust your portfolio to stocks, and the more your lifetime return will be. This again demonstrates how successful investing isn’t intellectual, but emotional, and how important these six principles truly are.
These services are offered by third party specialists. 1,2,3
Purpose
- Have a qualified professional manage your investment portfolio.
- Strike a balance between risk and reward.
- Enjoy a flexible solution that stays true to your goals.
Main benefits
- Have a clear plan to achieve your goals.
- Be able to react to the unexpected.
- Achieve the maximum benefits of
diversification.
These services are offered by third party specialists. ₁
Purpose
- A document outlining your short- and long-term financial goals and the strategies you will use to reach them.
- The plan reflects your personal and family situation, your risk tolerance and future expectations, and includes effective tax strategies.
Main benefits
- Your finances will be in good hands.
- You will enjoy greater peace of mind.
- You will be able to prioritize your
projects and make informed decisions.
These services are offered by third party specialists. 1
Purpose
- Document how you want your assets to be distributed after your death.
- Prevent any misunderstandings among your heirs.
- Plan for any situation.
Main benefits
- You will be protected in case of incapacity.
- Your assets will be transferred without conflict.
- Your wishes will be respected.
- You will minimize the tax burden on your estate.
These services are offered by third party specialists.2
Purpose
- It is the development of financial strategies to reduce the impact of taxes on your investments.
- Proposing customized recommendations based on an analysis of your situation and your portfolio.
- It's about doing more with the same money by optimizing your portfolio.
Main benefits
- More money to invest or spend.
- More freedom to achieve your goals.
- Make tax-efficient investments.
These services are offered by third party specialists.2
Purpose
- These solutions will ensure your family's financial future should anything happen to you.
- They serve as a cushion to protect you from the unexpected.
- They will help keep your family's plans on track.
Main benefits
- Enjoy a safety net, even if you are not working.
- Transfer your assets and protect your legacy.
- Have
peace of mind so you can be at ease.
These services are offered by third party collaborators.3
As a National Bank Financial—Wealth Management client, you can take care of all your banking in one place:
- Everyday transactions
- Financing
- Specific
needs
Main benefits
- Savings on certain banking solutions.
- Healthcare and legal virtual assistance services.
- Competitive interest rates.
Do you want to give back to the community? Let our team guide you in designing a philanthropic plan.
- Setting up a foundation
- Distribution of donations
- Bequests in a will
- Financial Planners are authorized to act in the field of
Financial Planning. They exercise their duties for National Bank
Financial Inc., a financial planning firm.
- We
work closely with the Taxation, Retirement and Estate Planning Team
from National Bank Trust, made up of multidisciplinary experts who
provide knowledge and advice that complement our service offering.
These experts assist us in providing the best solutions for your
personal finances related to taxation, retirement and estate
planning.
- Insurance products and services are
provided by National Bank Insurance Firm (NBIF) or by NBF Financial
Services (NBFFS), as applicable. NBIF and NBFFS are not members of
Canadian Investor Protection Fund (CIPF). Insurance products are not
protected by CIPF.
- Financing solutions are
subject to credit approval by National bank.
- For details and conditions of the offer, please contact your advisor.
Personalized support
Our team is made up of highly qualified
investment professionals with many years of experience in wealth
management.
We leverage the expertise of all team members to ensure our clients get the best possible financial management advice.
