OTTAWA, Sept. 16 /CNW Telbec/ - An investment strategy that is the next
major advance in portfolio management and that is rapidly gaining acceptance
across the United States and Europe will be available to affluent Ottawa
investors beginning this week.
Not yet launched elsewhere in Canada, Ottawa's investing community will
have an opportunity to hear about - and take advantage of - the 'core and
satellite' portfolio strategy through Tacita Capital, a family office and
investment counseling firm, and Ottawa based, Pure Advice, part of Integral
Tacita Capital's principals, Michael Nairne and Joanne Swystun, will be
in Ottawa on Sept. 17 and 18, meeting with potential investors.
Core and satellite investing is considered by many financial experts to
be the next evolution of wealth management. The approach is founded on
independent and professional advice focused on eliminating unnecessary fees
and taxes while delivering increased diversification in order to better manage
risk. The investment strategy is one which is currently utilized not only by
progressive advisors and investors throughout the U.S. and Europe but also by
top institutional investors including CalPERS and the CPP Investment Board.
"Affluent Canadian investors in general are overpaying for the management
of their portfolios, compared with U.S. investors. They are also paying
needless taxes on portfolio returns," said Randy McIntyre, Pure Advice's
senior financial advisor. "Tacita Capital, in collaboration with Pure Advice
and Integral Wealth Securities, is bringing leading edge portfolio and wealth
management services to Canada based on the best practices of pensions and
endowment funds world-wide."
Hailed by some financial experts as "the next big thing" in portfolio
management, the core and satellite portfolio offers a tax and cost effective
structure that provides exposure to the full opportunity set of asset classes
and investment strategies available today while maintaining the ability to
customize the strategy to the needs of individual investors. "The magnitude of
the funding challenge for aging baby boomers on the cusp of retirement is
troubling," said Michael Nairne. "With future real returns likely to be
modest, there is no room for unnecessary taxes or fees and expenses that will
further erode wealth accumulation."
Tacita Capital Principal - Michael Nairne, CFA, RFP, CFP, CMC
Prior to co-founding Tacita Capital, Michael was the Chief Operating
Officer of Loring Ward Inc., a family office located in New York and Los
Angeles. Michael was also a Co-founder and Vice Chairman of Assante
Corporation. During his tenure, Assante grew from $1 billion to over
$20 billion in assets under administration. Michael has written and spoken
extensively on wealth management matters including co-authoring a best seller
on fund management and has served as Chief Investment Strategist for a
multi-billion dollar U.S. asset management company.
Tacita Capital Principal - Joanne Swystun, BA, LLB
Prior to co-founding Tacita Capital, Joanne was a partner and tax lawyer
with Stikemen Elliot LLP and, previously Goodman and Carr. She was a lecturer
for the Masters in Tax Law program at Osgoode Hall Law School, a guest
lecturer at Queen's University Law School, and a regular instructor at the
annual Tax Law for Lawyers program offered by the Canadian Bar Association.
Prior to leaving private practice, Joanne was regularly listed in Lexpert's
annual Guide to the Leading 500 Lawyers in Canada.
Pure Advice/Integral Wealth Securities Senior Financial Advisor -
Randy McIntyre, BA (Comm), CFP
Randy McIntyre is the founder of Pure Advice, a full service financial
planning firm based in Ottawa. He is a Certified Financial Planner, a graduate
of the Royal Military College, and has worked in the financial industry for
over 14 years. Basic to his philosophy of financial planning is the ability to
operate independently from any product manufacturer. That is why he chose to
partner Pure Advice with Integral Wealth Securities Limited, one of Canada's
few remaining truly independent investment dealers.
Michael Nairne and Joanne Swystun will be in Ottawa on September 17 and
18, 2008. They are available for media interviews during that time.
For further information:
For further information: To arrange an interview: Joan Weinman, The
Melbourne Group, (613) 294-5679