As Labour Day approaches, I would like to express my gratitude for your continued trust and partnership. In the coming weeks, I look forward to connecting with you to review your portfolios, discuss market conditions, and confirm that we are up to date on your specific investment needs.
Over the past two years, we have all faced a series of significant market challenges—geopolitical tensions, economic uncertainty, fluctuating interest rates, and inflation. I am proud of the way our team has navigated these turbulent conditions.
I would like to take a moment to thank my exceptional partners on the Simon Harry Wealth Management Group team who help support me with investment planning, communication, and navigating markets on behalf of our clients:
- Sylwia Przyslupski, with 20 years of experience, ensures our operations are seamless and efficient, supporting every aspect of our client interactions.
- Sean MacKay, who has recently joined us, brings fresh perspectives to enhance your experience with our firm.
- Alex Hutchison, our risk management specialist, skillfully manages our insurance strategies, ensuring comprehensive support for your financial planning.
I would also like to recognize the dedicated executives, administrators, planners, and peers at Wellington-Altus Private Wealth, whose support makes even the most challenging aspects of our work manageable. A special shout out to Dr. James Thorne, our Chief Market Strategist, whose guidance is invaluable in shaping our asset allocation decisions.
Looking Ahead
As we move forward, we recognize that the market has been strong, and we have achieved solid returns together. It is prudent to sell into strength, so we are rebalancing your accounts to increase allocations to dividend-paying equities and fixed income positions. We will accomplish this by strategically selling a portion of growth equity holdings to buy bonds and bond proxies.
We believe that this strategic rebalancing will strengthen your portfolios in the long term and ensure we are well-positioned for future opportunities to buy different assets at attractive prices.
Our team remains committed to monitoring markets while making every effort to optimize your investments to support you and your financial goals.
Being your trusted partner is a great honour. With your confidence and our team’s continued dedication, we look to achieve even greater successes in the future. As always, please feel free to reach out if you would like to discuss.
Happy Labour Day,
Simon Harry, CIM, CFP®, FCSI®
