Newsletters

December 2015

Season’s Greetings! This winter we would foremost like to wish all our clients a Happy 2016 New Year. A new year brings once again new opportunities and exciting new goals for us here at our office of HollisWealth, some of which we would like to share with you.

We have enclosed our Annual Skating Event invitation for anyone who is interested in coming out and sharing a fun family filled afternoon with your HollisWealth Team.

Tiffany Lewis

Tiffany continues to study hard for her IFC (Investment Funds Canada) course examination and is continuing her training through seminars, webinars and courses. Tiffany is also looking forward to completing the Life Qualifying Program in 2016 to achieve the goal of becoming a Licensed Assistant. As Roman’s assistant Tiffany continues to assist Roman and the office with coordination of our daily activies, reaching out to clients and further developing our relationships with fund companies and other associates.

Megan Garner

Megan has been working hard over the last 5 months to learn all there is to know about daily operations, HollisWealth and our wonderful clients. She has come a long way in a short time and is looking forward to 2016. Some daily and weekly tasks you can find Megan working on include daily transactions, annual review preparation, communicating with clients and fund companies, and running and analyzing reports.

Sarah Hardt

In addition to assisting daily operations in our office, Sarah Hardt has been working on several special projects to keep our branch in agreement with our Head Office’s Compliance Standards. On a personal note, Sarah and her Husband welcomed their third child Christmas Eve 2015 and will be spending 2016 nurturing this new life. We wish her and her family well and look forward to welcoming her back in January of 2017.

As a reminder client statements sent from our HollisWealth head office will now run quarterly. Clients should expect statements for March, June, September and December. Any statements, reviews or newsletters sent from our office here in Welland will remain on the same schedule. HollisWealth thanks for your understanding during this transition.

Also please note when booking your Annual Review with Roman we require 7-14 business days to properly prepare for your appointment. This ensures sufficient time in preparing everything needed for your appointment which includes a mailed Agenda covering all the items to be discussed and acted upon.

Tax Season

Another year of tax preparation is about to begin. Megan will be preparing Capital Gain/Loss Reports for client’s tax advisor for any account applicable. We thank you for your patience during this process as we prepare these reports. Please keep in mind that this can take time and we need at least 5 business days to properly prepare these reports for you and/or your tax advisor.

Please be advised the due date for RRSP contributions for 2016 will be February 29, 2016. If you are planning on making a contribution this year please contact our office as soon as possible to ensure this gets completed in time for this year’s deadline. We want to ensure you have a successful contribution in 2016!

TFSA Limit 2016

The 2016 TFSA limit is rolling back to $5,500.00 from the previous 2015 limit of $10,000.00. Remember, the TFSA contribution room carries forward annually automatically so there still is time to top up to $10,000.00 if the funds aren’t immediately available. Most people do not realize how much TFSA contribution room they actually have. Please confirm with your tax advisor for your actual limit, however we would be more than happy to assist you.

Growing technologically, professionally and personally

A major part of giving the best service to our clients is to make sure we are keeping up to date with new software and programs to ensure we remain proactive, current and dedicated to growth not only technically but professionally and personally as well. Recently within our office we have updated our Server along with the Operating System to Windows Small Business Server 2011 Essentials, Router has been updated with the latest firewall and all system files updated in order to stay current with latest technology and at the same time ensuring our client files and data remain safe and secure.

In March and April both Tiffany and Megan will be taking courses in Excel, PowerPoint & Word to better service our clients. Megan utilizing her passion for organizational skills will be updating branch manuals and reevaluating procedures in order to ensure consistent service by our team in 2016.

The week of January 18th, Roman will be attending the 10th Annual Year Ahead Conference in Key Biscayne, Florida. Here Roman will attend various seminars from Economic Outlook, Strategy outlook, Asset classes, Financial products just to name a few.

CRM2/Statement Changes

With your December 2015 statements (mailed January 2016 from the HollisWealth Head Office) you will find an insert that lists the changes to your statement. This correlates with the new CRM2 regulations designed to enahance your relationship with your advisor and to provide greater transparency regarding any fees you pay. The insert indicates where you may see charges to you if applicable. Should you have any questions or concerns regarding any of these changes, please do not hesitate to contact our office. In 2017, investors will receive a report showing, in dollar amounts, the money paid to dealers on the investor’s account during 2016. A separate report will tell investors how well their investments have performed in dollar terms and percentage terms over several time periods ending in 2016. Investors will receive these reports annually.

Tip of the Quarter: Did you know? Empower Others to Protect Yourself

As we get older it becomes more and more apparent that no matter how much we take care of ourselves and how much we try to avoid hardship, we cannot predict the possible obstacles that the future holds. By the age of 50, you have probably learned that even the best planned strategies need a back-up plan, especially when your loved ones are impacted. For example, what happens if you have a stroke, still able to take care of your physical needs but you find yourself spacing out mentally? This puts you in a vulnerable position to easily become taken advantage of by people targeting your savings. With no one empowered to act on your behalf, you could find yourself missing out on your whole life’s savings by no fault of your own. By the time this has happened, it is already too late, leaving you with little or no legal footing.

Here are some vital tips to take into consideration to protect you, your senior parents and family in the coming years.

  1. Your Will & Estate Plan – Make sure this is done as soon as possible to assure that you or your loved one is in good health to determine exactly where and how the assets will be passed.
  2. Power of Attorney – Find someone that is trust worthy to handle your account on your behalf? You should trust that this person will understand your wants/beliefs and will take your loved ones into consideration.
  3. A Living Will (advanced medical directive) – Assigning someone to take charge in case you find yourself totally or permanently incapacitated is vital. It is your life and you need to make it clear, in case of emergency, what type of health care treatment or support you would like to receive – and to what limits.
  4. Important Papers Packet – Put together all vital documents, including a comprehensive summery of your assets and benefits. This should have everything pertaining to your accounts and financial information included, such as your SIN number/card, insurance policies, medical alerts, physician information, health records, and titles or bills of any valuable property such land, automobiles or jewelry.

It is a daunting task dealing with the thought of something bad happening but by taking the time to properly plan out your ‘back up’ plan, you will be ensuring that you and/or your loved ones are protected when life becomes unpredictable.

Article by Steffany Gundling. Reprinted with permission from Senior Living Magazine, www.seniorlivingmag.com www.AgeFriendlyBusiness.com

© All Rights Reserved World-Wide. No reproduction in part or in whole is permitted without consent. Jennifer Legge, Newsletter Editor for Age-Friendly Business®, Jennifer@AgeFriendlyBusiness.com


“This newsletter was prepared by Roman A. Groch who is a registered representative of HollisWealth Advisory Services Inc. (a member of the Mutual Fund Dealers Association of Canada and the MFDA Investor Protection Corporation). This newsletter is not a publication of HollisWealth Advisory Services Inc. and the views and opinions, including any recommendations, expressed in this newsletter are those of Roman A. Groch alone and not those of HollisWealth Advisory Services Inc.

Investia Financial Services Inc. does not provide income tax preparation services nor does it supervise or review other persons who may provide such services.

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