Cameron Passmore and his PWL Capital team understand that you’re looking for an advisor you can trust, one who will help you make the right decisions about your money and give you peace of mind.

Behavioural Finance

Rational Reminder Podcast Episode 136: Chasing Top Fund Managers

When you see funds performing monumentally well, you may feel regretful for not investing in them earlier. There is, however, a long history of funds that skyrocketed only to have major falls from grace a brief period after. The bulk of today’s episode is spent exploring this idea in the portfolio topic section but before getting into that, we kick the show off with some updates.

Behavioural Finance

Investing in Technological Revolutions

Exciting new technologies, and the companies that create them, seem like obvious investment opportunities. Why wouldn’t you want to invest in the companies leading a new world-changing technological paradigm? Each past technological revolution has changed the world in profound and distinct ways, but their relationship with financial capital has been remarkably consistent. While we can’t predict how emergent technologies will change the world, we can draw insight from how financial markets have behaved through past technological revolutions.

Behavioural Finance

The Rational Reminder Episode 126: Dr. Brian Portnoy and Josh Brown: Beyond the Orthodoxy – How Financial Pros Invest

Dr. Brian Portnoy and Josh Brown’s book How I Invest My Money, captures the stories and investment strategies of 25 top financial advisors. The book highlights that while there are established dogmas that tell you how and why you ought to invest, there is no ‘one-size-fits-all’ way to invest. Today we speak with Brian and Josh about the key insights that we can derive from their work.

Personal Wealth

U.S. Presidential Elections vs. the Stock Market: Who’s Really in Charge?

Are you wondering how the upcoming U.S. presidential election might affect your investments? This is not a new kind of concern. Elections are stressful times, and the heightened rhetoric from across the political spectrum doesn’t help. With so much at stake, it may seem obvious the outcome could impact the stock market. I cannot turn down the volume, nor am I going to take a political side. But I can tell you what the data say about the relationship between U.S. presidential elections and U.S. stock markets. Bottom line, what may seem so “obvious,” may not be. Not even when the election could be a tight one.

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  • I get a high growth portfolio, ongoing wealth management, and on-call advice from true financial experts for a set fee. I couldn’t be happier…

    Adam McNamara Tech Entrepreneur
  • It’s exactly how everyone said it would be – I don’t spend any time worrying about my investments.

    Dave Van Dusen Swift Delivery Systems
  • Great experience! Very friendly and accommodating. Great teachers…can’t say enough good stuff.

    Graham Ghent
  • PWL has a time-tested, thorough, systematic approach to investment management.

    B.L. Client since 2001
  • As a client of Cameron for several years, I have been impressed with his sound investment strategy and unique personalized service that makes my family feel as if we are his only customer. During this time I encouraged several high net worth colleagues to get in touch with him. As a testament to Cameron’s affable and informed manner, 100% of these contacts became customers of his. Seems like people know a good thing when they experience it…

    Phil Wyatt
  • I can give no greater reference for Ben, Cameron and staff than this testimonial. We’ve been with PWL for about 18 months and couldn’t be more pleased. Our money languished with another vendor garnering subpar returns for six years prior. Sure, we received our perfunctory annual Christmas basket, but our portfolio never returned the targeted gain. Not once…

    PWL has been on the money, with our money, from day one. Simple, Data Driven and Predictable. If you’re considering switching portfolio managers – Just Do It.

    Rudy Richman VirtualCSO
  • Cameron and team were most helpful in making our transition from US to Canada as smooth as possible given several complications and they have continued to provide guidance and advice that keeps us feeling confident about where we are headed.

    They have spared us sleepless nights.

    Ruth McKinney and Fred Faust Retired
  • PWL has always treated me as an important individual/client providing well founded, personalized advice and guidance. They are also very prompt when responding to queries and always manage to squeeze me in for either a telephone or in person meeting when needed.

    Excellent advice and customer service.

