Adventus Update

by on February 24, 2020 with No Comments

Please see the below update from Adventus’ Management Team. Some key highlights of the report are:

  1. A new acquisition has been announced in Dallas, Texas. This is important as it brings a third major market into the portfolio and would also have the REIT achieve an asset value of over US$1 billion. Over the last couple of years, Management has indicated that the US$1 billion mark would be important for a solid exit.
  2. Adventus also announced a major lease renewal signed with one of the REIT’s largest tenants, US Foods. They highlight that this renewal will be very positive for the value of Adventus units over the coming 12 months.

 

In summary, this is welcome news as these are two very positive step for Adventus and the unitholders.

 

2020.02.05 – Adventus Realty Trust Business Updates

StoreWest Chestermere Self-Storage LP

by on February 10, 2020 with No Comments

2019 Winter Update

 

We’re pleased to report that this project has been going very well. The RV and boat storage portion of the business is now at 80% occupancy and the existing storage facility is at 40% occupancy and strongly trending in the right direction. Management went through a process this summer to better understand if expanding the storage facility would add value to the project. As a result of their findings, the decision has been made to significantly expand the facility in 2020. At current levels, the facility is profitable and the future looks exciting. Management has been approached by several groups interested in purchasing the property. The interest has been significant enough that they are planning to officially market the property in Q1 2020 and solicit offers.
We currently have the investment on your accounts valued at book value. It is safe to say that this understates the value of your investment.

Additional details are included in the below update from Management.

Chestermere 2019 H2 Update

5 Reasons for an RRSP

by on January 30, 2020 with No Comments

There are some great reasons to open a Registered Retirement Savings Plan (RRSP) to save for your retirement. Here are the top 5 reasons to open an RRSP:

 

Contributions are tax deductible

You can claim your RRSP contribution as a deduction on your tax return and even carry forward unused space to a future year where you may have a higher income. All of this combined means that your retirement savings pot can grow even faster.

 

Savings grow tax free

You won’t pay any tax on investment earnings as long as they stay in your RRSP. This tax-free compounding allows your savings to grow faster.

 

Convert RRSP to receive regular payments

You are able to convert the money saved in your RRSP into a RRIF or annuity when your time comes to retire. You’ll pay tax on the regular payments you receive each year- but if you’re in a lower tax bracket in retirement, you’ll pay less tax.

 

Spousal RRSP can reduce your combined tax

Reduce your combined tax burden. If you are married and you earn more money that your spouse, a spousal RRSP may benefit you as you can add to their tax-free savings to build a joint retirement income which is likely to mean that you pay less tax in the long run.

 

Borrow from RRSP to buy your first home or pay for your education

You can borrow money from your RRSP under certain conditions

 

If you want to buy your first home (Home Buyer’s Plan) or pay for your education (Lifelong Learning Plan), you can take out up to $35,000 (HBP) or $20,000 (LLP) respectively from your RRSP to fund it without paying tax on the withdrawals (providing that the money is paid back within the specified time).

Join our Team: Financial Planner

by on January 16, 2020 with No Comments

Meckelborg Financial Group Ltd (MFG) is a full-service boutique wealth management firm providing discretionary Portfolio Management, Financial Planning and Insurance to our high net-worth families, corporations, foundations and small institutions. MFG is growing and wanting to add a qualified Financial Planner to compliment our team.

Are you looking for an opportunity to work with a forward-thinking organization that continues to raise the bar and create differences in the industry? We are looking for someone who is driven, has an entrepreneurial spirit and is willing to collaborate as a team with a goal of providing the client with a delightful experience.

As a Financial Planner with MFG, you’ll be part of a team whose goal is to deliver solid financial advice and solutions to clients.

The role
• Provide tailor-made financial planning and solutions using retirement software to existing and new clients.
• Present these plans and assist in managing client relationships with ongoing financial planning expertise and services.
• Conduct regular reviews to provide ongoing advice and identify opportunities.
• Be part of the MFG Client Experience Division with the goal of keeping our clients delighted.

What you can expect in return
• Starting salary of $80,000 per year.
• An attractive bonus structure.
• Profit sharing of the company.
• Group benefits.
• A flexible work schedule based on client preference and your own work/life balance.

Skills needed to be successful in this role
• Post-secondary diploma or degree in a related field.
• Minimum 3 years of related experience.
• Financial Planning Designation (CFP or PFP, or equivalent)
• Completion of the CSC course or the will to complete within 6 months of hire.
• Proficiency in Financial Planning software, preferable FP Solutions.
• Networking Skills
• Ability to work in a team environment.

 

MFG’s passion is to make our business more Simple and Easy for our team members to do their jobs and for our clients to do business with us.

At MFG, our goal is to improve the lives of our clients, our team members and our families. We aim to continually improve our business, our team and ourselves so that we can serve and preform at higher levels in all facets or our lives, both personally and professionally, creating improved quality of life for everyone we touch.

 

update: position has been filled

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