Anthony Layton

MBA, CIM, CEO, Portfolio Manager

Tony is a founding partner, CEO and Portfolio Manager at PWL Capital Inc. in Montreal with over 35 years of experience helping clients achieve their financial goals. He is a firm believer that conflict-free advice is the only way to properly serve Canadian investors.
Tony is a founding partner, CEO and Portfolio Manager at PWL Capital Inc. in Montreal with over 35 years of experience helping clients achieve their financial goals. He is a firm believer that conflict-free advice is the only way to properly serve Canadian investors.
Market Research

Tony’s Take: The worst of times, the best of times

What’s the worst month for stock market returns? If you said October, you would be wrong, but no one would blame you. Many people associate October with stock market misery because of three infamous crashes that occurred during the month—the Great Crash of 1929, the Black Monday crash of 1987 and the financial crisis crash of 2008.

Personal Wealth
Female Financial Advisor Shaking Hands Clients

Tony’s Take: Clients first!

I didn’t think a recent report on sales practices at Canada’s big six banks got enough attention in the investment industry. Its conclusions are a wake-up call for those who think we don’t need tougher investor protection in this country.

Business Wealth
Lunch Restaurant Young Man Paying With Credit Card

Tony’s Take: No free lunch

They say there’s no free lunch in life. But for some Canadian investment advisors, there’s not only been free lunches, but free golf trips, free tickets to sports events and concerts by the likes of Madonna, Paul McCartney and Justin Bieber, and other pricey gifts.

Business Wealth
Kids Soccer Field Referee Giving Penalty Yellow Card Player

Tony’s Take: Overcharged

How would you feel if you were charged thousands of dollars for advice you never received? Well, that is exactly what’s been happening to clients of discount brokers who bought mutual funds carrying commissions normally paid to financial advisors.

Personal Wealth

Tony’s Take: Misguided Beliefs

It’s no secret many investors underperform the market indexes with disastrous consequences for their retirement savings. The list of bad investing behaviour is unfortunately all too familiar. We know these are losing strategies thanks to decades of academic research. So why don’t more investment advisors steer their clients toward better, more rational decisions?