Crossgrove Blog

Chief Investment Advisor: sidestep the U.S. Banking Mess

'One minute you’re enjoying a beautiful sunny day, skiing with your family in Quebec. The next … a bank you’ve recommended to thousands of paying members has an unprecedented run on deposits and evaporates before your very eyes.'

TFSA vs RRSP: How to decide between the two

An RRSP is a personal savings plan registered with the Canadian federal government that allows you to save for the future on a tax-sheltered basis. What makes it special is that your contributions are tax deductible.

Contributions to a TFSA, unlike an RRSP, are not tax-deductible, however returns (interest, dividends, or capital gains) within a TFSA are not taxed, even when withdrawn.

Talk to one of our licensed advisors to see what you can be doing to fully realize the benefits of saving vehicles.

How financial and estate planning can reduce money stress

Crossgrove and Company offers much more than product placement, we offer comprehensive Estate Planning services. Our experienced financial planning professionals will help you identify risks or conflicts that may arise from the current estate plan and work with you, your accountant and legal advisors to coordinate and help implement the most efficient and effective transfer of assets to your beneficiaries using the latest best practices.

How a financial advisor can ease your concerns during uncertain economic times

Talk to a Crossgrove & Company advisor to learn how you can build your financial confidence and achieve your financial goals during times of market volatility.

Crypto: Magical Thinking that Infected Capitalism

Solving problems in new ways that sustainably deliver value to employees, capital providers, and customers is the path to success. On the other hand, over-promising the scope of new technology and the change it will create will eventually fail, bringing much dissatisfaction.  Having been in business since 1988, we at Crossgrove & Company have seen many fads come and go.  Contact us for financial advice that is tried, tested, and true.

Top 9 Investing Trends For 2023

Staying on top of investment trends and making sense of them can be challenging, to say the least.  Having someone you can trust when it comes to employing strategies can turn stresses into high hopes.  Contact one of our experts at Crossgrove & Company and let us do what we do best, for you. 

Best of 2022: Canada’s top financial advisors share their insights

Happy New Year!  Follow our Crossgrove & Company blog and social media platforms (Linked-in, Facebook, Instagram) for up-to-date financial advice to start 2023.  Better yet, contact us and let us tailor a plan specific to your needs!

Canada’s top wealth advisor is avoiding banks and consumer stocks - here's why!

Experienced advisors know how to handle the toughest of years by not succumbing to fearful reactions when it comes to investing.  Whether you aren’t sure on where to go from here, just starting out, or looking for another’s expert opinion, contact us at Crossgrove & Company to establish a foundation of trust in building and sustaining wealth.

The key role of financial planning during challenging times

By working with a CFP professional or QAFP professional to create a plan that considers their unique circumstances, Canadians can weather the current economic storm and develop the resilience they need to thrive in the future.  Speak to one of our professionals at Crossgrove & Company today!

How to make up for the retirement income gap when pensions won’t be enough

Even the existing government-backed pensions won’t be enough to support many retirees. The maximum monthly amount of CPP an individual could receive today as a new recipient in 2022 is $1,253.59. The average amount paid to a new retiree in July was $727.61.  Connecting with one of our experts at Crossgrove & Company can put you on the path to a comfortable retirement sooner rather than later.  Contact us today!

A look at the landscape for automatic features in Canadian pension plans

“You’re not changing your risk — because the money goes to the same fund it would otherwise — and you’re getting two-times the return,” says Eric Monteiro, senior vice-president of group retirement services at Sun Life Financial Inc. “You cannot possibly find, no matter how hard you look, an investment that is as effective.”  Contact us at Crossgrove & Company to learn more about group pension plans.

Advisor business support growing across Canada’s wealth firms

Advisors require the “same high levels of service, care and thoughtfulness that, honestly, they give to their own clients,” said Andrea Hazlewood, vice-president, advisor experience and growth, with Richardson Wealth.  With new, innovative, and practical systems set in place, Crossgrove & Company is well-equipped to pass on the kind of thorough attention to detail at our disposal to all of our clients in the form of service and results.

12 Services Many Financial Advisors Offer (That Clients May Not Know About)

Many clients view their personal financial advisors as solely focused on investments and retirement. Businesses may reach out to their advisors only at tax time. However, there are many other impactful ways both business and personal financial advisors can assist and guide their clients. Additionally, there are new technologies and options that financial advisors can leverage to help their clients achieve optimal results.  Let our experts at Crossgrove & Company get you on the right track to your future.

Canadians with financial advisers more positive about future

According to financial services provider Primerica, Inc. in its Canadian Financial Security Monitor, a national survey that measures how Canadian families view their finances, Canadians with access to a financial adviser feel more positive about their financial future.  Contact us at Crossgrove & Company and allow us to provide you with the peace of mind you deserve!

Canadians Putting a Premium on Advice as They Navigate Current Market Environment

In advance of Financial Literacy Month, IG Wealth Management (IG) today released a study on Canadians and personal financial planning. According to the study, Canadians are feeling uncertain when it comes to their personal finances. However, those who use a financial advisor are much more likely to feel secure and "financially healthy" as they navigate current market conditions.  Crossgrove & Company can help with not just how secure you feel, but also with the results you achieve.

A different option in Canadian wealth management

Canada’s Big Five banks have a dominating share of wealth management services in this country. But they often provide a commoditized, “cookie-cutter” approach to investment solutions that don’t always suit the needs of high-net-worth Canadian investors.  In recent years, a new offering has emerged – one that allows investment advisors to deliver uniquely customized solutions to meet the desired outcomes of their clients.

Are We In The Final Inning?

It now seems possible, perhaps probable, that the dollar will take a reprieve from its parabolic rally, if more central banks start to imitate in a cooperative manner what the aforementioned ones have recently done. 

Baby Boomers’ Biggest Financial Risk: Cognitive Decline

For baby boomers who manage their own nest eggs, a risk is looming that has nothing to do with stock prices or interest rates.  The risk is cognitive decline, which can rob them of their judgment, often without much warning.  Contact us at Crossgrove & Company to avoid the pitfalls of cognitive decline and have peace of mind knowing that your financial decisions are in the hands of professionals you can trust.

David Rosenberg: You know a market is all priced in when …

How do you know when the markets are all priced in? When good news fails to incite a positive price reaction.  Read more in our blog post, and be sure to contact us at Crossgrove & Company in order to keep from falling victim to natural tendencies when looking at the markets.  With our advisors, you can always count on sound and timely advice!

Housing is keeping Canada's economy going and that's bad news when the bubble pops

One has to wonder what happens to the Canadian economy when the housing bubble finally does pop, the stimulus programs abate, and the commodity cycle runs its course. What is left? The reopening of the economy?  Contact us at Crossgrove & Company where we're always staying on top of economic forecasting and positioning our client portfolios to preserve their wealth even in the bleakest of times.