Carte Wealth Management Inc. advisor Jackie Porter named Female Trailblazer of the Year

07/31/19 • 2 min

Stages | Simple advice to help you win financially

Mississauga, Ontario, July 31, 2019 – Carte Wealth Management Inc. (“Carte Wealth”) is pleased to announce that Jackie Porter, CFP was named winner of the Mackenzie Investments Award for ‘Female Trailblazer of the Year’ category in the 2019 Wealth Professionals awards.

These awards celebrate the top advisors and wealth management professionals across the country. Each year more than 1,000 professionals vie for a place in one of the 20 award categories.

The Female Trailblazer category recognizes advisors who demonstrate the promotion, influence and championing of women within the wealth management and financial planning industry.

“I am honoured to have been chosen for this award,” says Porter. “It’s a confirmation that my commitment to delivering top-notch service and the very best value to my clients, as well as my dedication to educating women about financial issues, have been acknowledged by the industry, and I’m very grateful to have that recognition.”

In addition to her work with families, professionals and businesses in the Greater Toronto Area, Porter’s financial advice and strategies have been featured in top financial publications, including The Globe and Mail, Wealth Professional, Investment Executive, and the Ontario Bar Association. She is also a speaker and recently co-authored the book, Single by Choice or Chance: The smart woman’s guide to living longer, better.

“This award is validation of Carte Wealth’s commitment to hiring top-tier advisors and providing the resources and support that help them achieve professional success,” says Kirk Purai, President of Carte Wealth Management Inc. “I am very happy for Jackie and incredibly proud to have her as a member of our Carte team!”

About Carte Financial Group

Carte Wealth Management Inc. is a mutual fund and exempt market products dealer in the provinces of Alberta, British Columbia and Ontario and a mutual fund dealer in the provinces of Manitoba, Quebec and Saskatchewan, providing clients with mutual funds, Exchange-Traded Funds (ETFs), principal protected notes (PPNs), guaranteed investment certificates (GICs), and private placement. Carte Risk Management Inc. is an insurance managing general agency licensed in the province of Ontario, providing clients with life insurance products and services as well as segregated fund investment solutions.

Carte is ranked as the #1 Full-Service Independent Dealer with Investment Executive’s Dealer Report Card. Are you ready to grow your business? Carte cares - just ask our advisors! www.CartePartners.ca

Carte Wealth Management Inc. advisor Jackie Porter named Female Trailblazer of the Year

These awards celebrate the top advisors and wealth management professionals across the country. Each year more than 1,000 professionals vie for a place in one of the 20 award categories.

The Female Trailblazer category recognizes advisors who demonstrate the promotion, influence and championing of women within the wealth management and financial planning industry.

About Carte Financial Group

Previous Episode

How’s your cash flow? Easy ways to improve it

Cash flow — the movement of money into your account (your income) and out of your account (your expenses) — is an important and often overlooked part of a financial plan.

Ultimately, there are two goals. One is to have more money flowing in than flowing out. The other is to time income and expenses so that there is money in the bank when payments are due. If cash flow is out of sync in either of these ways, you could be forced to either tap into your savings or borrow money to cover expenses.

Start with a budget

Ultimately, the cure for negative cash flow is to live within your means and spend less than you make. Having a budget, an inventory of your income and expenses, helps you see how you’re doing in this regard — and how you could improve.

Make budgeting easy by using an online budget calculator, like this one from the Government of Canada. In just a few minutes, it will calculate whether your spending is over or under your income. Print it out, create a report, download to a spreadsheet, or go back and figure out where you could make adjustments and improve cash flow.

Create an emergency plan

One thing that can really cause cash flow issues is an emergency situation or unplanned expense. People without an emergency fund often end up running up expensive credit card debt, which can take months or years to pay down, taking cash flow issues from bad to worse.

That’s why it’s wise to have an emergency fund. A good goal is to save 3-6 months’ living expenses as a cushion.

Consider a Manulife One account

One simple way to stay on top of cash flow and prepare for the unexpected is with a Manulife One account. This is an “all-in-one” product that combines your mortgage, bank accounts, savings, income and debts within a single home equity account.

A Manulife One account makes budgeting easier because you have a single account and one monthly statement. You see at a glance all the money coming in and everything going out — your entire cash flow picture.

It’s designed to help you reduce interest costs and become debt-free sooner, and it also offers a solution for unexpected expenses. If you encounter an emergency situation, you have easy access to funds without running up expensive credit card debt and without needing to set up a separate emergency fund.

Your advisor can help with every aspect of your financial planning, including generating positive cash flow, saving for emergencies and setting up a Manulife One account to help you get on top of your financial picture and improve cash flow.

Next Episode

Avoid these 3 common life insurance mistakes

Life insurance is a topic most people know very little about. That makes it far too easy to buy a policy that’s not a good fit for your needs. Here are three of the most common mistakes people make when choosing life insurance, and how you can avoid them.

Not seeking discounts
Get a break on your premiums by seeking out any discounts you may be eligible for, such as purchasing more than one type of insurance or taking out a policy for both you and your partner with the same insurer. Healthy lifestyle behaviours may also lead to lower premiums on life insurance.
When arranging payments, remember that you could also save a little by making one lump-sum annual payment rather than monthly payments.
Not knowing policy details and exclusions
Be sure you understand all the details of the policy. For example, if you plan to visit a country considered high-risk, or if your job is considered dangerous, some policies may not provide coverage.
Many people also fail to disclose crucial information that could compromise their coverage. A pre-existing health condition or an undisclosed driving history with a serious incident, for example, could lead to a claim or application being denied.
Not getting right amount or kind

This is by far the most serious and most common mistake.

Many people don’t buy enough insurance, either because they underestimate how much would be needed to provide for their family if they weren’t there, or because they think it costs more than it does to take out a larger policy.

Some people don’t understand the different types of life insurance, and take out the wrong type of policy for their needs, or they don’t consider future needs in their decision. This is important because generally speaking the younger you are when you purchase the policy, the lower the cost. There are many types of variations and coverage options, but the most popular life insurance policies boil down to two main types:

• Term insurance covers you for a specified number of years. It’s good for shorter-term needs and is often used as a less expensive alternative to mortgage insurance. But if you need to continue coverage at the end of the term, premiums will be higher.

• Whole life is a longer-term product that offers consistent and predictable premiums. Unlike term insurance, it has an investment component and a cash value, which means you can tap into the savings portion if you need to.

Work with a knowledgeable financial advisor

When you work with a Carte Wealth Management Inc. advisor, you’ll get personalized advice that ensures you purchase the policy that provides the right coverage at the right price for you and your family. Your advisor will look at your entire situation, taking into account future needs, and will explain all the options and details of your policy, so that you can rest easy knowing you have the right protection in place.