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# Croft Financial Group

Experience an integrated approach to growing your wealth

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## Posts

- [Portfolio Managers' Brief: March 2024](https://croftgroup.com/portfolio-managers-brief/portfolio-managers-brief-march-2024/) - A brief review of market conditions and how they are impacting the management decisions of our Investment Review Committee (IRC).
- [Tax Season is Coming … are you ready?](https://croftgroup.com/the-accounting-place/tax-season-is-coming-are-you-ready/) - With the annual ritual of tax filing on the horizon for the 2023 tax year, it becomes important to review the less well-known filing requirements and deadlines that affect everyone.
- [Portfolio Managers' Brief: February 2024](https://croftgroup.com/portfolio-managers-brief/portfolio-managers-brief-february-2024/) - A brief review of market conditions and how they are impacting the management decisions of our Investment Review Committee (IRC).
- [MACRO-ECONOMIC RESEARCH - Wag The Dog](https://croftgroup.com/macro-economic-research-report/macro-economic-research-wag-the-dog/) - Richard Croft, CIO discusses Zero Date to Expiration options, interest rates, yield shares and the value of Canadian banks for income focused investors…
- [MACRO-ECONOMIC RESEARCH - Soft Landing?](https://croftgroup.com/macro-economic-research-report/macro-economic-research-soft-landing/) - The US economy appears to be on a path towards a soft landing, defying initial concerns of a downturn due to rate hikes. This stability, driven by strong consumer spending, a robust labor market, and fiscal stimulus, allowed the Federal Reserve to pause its rate hikes.
- [Investment management firm acquires additional expertise for its Real Wealth Management™ offering](https://croftgroup.com/news-release/toronto-based-investment-management-firm-acquires-additional-expertise-for-its-integrated-wealth-management-offering/) - Croft Financial Group now offers its advisors and clients additional financial planning, insurance, and tax planning expertise
- [Understanding the New CRA Changes to Bare Trusts](https://croftgroup.com/the-accounting-place/understanding-the-new-cra-changes-to-bare-trusts/) - The Canada Revenue Agency (CRA) has recently made changes to how Bare Trusts are managed, reported and taxed in Canada. These changes can seem complex, but it's important for Canadian Taxpayers to understand their implications.
- [Experience a Real Approach to Wealth Management](https://croftgroup.com/news-release/experience-a-real-approach-to-wealth-management/) - Experience a Real Approach to Wealth Management - Wealth is not just about money; it's about freedom, security, dreams, and legacies.
- [Research Report: The Symphony of Shifting](https://croftgroup.com/portfolio-managers-brief/macro-economic-research-the-symphony-of-shifting/) - Those of us in the financial business spend a lot of our time explaining why things happen. The volatility investors have been experiencing in the last few months and particularly, over the past month, is fodder for explanation bias.
- [What is Real Wealth Management™?](https://croftgroup.com/news-release/what-is-real-wealth-management/) - Real Wealth Management™ is a comprehensive approach to financial planning that focuses on maximizing and maintaining the real value of a client's wealth over time. It involves a combination of investment management, tax planning, estate planning, and risk management to ensure that all aspects of a client's financial life are addressed in a cohesive and strategic manner.
- [MACRO-ECONOMIC RESEARCH REPORT - The Fed Pivot](https://croftgroup.com/macro-economic-research-report/macro-economic-research-report-the-fed-pivot/) - THE FED PIVOT Mark December 13th, 2023, on the calendar. This was the day US Federal Reserve (Fed) Chairman Jerome Powell gave the financial markets an early Christmas present… the long-awaited Fed pivot. The impact of this subtle change in Fed policy was instantaneous. The Dow Jones Industrial Average surged like a hot air balloon
- [Portfolio Managers' Brief: December 2023](https://croftgroup.com/portfolio-managers-brief/portfolio-managers-brief-december-2023/) - A brief review of market conditions and how they are impacting the management decisions of our Investment Review Committee (IRC).
