Tyler Marche
MBA, CFP, FCSI
July 31, 2022
DREAM SEASON, DREAM TEAM
Summer is a special time. The warm weather brings people out of doors, and with a lowering level of concern about Covid, has made our clients feel more comfortable about meeting others face-to-face, including with us. And so we have been busy at work, meeting our clients in our office, in their homes or wherever they are most comfortable, including virtually. Everyone is different, and whatever works for you, works for us.
Summer is also special for its power to make us think more reflectively about our lives overall – to dream a bit – including the management of our wealth and legacy. Which makes this season the perfect time to remind you that at Marche Wealth Management, our clients enjoy an unparalleled depth and breadth of expertise across all wealth management disciplines.
We have Canada’s best technology to power us, and the top human expertise in the form of insurance and estate specialists, financial planners, lawyers and accountants, to name a few. When we create and manage your customized wealth management strategy, we engage these elite experts as appropriate, bringing the full gravity of our team to bear.
As a reminder, here are some key members of our dream team. Is it time for a consultation with one or more of them? Let us know.
Tracy McClure, CPA CA, CFP – Wealth Planning Consultant
Tracy is an Accountant and Certified Financial Planner who counsels high net worth families and entrepreneurs on wealth planning solutions as part of our integrated wealth planning team. Levering accounting and tax consulting expertise, she offers the unique ability to connect with our clients on a deeper level, helping to articulate their wealth aspirations at any stage. Fostering a consistent, value-add approach, Tracy takes the time to truly understand what drives our clients, creating innovative and tailored solutions for every family. Her full bio is here.
Alleen Sakarian, LL.B., TEP – Will and Estate Specialist
A lawyer who holds the highly advanced TEP (Trust and Estate Practitioner) designation, Alleen works with clients in reviewing their existing estate plan, which may include a review of their wills, and offers guidance, as required, to minimize tax and maximize administration efficiency. Alleen’s full bio is here.
Andrew Sipes, CLU, CFP® – Estate Planning Specialist
Andrew is an integral member of our team, helping to create, preserve and increase wealth by incorporating innovative and tax-efficient solutions within comprehensive financial plans. For Andrew, it’s always about people, not product. His full bio is here.
Karen Snowdon-Steacy, TEP – Senior Trust Advisor
Karen works with individuals, families and businesses to provide customized estate, trust and incapacity solutions. Whether it is helping someone to settle an estate, establishing a trust to ensure the successful transfer of family assets, or arranging to assist with the administration and responsibilities for a Power of Attorney, can help. also has expertise and experience in advising on philanthropic and charitable giving strategies for clients who wish to leave a lasting legacy. Click here for her full bio.
PERFORMANCE
For the past month, the stock market has been much less volatile and bonds have been more stable, a marked contrast to what we had been experiencing through the first half of the year. The markets have recovered some of their losses, but even so, the S&P 500, the index we consider to be the most accurate reflection of the markets as a whole, is still down 13% on the year.
But you’re not – if you’re a client. At time of writing, all of our client portfolios have recovered and are back at break even for the year. This is entirely due to our ongoing strategy.
A key pillar of our strategy is to always keep ourselves in position to take advantage of volatility in the market by buying high-quality companies we believe to be underpriced before they rise again. That is exactly what we did earlier this year, when we went shopping, as reported to you in the April edition of Marche Monthly. We are always vigilant, and will continue to shop prudently if volatility resurfaces this fall.
INFLATION: CAUTIOUS OPTIMISM
Inflation looks to have peaked for now, and is starting to trend lower. Still, it is very high, and consumers and businesses continue to struggle with higher prices: consumers’ purchasing power is curbed, and businesses are trying to maintain profit margins. Because of this, we still see risks in the next round of corporate quarterly earnings, due in October and November.
Another sign of optimism is that we expect a significant interest rate hike in September, but after that, we expect much less significant hikes, and then are looking at rate cuts later next year.
A transition from a period of accelerated inflation, to inflation that is still elevated but decelerating, is an improved environment for investors. However, we are still mindful that inflation could remain higher for longer than many expect, so we are continuing to be very cautious, laser-focused as always on preservation of capital, because we still believe there is a range of potential outcomes possible.
WARMEST WISHES
It’s been a great summer – and it’s not over yet. I hope you get the opportunity to enjoy more of the beautiful warm weather we’ve been having, to spend some time with family and friends, and to enjoy the things that matter most in life to you. See you in September.
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We don’t speak jargon. We’re all about uncomplicating your life, so we speak plain English. If there is someone you care about – someone who would appreciate this simple and straightforward approach – please feel free to share this message with them or put us in touch.
Want to discuss any aspect of this month’s blog, or any other issue on your mind? Have a story idea? I am always happy to receive your call or email.
Tyler Marche, MBA, CFP, FCSI
Your life, uncomplicated
1-416-974-4810