SEPTEMBER | 2010
THE JOHNSON LEGACYBuilding REPORT Trust for Generations Thank You! In our April newsletter, we mentioned that we need your help. We need your help because we know there are a lot of really great families out there who are not getting what they need. Thank You to all of you who have introduced us to friends and family who were not receiving the service, performance, and/or advice they need. A recommendation from a client is one of the finest compliments we can receive. We greatly appreciate your continued trust and confidence in us and donâ€™t take that kind of trust lightly. Paul Johnson Financial Advisor 250-979-2748 firstname.lastname@example.org
Therefore, after careful introspection on our practice, we have set a goal over the next 12 months to grow our practice by 100 client families, just like you. Why 100? Because we feel by adding an average of 8 new client families per month, we can comfortably provide them our high level of service, without any loss in the quality of service that our existing clients expect and deserve. Suggestions: 1. When you are talking to someone you feel may need our services, feel free to share what you like about our approach to Wealth Management.
Lori Samuels Financial Advisor 250-979-2712 email@example.com
2. If they express an interest, ask if they would like to receive additional information about our services and direct them to our website www.johnsonlegacy.ca 3. With their approval, call or email us with their contact information. 4. We will contact them to arrange a meeting. Regardless of the outcome of our first meeting, anyone you introduce will receive the same respectful and professional treatment that you enjoy. If we determine there is not a good fit, we still want the first meeting to be of value to them, and we will make suggestions on where and how they can get what they need.
Jay Dowhaniuk Financial Advisor 250-979-2720 firstname.lastname@example.org
Raymond James Ltd. 500 - 1726 Dolphin Avenue Kelowna, BC V1Y 9R9 www.johnsonlegacy.ca
A recommendation from a client is one of the finest compliments we can receive
Johnson Legacy Rate Optimizer Program We at Johnson Legacy Wealth Management are very pleased to announce our Rate Optimizer Program. This program is designed to give you the highest deposit/fixed income rates possible for both your personal and/or your corporate accounts. Please visit our Rate Optimizer Program under our Products and Services section at www.johnsonlegacy.ca . One of the benefits of working with our group is we source the best fixed income rates from various financial institutions across Canada including two of the largest B.C. Credit Unions: Van City and Coast Capital Savings. It’s interesting to note that on November 27, 2008, the Provincial legislature passed amendments to the Financial Institutions Act to provide unlimited deposit insurance protection on all deposits in British Columbia’s Credit Unions. This unlimited deposit insurance applies to Credit Union deposits that are held at Raymond James as well. For your convenience we have included Frequently Asked Questions about our Rate Optimizer Program: Q.) What is it? A.) Our Rate Optimizer Program is designed to give you the highest deposit rates possible for both your personal and/or corporate accounts. Q.) How does it work? A.) Since Raymond James Ltd. is a fully independent firm and does not provide any of its own money market products, we have access to a number of Canadian Banks and/or Credit Unions, some of which are listed below:
Toronto Dominion Bank
Bank of Montreal
Vancity Credit Union
Canadian Western Bank
National Bank of Canada
Coast Capital Savings Credit Union
Royal Bank of Canada
All Guarantee Investment Certificates (GIC) purchased by us through a Canadian Bank are CDIC insured/guaranteed up to a maximum amount of $100,000. All Guarantee Investment Certificates (GIC) purchased by us through a Credit Union are CUDIC insured/guaranteed, by the Province of British Columbia, with NO Maximum Limit. Q.) How do I benefit? A.) Everyday Raymond James Ltd. secures the highest rates provided by each of the firms listed above. We then pass on these preferred rates to you. It also makes your life simpler by eliminating the need to have accounts spread around various banks in order to ensure you are getting the best rates possible and that your personal or corporate deposits are CDIC insured. We also provide you peace of mind knowing your deposits over $100,000, when placed in a Credit Union, are 100% BC Government guaranteed. There are zero commissions on any orders involving money market, GIC, T-Bill, or High Interest Savings Account products which mean you always get the best rate. One account, one statement, zero commissions, but access to the best rates provided by over ten different firms. Q.) Who is Vancity Credit Union? A.) Vancity Credit Union is Canada’s second oldest and largest Credit Union. Established in 1946, it has $14 Billion in assets and over 400,000 members.
