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Market Watch
The New Year is well underway, and it has brought with it a strong market rally led by the tech sector. January is likely to finish in positive territory, a vast difference from this time last year. We are expecting news to continue to trickle out in the weeks and months ahead that will cause markets to remain volatile. Many believe rate hikes will continue early into this year and then be held at their highs likely for the remainder of 2023. The next rate decision in Canada is January 25th, where many are predicting a 0.25% rate hike. As we progress further into this year the major thing to watch is a recession call. It is all but confirmed that a recession will be declared sometime this year and that will subsequently have an impact on the markets. There is also talk that we will see liquidity in the markets reduced due to a crunch on savings and increased expense to debt. This will also see pressure on the markets, likely driving them lower.

- Brad Wilson

Year-End Statements:
What Information is Important

Whether you are getting them digitally or in the mail, you should be receiving your statements regularly. BUT, other than the dollar figure, many people aren't sure what they should be looking for when it comes to their statements. This month I'm going to give you the list of items that you should check when you get your statement.

When Should You Receive Your Statements

First thing is first, when do you get your statements? The quick answer is it depends on where your assets are being held.
Investment Firm: Most investment firms send out quarterly statements. This includes accounts held with KLT/Q Wealth.

Fiscal Quarters

Months Detailed

Statement Mailed/Posted

1st Quarter (Q1)

January, February & March


2nd Quarter (Q2)

April, May & June


3rd Quarter (Q3)

July, August September


4th Quarter (Q4)

October, November & December


Insurance Companies/ Work Plans: If you are part of a group pension or an insurance-linked investment, their statements tend to be sent every 6 months - in July (for January to June) and January (for July to December). This includes any guaranteed investment products (other than GICs) such as market-linked guaranteed products, annuities, segregated funds, etc.
No matter how often you get your statements, the yearend statement is more detailed and often gets sent out later in the month than any other. The yearend statement is also the statement that you should pay the most attention to.

What to Look at on Your Statement

Now that you know when you get your statement consider what information you should be looking at:
Performance and Risk Tolerance: 

The most important item to consider in assessing your investment performance is your risk tolerance. All risk levels range between a protection focus and a growth focus. Low risk portfolios are focused on protection over their growth whereas high risk portfolios are focused on growing assets with little regard to the volatility - other risk levels are somewhere in between the two.  Growth is stock market exposure. Protection is protection from stock market volatility.

How to evaluate investment performance:

  • You know your risk tolerance (if you're not sure, ask).
  • Look at your portfolio’s performance compared to the markets over the same period?
  • Given the above diagram compare your performance to the performance of the overall stock markets. For example, a high risk portfolio should do as good, or ideally better, than the stock market because it has a high degree of market exposure. A Low risk portfolio performance should have little to no relation to the market’s performance. And a balanced portfolio should be around half the performance of the stock markets.
  • Does the performance you see match the expectations given your risk tolerance? If yes – that’s great. If it has under or over-performed, reach out to your advisor.


It doesn't matter where your investments are held, there will be fees. There is no “no-cost” investment platform out there. Companies need income to function.

If you are not paying embedded fees you should see the fees as they're being charged within your transaction history. However, if you are being charged embedded fees, the yearend statement will show you how much you paid for the year to both your advisor and any fund/investment companies.

After looking at your fees you should ask - are they reasonable for the service you receive? You should be hearing from your advisor regularly. Are they reaching out via email, newsletters, and/or phone regarding financial planning and your investments? Do they respond to you when you reach out?

