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  • We can’t believe it’s been a year since we launched Canada’s first pay-for-performance investment model. We listened to investors over the years and the message was clear: Canadians are tired of paying high investment costs that aren’t tied to results. So we responded to the overwhelming overpriced asset management landscape with our Transcend platform. What… Read more »

    Retirement savings. The two dreaded words we’re all forced to embrace. No matter where you turn, another article promising the best retirement savings advice stares back at you. Do I invest? How much risk do I take? What if I want to pass on my money? There’s no cookie cutter formula out there that will… Read more »

    We’re finally in travel season. The last thing you want now amongst your wanderlust is a hard hit to your wallet. But a simple trip to the doctor’s office in a foreign country can eat away multiple paycheques. Whether you’re an ex-pat for work or a perpetual avid lover of travel (and even if you’re… Read more »

    Chris is Transcend’s President and the heart and soul behind the company. To say he’s passionate about revolutionizing fees in the investment industry is a gross understatement. “[I] believe that linking investment management fees to the quality of performance achieved is a good way to align our clients’ interests with ours, ensuring that we are… Read more »

    Ryan is our client expert, dealing with customers and investors on a daily basis, helping them reach their financial goals. He’s not afraid to roll up his sleeves and get down to business. Despite his busy schedule, he’s always smiling and, more importantly, making others smile. Read on for more about Ryan. What is your… Read more »

    Real estate or stocks – which can make you richer? Asking this is like asking whether a Bentley or Benz is a better option for you. There isn’t one correct answer, because it comes down to your personality, preference and style. But with Toronto’s electric housing market, this decision may be a cornerstone for many… Read more »

    In the age we’re in now, when you can DIY everything from your bathroom to your finances, DIY investing is on the rise. Like anything, without professional guidance, investing and self-managing wealth can be quite risky, especially when your future is at stake. Do-it-yourself mistakes are all too common, so we sat down with Transcend… Read more »

    The world’s first mutual fund can be dated back to 1774. These investments were backed by income from plantations and were an early version of today’s mortgage-backed securities. A lot has changed since then, and we’re faced with tons of choices of where to invest our money. Mutual funds might be ‘safe’, but not always… Read more »

    During this “Do It Yourself” era we’ve grown accustomed to working on professional-level tasks on our own, whether renovating our homes or fixing our electronics – what can’t you learn from a YouTube tutorial nowadays? The truth is, not everything can be learned with a 5 minute video, and just because you’ve dipped your toe… Read more »

    How many of us start the New Year off by setting goals? Odds are, that number is much larger than those who actually keep them. Why do we lose our determination? Sometimes a goal is so monumental, it requires smaller goals within the broader ideal to make it achievable. We are hoping – if you… Read more »

    When we look back at 2016, we see a year that baffled our expectations in many ways. Political events surprised nations and new market volatility setting back health care and financial sectors and propping up energy and material companies that show great growth and potential. Here is a recap of the year that was:  … Read more »

    Every year Canadians miss out on money in their pocket because of how confusing the Canadian tax system is. With rules, exceptions and hidden information overload, most of us have no idea the amount of everyday costs that can be claimed for tax credits and deductions every year during tax season. This month we talked… Read more »

    Before we dive into the differences between human advice and robo technology, you have to know that these two are not mutually exclusive…we like to think they can exist together as the best of both worlds. Having said that, the core of traditional practice-the professional human experience- won’t be going anywhere. Here are the main… Read more »

    In today’s cost-conscious world we’re inundated with messages about the lowest costs, the easiest options for convenience and the best value. Unless you have a background in finance, the investment industry can seem like a cloudy maze difficult to navigate. We’ve kept our eye on the markets, the news, and most importantly, investments. Here are… Read more »

    Improving our financial situation is something we can all relate to, whether you’re in your 20s, 30s, 40s, 50s or older. Whatever life stage, there’s likely certain milestones you want to achieve. One of the most effective ways to make it happen is to create a list of goals for the next 5-10 years. Committing… Read more »

