Newport Private Wealth
469 King Street West, 4th Floor M5V 1K4 Toronto, ON, Canada

In this First Quarter Investment Update, Newport Private Wealth’s Chief Investment Officer Mark Kinney reviews our performance, the portfolio changes we implemented and how our strategy and patience have been rewarded thus far. Listen as Mark highlights some the new investments we made in the quarter and the opportunities we think will add value in 2021. #investments #investmentmanagement http://ow.ly/xGhV50EBHnR

An inheritance can bring with it a whirlwind of emotions, new opportunities, and a deep sense of responsibility to protect and manage the money of those who entrusted it to you. In the first of this two-part series, we look at the tax, legal and financial implications of inheriting wealth, and the practical considerations you should plan for. #inheritance #wealth #wealthmanagement http://ow.ly/NFHS50EvBBy

Following the crowd is never a path to long-term investment success, even when the refrain of this time it’s different get louder and you begin to believe the old rules don’t apply. Before you jump in for fear of missing out on the latest stock market gains, take pause and take in this clever credo, shared with us from EdgePoint Wealth Management. It’s a perspective worth reading now. http://ow.ly/pQws50El2ha... #investment #stockmarket #FOMO

We’re pleased to introduce Elizabeth Pizzinato, the new Chief Marketing Officer for Newport Private Wealth, as she takes over from our retiring CMO Kelly Willis. Elizabeth has been a consultant with Newport for several years and shares our love for the brand. Her strong marketing expertise and client-centric perspective are great assets to the team. Welcome Elizabeth! http://ow.ly/NUU250EkSsG

We’re delighted to introduce our new Associate, Derek Whiston. Derek was attracted to Newport Private Wealth’s holistic view of clients and wealth. His relationship-building and analytical skills will be an asset to the company. Welcome to the team! http://ow.ly/gu2150EkRFf

#Cybersecurity, market volatility and political uncertainty top the list of concerns for global family offices in 2021, according to a survey by THE NORTHERN TRUST http://ow.ly/w8vJ50DhpWp

Newport Private Wealth is seeking an energetic and team-oriented Associate Portfolio Manager to join its growing wealth management team. If you or someone you know would be interested in this opportunity, learn more and apply here: http://ow.ly/TKq850D3EOk

As we say ‘goodbye’ to an unforgettable 2020 that will be remembered for its widespread disruptions and pandemic-related changes to our world, we wish you and yours a wonderful New Year with the prospect of better times to come in the months ahead.

In a year of adjusted traditions and yuletide #socialdistancing, all of us here at Newport Private Wealth wish you and your loved ones a happy and safe #holiday season. http://ow.ly/bmnj50COChj

This has been a year of difficult challenges and emerging opportunities. The Newport Private Wealth team shares their key takeaways of 2020from lessons learned and new investment perspectives to their reasons for optimismin our final blog of the year. http://ow.ly/nlOU50CTYmY

Throughout her career, Newport Private Wealth’s Kelowna-based PM Shauna George has nimbly adapted to shifting market conditions and client needs. In a new interview with Investment Executive she explains how a steady approach to portfolio management delivers benefits to advisors and clients alike. http://ow.ly/nR9i50BKQzr

Canada Revenue Agency is holding the prescribed interest rate for family loans at 1% for the fourth quarter of 2020. As we noted in an earlier blog, the low rate creates important tax-planning opportunities. http://ow.ly/cY4k50BHa2e

We’d like to introduce our new Portfolio Manager Ian MacLean. His passion: helping clients achieve their investment goals and financial peace of mind. Ian’s expertise will be an asset to Newport Private Wealth. Welcome to the team! http://ow.ly/qgOP50Bn2vq

We’re pleased to welcome Pam Brenman to the Newport Private Wealth team. As our new Chief Compliance Officer, Pam brings diverse experience and insights from a long career working in the financial services sector. http://ow.ly/55X350Bn2pK

With a very unique #backtoschool and cooler temperatures just around the corner, all of us here at Newport Private Wealth wish you a happy and safe #LabourDay long weekend as the summer draws to a close. It’s been a challenging year on many levels, but also one full of inspiration and hope. Enjoy this time with your friends and family!

