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TriDelta Insight
September 2016
Dear reader,

As we turn the corner on summer, we wanted to share some news on what has been happening at TriDelta in terms of new hires and recognition of top fund performance.

We also have included an article on retirement and real estate, some third party thinking on giving to charity, and our book and movie reviews.

Enjoy and be well,

TriDelta Financial

Tridelta Strengthens Our Team With Matthew Ardrey
TriDelta is pleased to announce that Matthew (Matt) Ardrey has joined the firm this Summer as Vice President, Wealth Advisor.

Matt brings with him over 15 years of experience dealing with high net worth clients’ financial planning, tax and investment management situations.

Matt majored in Finance and Economics at the University of Western Ontario and then went on
to further his financial education with his CIM and FMA designations. He has been a Certified Financial Planner (CFP) since 2001.

After a brief stint in the banking industry, Matt decided that he wanted to be able to provide his clients with independent financial advice. Matt joined a leading planning firm, rising through the ranks earning the position of Vice President.

A widely-sought expert in the media, Matt can distil complex financial topics concisely for his clients and reporters. He’s been quoted in several publications, including the Wall Street Journal, Globe and Mail, Financial Post, Toronto Star, MoneySense, and BusinessLink magazine. Matt also frequently provides his expert advice to the “Financial Facelift” series feature in the Globe and Mail’s Report on Business.

Matt remains an active member of the community through his volunteer work with The Rotary Club of Burlington. He has also just recently completed a volunteer trip to the Dominican Republic where he was part of a team that built a home for a family in need.

When not working or volunteering, Matt enjoys spending time with his three children, playing golf and travelling.

Please join us in welcoming Matt to TriDelta.

TriDelta’s first Fund is now a 5 star rated Fund at the Globe and Mail
The TriDelta High Income Balanced Fund has had a very strong year in 2016, with Donate
returns over 12% year to date, and annualized returns of 9% since the fund was launched December 1, 2013.

This month, we were gratified to see that others had noticed, as it is now a 5 star rated fund by the Globe and Mail.

Managed by Edward Jong and Cameron Winser, the fund has four core components:
*A bond portfolio
*A stock portfolio – with some downside protection.
*An ability to borrow money within the fund at 1.40%.
*An ability to use these low cost borrowed funds to invest in bonds and other debt yielding as much as 10%.

The end result is a fund that yields much more than most bonds, has much lower volatility than the stock market and still has the ability to participate in some stock market growth.  For TriDelta clients, the fund has 0% management fee, with TriDelta fees charged outside of the fund.  This allows for tax deductibility of the fee, if appropriate, and allows us to charge our same fee regardless of whether assets are invested in the fund or other investments.  We believe that this fee ‘neutrality’ is important in that any investment recommendation is based on its ability to best meet the objectives of the client – and no other criteria.

If you are interested in learning more about the fund, please contact me.

If your house is key to your retirement plan – is now the time to sell?
If you’re a homeowner thinking about leaving work in the next few years, it may be time to cash in your lottery ticket (also known as your house) and trade it in for a comfortable retirement.

Across the country, but specifically in Vancouver and Toronto, the growth in house values has reached the point where,
for many retiree homeowners, their house is by far their largest asset. It is not uncommon to see 75 per cent of someone’s net worth tied up in their home.
Continue reading...
Giving With Heart And Mind
It seems as though every time we pick up a newspaper, someone is giving away a fantastic amount of money to a good cause.  Smiling faces in full page ads announcing the multi-million dollar donation look up at you and you wonder, “Why should I bother donating at all?  Donate
These folks have it covered.  How can I make a difference when I don’t have hundreds of millions tucked away for just such a gift?”

Let’s face it.  These are the exceptions and the occasions make great news.  The ultra-ultra-rich have been bestowing their largess to North American communities from the 19th century’s era of the Carnegies, Rockefellers or for more Canadian references, the Masseys, Bronfmans or McConnells.  Makes great reading, but how does this relate to you?

Today most of us give to charity, but how many of us actually plan our gifts?  Do we think about donating strategically rather than just sending out cheques at year-end to those charities which have the loudest voice, the most compelling direct mail campaign or the friend you just can’t refuse?  Or are some of us just overwhelmed by the hardships we read about with increasing environmental disasters and international issues which seem to eclipse the causes here in Canada?

Sometimes we just sit there not sure what is the right thing to do or are afraid of making a mistake.  The good news is that there is still time to shake up your methodology for your gifts.  Remember, this is your hard-earned money.  You and/or your family worked for it through good business sense.  Now is the time to apply those same principles to your charitable giving and possibly your volunteer time. 

Find a cause that speaks to you.  Look to see which charities are working within that sector.  If it is a registered Canadian charity with Canada Revenue Agency (CRA), you can have a degree of confidence that it is legitimate.  To check out an organization, go to the CRA website, Charities Directorate.  Then click on Charities and giving and then choose Charities Listings.  All the over 86,000 charities that are registered with CRA are there.

Don’t be afraid to pick up the phone and call your potential beneficiary to find out more information and ask for the audited financial statements.  If you still think it is worthy, call back to either book an appointment to visit with the Executive Director or the person in charge of fundraising.  A site visit is an effective way to learn more about the organization.

Here’s one more tip:  it is more than acceptable to support the overhead of a charity.  Too much has been written about wastefulness by charities and bloated staff salaries.  Corporations can learn a lesson or two on how to run an operation with very little resources from local charities.  If someone doesn’t help them turn on the lights and pay the rent, how are they supposed to be able to run those vital projects that attract donors?