    By now, we’ve all heard that the biggest intergenerational wealth transfer in history is underway. A whopping $750B will be inherited by Canadian baby-boomers aged 50-75. Inheriting a bunch of money at once can be a bit of a double-edged sword; you’re receiving a sum of money while also processing the loss of someone close.… Read more »

    June is Seniors’ Month and we think there’s no better time to break down exactly what you need to plan for a financially secure retirement. After years of working hard, don’t leave your golden years to chance. Here are some things to think about: 1.       Age doesn’t matter With a topic like retirement, you’d think… Read more »

    Aligning Interests
    May, 2016

    The term Pay-for-Performance™ was coined with the aim of improving the quality, efficiency and overall value of wealth management. This arrangement provides financial incentives to investment managers to achieve optimal results for clients. Some of the key factors to ensure the alignment of interest between clients and investment managers are set out here: There needs… Read more »

    Your taxes have been filed and you have received your tax return – now what? There are several ways you can be proactive with your tax return, which means you will be “working smarter and not harder” for your savings. Here are a few ways to stretch your money further. 1.    Invest in a Tax-Free… Read more »

    Low-paying jobs, mounting student loans and soaring housing prices is enough to make most young adults feel pessimistic about their financial future. But like most things in life, planning and taking action can make affording life’s milestones much less stressful. Adapting these not-so-secret (yet highly effective) practices will help develop the skills needed for successful… Read more »

    While it is sad to say, there is always some sort of crisis cropping up around the world and more often than not they can lead to fear as investors become overly pessimistic. Such crises inevitably lead to panic selling and selling into a panic is always a bad idea. In fact, the panic lows… Read more »

    The Bank of Canada (BOC) has just implemented its first interest rate hike since 2010 which means a lot of investors are grabbing their crystal balls trying to forecast the future course of the stock market. Historically there has been a strong inverse relationship between interest rates and stock prices. Specifically, when interest rates rise… Read more »

    Typically, commodity prices go through longer bear market cycles compared to bull market cycles while the opposite is usually true for stock prices. While Canadian equity markets are slightly off the record highs set in February 2017, commodities, relatively speaking, are dirt cheap. In fact, they are basically the cheapest they have been since the… Read more »

    Stock investors often hear about “sell in May and go away” around this time of year. It implies that investors should sell their stocks in early May and buy them back in late October at a lower price. Since 1968 the S&P/TSX Index has risen an average of 8.0% (including dividends) from November to April… Read more »

    Finding Income
    May, 2017

    Finding Income May 2017 It is very difficult for clients to earn a steady income these days while short-term interest rates hover near 60-year lows. Couple this with the fact that the average client has an aversion to investing in long-term bonds because of the belief that higher interest rates are on the horizon, it… Read more »

    Stock markets have been getting a little choppy lately. Is it time to panic? Investors understand that market  fluctuations are part of stock market investing but they are nevertheless scary.  Investing in stocks is hard and to earn superior rewards you need to take  risks. Unfortunately, returns never come smoothly, there are ups and downs.… Read more »

    Why are investors still waiting for a correction? Some investors would like to see a pullback to cool off the  white hot equity markets, but they may have to wait a little longer.  This is because  without a yield curve inversion there will be no correction. This mantra remains as  true today as it did… Read more »

    Investing’s Unicorn
    February, 2017

    All investors want to have their cake and eat it too but you can’t have it both ways. It’s similar to clients who seek high returns with no risk. However, like unicorns, they do not really exist. It’s not an either/or, zero-sum situation, but more like a balancing scale. A well diversified and structured portfolio… Read more »

    Many people say there are no certainties in life; except for death, taxes, and the Toronto Maple Leafs not winning the Stanley Cup. When it comes to portfolio management, investment decisions are not made based on certainties but rather probabilities. We cannot make decisions based on what will happen since it is impossible to know… Read more »

    Is Passive Now Passé?
    December, 2016

    Time after time the story seems to be the same, active investment management on average does not beat its benchmark. This is generally true, especially in instances where the impact of fees is severe or a host of other reasons that have been well documented. However, leaving the issue of fees aside for the moment,… Read more »

    The Canadian stock market rally has been going on (in reality off and on) since March 2009. Stock prices have increased by more than 125% and it appears that some momentum remains. Should we be celebrating? There is certainly a strong bullish case to be made because in 74% of all market declines going back… Read more »