- [Who is The Accounting Place](https://croftgroup.com/news-release/who-is-the-accounting-place/) - The Croft Financial Group (CFG) has made a strategic investment in acquiring The Accounting Place as part of an overall Real Wealth Management™ offering to our advisor partners and clients.
- [PART 2: PORTFOLIO MANAGERS' BRIEF Conversation With Founder & CIO Richard Croft - October 2023](https://croftgroup.com/portfolio-managers-brief/portfolio-managers-brief-october-2023-conversation-wit-founders-cio-richard-croft-copy/) - In this second part to my discussion with Richard Croft Founder & CIO, we discuss portfolio rebalancing and portfolio performance comparative to the stock market indices we track such as the S&P 500, Nasdaq and TSX as well as a brief outlook on our expectations for 2024.
- [PART 1: PORTFOLIO MANAGERS' BRIEF Conversation With Founder & CIO Richard Croft - October 2023](https://croftgroup.com/portfolio-managers-brief/portfolio-managers-brief-october-2023-conversation-wit-founders-cio-richard-croft/) - In part one of our conversation, Founder and CIO RIchard Croft touches on the anticipated direction of interest rates and how Canadian banks have been impacted by the current economic environment and what to expect going forward. He also comments on inflation expectations and just how we are managing risk in client portfolios.
- [Research Report - The End Is Near... Maybe](https://croftgroup.com/macro-economic-research-report/research-report-the-end-is-near-maybe/) - The notion that we no longer must play the “don’t fight the Fed” game will provide some measure of normalcy. Something that has been lacking since central banks began raising interest rates eighteen months ago.
- [Portfolio Managers' Brief: September 2023](https://croftgroup.com/portfolio-managers-brief/portfolio-managers-brief-september-2023/) - A brief review of market conditions and how they are impacting the management decisions of our Investment Review Committee (IRC).
- [Research Report: Could China’s Economy Collapse?](https://croftgroup.com/macro-economic-research-report/research-report-could-chinas-economy-collapse/) - Is China on the precipice of an economic collapse? The world’s second biggest economy faces several hurdles, not the least of which is the trickle-down effects from a property sector plagued by excess leverage. This is especially disturbing because real estate influences about 29% of China’s GDP.
- [Research Report: Frontloading inflation](https://croftgroup.com/macro-economic-research-report/research-report-frontloading-inflation/) - Central banks have been aggressively raising rates to slow economic activity so that global economies do not get caught up in a 1970s style wage and price spiral. While their aim is admirable, central bankers may be using a playbook that is not appropriate for the current situation.
- [Portfolio Managers' Brief: December 2022](https://croftgroup.com/portfolio-managers-brief/portfolio-managers-brief-december-2022/) - A brief review of market conditions and how they are impacting the management decisions of our Investment Review Committee (IRC).
- [Portfolio Managers' Brief: February 2023](https://croftgroup.com/portfolio-managers-brief/portfolio-managers-brief-february-2023/) - A brief review of market conditions and how they are impacting the management decisions of our Investment Review Committee (IRC).
- [Portfolio Managers' Brief: March 2023](https://croftgroup.com/portfolio-managers-brief/portfolio-managers-brief-march-2023/) - A brief review of market conditions and how they are impacting the management decisions of our Investment Review Committee (IRC).
- [Portfolio Managers' Brief: April 2023](https://croftgroup.com/portfolio-managers-brief/portfolio-managers-brief-april-2023/) - A brief review of market conditions and how they are impacting the management decisions of our Investment Review Committee (IRC).
- [Portfolio Managers' Brief: June 2023](https://croftgroup.com/portfolio-managers-brief/portfolio-managers-brief-june-2023/) - A brief review of market conditions and how they are impacting the management decisions of our Investment Review Committee (IRC).
