Anthony Layton MBA, CIM

Chairman & CEO, Portfolio Manager

Peter Guay MBA, CFA

Portfolio Manager
  • T514.875.7566 x 224
  • 1.800.875.7566
  • F514.875.9611
  • Place Alexis Nihon
  • 3400 de Maisonneuve Ouest,
    Suite 1501
  • Montreal, Quebec H3Z 3B8

Buying a car

They say the best time to buy a car is during the fall when the new models come out or at the end of the month when sales associates and dealerships are looking to hit their targets. I say the best time to buy a car is after you’ve done all your research. 

In this episode, I will go through the key elements you need to consider when buying a car. For most of us, buying a car means financing the majority of the purchase after you put down the down payment, which I’ll talk about later. Buying is cheaper if you plan on owning the car for more than 5 years. If you’re like most Canadians and keep your car for an average of 11 years, then you’ll be driving debt-free for a few years before you need a new car. 

There are two primary factors to negotiate when buying a car: the price of the car and the financing rate. Now the price of the car means the sticker price, not the monthly payments. You don’t want to spread out the loan over a lengthy period such that you end up paying way more than the car’s worth because of interest.

Car dealers expect negotiation, so take notes, prepare, go in there and get a new car at a great price whether you buy or lease.


By: Peter Guay | 0 comments

Transferring wealth: Why you need to prepare the next generation

In the coming years, an estimated $400 billion will transfer from one generation of Canadians to the next. Unfortunately, research indicates many of these transfers will not go smoothly. Too often, there will be family disputes, poor financial decisions and squandered wealth.

That’s why it’s so important to plan the transfer of wealth by preparing the next generation to manage it.

Money is a difficult subject to talk about in a family. So, you won’t be surprised to hear that many put off the discussion. In some cases, the younger generation is surprised when they learn the magnitude of the wealth they will be inheriting, and unprepared for the duties and responsibilities that go with it.

That’s not a healthy situation. As hard as it may be, it’s absolutely essential to lay the groundwork for a smooth and harmonious transfer and to begin as early as possible.

Teach children about handling money

You can start when the next generation are still children. Kids can be taught the importance of hard work, saving and sharing with others.

As they reach adulthood, you can begin teaching them about handling your family’s wealth responsibly. This should involve both financial education and a transfer of knowledge within the family. 

For the younger generation, there are many things to learn. They will need to understand:

  • how to manage their personal finances through prudent spending, saving and budgeting;
  • the principles of intelligent investing; and
  • how to manage and protect wealth through such things as tax strategies, insurance and wills.

They will also need a clear picture of your family’s financial landscape. Where is the family’s wealth and how is it administered? This will lead them into such areas as business management, tax and estate planning, and charitable giving.

Many areas to learn about 

Again, there are many areas to be potentially explored. For example, are there one or more operating companies? Are there holding companies? How about trusts or a charitable foundation? How does each function? 

While not all your children will have the same level of interest, going through the learning process should make them feel more involved and confident about their role as future stewards of your family’s legacy.

Identifying who in the younger generation will play a leading role in managing the family’s affairs can be a particularly sensitive issue. There are many potential conflicts that must be worked through. These include:

  • competition among the heirs;
  • questions arising from divorce and blended families; and
  • what to do about children who are unfit for one reason or another to manage an inheritance.

Start with a family meeting

So, where to start? A family meeting is usually the best place. Getting family members together for an open discussion is an opportunity for everyone to explore the various issues and come up with an action plan for the future.

The meeting doesn’t have to be too formal, but it’s a good idea to have some structure to facilitate focused and constructive discussion. This means an agenda and a chairperson.

It’s important for each person to come as prepared as possible. What vision and values should guide the family in the future? What issues do you see and how do you propose to deal with them? 

Here, a trusted advisor can be invaluable in bringing the family together and acting as a guide, resource and referee, as necessary.

Tough but necessary conversations

There’s no doubt these can be tough conversations. But delaying them, won’t make them go away, and will likely make them worse. Open communication is essential and should be an ongoing process over the course of years.

The good news is that working through issues and preparing the next generation will give your family the best chance of flourishing for years and decades to come.


By: Anthony Layton | 0 comments

Is It Better to Buy or Lease a Car part 1

We all know that cars are not an investment, no matter how much horsepower they have or how slick they look. Carfax reports that cars lose 10 per cent of their value the moment you drive it off the lot, and on average, will lose another 10 per cent by the end of the first year. Not a great deal.

I’m often asked whether it’s better to lease or buy a car. The short answer? It depends. One of the cheapest ways to get a car is to buy a 1 or 2 year old car with low mileage, for cash, and drive it until you reach 100,000 km, then resell it. This way, you avoid that initial depreciation hit in the first year. However, If you’re the type to change cars every 3 to 4 years and that’s just the way it’s going to be, then leasing is potentially the cheaper option compared to buying.

Beware though, there is a ton of noise out there when it comes to getting a new car. There are dealer and manufacturer incentives, leasing and financing rates, down payments, trade-in values and residual values. There is a lot to consider. I’ll quickly explain what these are and what you need to focus on. 


By: Peter Guay | 1 comments