The Most Important Role of a Wealth Advisor
Is it feeling like Spring yet?
In today’s email:
- A global market update that you don’t want to miss.
- You might not have all your tax slips, here’s when they’re heading your way.
- The Wealth Management Essentials course says this is the more important role of a Wealth Advisor — do you agree?
- Tesla was down only a little this week, which means most markets must have been up.
CHPW Update
We’re going live with Watermark Private Portfolio P.M., Ian Goodman today. The link and details are below. With all the uncertainty in the markets, we wanted to hop on a call with the person who looks at the big picture. If you have any questions for Ian, please email me (Here) and we’ll be sure to address them in our conversation.
Here are the details:
Today, March 25 at 5:30PM EST
We also wanted to remind you that you may still be waiting on tax slips, so to avoid having to resubmit your slips you should hold off filing until April. Fund companies have until March 31 to send out the slips, which are sent by mail. If you want to file during the first week of April and haven’t received all your slips, please reach out to us and we will send out a soft copy.
The Scoop
Adrian and I just wrapped up the Wealth Management Essentials course, and there was one line that really stuck with us: the most important role of a Wealth Advisor is to protect their client’s wealth.
At first glance, it might seem like a simple statement—but in today’s fast-paced, headline-chasing investment world, it’s a critically important reminder.
Too often, investors get caught up in the pursuit of gains—trying to time the markets, jump on the next hot trend, or beat benchmarks every quarter. But real wealth—the kind that builds legacies, supports families, and funds retirements—doesn’t just come from high returns. It comes from not losing when others do. It’s protected, thoughtfully managed, and built to last.
That’s why protecting wealth matters more than chasing it. Because gains come and go—but losses, especially at the wrong time, can be incredibly hard to recover from. Sequence of returns risk, emotional decision-making during market downturns, and overexposure to public equities are just a few of the common pitfalls.
Fortunately, we have tools today that weren’t widely available to retail investors even a decade ago. Alternatives like Private Equity, Private Credit, and Infrastructure can offer stability and strong risk-adjusted returns without the daily whiplash of public markets. These asset classes tend to move differently than stocks and bonds, providing diversification when it’s needed most.
What are you looking at in this chart? J.P.Morgan has ran an analysis of adding 20% of Alternatives to the more ‘traditional’ portfolios. In each case (conservative, moderate, and aggressive risk profiles), the volatility has been minimized and overall returns have increased.
This philosophy of protecting first—before chasing growth—is something we take to heart. At Cherry Hill Private Wealth, we’ve structured our portfolios with this in mind, drawing inspiration from major pension plans like the CPP, OTPP, and the Yale Endowment. They’ve consistently shown that a disciplined, diversified, and patient approach can outperform in the long run—not by swinging for the fences, but by staying in the game.
The markets will always have their ups and downs. Our job is to help you thrive during both.
Market Minute
This past week, markets were mixed globally, influenced by varying economic signals and sector-specific news. Investors balanced optimism from tech advancements with ongoing macroeconomic concerns.
Canada:
The TSX ended the week slightly down (-0.6%) as energy and financial sectors softened. Banks continued to navigate the shifting landscape of lower interest rates, which have pressured margins. Notably, Shopify bucked the trend, reflecting optimism around tech and growth-oriented stocks.
United States:
U.S. markets were mixed, with the S&P 500 up slightly (+0.4%) and the Nasdaq posting stronger gains (+1.2%) driven by tech and AI optimism. Apple (+3%) and NVIDIA (+5%) led the charge after upbeat analyst expectations on earnings and AI demand. Meanwhile, the Dow Jones was relatively flat, impacted by subdued performance in traditional sectors like industrials and consumer staples.
Global:
European markets showed resilience despite ongoing geopolitical tensions, with the FTSE 100 (+0.7%) and DAX (+1.1%) rising on stronger-than-expected economic data from Germany. Asian markets faced headwinds as China’s slowdown continues to weigh on sentiment. Japan’s Nikkei, however, gained modestly (+0.9%) as investors anticipated further stimulus from the Bank of Japan.
Trends to Watch This Week
- U.S. Inflation Data: Markets will closely watch the upcoming inflation figures to gauge the Federal Reserve’s next move, potentially impacting rate-sensitive sectors.
- Canadian Housing Market: Continued softening in real estate prices could influence broader economic sentiment and consumer spending.
- Tech Earnings: Major tech companies report earnings this week, with significant implications for the broader market direction.
Markets globally remain cautious yet optimistic, buoyed by tech sector enthusiasm but tempered by uncertainty around economic data and geopolitical developments. Key data points this week will further clarify market direction.
Final Thought
This rollercoaster ride that we’re on doesn’t seem like it’s slowing down anytime soon. A ‘snap’ election in Ontario recently and now a new PM has called a similar election at the Federal level. And that’s just Canadian news. We are still under the threat of U.S. tariffs and annexation threats. On a global scale, fighting still on-going in the Middle East and Ukraine. It feels like a very unique time in the world. With everything that is happening, we have asked the Watermark Private Portfolio P.M. to join us today for a conversation. I encourage you to join us and pass along the invite to friends and family that would benefit from a rational voice during all this chaos. We are still taking any questions you might have for Ian throughout the day, so send us a quick message — we’d love to hear from you!
Until next time, stay informed and strategically invested!
Trevor
