Meet A few of Canada’s High Wealth Advisors

alexandra horwood

Director, Wealth Administration, Portfolio Supervisor and Funding Advisor, Richardson Wealth, Toronto

Ebti Nabagh/The Globe and Mail

Horwood labored to turn out to be a guide in his household’s wealth administration enterprise earlier than attacking himself. “I really like the vitality of enterprise – it is entrepreneurship,” stated the 34-year-old, who studied enterprise and legislation on the College of Waterloo. Early in his profession, Horwood started attending an annual mining convention, and now half of his purchasers are mining executives. “The purpose is for purchasers to take part within the uptrend of the market, but additionally to be nicely protected against market danger,” she says. For her portfolio, she makes use of actively managed funds with a powerful observe report like Turtle Creek Fairness Fund and Canso Company Worth. That technique lets her deal with tax and property planning. Earlier than going public, its purchasers additionally owned shares in personal corporations, akin to Pinterest and DraftKings. “I at all times co-invest with my purchasers,” Horwood says. “We do not even suppose it is attainable to time the market.”

elizabeth peticrue

Managing Director, Senior Vice President and Senior Portfolio Supervisor BMO Nesbit Burns, Vancouver

Petticru labored as a geophysicist analyzing knowledge to determine the place to place an offshore oil rig earlier than changing into an funding advisor. She says it is extra satisfying to marry analytical expertise with assembly purchasers than with the only job of writing reviews. “I am a really social particular person.” When managing a consumer portfolio, the 58-year-old and his staff choose all shares and bonds. She is bullish on US equities and owns corporations akin to Microsoft, Apple and Goldman Sachs. “My mantra beginning in 2020 was, ‘Welcome to the second half of what I believe would be the longest bull market in US historical past.'” Given immediately’s low rates of interest, the dividend for pettycrown bonds- Prefers paid progress shares. Traders ought to deal with high-quality corporations which have good administration, services, and a moat to insulate them towards the competitors. “Cease listening to the noise and do not attempt to time the market. I’ve by no means seen it work.”

Magellan Naidu

Vice President, Senior Funding Advisor, Canaccord Genuity Wealth Administration, Edmonton

Ray Watkins / The Globe and Mail

Magellan Naidu immigrated from South Africa to Canada on the age of 16 after he and his brother had been expelled from faculty for opposing apartheid. His household settled in Saskatoon, the place he later earned an economics diploma, however struggled to discover a monetary companies job. “I attempted for years to get into this subject, however didn’t get a break,” remembers Naidu, 56. He then moved to Edmonton for a job at a financial institution, the place he finally grew to become an funding advisor, and was impressed to maneuver on. Canaccord due to its entrepreneurial tradition. As a result of some purchasers turn out to be very irritable when shares crash, he isn’t at all times a fan of buy-and-hold investments. “Defending buyers in a down market is our focus,” he says. “We’ll trim, take earnings, sit on the sidelines and purchase again later.” He additionally invests in liquid different funds akin to CI Munro Different International Progress, which is able to elevate money and use hedging methods. In recent times, Naidu has centered on shares of disruptive progress corporations and in addition purchased shares in personal companies akin to DraftKings earlier than going public. He now recommends publicity to local weather change shares. “Below the Biden administration, clear vitality will probably be a giant focus,” he says.

Mellie Wong

Government Vice President, Senior Funding Advisor, Senior Portfolio Supervisor Wellington-Altus Personal Wealth, Vancouver

Earlier than returning to his hometown to turn out to be an funding advisor in 2006, Wong spent 5 years on Wall Road, together with serving to handle a boutique hedge fund. Again in Vancouver, he collaborated along with his father, a veteran within the enterprise, to construct his wealth administration observe. “I nonetheless handle cash as a portfolio supervisor, however now it is for high-net-worth people and households,” says Wong, 42. “It is extra rewarding and efficacious.” Wong focuses on defending purchasers’ capital, but additionally accepts market volatility. Valuations and early coronavirus considerations earlier than the market crash in March 2020 prompted them to cut back fairness publicity in consumer portfolios. It supplied money to purchase shares like Alphabet, Amazon and Disney at discount costs. Traders ought to count on fairness markets to say no by at the least 10% annually, Wong says. As an alternative of fearing a fall, “we see this as a possibility to purchase a top quality property on sale.”

Jay Smith

First Vice President, Senior Portfolio Supervisor CIBC Personal Wealth, Wooden Gundy, Toronto

Jay Smith’s path to changing into a guide was unconventional. After doing a PhD in philosophy and pedagogy for 5 years, he sought change. Smith, a 31-year veteran with CIBC who acquired the brokerage arm of Merrill Lynch Canada—then his employer—in 1990, recalled, “I liked the markets earlier than I acquired into the enterprise, and traded shares. ” He says his funding technique is “opportunistic”: he seems to be for inefficient value progress and worth shares. His purpose is to “personal nice corporations with earnings progress, and people inventory costs and dividends down the highway.” For instance, CIBC shares fell to $75 within the March 2020 market crash, however that value was “ridiculous,” he says. “Different financial institution shares additionally declined, however all of them got here again.” In line with Smith, buyers ought to take a long-term view. “The worst factor you are able to do is promote in a foul market as a result of it is going to come again. It at all times does.”

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