Wealth Management Services Simplifying Wealth for Canadians Helping you frame financial decisions through the lens of living a good life CIRO Advisor Report Services We help you plan your every aspect of your financial life. We do it together. PWL offers a personalized approach to wealth management that lets our clients define their financial and family goals based on their lifestyles. We integrate financial planning and investment management so our advisors can develop targeted strategies and provide each customer with a unique experience. Our teams specialize in serving high net worth clients, with the expertise and experience to oversee every aspect of your financial life. Retirement Planning We work with you to identify your cash flow needs and account for multiple scenarios to bring you peace of mind and help determine when you can expect to comfortably retire. Asset Allocation We’re experts in asset allocation for Canadians. Learn which strategies will work uniquely for you. Diversification We ensure you maintain a balanced and diversified portfolio of investments, across different types, sectors, and markets. Estate Planning We consult with you and your other service providers to make sure everything is accounted for and your estate will be optimally managed. Behavioural Coaching We guide you and help you adjust to make the right decisions when it comes to your finances. Small changes can have a huge impact on your portfolio. Realize or Defer Capital Gains Calculator Realizing a large capital gain before June 25 may be tempting, but pre-paying tax now – even at the lower rates – might make you worse-off in the long-run. We modeled this trade-off and made our model available to the public. Latest Ideas & Insights The Passive Fund Revolution Apr 24, 2024 Market Research Bonus Episode – Prof. Meir Statman: A Wealth of Well-Being Apr 22, 2024 Investing For Your Future Episode 301 – Optimal Government Pension Claiming Apr 18, 2024 Investing For Your Future Episode 300 – Abby Sussman: Financial Judgment and Decision Making Apr 11, 2024 Investing For Your Future Episode 299: The Most Important Lessons in Investing Apr 4, 2024 Investing For Your Future Episode 298 – Randall Stutman: Admired Leadership for Financial Decision-Making Mar 28, 2024 Investing For Your Future Model Portfolio For illustration purposes only. Actual client portfolios may differ. As of February 29, 2024. 40% Stocks - 60% Bonds 50% Stocks - 50% Bonds 60% Stocks - 40% Bonds 70% Stocks - 30% Bonds 80% Stocks - 20% Bonds 100% Stocks - 0% Bonds Model Portfolio Performance 40% Stocks - 60% Bonds YTD Return 1.83% 1-Year Total Return 8.52% 3-Year Annualized Return 2.97% 5-Year Annualized Return 4.40% 10-Year Annualized Return 4.30% 20-Year Annualized Return 4.87% Worst Drawdown (05/2007-02/2009) -18.90% Drawdown - Time to Recovery (from the bottom) 11 months 20-Year Annualized Standard Deviation 5.80% Model Portfolio Performance 50% Stocks - 50% Bonds YTD Return 2.17% 1-Year Total Return 9.37% 3-Year Annualized Return 4.02% 5-Year Annualized Return 5.34% 10-Year Annualized Return 5.01% 20-Year Annualized Return 5.39% Worst Drawdown (05/2007-02/2009) -24.70% Drawdown - Time to Recovery (from the bottom) 14 months 20-Year Annualized Standard Deviation 7.03% Model Portfolio Performance 60% Stocks - 40% Bonds YTD Return 2.51% 1-Year Total Return 10.19% 3-Year Annualized Return 5.07% 5-Year Annualized Return 6.23% 10-Year Annualized Return 5.65% 20-Year Annualized Return 5.92% Worst Drawdown (05/2007-02/2009) -30.10% Drawdown - Time to Recovery (from the bottom) 20 months 20-Year Annualized Standard Deviation 8.25% Model Portfolio Performance 70% Stocks - 30% Bonds YTD Return 2.87% 1-Year Total Return 10.97% 3-Year Annualized Return 6.07% 5-Year Annualized Return 7.05% 10-Year Annualized Return 6.41% 20-Year Annualized Return 6.44% Worst Drawdown (05/2007-02/2009) -35.10% Drawdown - Time to Recovery (from the bottom) 23 months 20-Year Annualized Standard Deviation 9.49% Model Portfolio Performance 80% Stocks - 20% Bonds YTD Return 3.25% 1-Year Total Return 11.76% 3-Year Annualized Return 7.12% 5-Year Annualized Return 7.92% 10-Year Annualized Return 6.91% 20-Year Annualized Return 6.86% Worst Drawdown (05/2007-02/2009) -39.80% Drawdown - Time to Recovery (from the bottom) 24 months 20-Year Annualized Standard Deviation 10.74% Model Portfolio Performance 100% Stocks - 0% Bonds YTD Return 4.12% 1-Year Total Return 13.40% 3-Year Annualized Return 9.48% 5-Year Annualized Return 9.69% 10-Year Annualized Return 8.18% 20-Year Annualized Return 7.80% Worst Drawdown (05/2007-02/2009) -48.00% Drawdown - Time to Recovery (from the bottom) 48 months 20-Year Annualized Standard Deviation 13.21% Recommended Resources I'm looking for Market Statistics White Papers Model Portfolios Important Documents Client Guides Market Statistics White Papers Model Portfolios Important Documents Client Guides Market Statistics – March 2024 Market Statistics – February 2024 Market Statistics – January 2024 Market Statistics – December 2023 Market Statistics – November 2023 Evidence Based Investing Market Statistics – March 2024 Published: April 5, 2024 All figures in CAD unless mentioned otherwise Looking for reliable data on recent market performance? Here you’ll find a PDF document of the monthly statistics […] Contributors Evidence Based Investing Market Statistics – February 2024 Published: March 6, 2024 All figures in CAD unless mentioned otherwise Looking for reliable data on recent market performance? Here you’ll find a PDF document of the monthly statistics […] Contributors Evidence Based Investing Market Statistics – January 2024 Published: February 7, 2024 All figures in CAD unless mentioned otherwise Looking for reliable data on recent market performance? Here you’ll find a PDF document of the monthly statistics […] Contributors Evidence Based Investing Market Statistics – December 2023 Published: January 5, 2024 All figures in CAD unless mentioned otherwise Looking for reliable data on recent market performance? Here you’ll find a PDF document of the monthly statistics […] Contributors Evidence Based Investing Market Statistics – November 2023 Published: December 8, 2023 All figures in CAD unless mentioned otherwise Looking for reliable data on recent market performance? Here you’ll find a PDF document of the monthly statistics […] Contributors Market Statistics – March 2024 Contributors Learn More Market Statistics – February 2024 Contributors Learn More Market Statistics – January 2024 Contributors Learn More Market Statistics – December 2023 Contributors Learn More Market Statistics – November 2023 Contributors Learn More Financial Planning Assumptions for Market-Cap Weighted & Factor-Tilted Portfolios (Methodology Guide) The Passive Vs. Active Fund Monitor (2023) Financial Planning Assumptions (Factor-Tilted Portfolio) Financial Planning Assumptions (Market Capitalization Weighted Portfolio) Permanent Life Insurance Evidence Based Investing Financial Planning Assumptions for Market-Cap Weighted & Factor-Tilted Portfolios (Methodology Guide) Published: March 22, 2024 This guide describes PWL Capital’s methodology for estimating the expected returns, standard deviations, and correlations of major asset classes over a 30-year planning horizon. These […] Contributors Evidence Based Investing The Passive Vs. Active Fund Monitor (2023) Published: March 18, 2024 This report describes the competitive landscape for passively and actively managed retail funds from 2014 to 2023 in Canada, the United States, and worldwide. Section […] Contributors Evidence Based Investing Financial Planning Assumptions (Factor-Tilted Portfolio) Published: January 30, 2024 This guide is intended to provide Canadian financial planners with our best estimates of future asset classreturns and volatilities to produce financial projections for their […] Contributors Evidence Based Investing Financial Planning Assumptions (Market Capitalization Weighted Portfolio) Published: January 30, 2024 This guide is intended to provide Canadian financial planners with our best estimates of future asset class returns and volatilities to produce financial projections for […] Contributors Evidence Based Investing Permanent Life Insurance Published: September 7, 2023 Insurance is a financial contract designed to transfer risk from an individual or entity (the insured) toan insurance company (the insurer). Contracts are priced based […] Contributors Financial Planning Assumptions for Market-Cap Weighted & Factor-Tilted Portfolios (Methodology Guide) Contributors Learn More The Passive Vs. Active Fund Monitor (2023) Contributors Learn More Financial Planning Assumptions (Factor-Tilted Portfolio) Contributors Learn More Financial Planning Assumptions (Market Capitalization Weighted Portfolio) Contributors Learn More Permanent Life Insurance Contributors Learn More Capital Team – Dimensional Global Portfolios – March, 2024 Capital Team – Dimensional Global Portfolios – February, 2024 Capital Team – Dimensional Global Portfolios – January, 2024 Capital Team – Dimensional Global Portfolios – December, 2023 Capital Team – Dimensional Global Portfolios – November, 2023 Capital Team – Dimensional Global Portfolios – March, 2024 Published: April 