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17.VictoriaChamberAd2 2017-09-25 12:07 PM Page 1 O DLU MB R OWN.COM

Odlum Brown clients benefit from independent, unbiased advice. Odlum Brown Model Portfolio vs S&P/TSX Total Return Index (June 2008 - September 2017)1

162% 33% Odlum Brown Model Portfolio

S&P/TSX Total Return Index

Returns are from June 18, 2008 to September 15, 2017. The Odlum Brown Model Portfolio was established by the Research Department in December 1994, with a hypothetical investment of $250,000. These are gross figures before fees. Past performance is not indicative of future performance. Trades are made using the closing price on the day a change is announced.

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If you invested $1 million in the stocks held in the hypothetical Odlum Brown Model Portfolio1 at the peak of the Canadian stock market in June 2008, prior to the credit crisis, your holdings would be worth $2.62 million today. Your $1 million investment in a portfolio that replicated the performance of the S&P/TSX Total Return Index would be worth only $1.33 million. For over 94 years, Odlum Brown Limited has been one of BC’s most respected investment firms, thanks to the vision of our founders, the passion and dedication of our employees, and the trust and loyalty of our valued clients. Contact Branch Manager Peter Jando at 250-952-7777 to learn more. Visit odlumbrown.com for more information.

Member-Canadian Investor Protection Fund

mentors to help us manage growth, innovation and cash flow.” “As an industry, we have learned what is needed to support start-ups with access to funding, and knowledge provided from incubators and accelerators like VIATEC,” says Chris. “As these start-ups grow or get acquired we are starting to figure out that Victoria is a part of our success and we don’t have to move to San Francisco to set our sights globally.” For example, Swedish-based Bambora acquired Victoria-grown Beanstream in 2015 to operate as their North American hub for customers in the region. Since the acquisition, there has been a 41 percent growth in the number of staff, but Beanstream maintains their start-up culture as it evolves from a traditional Canadian fintech company to a global-minded business.

As an industry, we have learned what is needed to support start-ups with access to funding, and knowledge provided from incubators and accelerators like VIATEC. As these start-ups grow or get acquired we are starting to figure out that Victoria is a part of our success and we don’t have to move to San Francisco to set our sights globally. — Chris Koide, Bambora. Growing tech companies choosing to stay in Greater Victoria is great for our local economy as their average wages are very high compared to the average wage in the region currently. According to B.C. Stats in 2015, average weekly earnings of high tech employees were $1,590 per week, compared to just $910 for the average B.C. worker. “With their higher income, tech sector employees have the ability to contribute to Greater Victoria’s overall economy through spending money at local restaurants and stores,” says Dan. As tech companies continue to grow and put down firm roots in Victoria it benefits everyone.

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BUSINESSMATTERS | November 2017

Profile for Greater Victoria Chamber of Commerce

Business Matters November 2017  

Business Matters November 2017