PWL Capital’s Toronto team will work hard to ensure you reach your financial goals by combining disciplined portfolio management, ongoing planning, and a commitment to attentive service.

DIY Investing

When Should I Dump VEQT (or Should I)?

Hey Justin, it’s Robb Engen from the Boomer and Echo blog. My question to you is about the cost savings of using U.S.-listed ETFs. Right now, 100% of my portfolio is in Vanguard’s all-equity fund, VEQT. There’s about $200,000 in my RRSP, and $50,000 in my TFSA. At what point would you say to me, “Robb, look, you’re absolutely crazy not to break up with your one-ticket fund and switch to a portfolio that includes U.S.-listed ETFs.”

DIY Investing

Choosing Your Ideal Vanguard Asset Allocation ETF

Selecting which Vanguard asset allocation ETF to purchase can be intimidating – especially if you ask friends, family, or colleagues what they think you should do. You’ll probably not only receive conflicting recommendations, each one will be sure they’re right, even if it’s a much riskier and aggressive asset mix than you’d select on your own.

Advanced Investing

Podcast 26: ETF Deep Dive With Erika Toth

In the latest episode of the podcast, we take a detailed (and technical) look at the inner workings of ETFs. I’m joined in the studio by Erika Toth, a director at BMO ETFs whose role is to help both investors and advisors understand how these funds are structured, how they trade, and how they should be used in a portfolio.

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  • PWL has provided me with the peace of mind that comes from knowing my investments aren’t exposed to unnecessary risks. They’ve always made a point of promptly answering any questions I’ve had and processing all my instructions in an expeditious manner, which has led to a very positive working relationship.

    Richard Z Maple, Ontario
  • Justin, Shannon and PWL Capital have demonstrated a confident professionalism and realistic understanding of my financial situation and expected requirements. They have given me the sense of security and trust that I am looking for: I feel that I am in good hands.

    Randy Kenney Yarmouth, Nova Scotia
  • Shannon and Justin are a rare find in the industry. Before switching I was being charged up to 2.5% in hidden fees. PWL took the time to set me up with a plan that openly states their fees and clearly articulated the nature of the investments. It’s refreshing to meet a team so up-to-date with the latest technology. I can’t recommend this team’s services enough.

    Mark Dunkley Toronto, Ontario
  • PWL Capital has handled my finances for about 10 years. My confidence level is high as I start into a time of life when significant transitions are made. I rest assured that PWL and its staff are on top of my financial affairs and work within a conservative, reliable and standards-driven organization.

    Jill Willington Richmond Hill, Ontario
  • We both felt very comfortable with the planning process and the obvious skills of Shannon and Justin. We feel confident about working together in the future with all members of the team.

    Jan Nicholls and Paul Sobanski Peterborough, Ontario
  • We decided to sign on with Justin and Shannon at PWL Capital for several reasons: the passive investment model, good interpersonal skills, transparency with regards to fees, and adherence to the fiduciary standard. I would have no hesitation to recommend this team.

    Dr. Rashid Rajah (MD) and Julie Rajah Toronto, Ontario
  • Justin and Shannon offer a level of personal service and expertise that I have not found from any other advisor. The ability to have nearly all of my financial needs met in one place is invaluable and, even more importantly, I appreciate knowing that I will always receive a prompt response to my questions.

    Dan and Michelle Scholes Thornhill, Ontario
  • We have received outstanding guidance and support from Justin and Shannon. We especially value the math-based rationale and emphasis on asset location and tax implications. And then there is the highly responsive and accommodating style—including custom performance reports—reasonable fees, and willingness to go above and beyond.

    Arman Mirchandani Toronto, Ontario
  • I sought out the services of Dan Bortolotti at PWL after being frustrated with several other advisors over the years. He has exceeded my expectations: Dan is the ultimate professional, very thorough in all aspects of his work and an excellent communicator who makes even complex issues easy to understand. He takes the time to understand my family’s financial needs and always acts in my best interest. I have finally found peace of mind with Dan and PWL Capital Toronto as my advisors.

    Andrew Liaw, Toronto, Ontario Toronto, Ontario
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    CFA, CFP, B.Comm., Portfolio Manager
    With more than a decade of experience managing portfolios, Justin is focused on keeping costs and taxes low for his clients. His skills as an analyst and researcher have made him widely respected in the ETF industry.
    CFP, CIM®, B.Comm., Portfolio Manager
    With a passion for planning, Shannon enjoys helping clients see their investments in the context of their larger goals.
    CFP, CIM®, Portfolio Manager
    Dan works with clients to combine investment management with long-term financial planning. He also promotes investor education through his blog, articles and podcast.
    CFA, MFin., Investment Advisor
    Dustin is committed to providing unbiased, evidence-based investment advice to help his clients achieve their goals.
    PWL Headshot: Amanda Dalziel
    Portfolio Manager Assistant
    Amanda handles the administrative duties involved in managing client portfolios, including executing trades, cash management, and tax reporting.
    PWL Headshot: Wendy Bortolotti
    Client Services Specialist
    Wendy brings a financial background and detail-oriented skills to managing client services and administrative support for the Toronto team.