15, 2024 This document provides the performance data for Dimensional Global Portfolios for March 31, as compiled by the Capital Team. For illustration purposes only. Actual client portfolios may be […] Contributors Capital Team – Dimensional Global Portfolios – February, 2024 Published: March 14, 2024 This document provides the performance data for Dimensional Global Portfolios for February 29, as compiled by the Capital Team. For illustration purposes only. Actual client portfolios may be […] Contributors Capital Team – Dimensional Global Portfolios – January, 2024 Published: February 13, 2024 This document provides the performance data for Dimensional Global Portfolios for January 31, as compiled by the Capital Team. For illustration purposes only. Actual client portfolios may be […] Contributors Capital Team – Dimensional Global Portfolios – December, 2023 Published: January 12, 2024 This document provides the performance data for Dimensional Global Portfolios for December 31, as compiled by the Capital Team. For illustration purposes only. Actual client portfolios may be […] Contributors Capital Team – Dimensional Global Portfolios – November, 2023 Published: December 12, 2023 This document provides the performance data for Dimensional Global Portfolios for November 30, as compiled by the Capital Team. For illustration purposes only. Actual client portfolios may be […] Contributors Capital Team – Dimensional Global Portfolios – March, 2024 Contributors Learn More Capital Team – Dimensional Global Portfolios – February, 2024 Contributors Learn More Capital Team – Dimensional Global Portfolios – January, 2024 Contributors Learn More Capital Team – Dimensional Global Portfolios – December, 2023 Contributors Learn More Capital Team – Dimensional Global Portfolios – November, 2023 Contributors Learn More HISA INFORMATION An Investor’s Guide to Making a Complaint Strip Bond Information Statement Brochures Your 2023 Tax Return – Tax Reporting Information Accounts and Services Agreement and Disclosures HISA INFORMATION Published: March 13, 2024 The release of the Bill C-86 which introduced sweeping changes to the Bank Act’s consumer protection framework, involving key amendments related to selling practices and […] Personal Wealth An Investor’s Guide to Making a Complaint Published: February 16, 2024 IIROC: Protecting Investors and Fostering Fair and Efficient Capital Markets across Canada. Strip Bond Information Statement Brochures Published: February 16, 2024 Your 2023 Tax Return – Tax Reporting Information Published: January 26, 2024 To help you complete your income tax return, the following document is an overview of the most common Canadian tax slips. Personal Wealth Accounts and Services Agreement and Disclosures Published: January 24, 2024 Accounts and Services Agreement and Disclosures For Clients of Introducing Brokers HISA INFORMATION Learn More An Investor’s Guide to Making a Complaint Summary IIROC: Protecting Investors and Fostering Fair and Efficient Capital Markets across Canada. Learn More Strip Bond Information Statement Brochures Learn More Your 2023 Tax Return – Tax Reporting Information Summary To help you complete your income tax return, the following document is an overview of the most common Canadian tax slips. Learn More Accounts and Services Agreement and Disclosures Summary Accounts and Services Agreement and Disclosures For Clients of Introducing Brokers Learn More HISA INFORMATION Strip Bond Information Statement Brochures HISA INFORMATION Published: March 13, 2024 The release of the Bill C-86 which introduced sweeping changes to the Bank Act’s consumer protection framework, involving key amendments related to selling practices and […] Strip Bond Information Statement Brochures Published: February 16, 2024 HISA INFORMATION Learn More Strip Bond Information Statement Brochures Learn More
Retirement Planning We work with you to identify your cash flow needs and account for multiple scenarios to bring you peace of mind and help determine when you can expect to comfortably retire.
Asset Allocation We’re experts in asset allocation for Canadians. Learn which strategies will work uniquely for you.
Diversification We ensure you maintain a balanced and diversified portfolio of investments, across different types, sectors, and markets.
Estate Planning We consult with you and your other service providers to make sure everything is accounted for and your estate will be optimally managed.
Behavioural Coaching We guide you and help you adjust to make the right decisions when it comes to your finances. Small changes can have a huge impact on your portfolio.