So while you are there, inquire as to what is the greatest need for that organization and how can you best help.  You may just find out that you want to roll up your sleeves and get involved, besides mailing in your annual donation.  Now you are making an impact investment that will not only help the charity but also give you a wonderful feeling of self-worth.  No matter what size of the gift, you will be directly assisting a cause near to your heart.  You might not be in the papers but I can guaranty that you will be smiling.

Written for TriDelta by Sue Bochner of Sue Bochner + Associates.
Ph: 905-659-0555

Ted's Movie Review
Florence Foster Jenkins

When one says “it is a Meryl Streep movie” it raises the bar and expectations.  When one says “it is a Hugh Grant movie”, the bar can be set reasonably low.

In the film Florence Foster Jenkins, it is fair to say that Hugh Grant upped his game to his co-star in this largely true tale of a 1940’s New York socialite.

Florence Foster Jenkins is a quirky film because it is a quirky story.  The lead role of Jenkins is played by Streep, who dreams of becoming an opera singer.  Fortunately for her, she has more than ample funds to try to make up for the clear lack of talent.

In her head she is a fantastic singer, but to all others she is not.  Her husband St. Clair (played by Hugh Grant) is an interesting character study.  An actor of questionable talent, (St. Clair, I mean), dotes heavily on his wife and goes beyond to make her dreams come true while shielding her from the potential ridicule of an unprepared audience.  When Jenkins rents out Carnegie Hall for her biggest performance yet, St. Clair is pushed to the limit to protect her. 

Directed by Stephen Frears (My Beautiful Laundrette, Dangerous Liaisons, The Queen), the film hits a lot of high notes (even if Jenkins sings them a little off key).  Among the highlights is Simon Helberg, best known for his role as Howard Wolowitz in The Big Bank Theory.  He plays a young pianist who has been hired to accompany Jenkins.  On one hand, he is thrilled to be paid so well for his work, on the other, he fears being on stage with Jenkins will mark the end of his career.  Helberg spends much of the film barely containing his laughter, but doing it in a very nice way.

Aside from being a funny film, Florence Foster Jenkins brings some depth to relationships and personalities that may not fit the greeting card definition of happy, but nevertheless seem to truly have found it.  Streep is excellent, as per usual, as someone who truly can sing well, playing a woman who really can’t.

If you are trying to find an entertaining film with no computer generated graphics, super heroes, or explosions, then Florence Foster Jenkins may just be right for you.

By Ted Rechtshaffen , President and CEO.
Claire's Book Review
To Be Loved
by Berry Gordy

In the 60’s and 70’s the Motown record label put our U.S. neighbours, Detroit, on the worldwide map for something other than just automobiles. From a small shack like studio in a poor part of the city out came chart-topping hits propelling the artists that sung them to international fame.  While it took great writers, producers, musicians and singers to produce those wonderful sounds none of that would have occurred if it wasn’t for the vision and determination of one person, Berry Gordy.


‘To be loved’ is Berry Gordy’s own story about the birth of Motown right through to its present day.  While the main theme of the book is undeniably about music, it contains far more interesting life lessons on how to follow ones vision into creating someone very unique and very successful.

As we have seen from people like Bill Gates and Steve Jobs success does not just come from luck it comes from a willingness to take risks, to learn from mistakes, to follow instincts and to surround yourself with those that you trust and share your dreams, and that is what Berry Gordy did.  At the height of his company’s success Motown had five records in the Billboard top ten, three of which were number one, two and three,  Motown songs were being recorded by everyone from Frank Sinatra to the Beatles and they had two of the biggest money making movies.  Music people were coming from all over the world to see what was happening at Motown.

The book also details his infatuation with one of his labels leading artists, Diana Ross, and how,  at times, caused him to take his eyes off the road – but what story wouldn’t be complete without a little love interest.

In a nutshell the book starts close to what some might consider to be the end of Motown when in the mid eighties Gordy has to ponder how to right the company’s financial wows.  After fending off previous takeover attempts he has to now face the reality that to survive he has to seriously consider selling to a major entertainment conglomerate.  This causes him to reflect back on how this incredible music story started.  From simple beginnings he details how the strong influence of his principled parents kept him and his siblings on the straight and narrow even when surrounded by abject poverty and crime.  From an early age Berry loved and was fascinated by music and became a skilled self-taught pianist.

With hopes that he might make a living from it he would write many songs and eventually got his big break when an up and coming artist called Jackie Wilson recorded one of his songs and it went to number one.  Berry then moved into managing and producing with Smokey Robinson and the Miracles as his first group gaining them local fame and his path was now set.

Berry details how he used the ‘assembly line’ principles from his brief stint working at the Ford Motor Company to role out hit after hit.  Apart from being organized he had an eye for talent and astutely knew what had to be done to get white record buyers to accept and buy black music, which included depicting white young people on the covers of some album covers.  He also knew that for Motown to be truly successful across all media it needed to be something more than just a sound, but also a show.  So he made sure all his acts were dressed to the nines like the Supremes or had fancy coordinated moves like the Temptations and all that worked to  mesmerize the audiences, black and white.

I had already seen the wonderful musical Motown,  which prompted me to read the book.  After finishing the book I looked at some old You tube clips of the extensive stable of Motown artists such as Michael Jackson, The Four Tops, Marvin Gaye, Mary Wells, Martha Reeves and Stevie Wonder,  a great trip down memory lane of some wonderful artists, all because of one man, Berry Gordy.

By Claire Corrie , Director, Client Service.
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146 Lakeshore Rd. East, Suite 200
Oakville, Ontario L6J 1H4