Receiving an inheritance can be an emotional, life-changing experience that presents both new opportunities and challenges. Many people who inherit large sums feel a deep sense of responsibility to protect and properly manage the money—and do right by the loved ones who earned it. “I watched my parents work night and day to grow their wealth,” says a Newport client who inherited a large estate. “I was determined to protect it.” This two-part blog ser

Divorce can be complex, especially with significant wealth. Learn key steps to protect your financial, legal, and emotional well-being during this transition.

In the second half of our interview with renowned economist Maureen Farrow, we discuss the topic of women’s financial empowerment. This year’s International Women’s Day theme is #ChooseToChallenge, a call to women the world over to confront and overcome gender bias in all walks of life. As Farrow points out, one of the keys to breaking down gender barriers and promoting women’s financial independence is ensuring they have the education and

You have a substantial asset base, varied sources of income and multiple financial structures – which means you also have greater complexity in your life. It probably didn’t happen overnight. The complexity may have crept up on you as your income and wealth have grown. This is a nice problem to have, but when you no longer have the time to give the needed attention to your financial affairs, well…as one client put it, “Inaction has a cost.” Below are

If there was a time for high-net worth Canadians to reflect, take stock of their wealth and tick key items off their year-end financial checklist, this would be it. Adapting your financial strategy—taking into account the developments of the past year—is as important as ever, despite the social distancing measures in place that may make consulting with your advisors more challenging. Use our year-end checklist to help mitigate your tax burden, better

As a self-described workaholic, “Rick”—a Newport client—had no intention of departing his successful retail business and making the transition into retirement. Quite the opposite, in fact. “I worked all the time and didn’t have any hobbies,” he recalls. “I loved what I did and thought that I’d work well into my 70s.” Many high net-worth Canadians—including both entrepreneurs and senior business leaders—find themselves in a similar position. Their wor