Change is Coming – Always Improving

by on February 7, 2024 with No Comments

At MFG, our Mission Statement is to be “Always improving”. Over the past 15 months, we have been refining the process of how we can better deliver our investment platform to our clients. Utilizing partnerships and data collected over the years, we’ve come up with a solution that we believe will improve our investment platform and improve our clients overall experience with MFG.

What is Changing?

We are transitioning to an investment model platform. Working with your Portfolio Manager, it will be determined which model is appropriate for you. Once this has been determined, you will own one or more of the new MFG Investment Models – Aggressive, Growth, and/or Balanced. These new Model Funds are built using the best investment managers and strategies that our team has researched. The platform utilizes the same investment philosophies of delivering an institutional quality portfolio to our clients.

The Benefits to our Clients

1. Increased Performance

    – Via enhanced portfolio construction and efficient management capabilities

2. Time spent with your Portfolio Manager

   – Spend more time focusing on other value add areas of your financial lives – IE: financial planning, insurance analysis, tax work, etc.

3. Communication will be improved through detailed Quarterly Reports

   – These reports will include facts about the Model Fund, general market commentary and additional information that our PM Division finds relevant to our clients

 

When to Expect the Change – April 1st, 2024

We are very excited to be able to deliver this new and improved platform to our clients. There has been a lot of work put in by our team to get us to this point. As we approach April 1st, you can expect to receive multiple communication pieces from our team diving into deeper details on the upcoming changes. If you have any questions on the upcoming change and what it might look like for you personally, please don’t hesitate to reach out to your MFG Portfolio Manager.

We want to thank you for your continued trust and support of MFG. Without you, none of this would be possible.

Stay tuned.

 

PDF Version

Chestermere Winter/Spring Self-Storage LP Update

by on May 10, 2022 with No Comments

Operational Update

 

Leasing up a storage facility during winter months is a bit out of the norm. We were very happy to see this trend continue while also having 11 people on the waiting list for larger units, which will help with our lease up once our expansion is complete.

 

 

Financial Update

We have completed our 2021 year end and T5013s were sent to all investors at the end of March. 2021 was a great growth year for Chestermere and we ended the year at 69.9% storage occupancy with total revenues of $875,903. This represents a 47.42% increase in revenue YoY from our 2020 total of $594,161. Excluding amortization, Chestermere was profitable in 2021 – a very significant step for the LP.

 

 

As, you can see from the above YTD management reports, 2022 continues to show growth. The first quarter is typically very slow for storage, but revenue has continued to grow and occupancy as well. Chestermere is currently over 80% occupied!

 “Summer 2021 appraisal (after expansion) – Colliers $20,140,00 with roughly $8M in debt on property”

 

  • Our main goal in 2022 is to complete the planned expansion for Chestermere. Management believes the additional space will maximize revenue and position Chestermere for a potential exit in 2023

 

  • Phase 2 is expected to add ~28,000 Sq Ft net rentable and over $700,000 in gross annual revenue potential

Dufferin LP Winter/Spring Update

by on May 9, 2022 with No Comments

Car and Truck Wash Update

 

  • As mentioned previously, 2021 saw a substantial retrofit for the wash which was necessary to set GWD up for long term success

 

  • Gross revenue in 2021 was $2,177,358 vs. $1,771,220 in 2020. This represents a 23% YoY increase despite Dufferin being down 1 truck bay most of the year and lingering COVID issues

 

  • In 2022 we continue to improve the wash. Projects include adding side blasters to our express tunnel to improve wash quality while reducing prep time; adding a new injection system which will reduce our chemical use by over 25%; and adding foam cannons to our other two truck bays as they are much in demand

 

  • The hard work has been paying off with Q1 revenues coming in just over $750,000 (a 30% YoY increase from Q1 last year) with an estimated EBITDA of ~$270,000

 

Our main focus for the remainder of 2022 will be continuing to grow our Shark Club members along with B2B revenue while reducing costs

 

 

Self-Storage Update

 

Dufferin Storage had a strong 2021, finishing the year at ~40% occupancy and operational break even. This is exceptional for a storage asset to achieve in less than 1.5 years.

This strong lease up trend continues in 2022. Dufferin is currently at 45.6% occupancy after an exceptional Q1. Although official targets are lower, management and our facility manager Bluebird have set a stretch goal of 60% occupancy for year end.

Revenues continue to increase and Dufferin Storage is now starting to eat into its debt coverage – a very promising sign. Management believes that full profitability is achievable by year end if Dufferin continues its strong lease up trend.

 

Financial Update

Management completed the 2021 year end and audit for Dufferin LP in April of this year. The audit is being sent out to all investors and an AGM will be scheduled for later this spring.

Our goals for 2022 are to focus on membership growth and profitability for Dufferin Wash, to achieve 60% occupancy and full break even for Dufferin Storage, and to hopefully be able to begin distributions to investors by the end of 2022.

 

Aviation Car Wash LP Update

by on April 6, 2022 with No Comments

Grand Opening Update

 

  • Our Grand Opening was held on February 11th
  • Very successful ribbon cuttings’ with various political leaders as well as the Airport Authority
  • Soft opening commenced Feb 14th
  • Purpose of soft openings is to make sure all staff is well trained as well as the equipment is all installed correctly

 

Soft opening was very well received by the public!

 

Shark Week- Highlights

  • 10 Free Days of Washes
  • Over 5000 free washes
  • Close to 500 Memberships were sold
  • Last day of event we processed over 800 cars

*Over 1000 members to date

 

From all of us, thank-you for being part of this great journey

 

 

Travel Insurance – MFG

by on February 16, 2022 with No Comments

 

Stress-free travel insurance plans

Travel with peace of mind. When you choose travel insurance from Saskatchewan Blue Cross and MFG, you can rest assured that your needs will be taken care of in a medical emergency.

Contact us today for your quote 306-933-9993 or insurance@mfgltd.com

 

 

Plan Options:

Annual Plan

Extension Plan

Individual Plan

VIP

 

Covid Details

Insurance Division Giveaway

by on April 1, 2021 with No Comments

 

Our insurance division is running a contest for the month of April. CONTEST CLOSED: Winner has been announced April 29, 2021 on our social media. Thank you to all who participated in our contest.

 

Grand Prize:

Two night Staycation at your local Alt/Germain Hotel with a dinner or breakfast on us!*
Four Weekly Prizes: to be showcased on our social media pages

 

How to Enter:

Run a personal insurance quote on our website: Insurance | Meckelborg Financial Group (mfgltd.com)  under the “get a quote” section to be eligible. Be sure to include your full name and email address, limit one entry per person per week*. You will be entered to win that weeks prize as well as the Grand Prize Staycation. Contest is starting April 5th 2021, with the winner being drawn on April 29th, 2021.

 

For Additional Entries:

• Like & follow both of MFG’s Instagram and Facebook pages
• Share and tag us in this post on both Instagram and Facebook
• Tag 3 friends

 

Official Site | Alt Hotel Saskatoon (germainhotels.com)

*up to a maximum of $500.00 for a two night stay, $50.00 for dinner/breakfast

*eligibility will be based off legitimacy of insurance quotes

Northpoint Global Partners Fund – Financial Statements

by on April 1, 2021 with No Comments

 

Please click on the below link to view the 2020 Northpoint Global Partners Fund Financial Statements.

 

2020 Northpoint Global Partners Fund

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