    Sandy Ouimet Retired
  • Very impressed with the attention given by representatives to your needs and requests as well as the promptness for assistance or any service requested.

    Ron Devries Retired
  • PWL’s client services are incredibly good. Any questions or concerns are addressed promptly and thoroughly. I always feel well taken care of.

    James MacAulay
  • You guys are amazing. That simple.

    Nick S. Software Developer
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    CIM®, FMA, FCSI, Portfolio Manager
    Cameron joined PWL Capital in 1997. He is a partner in the firm as well as a Portfolio Manager. He has been in the financial services industry since 1990.
    MBA, CFA, CFP, CIM®, Portfolio Manager
    Born and raised on Vancouver Island, BC, Benjamin completed a degree in mechanical engineering before pursuing a career in financial services via the MBA program at Carleton University’s Sprott School of Business.
    PWL Headshot: Matt Gour
    Associate Portfolio Manager, CFP, CIM
    From Ottawa, Matthew completed a BComm in finance from the Sprott School of Business at Carleton university. He joined PWL in 2015, and he specializes in financial planning and delivering client service and advice. Matthew has been a CFP Professional since early 2018.
    Jordan Tarasoff
    CFP, CIM®, CIWM, CLU, Investment Advisor
    Jordan grew up in Western Canada living in multiple cities ranging from Victoria to Calgary. Outside of the office he can be found scrambling up the Rockies, travelling to find the best ‘cheap eats’ or dabbling in whatever athletic hobby has recently caught his interest.
    PWL Headshot: Ben Wilson
    BComm., Investment Advisor, CFP
    Ben works closely with clients to help them reach their goals through our disciplined investment approach and ongoing financial planning. He completed his BComm at Carleton University and obtained the CFP certification in 2020.
    PWL Headshot: Tessa Felix
    Culture, HR & Operations Lead
    Always having a passion and curiosity for leadership and people development, Tessa’s full-time role became Culture, HR and Operations Lead for the Passmore Team in 2018. In this role, she manages HR functions such as recruiting, hiring, on-boarding and employee development.
    Carol Harding CPA, CA, TEP
    Accountant, Family Office Specialist
    Carol brings 20 years of taxation and accounting experience to PWL, where she currently provides customized family office services to select clients. Carol enjoys taking complex tax and financial information and presenting it in a way that is understandable and helpful to the people she supports.
    PWL Headshot: Laura Spencer
    FMA, Investment Advisor
    Laura Spencer, originally from Montreal, has been with PWL for over 18 years. Her primary focus is the delivery of day to day client service. She enjoys helping clients, and always ensures that they feel valued.
    PWL Headshot: Robert Little
    Wealth Management Analyst, Investment Advisor
    Prior to joining the Passmore team in early 2018, Robert worked as an investment representative with one of Canada’s Big Banks. Robert graduated from Carleton University majoring in Law and Economics and is currently pursuing the CFA designation.
    PWL Headshot: Lukas Fleck
    Wealth Management Analyst, Investment Advisor
    Lukas joined the Passmore team 2018 upon graduating with a Bachelors of Business Administration, majoring in Finance from St. Francis Xavier University. He is committed to applying his analytical skills and technical knowledge to provide support to the financial advisors and portfolio managers.
    Jaclyn Cecereu
    BComm., Investment Advisor
    Jaclyn joined the Passmore team at the beginning of 2019, bringing with her an industrious spirit and pragmatic mind. Her role involves onboarding new clients, assisting in daily portfolio management, and analysis of long-term financial plans. She is committed to simplifying the ins and outs of financial management for clients, always striving to build rapport and provide excellent service.
    PWL Headshot: Matt Hui
    BComm., Investment Advisor
    Matthew was born and raised in Kanata and graduated from the Sprott school of business with a concentration in accounting. He brings a strong analytical skillset to help create efficient portfolio management and trading processes.
    PWL Headshot: Jacob Fleming
    Portfolio Manager assistant
    Born and raised in Ottawa, Jacob completed his bachelor of commerce with a specialization in finance from the University of Ottawa. He worked for one of the big five banks after graduation both on the retail and investment sides and has recently joined the PWL team.
    Anne Griffith
    Operations Administrator
    Anne was born and raised in Richmond, a small town located in the Eastern Townships of Quebec. After graduating from Bishop’s University with a BA in Environmental Studies, Anne moved to Montreal where she resided for 8 years. After working in various industries, she eventually stumbled into an administrative back office role with RBC.
    Max Vitrotti
    Trading & Operations Specialist
    Jason Flynn
    Financial Planning Associate
    Russell Mitchell
    Operations Administrator
    PWL Headshot: James Passmore
    Financial Services Intern
    PWL Headshot: Crystal Mask
    Office Manager

