When we found out about Peter McMurtry’s broad financial expertise and experience, we asked our former neighbor to help us transition our portfolio from mutual funds into exchange traded funds (ETFs) for the sole purpose of reducing ongoing management fees. We had looked into this on several earlier occasions, but the task seemed too daunting to tackle ourselves.
Peter started with quickly and efficiently reviewing our existing portfolio to ensure that any future transition into ETFs would not incur unexpected deferred sales charges or unrealized capital gains, something we would never have thought about doing ourselves. After this was done, Peter advised and coached us very effectively with the creation of our ETF portfolio and the selection of a reputable self-service broker.
Peter then guided us through the process of transferring our existing portfolio to the selected brokerage and came to our residence on more than one occasion to teach us the ins-and-outs of the brokerage websites and helped us make the initial ETF purchases on-line. Although we knew that the transition to the EFT portfolio would result in significant long term savings for us, we would never have completed this process without Peter’s help and encouragement.
As the result of the changes made with Peter’s invaluable help, we were able to minimize our ongoing management fees as well as eliminating the asset mix fee that our former advisor charged. This resulted in a substantial annual savings in the range of 1.5-2.5% of our overall capital invested. The exchange traded funds purchased all had at least similar (or better) return and risk characteristics than our mutual funds had.
Peter greatly helped us ensure that our retirement savings would last considerably longer and that our overall net worth was materially enhanced. And, as icing on the cake, he did this with a smile and patience. Thank you, Peter, we very much appreciate your work and the results.
Annelie and Hans Bergman, Kanata
Peter provided a very thorough review of my portfolio.
He’ll tell you that you’re overweight or underweight in a certain sector and the changes that need to be made.
He’ll dissect a mutual fund and show you other options for your money. He’ll even show you the time it takes to recoup the DSC on your mutual fund.
Peter’s not afraid to tell you what he prefers and likes. I recommend Peter if you require a portfolio review.
-Chris L., Winnipeg, MB
I have been following Peter McMurtry’s investment advice and asset mix suggestions for a number of years now, and as a result, my investment returns have improved significantly.
Before I met Peter, I was one of those investors that relied on my Financial Advisors to look after my portfolio and choose an asset mix that was going to produce a decent return. After a few years it became obvious that they were making fees from my portfolio, but I was barely breaking even.
What I found to be the difference in the advice that he was giving vs my Financial Advisors was that Peter not only recommended when to buy an investment, but also, when to sell it. This latter advice was rarely offered by my previous advisors. The stock market keeps changing as current events affect the world economy, and one needs to keep adjusting or tweaking one’s portfolio on a regular basis to stay ahead. Peter kept abreast of what was happening in the market place and made timely buy/sell suggestions.
I was glad to hear that Peter will be doing a newsletter as my portfolio has done well as a result of his advice in the past, and I look forward to his future suggestions.
-Gerard Paul Osika, MBA
During the time that Peter acted as our financial advisor, we found him to be very competent and well informed about the latest developments in business affairs and financial markets. Peter possesses great analytical and interpretive skills to determine the pros and cons of investing in good quality companies. In our opinion he has the right qualifications and personal insight to advise and help people to make sound decisions about their personal investments.
-Kind regards, John and Rolina ten Bruggenkate, Kingston, Ontario
Peter McMurtry was our financial advisor at Scotia McLeod and again at Guardian Capital when he moved there. We appreciated Peter’s intelligent and thoughtful approach to investing, and we did very well with our portfolio under his management.
We also had money invested that we managed ourselves. Peter was always helpful in giving us advice about equities in our self-directed portfolio.
Peter’s experience and success in the financial field will, I’m sure, be reflected in his investment newsletter.
-Carol and Gordon Ramer, Kingston
I am a former client of Peter McMurtry. Peter was very attentive and knowledgeable of the financial issues at hand. His recommendations were of great help.