    Many investors do not see much for the future prospects for stocks. Of course, the same was being said of the market in early 2009 when the world was thought to be on the edge of financial ruin. The reality was that the first part of 2009 may turn out to have been one of… Read more »

    Pushing on a String
    September, 2016

    For some, desperate times will lead to desperate and somewhat speculative measures. After years of low interest rates have led to limited success in achieving meaningful economic growth, more central banks have recognized that this mechanism is not working. So whether it is insanity, impotence or desperation, a growing number of countries have slashed interest… Read more »

    Bargain Hunting
    September, 2016

    The financial markets are producing very few bargains these days for investors. Everybody likes a bargain but with current valuations across the financial markets ranging from fair to very expensive, the keys to success are in choosing the right entry point and the best securities. Investors are forever searching for cheap securities; unfortunately not all… Read more »

    There is an old story about a visitor to New York who is admiring the yachts belonging to the bankers and stock brokers and innocently asks ‘Where are the customers’ yachts?’ Apparently there were none since the clients could not afford them because of the high banking and stock brokerage fees they were paying, along… Read more »

    Most investors know that passive Exchange Traded Funds (ETFs) are low cost investment vehicles, correct? Well, almost right! Passive ETFs are designed to track a benchmark index or market at a low cost. ETFs may be relatively cheap from a Management Expense Ratio (MER) perspective but the costs don’t stop there. Putting aside the negative… Read more »

    Golden Cross
    May, 2016

    Canadian equities appear to have entered into a new stealth bull market with a cyclical rally apparently having begun on April 28, 2016. The potential reasons for this occurring are as wide and varied as the pundits’ opinions on whether or not there is a new bull market. Of course this is what makes a… Read more »

    Dramatic and sudden declines in stock markets are both rare and painful initially. Many times they are the final straw for quite a few investors who decide it is time to throw in the towel and head for the sidelines. However, investors should keep in mind that this is likely not the onset of a… Read more »

    Escape Velocity
    March, 2016

    Something very rare occurred on February the 12th, 16th and 17th as the S&P/TSX stock market index gained more than 1.4% per day for three consecutive days. Since 1980 this has only happened nine other times. The interesting aspect is that it has historically triggered an extraordinarily large surge in the value of stock prices in each… Read more »

    Bottom Fishing
    February, 2016

    History has a way of repeating itself and it might be about to deliver a welcome relief from the Canadian stock market turmoil in the form of a turning point in what has been a one-sided slide since mid-April of 2015. Investors who are fearful should keep in mind what legendary long term investor Warren… Read more »

    How do you motivate people? Countless studies have indicated the same basic fact: people are not usually motivated by money alone. Of course everyone needs money to sustain their lifestyle and plan for the future, but it is often other factors that compel employees to come in each day and do good work to help… Read more »

    Repel the Robo Horde
    March, 2017

    The investment industry continues to experience seismic shifts that do not appear to be abating any time soon. Besides the seemingly never-ending onslaught of compliance macerations, we have the evolving battle between active and passive investment management.   Also, advisors are increasingly competing with a new and emerging adversary – robo advisors, the “next” devourer of… Read more »

    Many advisors are finding that robo advisors and internet technology are disrupting the investment industry but technology can also be used to strengthen client relationships and help make better decisions. It is important that traditional advisors know that robo advisors have their weaknesses and the appropriate use of existing technology can help with finding and… Read more »

      No! Not if (and this is a big if) clients receive value for their money. Value in this instance is defined as “the cost of something” and the key word is “cost” because the fee paid to own investments is not the end of the story. It is actually the starting point. t is… Read more »

    Time waits for no one (or service). Change is inevitable for both people as well as business. The wealth management industry is striving for greater efficiency, while an explosion of regulatory adaptation is forcing change, and the wealth transfer from baby boomers to younger generations is about to become a tsunami across the land. The… Read more »

    Managing wealth has evolved beyond investment management. Advisors must provide greater value to their clients to justify their fees or else risk losing business to lower-cost competitors. For clients, the question becomes how do you choose money managers? Four key principles for selecting money managers: Portfolio: Does the manager have a philosophy that is entrenched… Read more »

