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

How to control anti-return behaviour

In investment management, we only have a limited number of performance levers. Most of the variables that propel portfolios (performance of the stock market in general and individual stocks in particular, changes in interest rates and inflation, monetary policy, etc.) are unpredictable over short and medium periods.

Personal Wealth

The Terrible Truth about Hedge Funds

Hedge funds represent a fascinating field of interest for two reasons. First, they involve the most sophisticated strategies and instruments, such as short selling, derivative products and leverage. Hedge fund managers have unequalled freedom of action, with a goal of maximizing profits.

Starting Out
by honey fangs on unsplash

Episode 159: Bill Schultheis: Build Wealth and Get on With Your Life

The work of Bill Schultheis has had a profound effect on us here at the Rational Reminder Podcast, and eventually having him join us on the show is truly an honour! Bill is the author of the Coffeehouse Investor series and is currently the Principal and Senior Advisor at Soundmark, in Kirkland, Washington. Throughout his career Bill has dedicated himself to helping his clients make the choices that best serve them and their particular needs, and his approach has continued to grow and improve over the decades he has been in the game.

Market Research

Posted vs. Forward-Looking MERs

ETFs and mutual funds report their Management Expense Ratio (MER) semi-annually in their Management Report of Fund Performance (MRFP). The reported MER is the sum of the fund’s total management fees plus total operating expenses plus sales tax for the last year, all divided by the fund’s average assets for the period.

Market Research

Reach the Top

How would you like to be at the top of the class with your investments? As in many other areas, standing out with your investment results requires good documentation. To do this, a good starting point is the report published by the research firm Standard and Poor’s (also known as the “SPIVA®” report or “Standard and Poor’s Index versus Active”) on the performance of actively managed mutual funds in Canada.

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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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    Executive Chairman, Portfolio Manager, CIM®, FMA, FCSI
    Cameron Passmore has been a leading advocate for evidence-based, systemic investing for over 20 years in the Ottawa area. Today, Cameron and his team serve a broad range of affluent clients across Canada.
    Portfolio Manager, MBA, CFA, CFP, CIM®
    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
    Private Services Lead, 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.
    PWL Headshot: Ben Wilson
    Advisor Services Lead, 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.
    Jordan Tarasoff
    Financial Planner, Investment Advisor, CFP, CIM®, CIWM, CLU
    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: Tessa Felix
    Culture & HR 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.
    PWL Headshot: Laura Spencer
    Operations Administrator, Investment Advisor, FMA
    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
    Investment Analyst - Family Office Services, Investment Advisor, CIM®
    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
    Investment Advisor, CFP, BComm.
    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
    Trading Associate, Investment Advisor, CIM®
    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
    Trading Associate, Investment Representative, CIM®
    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, Investment Representative
    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.
    Jason Flynn
    Financial Planning Associate, QAFP
    Max Vitrotti
    Trading Associate, Investment Advisor
    Russell Mitchell
    Operations Administrator, Investment Representative
    PWL Headshot: James Passmore
    Jr. Wealth Management Analyst

    Model Portfolio

    • Model Portfolio Performance 40% Stocks - 60% Bonds
      YTD Return 6.61%
      1-Year Total Return 15.57%
      3-Year Annualized Return 5.68%
      5-Year Annualized Return 5.67%
      10-Year Annualized Return 5.33%
      20-Year Annualized Return 5.50%
      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 5.20%
      1-Year Total Return 19.21%
      3-Year Annualized Return 6.30%
      5-Year Annualized Return 6.54%
      10-Year Annualized Return 6.39%
      20-Year Annualized Return 6.10%
      Lowest 1-Year Return (03/2008-02/2009) -20.58%
      20-Year Annualized Standard Deviation 6.77%
    • Model Portfolio Performance 60% Stocks - 40% Bonds
      YTD Return 7.96%
      1-Year Total Return 22.84%
      3-Year Annualized Return 6.82%
      5-Year Annualized Return 7.37%
      10-Year Annualized Return 6.61%
      20-Year Annualized Return 6.28%
      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 9.29%
      1-Year Total Return 26.46%
      3-Year Annualized Return 7.30%
      5-Year Annualized Return 8.14%
      10-Year Annualized Return 7.65%
      20-Year Annualized Return 6.84%
      Lowest 1-Year Return (03/2008-02/2009) -29.17%
      20-Year Annualized Standard Deviation 9.33%
    • Model Portfolio Performance 80% Stocks - 20% Bonds
      YTD Return 10.86%
      1-Year Total Return 30.44%
      3-Year Annualized Return 7.79%
      5-Year Annualized Return 8.93%
      10-Year Annualized Return 7.72%
      20-Year Annualized Return 6.91%
      Lowest 1-Year Return (03/2008-02/2009) -33.28%
      20-Year Annualized Standard Deviation 10.62%
    • Model Portfolio Performance 100% Stocks - 0% Bonds
      YTD Return 14.18%
      1-Year Total Return 38.81%
      3-Year Annualized Return 8.52%
      5-Year Annualized Return 10.38%
      10-Year Annualized Return 8.77%
      20-Year Annualized Return 7.48%
      Lowest 1-Year Return (03/2008-02/2009) -40.79%
      20-Year Annualized Standard Deviation 13.22%

    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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