Episode 300 – Abby Sussman: Financial Judgment and Decision Making Apr 11, 2024 Investing For Your Future
Episode 298 – Randall Stutman: Admired Leadership for Financial Decision-Making Mar 28, 2024 Investing For Your Future
Evidence Based Investing Market Statistics – March 2024 Published: April 5, 2024 All figures in CAD unless mentioned otherwise Looking for reliable data on recent market performance? Here you’ll find a PDF document of the monthly statistics […] Contributors
Evidence Based Investing Market Statistics – February 2024 Published: March 6, 2024 All figures in CAD unless mentioned otherwise Looking for reliable data on recent market performance? Here you’ll find a PDF document of the monthly statistics […] Contributors
Evidence Based Investing Market Statistics – January 2024 Published: February 7, 2024 All figures in CAD unless mentioned otherwise Looking for reliable data on recent market performance? Here you’ll find a PDF document of the monthly statistics […] Contributors
Evidence Based Investing Market Statistics – December 2023 Published: January 5, 2024 All figures in CAD unless mentioned otherwise Looking for reliable data on recent market performance? Here you’ll find a PDF document of the monthly statistics […] Contributors
Evidence Based Investing Market Statistics – November 2023 Published: December 8, 2023 All figures in CAD unless mentioned otherwise Looking for reliable data on recent market performance? Here you’ll find a PDF document of the monthly statistics […] Contributors
Evidence Based Investing Financial Planning Assumptions for Market-Cap Weighted & Factor-Tilted Portfolios (Methodology Guide) Published: March 22, 2024 This guide describes PWL Capital’s methodology for estimating the expected returns, standard deviations, and correlations of major asset classes over a 30-year planning horizon. These […] Contributors
Evidence Based Investing The Passive Vs. Active Fund Monitor (2023) Published: March 18, 2024 This report describes the competitive landscape for passively and actively managed retail funds from 2014 to 2023 in Canada, the United States, and worldwide. Section […] Contributors
Evidence Based Investing Financial Planning Assumptions (Factor-Tilted Portfolio) Published: January 30, 2024 This guide is intended to provide Canadian financial planners with our best estimates of future asset classreturns and volatilities to produce financial projections for their […] Contributors
Evidence Based Investing Financial Planning Assumptions (Market Capitalization Weighted Portfolio) Published: January 30, 2024 This guide is intended to provide Canadian financial planners with our best estimates of future asset class returns and volatilities to produce financial projections for […] Contributors
Evidence Based Investing Permanent Life Insurance Published: September 7, 2023 Insurance is a financial contract designed to transfer risk from an individual or entity (the insured) toan insurance company (the insurer). Contracts are priced based […] Contributors
Capital Team – Dimensional Global Portfolios – March, 2024 Published: April 15, 2024 This document provides the performance data for Dimensional Global Portfolios for March 31, as compiled by the Capital Team. For illustration purposes only. Actual client portfolios may be […] Contributors
Capital Team – Dimensional Global Portfolios – February, 2024 Published: March 14, 2024 This document provides the performance data for Dimensional Global Portfolios for February 29, as compiled by the Capital Team. For illustration purposes only. Actual client portfolios may be […] Contributors
Capital Team – Dimensional Global Portfolios – January, 2024 Published: February 13, 2024 This document provides the performance data for Dimensional Global Portfolios for January 31, as compiled by the Capital Team. For illustration purposes only. Actual client portfolios may be […] Contributors
Capital Team – Dimensional Global Portfolios – December, 2023 Published: January 12, 2024 This document provides the performance data for Dimensional Global Portfolios for December 31, as compiled by the Capital Team. For illustration purposes only. Actual client portfolios may be […] Contributors
Capital Team – Dimensional Global Portfolios – November, 2023 Published: December 12, 2023 This document provides the performance data for Dimensional Global Portfolios for November 30, as compiled by the Capital Team. For illustration purposes only. Actual client portfolios may be […] Contributors
HISA INFORMATION Published: March 13, 2024 The release of the Bill C-86 which introduced sweeping changes to the Bank Act’s consumer protection framework, involving key amendments related to selling practices and […]
Personal Wealth An Investor’s Guide to Making a Complaint Published: February 16, 2024 IIROC: Protecting Investors and Fostering Fair and Efficient Capital Markets across Canada.
Your 2023 Tax Return – Tax Reporting Information Published: January 26, 2024 To help you complete your income tax return, the following document is an overview of the most common Canadian tax slips.
Personal Wealth Accounts and Services Agreement and Disclosures Published: January 24, 2024 Accounts and Services Agreement and Disclosures For Clients of Introducing Brokers
HISA INFORMATION Published: March 13, 2024 The release of the Bill C-86 which introduced sweeping changes to the Bank Act’s consumer protection framework, involving key amendments related to selling practices and […]