    Model Portfolio

    • Hypothetical Performance as of June 30, 2019 80% bonds - 20% stocks
      YTD Return 7.74%
      1-Year Return 6.64%
      3-Year Annualized Return 4.23%
      5-Year Annualized Return 4.78%
      10-Year Annualized Return 5.68%
      20-Year Annualized Return 5.61%
      Lowest 1-Year Return -3.84%
      20-Year Annualized Standard Deviation 3.72%
    • Hypothetical Performance as of June 30, 2019 70% bonds - 30% stocks
      YTD Return 8.32%
      1-Year Return 6.27%
      3-Year Annualized Return 5.06%
      5-Year Annualized Return 5.30%
      10-Year Annualized Return 6.34%
      20-Year Annualized Return 5.75%
      Lowest 1-Year Return -7.75%
      20-Year Annualized Standard Deviation 4.33%
    • Hypothetical Performance as of June 30, 2019 60% bonds - 40% stocks
      YTD Return 8.97%
      1-Year Return 5.99%
      3-Year Annualized Return 5.93%
      5-Year Annualized Return 5.89%
      10-Year Annualized Return 7.08%
      20-Year Annualized Return 5.83%
      Lowest 1-Year Return -11.48%
      20-Year Annualized Standard Deviation 5.13%
    • Hypothetical Performance as of June 30, 2019 50% bonds - 50% stocks
      YTD Return 9.61%
      1-Year Return 5.65%
      3-Year Annualized Return 6.75%
      5-Year Annualized Return 6.38%
      10-Year Annualized Return 7.71%
      20-Year Annualized Return 5.94%
      Lowest 1-Year Return -15.38%
      20-Year Annualized Standard Deviation 6.09%
    • Hypothetical Performance as of June 30, 2019 40% bonds - 60% stocks
      YTD Return 10.18%
      1-Year Return 5.27%
      3-Year Annualized Return 7.59%
      5-Year Annualized Return 6.89%
      10-Year Annualized Return 8.34%
      20-Year Annualized Return 5.99%
      Lowest 1-Year Return -19.23%
      20-Year Annualized Standard Deviation 7.14%
    • Hypothetical Performance as of June 30, 2019 30% bonds - 70% stocks
      YTD Return 10.80%
      1-Year Return 4.97%
      3-Year Annualized Return 8.46%
      5-Year Annualized Return 7.47%
      10-Year Annualized Return 9.02%
      20-Year Annualized Return 6.02%
      Lowest 1-Year Return -22.95%
      20-Year Annualized Standard Deviation 8.24%
    • Hypothetical Performance as of June 30, 2019 20% bonds - 80% stocks
      YTD Return 11.43%
      1-Year Return 4.62%
      3-Year Annualized Return 9.28%
      5-Year Annualized Return 7.94%
      10-Year Annualized Return 9.62%
      20-Year Annualized Return 6.04%
      Lowest 1-Year Return -26.78%
      20-Year Annualized Standard Deviation 9.39%
    • Hypothetical Performance as of June 30, 2019 10% bonds - 90% stocks
      YTD Return 12.01%
      1-Year Return 4.22%
      3-Year Annualized Return 10.10%
      5-Year Annualized Return 8.44%
      10-Year Annualized Return 10.22%
      20-Year Annualized Return 6.00%
      Lowest 1-Year Return -30.56%
      20-Year Annualized Standard Deviation 10.58%
    • Hypothetical Performance as of June 30, 2019 100% stocks
      YTD Return 12.63%
      1-Year Return 3.91%
      3-Year Annualized Return 10.98%
      5-Year Annualized Return 9.01%
      10-Year Annualized Return 10.87%
      20-Year Annualized Return 5.95%
      Lowest 1-Year Return -34.22%
      20-Year Annualized Standard Deviation 11.79%

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    Contact the Toronto Team

    • In order to keep our fees low and our service level high, PWL’s Toronto team is only able to work with clients with household accounts totaling $1 million or more. If you do not meet our minimum, please visit the Canadian Couch Potato and Canadian Portfolio Manager websites for a host of resources that we offer for free to all investors.

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