Q.) Who is Coast Capital Savings Credit Union? A.) Coast Capital Savings is Canada’s second largest Credit Union. Established in 1940, Coast Capital Savings has 425,000 members and $13 Billion in assets. Q.) What is the Credit Union Deposit Insurance Corporation (CUDIC)? A.) CUDIC is a statutory corporation that guarantees all deposits and non-equity shares of British Columbia credit unions as set out in the Financial Institutions Act. More detailed information can be found by visiting http://www.cudicbc.ca/. Q.) How do I access my money? A.) We can ether issue a cheque or directly deposit monies into any Canadian Bank or Credit Union account. Cash can be deposited into your bank account the same day if instructions are received before 9:30am PST. For Cashable term deposits or cashable GIC’s, we require 48 hours notice before monies can be accessed. Q.) How do I sign up? 1.) Open an account. This can be done in as little as 24 hours and only needs to be done once. 2.) Deposit the funds to your Raymond James account by way of personal cheques, corporate cheques, wires transfers, or direct deposit through your internet banking. 3.) We will discuss rates with you over the phone or in person before placing your order. We will give you a call when your deposit matures to discuss current rates and/or other recommendations we may have. Q.) What else do you do? A.) At Johnson Legacy Wealth Management we offer a full range of Wealth Management products and services backed by one of the largest independent full service investment firms in North America and Canada. We have been helping families for over 40 years to preserve their wealth, earn income from it, grow it, and eventually pass it on to succeeding generations. Please give us a call or visit our website www.johnsonlegacy.ca to learn more information.
Market Update: Bank of Canada increases overnight rate target to 1 per cent. In its accompanying statement, the central bank noted that “global economic recovery is proceeding but remains uneven” and “economic recovery in Canada to be slightly more gradual than it had projected”. Going forward, the consensus among analysts is that rates may stay static for the next 6 months or so to see how the economy performs and determine whether further increases are warranted. The next scheduled date for announcing the overnight rate target is October 19, 2010.
Personal Update The Johnson Clan has been busy this summer. Daughter Erica Plater, son-in-law Chad and grandsons Owen and Seth have moved from Victoria to Cobble Hill. Erica accepted a counselling position at Shawnigan Lake School, and Chad will commute to continue running his Victoria-based landscape and construction business, Integral Design. Son-in-law Cory Furness (Laura’s husband) has accepted a great plumbing job in Yellowknife. If all goes well, Laura and the baby (due in January) will join him there when they’re able to travel. Daughter Kirsten Brown has a new job, too. She’s now a
sales consultant at Okanagan Hardwoods. Her husband, Scott is back teaching at KSS and son Keegan is starting French Kindergarten at Casorso Elementary. They’re not sure yet how their younger son, Griffin, is going to react when he finds out he can’t go with his brother....It’s always interesting..... As you may know Lori volunteers with the BC SPCA. The BC SPCA is a not-for-profit organization reliant on the support of the community. Each year the BC SPCA provides emergency medical care and sheltering for over 37,000 animals. On September 12th Lori will volunteer and participate in the annual Paws for a Cause walk for the animals to raise much needed funds for the care and protection of animals across the province. Jay and Brianne were in Vancouver over the long weekend attending a wedding. A big Thank You goes out to the grandparents who did a great job looking after Charley while they were away. Charley was kept very busy, going to the park and a day of swimming at the Johnson’s pool. Jay and Brianne have also been busy getting baby #2’s room ready. Brianne’s due date is Oct 13th.
Raymond James Ltd. ranks “Highest in Investor Satisfaction With Full Service Brokerage Firms in Canada, Two Years in a Row” in the J.D. Power and Associates 2010 study.* * Raymond James Ltd. received the highest numerical score among full service brokerage firms in the proprietary J.D. Power and Associates 2009-2010 Canadian Full Service Investor Satisfaction StudiesSM. 2010 study based on 6,486 total responses measuring 14 brokerage firms and measures opinions of investors who used full-service investment institutions. Proprietary study results are based on experiences and perceptions of consumers surveyed May 2010. Your experiences may vary. Visit jdpower.com.
Introductions are the nicest way to grow any business. If you have friends or family who could benefit from our services, we would be delighted to hear from you and we will gently follow up with them. Please call Paul, Lori or Jay at 250-979-2748 and we will take it from there. Thank you!
This newsletter has been prepared by Johnson Legacy Wealth Management team and expresses the opinions of the authors and not necessarily those of Raymond James Ltd. (RJL). Statistics and factual data and other information in this newsletter are from sources RJL believes to be reliable but their accuracy cannot be guaranteed. It is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. This newsletter is intended for distribution only in those jurisdictions where RJL and the author are registered. Securities-related products and services are offered through Raymond James Ltd., member CIPF. Financial planning and insurance products and services are offered through Raymond James Financial Planning Ltd., which is not a member CIPF. Privacy legislation requires that anyone you are referring consents to having his/her information provided to us.
Thank You! In our April newsletter, we mentioned that we need your help. We need your help because we know there are a lot of really great f...