    How Advisors Deliver Value
    September, 2015

    While improving, there is substantial evidence that Canadians on average tend to have low financial literacy. Many are struggling with creating sufficient wealth for a secure retirement. These struggles lead many to fear their financial outlook and suffer tremendous stress and anxiety in their lives. Financial advisers play an important role with helping individuals make… Read more »

    Overcoming Inertia
    June, 2015

    The law of inertia naturally predisposes us to resist change. Many people are aware of the advantages of having a physical financial plan as a roadmap for their future yet inertia prevents them from doing something about it. So here are some tricks you can use to overcome it. Shock yourself into action When you… Read more »

    Asset allocation is the foundation of every portfolio and is generally considered to be the most important of all investment decisions. As each asset class, such as stocks and bonds, offer a trade-off between risk and return.  The objective is to balance the need for acceptable returns with exposure to the appropriate level of risk.… Read more »

    It is now six years since the beginning of the 2008 global financial crisis and one of the many casualties of that difficult time has been the damage done to investors’ perceptions of the integrity of the investment management industry. While Canada has fared better than many other countries, the headlines of global investment bank… Read more »

    Taxes are painful for everyone. Most high net worth investors are only too happy to wave goodbye to tax time every year. Gathering all of the investment income slips can be a chore, although the real pain lies in preparing the return and paying the taxes. Complicating this ordeal is the fact that many affluent… Read more »

    Given all the recent media attention it seems like those of us that are considered U.S. persons living in Canada have a target right in the middle of our forehead.  The IRS has taken to task the lucrative activity of pursuing U.S. persons living outside of America to ensure that they are paying their fair… Read more »

    Investors’ requirement for simplicity, transparency and personalized service are dictating that investment services must now include a comprehensive plan. Investors want solutions that are holistic in approach, including tailored advice and aggressive risk management that offers peace of mind. They want choice and convenience without sacrificing results. Unified Managed Households are a new form of… Read more »

    More and more clients are taking their money and going home or at least seeking second opinions. Given the events of the past decade and a half, this should come as no surprise as investors have seen two equity collapses in 2000 and 2008. Even now, with stock markets meaningfully off their bottoms and many… Read more »

    Investors in Motion
    September, 2013

    Eventually a tipping point will be reached when existing “status quo” investors see the light and demand a new approach. Eventually, investors will do their homework and compare the service they are currently receiving with that of other providers. Some investors are “manager junkies,” who are mesmerized by money managers and believe that selecting great… Read more »

    Investors are understandably nervous these days thanks to the relentless bad news emanating out of Europe and, to a lesser extent, from the U.S. (not to mention having gone through two significant market drops in the last dozen years).  Many clients are looking for solutions that will dampen volatility, improve investment returns and avoid the… Read more »

    Fog, Smog and Bog
    March, 2013

    The majority of the financial services industry has reached a level of parity for available products, with the bulk of the industry becoming a predictable cliché. Any investor can walk into an advisor’s office, bank or even a local insurance agency and have access to a similar range of products. Compounding this situation is the… Read more »

    Looking to the Future
    December, 2012

    Year-end tends to be a time of reflection as investors look back and think about what worked for them and consider what investment trends and practices are likely to continue going forward. In the aftermath of the lingering financial crisis there is an increasing focus on risk management and transparency. Exchange Traded Funds (ETFs) and… Read more »

    Emerging markets will arguably be the growth engine of the future. Many factors favour that view; after all these nations seem to exhibit the right components of sustainable economic prosperity such as double digit growth rates, exploding populations and in some cases vast natural resources. Many fund managers at a recent Reuters financial conference considered… Read more »

    Advisors are faced with many issues these days such as increased due diligence on investment products, finding alpha producing investments at a time of slow economic growth, adapting to an ever changing regulatory environment and improving back office efficiencies, all while providing holistic financial advice to clients. For most clients this is simply background noise.… Read more »

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Whatever your situation and ambitions, we tailor our services to meet your requirements. As your priorities change, so will the composition of the team that looks after your financial affairs.

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