    Model Portfolio

    • Model Portfolio Performance 40% Stocks - 60% Bonds
      YTD Return 0.00%
      1-Year Total Return 5.43%
      3-Year Annualized Return 4.01%
      5-Year Annualized Return 5.42%
      10-Year Annualized Return 5.03%
      20-Year Annualized Return 5.33%
      Lowest 1-Year Return (03/2008-02/2009) -16.06%
      20-Year Annualized Standard Deviation 5.47%
    • Model Portfolio Performance 50% Stocks - 50% Bonds
      YTD Return 0.00%
      1-Year Total Return 5.97%
      3-Year Annualized Return 4.15%
      5-Year Annualized Return 6.16%
      10-Year Annualized Return 5.96%
      20-Year Annualized Return 5.85%
      Lowest 1-Year Return (03/2008-02/2009) -20.58%
      20-Year Annualized Standard Deviation 6.78%
    • Model Portfolio Performance 60% Stocks - 40% Bonds
      YTD Return 0.00%
      1-Year Total Return 6.33%
      3-Year Annualized Return 4.19%
      5-Year Annualized Return 6.84%
      10-Year Annualized Return 6.04%
      20-Year Annualized Return 5.95%
      Lowest 1-Year Return (03/2008-02/2009) -24.93%
      20-Year Annualized Standard Deviation 8.01%
    • Model Portfolio Performance 70% Stocks - 30% Bonds
      YTD Return 0.00%
      1-Year Total Return 6.60%
      3-Year Annualized Return 4.20%
      5-Year Annualized Return 7.49%
      10-Year Annualized Return 6.94%
      20-Year Annualized Return 6.44%
      Lowest 1-Year Return (03/2008-02/2009) -29.17%
      20-Year Annualized Standard Deviation 9.34%
    • Model Portfolio Performance 80% Stocks - 20% Bonds
      YTD Return 0.06%
      1-Year Total Return 6.88%
      3-Year Annualized Return 4.17%
      5-Year Annualized Return 8.12%
      10-Year Annualized Return 6.88%
      20-Year Annualized Return 6.42%
      Lowest 1-Year Return (03/2008-02/2009) -33.28%
      20-Year Annualized Standard Deviation 10.63%
    • Model Portfolio Performance 100% Stocks - 0% Bonds
      YTD Return 0.16%
      1-Year Total Return 7.09%
      3-Year Annualized Return 3.81%
      5-Year Annualized Return 9.19%
      10-Year Annualized Return 7.61%
      20-Year Annualized Return 6.81%
      Lowest 1-Year Return (03/2008-02/2009) -40.79%
      20-Year Annualized Standard Deviation 13.23%

    Recommended Resources

    Get in touch with us


    265 Carling Avenue 8th Floor

    Contact Cameron Passmore and Benjamin Felix

    • Cameron and Ben work with clients whose household investable assets total $2 million or more. If you do not meet our minimum, please visit The Rational Reminder Podcast on iTunes or Common Sense Investing on YouTube to learn more about evidence-based investing and financial decision-making. If you have a general question or comment regarding the Rational Reminder podcast, please direct it to the discussion board on The Rational Reminder Website.

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