2016

Key steps to mentorship success
Investment Executive, October 31, 2016

Dedicating blocks of time specifically for the purpose of mentoring and away from the day-to-day hustle of meeting with clients is important to reassess objectives and determine if goals are being met, says Steve Sebag, a private wealth counsellor in Montreal with Pavilion Investment House, a division of Pavilion Advisory Group Ltd.


For ETF providers, penetrating target-date fund market a challenge
Investment News, September 23, 2016

“Jennifer Flodin, Chicago-based DC practice leader and senior consultant for Plan Sponsor Advisors, a division of Pavilion Advisory Group Inc., hasn’t heard requests for ETFs as core investments or white-label investments. “I don’t see the benefit of doing this in defined contribution plans at this point,” said Ms. Flodin, whose DC clients hold assets ranging from $20 million to $8 billion.”


DC Plan Risk, and How to Manage it
Institutional Investor, July 7, 2016

Institutional Investor, July 7, 2016 – Determining the plan design structure inclusive of auto features and whether or not to offer a Roth 401(k) option are examples of decisions that need to be made thoughtfully, taking participant demographics into account, says Flodin. Dimilarly, education all too is not tailored to participants’ level of financial literacy. “Consider an approach that talks about overall financial wellness instead of stale large-vs.-small-cap discussions,” she suggests.


Pavilion Financial Corporation to acquire Altius Holdings Ltd.
June 28, 2016

Read more on: Private Equity Wire – Global Investor – Pensions&Investments – Acquisition International – International Securities Services – Money Management – SWFI – HFMweek – Financial Standard – Asset Servicing Time – Financial News – Realdeals – ACQ5 – International Investment – Institutional Asset Manager – The PE Hub Network – Unquote


So Peaceful Until…: Dow Gains 2 Points, S&P 500 Ticks Up in Yawner of a Day
Barrons, June 1, 2016

Then again, something could make the sky cave in and the devil cut loose. The folks at Pavilion Global Markets worry about the debt levels of companies in the S&P 500:
In recent weeks, we have written at length about the deteriorating earnings results and prospects of U.S. corporations. However, another trend has taken place at the same time: a general increase in leverage among U.S. companies. Indeed, the percentage of S&P 500 companies with a lower debt-to-assets ratio than a year ago is now at its lowest point since the 1990s. This signals that the corporate deleveraging impulse that took place initially after the 2007-09 recession is over…


Understanding risk in hedge funds
Pension&Investment, May 24, 2016

Risk-management practices assist managers in both monitoring and reducing their funds’ exposures to unwarranted risks, and reducing exposures to downside risk. Historically, hedge funds invested little in the way of risk systems beyond unsophisticated spreadsheets, and offered low transparency around strategies, risk and market outlook. Following the financial crisis of 2008, increased regulatory and public scrutiny, combined with additional compliance and monitoring, have put significant pressure on hedge funds to better measure and control risk and to be more transparent in the process.


Want to stay in your home forever? Be aware of the costs of home care
24News, May 22, 2016

There are two levels of costs to consider if you want to stay in your home through retirement – one for maintenance and upkeep on your home and the other for home care services to help when you’re unable to look after yourself. Maintenance issues may be more of an issue than you think.

Cary Williams of Pavilion Investment House in Edmonton says it’s simple to arrange for someone to cut the grass and shovel the driveway. “But there are a lot of small things that go into better living, like making sure the furnace filters are getting changed.”


Reports saying hedge funds are dead could be a bit premature
Pension&Investment, May 18, 2016

Hedge fund returns as represented by the HFRI Fund Weighted Composite index were down 1.1% in 2015, and the downdraft continued into 2016 as the index declined 0.7% in the quarter ended March 31.

The biggest driver behind the catcalling about hedge funds is the poor investment environment that’s plagued all active managers for the past couple of years, said Alex Da Costa, director-hedge fund research and consulting at Pavilion Advisory Group Ltd., Montreal.

“In the first quarter, the V-shaped sell-off was followed by a sharp rebound. Hedge fund managers tend to get whipsawed in these kinds of environments,” Mr. Da Costa said, adding “it’s been tough for managers with the S&P 500 trading in the 300-point range over the last two to three years.”


This Canadian energy company is one of Berkshire Hathaway’s biggest holdings
Yahoo Finance, May 2, 2016

Will Buffett’s rising interest in Suncor be seen as a validation by shareholders and potential investors, many of who are disillusioned by the struggling oil industry?

“I don’t want it to sound like I’m making a recommendation but we can take his behaviour as a lesson,” says Marshall McAlister, a chartered financial analyst with Pavilion Investment House in Edmonton. “If he’s one of the greatest investors in the world maybe we should take a lesson that owning businesses over a long time is the wise thing to do.”


 

This private equity fund’s goal is to help grow the family farm
Financial Post, April 6, 2016

Armand Kessous, private wealth counsellor and principal at Pavilion Investment House in Montreal, said Area One also provides good value for the high-net-worth Canadian families he advises. After 2008, many of them became more conservative with their savings, making farmland a particularly attractive store of value.

“You can buy land and lease it, but it’s not worth it,” he said. “By getting higher yield, you drive the value of the land higher. It’s a professional that will do that properly.”


Automating 401(k) Investing
Treasury & Risk, March 9, 2016

Donald Stone, director of DC strategy and product development at Pavilion Advisory Group, said plan sponsors struggle to provide unconflicted advice to participants at a reasonable cost.

“It’s not easy to do either one of those,” he said. “I think the robo-advisers can play a role in that regard. I think they’ll play more of a role at the small end of the market than the mid or large end.


NAPA Announces 2016 401(k) Advisor Leadership Award Semifinalists
NAPA-Net, February 9, 2016

Previous winners of the award include the advisory team at Retirement Resources, represented by Jim Phillips and Patrick McGinn; Kathleen Kelly, representing Compass Financial Partners, LLC; Fiduciary Consulting Group @ PSA, represented by Jania Stout; Plan Sponsor Advisors, represented by Jennifer Flodin, Angelo Auriemma and Donald Stone; Michael J. Malone of MJM401K; Sean Waters, Cook Street Consulting, Inc.; Fred Reish of Drinker Biddle & Reath; and Bill Chetney, then of National Retirement Partners.


Inside the mind of the consultants
CTA Intelligence, February 7, 2016

Recent studies looking at a century of data have backed up the case for trend-following. Alex Da Costa, Director of Hedge Fund Research and Consulting for Pavilion Advisory Group in Montreal, says: “One of the great things about the space is a lot of managers have long track records, are more established, have had managed risk over time…they know how to manage the downside.”