Think Smart with TMFG

Episode 295: Bitcoin Boom or Bust: Is It Time to Invest?

In this episode of "Think Smart with TMFG," hosts Rob McClelland and Mike Connon delve into the heated debate surrounding Bitcoin's investment potential. As cryptocurrencies gain mainstream attention, they explore whether now is the opportune moment to invest, especially with Bitcoin's value surpassing $100,000 per coin.

Rob and Mike discuss the rise of cryptocurrencies, the sheer number of digital currencies created, and the issues of concentration and market manipulation. They also highlight the risks faced by small investors and the dominance of top holders in the Bitcoin market.

Listeners will hear fascinating insights into cryptocurrency's volatility, historical crashes, and the unique challenges of digital asset ownership. Tune in for an engaging discussion on the future of Bitcoin and its role in modern investment portfolios.

Episode 294: Is It Time to Replace Your Financial Advisor?

Join hosts Rob McClelland and Mike Connon on this week's episode of Think Smart as they explore the timely topic of knowing when to replace your financial advisor. Drawing parallels between outdated dental care and financial mismanagement, the duo shares insights and real-life stories illuminating the costs of staying with an advisor past their prime.

Many cling to long-term relationships with advisors despite signs of waning interest or performance, risking their financial well-being. This episode highlights crucial indicators that it might be time for a change, such as outdated tools, lack of proactive financial strategies, and inactive management of your portfolio. Rob and Mike emphasize the importance of modern technological integration and fresh perspectives in ensuring your financial health and success.

Learn the key strategies to assess your current advisor's effectiveness and discover the difference a forward-thinking, engaged advisor can make for your financial future. Tune in with Rob and Mike to understand when loyalty may no longer be an asset and how to make informed decisions to keep your finances on the right track!

Episode 293: Retirement Realities: Insights from Fidelity's Latest Report

Welcome to Think Smart with TMFG, your go-to podcast for insightful discussions about financial matters that impact everyday Canadians. In this episode, hosts Rob McClelland and Mike Connon delve into a recent Fidelity Report on Retirement, shedding light on Canadian optimism and challenges surrounding this crucial life stage. Join us as we explore why having a financial plan significantly boosts retirement confidence and the varied experiences across different provinces.

At the heart of the conversation is the discovery that despite economic uncertainties like rising interest rates and inflation, many Canadians maintain an optimistic outlook on retirement, especially those equipped with a financial plan. We'll discuss the essential priorities for pre-retirees and retirees, the role of financial advisors in offering peace of mind, and a look at the specific hurdles faced by Canadians delaying retirement.

As this episode marks the final recording from their Thornhill office studio, tune in to gain practical advice and a clearer perspective on the path to a secure and fulfilling retirement.

Episode 292: Why Optimism is Key: Navigating Market Downturns and Global Changes

Welcome to this week's episode of Think Smart with TMFG, hosted by Senior Financial Advisor Rob McClelland and Mike Connon from Assante Capital Management. This episode delves into the critical importance of optimism in the face of market fluctuations and global changes.

Rob and Mike begin by discussing a recent significant market sell-off, examining the importance of data verification, and maintaining a positive outlook despite negative headlines. They explore how this perspective applies across different areas, from financial advising to personal endeavors.

The hosts share insights on rising interest rates and inflation, and how understanding these elements can empower more informed financial decisions. Furthermore, they highlight the transformative impact of artificial intelligence on business efficiency, communication, and service delivery.

The discussion also covers societal changes, such as increased global awareness, diversity, inclusion, and the surge in youth activism. These elements are reshaping the world positively, fostering a sense of abundance rather than scarcity.

Through thought-provoking anecdotes and examples, Rob and Mike emphasize the empowering nature of optimism, encouraging listeners to adopt this mindset to enhance personal and professional well-being.

Join Rob and Mike in understanding how embracing change and leveraging innovation can pave the way for a more prosperous and connected future.

Episode 291: The Rise of the Magnificent Seven: Are They Becoming Too Big?

In this episode of Think Smart with TMFG, hosts Rob McClelland and Mike Connon delve into the increasing concentration of the stock market, focusing on the dominance of massive corporations known as the Magnificent Seven. Explore how companies like Apple, Nvidia, and Meta are not just leading in the US but also on a global scale, and what this means for investors and market dynamics.

The hosts compare market concentration across different countries, revealing interesting contrasts between tech-heavy industries in the US and traditional bank-led markets in Canada. The discussion extends globally, highlighting market trends in China, Germany, France, Saudi Arabia, and more, as these nations also exhibit varying levels of corporate concentration.