This is a good time for me to plug our podcast. We host a monthly podcast, "Building Wealth on the Go", in which we discuss the markets, financial strategies and investing. You can find it on Spotify or Apple Podcasts


Some statements list your beneficiaries. This is a great opportunity to make sure you have a beneficiary named on your registered accounts (RRSP, RRIFs, locked-in accounts, pensions and TFSAs) or insurance-linked accounts. 
Portfolio Manager’s /Advisor's Name:

This might seem like an odd thing to check but that doesn't mean you shouldn't. Your portfolio Manager or Advisor is always listed on your statement. It doesn't hurt to double-check that the name on your paperwork hasn't unexpectedly changed due to retirement or servicing changes. If it has changed, your new advisor will be listed along with their contact information. Reach out to your new advisor to see if they are a good fit for you and your goals.
Statements always have a lot of information on them - if you look at nothing else, you should check these four items to get a good overall look at your accounts. Additionally, I recommend that you register for online access. This will give you access to past statements and tax slips. This is especially helpful if you need financial information on holidays, evenings, or weekends when it can be harder to get ahold of your advisor – which can happen.
To discuss your statement, risk tolerance, update your beneficiary or register for online access, contact us at KLT Wealth Management.

- Courtney Beach, QAFP


The chickadee saves 60,000 seeds for the long winter. To remember where all its seeds are saved, its brain increases 30% in the fall. It teaches the importance of saving.

Without a plan, budgeting and saving can feel stressful and overwhelming.

One of the first things you need to know to make a budget, is how much money you have coming in before you spend.

Making a budget will help you identify money to put towards your savings goal.


Coldest Night of the Year

Save the Date! February 25, 2023

KLT Wealth Management is proud, once again, to support the Coldest Night of the Year Fundraiser. Together, we provide donations that fund critical services at the Wilmot Family Resource Centre, a local charity partner who serves and supports vulnerable families and individuals in our community.

Last year WFRC reached 147% of their fundraising goal!
Click the image below to help our team support the cause.


Monthly Recipe:
Three Ingredient Cake Truffles
Cake truffles made with cream cheese,
covered in dark and white chocolate

432g Cake Box
(ie. Duncan Hines, Betty Crocker - your flavour choice)
226 g Cream cheese (one package)
200 g White chocolate
200 g Dark chocolate

- Bake your cake per the instructions on the back of the box - let it cool
- Use a food processor (or your hands) to turn the cake into crumbs
- Mix the cream cheese into the cake crumbs
- Roll the cake into balls using your hands
- Place them onto a lined baking tray. Then put them in the freezer for an hour
- Melt the chocolate in the microwave. Heat for 30 seconds, stir, then heat in 10 second blasts, stir and repeat until melted
- Remove the truffles from the freezer and dip them into the chocolate, coating them fully. Place them onto some greaseproof paper to set.
- Use the remaining chocolate to drizzle over the truffles
- Store in the fridge and eat within 5 days

Simple and easy upscale Valentine's Day dessert. Enjoy!


February is a month full of great days.



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Quintessence Wealth (Q Wealth) is a partnership that is registered as a portfolio manager, exempt market dealer and investment fund manager. The portfolio manager registration allows Q Wealth to provide investment advice to its clients. The exempt market dealer registration allows Q Wealth to engage in trading activity. These services are provided by Q Wealth through registered advising representatives and dealing representatives, respectively.

Q Wealth is a partnership that is owned by its partners, including KLT Wealth Management. As a client of Q Wealth, you may receive services from both Q Wealth and KLT Wealth Management. Note that individuals from KLT Wealth Management will only provide investment advice and trading advice if they are registered as advising representatives and dealing representatives of Q Wealth, and in providing such services, they will be doing so on behalf of Q Wealth only. KLT Wealth Management may however provide wealth management services such as financial planning, estate and retirement planning, insurance, group benefits and others.

Q Wealth Partners is a registered trade name of Quintessence Wealth, a registered Portfolio Manager in Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island, Quebec, and Saskatchewan, an Investment Fund Manager in Newfoundland and Labrador, Ontario, and Quebec, and an Exempt Market Dealer in Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Quebec, and Saskatchewan. The Ontario Securities Commission (OSC) is the principal regulator for Quintessence Wealth. Please visit for more information.