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    Future looks bright for Vision Critical

    Rarely do we write about specific investments in this blog, however, a recent post by Wellington Financial about one of our private investments caught our attention and we thought to share it with our readers.

    Vision Critical’s $10.5M secondary clears the deck for potential IPO.

    Vision Critical is a fast-growing Canadian tech company that has become a major player in global market research solutions. The company was founded in 2000 by noted entrepreneur, Dr. Angus Reid (former founder of Angus Reid Group, Canada’s largest research and polling group) and his son, Andrew Reid.

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    Gluskin Sheff, a pioneer among independent money managers

    The investment industry is a highly-competitive business but it is also one that celebrates success. Today we tip our hats to two of Canada’s most successful money managers: Ira Gluskin and Gerald Sheff who announced yesterday they were selling their controlling interest in the wealth management firm they founded in 1984, Gluskin Sheff and Associates through a bought deal with a syndicate of underwriters.

    As friendly competitors, we have long respected the firm’s pioneering spirit and independent viewpoint – often expressed through Ira Gluskin’s always amusing and insightful commentaries.

    Gluskin Sheff helped pave the way for other large independent wealth management firms like Newport Private Wealth to grow and prosper by providing high net worth clients with an exclusive, service-first alternative to the offerings of the big banks.

    We salute you gentlemen and thank you for your service to our industry.

    Passing wealth on now, later, ever?

    Today’s Globe & Mail High Net Worth section featured Newport Private Wealth in a piece by journalist Paul Brent entitled Don’t let your money spoil the kids.

    It deals with the issues, desires, opportunities and complications of wealthy baby boomers assisting their offspring financially — a subject that’s near and dear to our hearts and on which several of our colleagues have blogged. You can also read David Lloyd’s post on Catalyst Funding and Kevin Dean’s Engaging the Next Generation.

    For high net worth families concerned about preparing the next generation for responsible wealth management, remember that we offer an educational program for young adults, NextWave. Contact Caitlin Lloyd or Kevin Dean to learn more.

    Wealth in the Royal Family

    Source: WealthX

    With ‘jubilee fever’ running high these days, Britain’s Royal Family is once again the subject of public fascination (or, perhaps to republicans, repudiation).

    But leave the bunting and pageantry to others, I was interested to read the latest estimates of the net worth of the royal family as released yesterday by WealthX, a global market intelligence firm for the wealth industry.

    Of the top 14 adult royal family members, it was no surprise who topped the list: Her Majesty Elizabeth II has an estimated net worth of at least $510 million. Interesting though, this places her well down the list of the world’s wealthiest women – with the top five all having more than $13 billion according to a separate report released by WealthX.

    In fact, only five members of the Royal Family are what WealthX defines as “ultra high net worth” having more than $30 million. Young Prince William, the Duke of Cambridge, doesn’t make the cut. His fortune was estimated at a modest $19 million.

    According to WealthX CEO, Mykolas Rambus, “The fact that the combined wealth of the top 14 members only reached US$1 billion reflects what has been suspected for some time: that new wealth is overtaking old wealth in Britain.”

    And throughout the world no doubt…

    Newport Partners among top 20 Private Banks in Canada

    Euromoney magazine released the results of its annual global private banking survey.

    We’re pleased to have made the top 20 in Canada list again this year.


    The Euromoney survey consists of a two-part on-line questionnaire measuring growth performance and ratings by peers at competitive and non-competitive firms.  More than 1,300 people participated worldwide representing $6.8 trillion of assets under management.

    It’s great to see the addition of some new names to the list – good independent firms — that add to the mix of large Canadian and global institutions.

    Overall I think Canadians are very well served and have a high quality selection of financial advisory firms to choose from. The challenge of course is in finding the one that’s right for you. So if you happen to be in the market, here are some things to consider when hiring an investment advisor.