Ontario Government is considering significant estate law changes. Everything from enshrining virtual document signing (introduced during #COVID19) to raising the dollar value of smaller estates is reportedly on the table. http://ow.ly/6n6250BigVT

#COVID19 has given wealthy Canadians many reasons to reflectespecially when it comes to estate planning. Our new blog explains why this is the ideal time to ‘stress test’ your estate plan to ensure it reflects your wishes and wealth preservation goals, while setting your family up for success. http://ow.ly/mS5050Bh1Mg

In this installment on #retirementplanning, what is often overlooked is how managing sequence of return risk can help you enjoy a happy #retirement with less worry. Our latest blog illustrates how sequencing works: http://ow.ly/wFvr50B4N4J

CPP Investment Board’s performance underscores the benefits of a long-term, ‘steady Eddie’ approach that mitigates severe market risk. Resilience is priceless, as we showed [during the market decline]: CPPIB spokesperson Michel Leduc. http://ow.ly/R02k50B1TOS

A new Canada Revenue Agency data breach affecting thousands of Canadians has forced the shutdown of the agency’s online servicesincluding My Account and My Business Accountand halted new #COVID19 benefit applications. This latest cybersecurity incident is a reminder to be vigilant while doing business or using services online, and to avoid using the same password for multiple accounts/websites. http://ow.ly/WjLf50B1pgX

The latest installment in our retirement planning series looks at the most tax-effective ways to withdraw funds from your portfolio. The right strategy depends on your personal circumstancesand a wide range of factors worth taking time to consider. http://ow.ly/F2Ln50ASDcO

Earlier this week, an article published in Canadian Tax Focus was co-written by our Director of Wealth Management Vincent Didkovsky with Michael Goldberg. They discuss appropriate strategies to reset the interest rate on the existing loans to 1%. #prescribedrateloans #taxplanning #incomesplitting You can read the full article here: http://ow.ly/H2oO50AMIKU

One of the biggest challenges of retirement is making the transition from employment income to living off of investments and savings. Our latest blog has strategies to turn your portfolio into a (very reliable and lucrative) paycheque. http://ow.ly/SywL50AMpgL

Canada Revenue Agency has extended the tax payment deadline (incl. installments) from Sept. 1 to Sept. 30, 2020, for individuals, corporations and trusts. CRA will not charge penalties and interest if taxes are paid by that date. http://ow.ly/HAVn50AKtS1

#Remotework has become the norm in the #COVID19 eraand now hundreds of thousands of Canadians may be due for a home-office tax break. Who qualifies could depend on employers filing (a lot) of extra paperwork. http://ow.ly/yChB50AJzzb

Two insurers have added #COVID19 coverage to their out-of-country medical plans, offering wealthy Canadians greater peace of mind to travel and enjoy their vacation homes in the U.S. or abroad. http://ow.ly/w6rP50AHevf

Our new retirement planning series looks at financial and lifestyle strategies to ease the transition. In the first article, we offer a roadmap for finding new purpose (and joy) in your golden years. http://ow.ly/zv8650AEhU6

Good news all around as Ontario Government announces that most of the province will transition to ‘Stage 3’ of its #COVID19 reopening this week, while Ottawa aids employers by extending the Canada Emergency Wage Subsidy until December. http://ow.ly/k2J450AxjmJ

As of yesterday, the prescribed interest rate has fallen to a historical low of 1%. Our latest blog explains the potential #incomesplitting benefits for #HNW Canadians. http://ow.ly/xD3C50Ao2xv

Although this year’s celebrations will be different than mostand could even be virtual in some caseswe are reminded and grateful that we get to live in one of the greatest countries in the world. From all of us at Newport, we wish you and your loved ones a safe and happy #CanadaDay.

The decision to exit a defined-benefit pension plan can be life-changing for wealthy retirees. Our Michael Vanderburgh weighs the pros and cons in a new The Globe and Mail article. http://ow.ly/te9H50Aj6eT

#ICYMI: The prescribed interest rate will fall to 1% on July 1 one week from today. #incomesplitting #taxsavings

As lockdown restrictions are slowly eased, we can enjoy this #FathersDay with a visit or a backyard barbecue as we celebrate the men who matter most to us. Our latest blog shares financial (and life) lessons our team learned from their dads. http://ow.ly/sAMH50AbqlA

We’re pleased to welcome to the @newportwealth team: new associate Mitali Marwaha and summer interns Josh Silver (back for a second year) and Rebecca Vanular. We look forward to Mitali, Rebecca and Josh’s contributionsand to helping them grow their careers in wealth management.