Author: Bloom Investment Counsel, Inc.

Corporate Governance is Crucial for Investment Managers

Written by Bloom Investment Counsel, Inc. on December 5, 2022. Posted in Investing. No Comments on Corporate Governance is Crucial for Investment Managers

Your investment manager has some overarching legal and ethical duties: to deal fairly, honestly and in good faith with you as their client, to use reasonable care to avoid misrepresentations and to always act in your best interests. But how can you be sure your investment manager is fulfilling these duties?

Your investment manager can best fulfil these duties and demonstrate them to you by putting in place a governance structure that is effective, flexible and visible to you.

An effective governance structure for investment managers, and ways in which you can stay informed and reassured about it, should include the following.

How to Budget for the New Year

Written by Bloom Investment Counsel, Inc. on December 5, 2022. Posted in Financial Literacy. No Comments on How to Budget for the New Year

The holiday season can mean that your wallet will take a hit with extra spending on traveling, gift-giving, dining in, and dining out. If you’re already looking to start budgeting for the new year – here are a few tips on how to get started.

Disadvantages of Robo-Advisors: They Don’t Hold Your Hand

Written by Bloom Investment Counsel, Inc. on November 28, 2022. Posted in Investing. No Comments on Disadvantages of Robo-Advisors: They Don’t Hold Your Hand

Robo-advisors were first introduced in 2010. It is predicted that robo-advisors will manage in excess of $US16 trillion by 2025. With such a large proportion of investments being directed mechanically, it is crucial to understand how robo-advisors work and what the disadvantages of robo-advisors may be.

How To Ease Your Transition into Retirement

Written by Bloom Investment Counsel, Inc. on November 28, 2022. Posted in Retirement. No Comments on How To Ease Your Transition into Retirement

Finally, your long-awaited retirement is approaching. But you feel stressed. Why is that? Perhaps you fear that no matter how much you’ve been looking forward to retiring, the feeling of being on “permanent vacation” will start to wear off. Or perhaps you fear that you will have more time but less money to spend.

Whether you’re already retired and are struggling with the life change or are planning to make the transition soon, this article provides tips on easing your transition into this new phase of life, and what you can do during retirement to find meaning and purpose outside of work.

How a Family Trust Can Preserve Wealth and Reduce Taxes in Canada

Written by Bloom Investment Counsel, Inc. on November 21, 2022. Posted in Estate Planning. No Comments on How a Family Trust Can Preserve Wealth and Reduce Taxes in Canada

Did you know that a family trust can be used to transfer wealth and preserve family assets as well as reduce taxes in Canada? The key is understanding how a family trust works and how it may fit into your estate plan.