- [Portfolio Managers' Brief: May 2023](https://croftgroup.com/portfolio-managers-brief/portfolio-managers-brief-may-2023/) - A brief review of market conditions and how they are impacting the management decisions of our Investment Review Committee (IRC).
- [Portfolio Managers' Brief: July 2023](https://croftgroup.com/portfolio-managers-brief/portfolio-managers-brief-july-2023/) - A brief review of market conditions and how they are impacting the management decisions of our Investment Review Committee (IRC).
- [Research Report: Rolling Recession?](https://croftgroup.com/macro-economic-research-report/research-report-rolling-recession/) - Research Report: Rolling Recession: Imagine a business cycle where twists and turns rotate through sectors of the economy like a game of musical chairs. Only in this game, one chair is replaced by another, turning the traditional game of musical chairs into a never-ending game where no players are left behind. A never-ending game of musical chairs is the blueprint for a rolling recession.
- [Research Report: Worst December Since 1931](https://croftgroup.com/macro-economic-research-report/research-report-worst-december-since-1931/) - December 31st marked the end of a disappointing year for most investors, with nearly all assets except for cash and government bonds booking losses. Despite a strong recovery from the sell-off experienced earlier in the year, the S&P 500 gave it all back and then some in the month of December. The index declined -10.24% from top to bottom for the worst December since 1931, and closed 2018 down -6.24% in the red for the year for the first time since 2008.
- [Research Report: Ghosts of Christmas Past](https://croftgroup.com/macro-economic-research-report/research-report-ghosts-of-christmas-past/) - To understate the obvious, it was a challenging fourth quarter for financial markets. Investor sentiment shifted daily from bullish to bearish. Equity markets sliced through most technical supports like a hot knife through butter. The S&P 500, Dow Jones Industrial Average, Nasdaq 100 and Russell 2000 fell intraday into bear market territory, loosely defined as a correction of 20% or more from the most recent highs (see figure 1), ending the year with the worst December performance since 1931.
- [Croft Q1 2019 Commentary & Outlook](https://croftgroup.com/macro-economic-research-report/croft-q1-2019-commentary-outlook/) - There’s an old saying that the stock market climbs a wall of worry and Q1 2019 seems to reflect just that. Based on early 2019 investment statements, one would find it hard to believe that just a few short months ago stocks had suffered one of their worst declines in this decade. Economic concerns may still be a worry, but for now they seem to have taken a back seat to a solid stock market rebound.
- [Research Report: Income Strategy and Trade War Angst](https://croftgroup.com/macro-economic-research-report/research-report-income-strategy-and-trade-war-angst/) - CIBC reported earnings that follow an all to familiar pattern. Management warned of slower growth through the remainder of 2019, added more than $1.5 billion in loan loss reserves and generally raised fear that CIBC contagion would spread across the entire Canadian banking sector.
- [Jason Ayres appointed to CEO of Croft Financial Group](https://croftgroup.com/news-release/jason-ayres-appointed-to-ceo-of-croft-financial-group/) - Richard Croft, Chairman and Chief Investment Officer, is pleased to announce the appointment, effective June 1st, of Jason Ayres as Chief Executive Officer of R N Croft Financial Group Inc.
- [Research Report: Market Melt Up?](https://croftgroup.com/macro-economic-research-report/research-report-market-melt-up/) - A melt up defined by Investopedia “as a dramatic and unexpected improvement in the investment performance of an asset class, driven partly by a stampede of investors who don't want to miss out on its rise, rather than by fundamental improvements in the economy.”
- [Research Report: Stay the Course](https://croftgroup.com/macro-economic-research-report/research-report-stay-the-course/) - Almost like clockwork, both Canadian and U.S. stock markets began to sell off the first of May lending some credibility to the adage “Sell in May and Go Away”. Was this a self-fulfilling prophecy or just the byproduct of an overbought market, hypersensitive to trade war headlines and President Trump’s Twitter feed?
