At Mailey Rogers Group, we strive to guide, support and empower clients as they navigate their unique financial situations. We actively inform North Shore families about their wealth management options, and share financial news and resources that may interest them. Even those who take an active interest in their finances can be thrown by hot-button terms that pop up in the news overnight. One example of this is the buzz around shadow banking – an issue that’s been given a great deal of media coverage in recent months, but may not be something our clients are well-versed in. For this reason, let’s take a closer look at what it means and how it affects you.
Put simply, shadow banking refers to a system of non-bank financial institutions that conduct financial activities outside of federal regulations. Shadow bankers are intermediaries who conduct these financial activities, such as mortgage lending, investing and insurance services, without being subject to the same regulatory standards as a bank or bank-owned subsidiary. While these organizations are not illegal, they are associated with greater risk than a traditional financial institution.
A recent meeting with Don Raymond of Alignvest Strategic Partners Fund.
Mailey Rogers Group views due diligence as not just monitoring the investments our clients own, but looking for great investment opportunities our clients should own!
We receive multiple requests for meetings from investment representatives every day. We are very selective of who we meet with. A recent meeting Brie Fraser and I had was with Don Raymond, Managing Partner and Chief Investment Officer at Alignvest Strategic Partners Fund.
An Expected Adjustment
In the generally sideways moving markets in the month of June, currencies were the main factor when looking at Canadian Dollar returns. Most developed market currencies gained against the U.S. Dollar. While the U.S. economy remains strong, its pace is slowing with consensus GDP growth forecasts declining to a 2.2% growth rate. At the same time, the Central Banks in the U.S., Canada, the U.K. and Europe are expressing more hawkish views for their monetary policy. A July 12th rate increase in Canada is looking likely, and U.K and European rate increases later this year are looking more likely. In the U.S., the interest rate increases may be over for the rest of 2017, but it will be replaced by the Fed action to reduce the amount of bonds the Central Bank holds which will result in monetary tightening.
Madison Mailey has been selected to row for Canada on the Under 23 Canadian Rowing Team. Many clients, friends and family have watched Kim and Victoria’s daughter grow from a little girl to the elite athlete she is today. This summer, she will be representing Canada in Bulgaria at the World Rowing Championships. The regatta will take place in Plovdiv, Bulgaria from July 19 to 23.
To learn more, read this link and follow along at “rowingcanada” on Instagram! On Tuesday afternoon U23 women give their supporters a look at their training on their path to Plovdiv.
We are very proud of Madison, and the entire Canadian National Team as they represent our country on the world stage this summer.