Discover the mechanisms by which these giants grow, often through acquisitions, and the resultant impact on market structure and investor strategies. The episode underscores the importance of diversification in investment portfolios and how sector-specific concentrations in different countries necessitate a broadened investment perspective.

Episode 290: Celebrating 20 Years with Dimensional Fund Advisors: A Game-Changing Partnership

Join hosts Rob McClelland and Mike Connon of Assante Capital Management as they mark the 20th anniversary of their partnership with Dimensional Fund Advisors. In this episode of Think Smart with TMFG, they reflect on the transformative journey that began two decades ago at a pivotal conference in Dallas, Texas.

Discover how their shift from active management and high-fee investment solutions to DFA's innovative, cost-effective approach has not only revolutionized their own investment strategies but also enhanced client outcomes. Explore the key values and strategies that have driven their success—tremendous diversification, value investing, and small-cap exposure.

Learn how embracing DFA's solutions has led to improved financial plans, lower fees, and better client returns, alongside a strong commitment to continuous innovation and adherence to best practices—all while maintaining independence and avoiding conflicts of interest.

Episode 289: Unveiling the Secrets of Private Wealth Management

Welcome to another episode of Think Smart with TMFG, where hosts Rob McClelland and Mike Connon of Assante Capital Management dive into the dynamics of private wealth management. This week, we dissect the transformation of private wealth offices into publicly traded company divisions and explore the implications of this shift.

We draw parallels between private wealth management and the evolution of luxury brands, highlighting the changes in exclusivity and personalized service. You’ll gain insights into how modern financial institutions bundle services to capture clients and how this affects the core idea of private wealth exclusivity.

Additionally, we introduce the Diamond Service Package, a unique offering by the McClelland Financial Group, designed to provide personalized and high-end financial management services for clients with substantial assets. Join us to explore how private wealth is redefined today, and what it means for the affluent seeking specialized attention.

Episode 288: A New Beginning: Why We're Moving to a New Office

In this episode of Think Smart with TMFG, hosts Rob McClelland and Mike Connon discuss the exciting news that their team is relocating after 20 years at 7787 Yonge Street. They delve into the reasons behind their decision, from increased rent to space constraints for their growing team, currently consisting of 19 members. Rob and Mike share insights into their new location at 675 Cochrane Drive, highlighting its easy access, ample parking, and proximity to client bases.

The hosts also touch on the modern design of their new office, which features specialized Zoom rooms, multiple meeting rooms, and a state-of-the-art video room for content creation. These updates cater to the shifting dynamics of client meetings post-COVID, where many interactions now occur via Zoom. Rob and Mike emphasize their commitment to maintaining strong client relationships and preparing the firm for future generations.

Furthermore, the episode reveals plans to open the new office by January, complete with an invitation to a future cocktail party. Throughout, Rob and Mike's dedication to providing exceptional service and a seamless transition for their clients shines through, setting the stage for an exciting chapter in the McClelland Financial Group's journey.

Episode 287: Renovation Realities: Uncovering Hidden Costs and Delays

Join Rob McClelland and Mike Connon of Assante Capital Management on this episode of Think Smart with TMFG as they delve into the often underestimated journey of home renovations. Drawing from personal experiences, Rob and Mike explore the unforeseen challenges and expenses that come with upgrading your home, whether it's a simple bathroom update or a full-scale renovation.

Expect the unexpected as they share valuable lessons learned, from unexpected material costs to delays and permit issues, emphasizing the rule of thumb that projects may take twice as long and cost twice as much as anticipated. Through this engaging discussion, discover why these frustrations are often worthwhile, resulting in spaces tailored to your desires.

Episode 286: The Hidden Strength of Family-Owned Businesses

Welcome to another episode of Think Smart with TMFG, where hosts Rob McClelland and Mike Connon delve into the unique dynamics of family-owned businesses. Discover how these enterprises make up 63% of private sector firms in Canada, driving nearly 50% of the nation's private sector GDP and offering employment to 7 million Canadians.

Explore the passionate commitment, long-term planning, and entrepreneurial spirit that sets family businesses apart from their corporate counterparts. From authentic personal relationships with customers to fostering employee satisfaction and loyalty, family-owned businesses boast a distinctive edge in today's market landscape.

Learn about the challenges they face, such as survival beyond the third generation, and uncover the strategies they employ to ensure success. Rob and Mike discuss notable long-lasting family businesses like L'Oréal and Walmart, highlighting their dedication to strong values, flexibility, and a commitment to quality and sustainability.