- [Croft Group Q2 2019 Commentary & Outlook](https://croftgroup.com/news-release/croft-group-q2-2019-commentary-outlook/) - The end of June marked the close of the second quarter of 2019 and the halfway point in the year. In reflecting on the past 6 months, the old saying that the market climbs a wall of worry really seems to be quite fitting.
- [Research Report: What's Motivating Markets?](https://croftgroup.com/macro-economic-research-report/research-report-whats-motivating-markets/) - Last month we referenced the continued-up trend in the Canadian and U.S. stock markets for the month of June as being driven by the expectation of a more accommodating monetary policy from Central Banks, along with a fear-of-missing-out mindset on the part of investors.
- [Research Report: Recession Fears Continue](https://croftgroup.com/macro-economic-research-report/research-report-recession-fears-continue/) - Recession fears have been tilting investor sentiment for the past two years making the lon
- [Research Report: What's Changed?](https://croftgroup.com/macro-economic-research-report/research-report-whats-changed/) - There has been an overriding question raised during our investment committee meetings over the past several months “what’s changed?” and to this point the answer continues to be a resounding “nothing”. The U.S. and China went tit for tat during the month of August as both sides introduced a new round of tariffs. Economic data came in somewhat weaker than expected and once again, the U.S. treasury bond market “inverted” and thereby flashed another recessionary signal.
- [Research Report: Investments to Make During a Trade War](https://croftgroup.com/macro-economic-research-report/research-report-investments-to-make-during-a-trade-war/) - The trade war between Trump and China may have reached a temporary truce but signs of escalation remain. With the ongoing conflict creating more uncertainties, investors are looking for better strategies to minimize the risks and ride out the ongoing trade issues.
- [December 2019 Commentary & Outlook](https://croftgroup.com/news-release/december-2019-commentary-outlook/) - U.S. and Canadian stocks continued to extend their gains through the month of November and into December, with consumer and service-based sectors leading the charge. Markets continued to push higher against a background of positive consumer sentiment surveys, low interest rates and supportive central banks, plus a favorable labour market overall, albeit recent Canadian employment numbers have turned sharply negative.
- [January 2020 Commentary & Outlook](https://croftgroup.com/news-release/january-2020-commentary-outlook/) - There was very little holding the U.S. and Canadian stock markets back in December. We had identified a possible headwind with a proposed round of tariffs set to take effect on December 15th. However, with a “Phase 1” trade agreement reached between the U.S. and China instead, and Trump’s impeachment being of no consequence to the markets, investor optimism continued to push stocks higher into the close of 2019.
- [Croft Joins BMO to Open the Market](https://croftgroup.com/news-release/croft-joins-bmo-to-open-the-market/) - BMO is celebrating the launch of 11 new ETFs, 8 of which have a focus on companies that are leaders in ESG (Environment, Social and Governance). This innovation in ESG investing comes from a combined strength of BMO Global Asset Management, a UN Principles Responsible Investing (PRI) signatory since 2006 and MSCI, voted best firm for SRI research, corporate governance, research and indexes. 40 years of experience in ESG research has led to over 1300 firms utilizing their ESG insights as part of their investment process.
- [March 2020 Commentary & Outlook](https://croftgroup.com/news-release/march-2020-commentary-outlook/) - At the risk of overstating the obvious, the month of February was challenging both psychologically and financially for investors. As the spread of the Covid-19 virus escalated globally, fear and uncertainty took hold of the markets resulting in the fastest correction of U.S. and Canadian stocks in history. After peaking near all-time highs somewhere close to the middle of the previous week, by market close on Friday February 28th, the S&P TSX composite Index, representing Canadian stocks, was down overall on the month by approximately 6 percent, while losses on the m
- [How The Coronavirus Has Impacted The Markets And Our Look Ahead](https://croftgroup.com/macro-economic-research-report/how-the-coronavirus-has-impacted-the-markets-and-our-look-ahead/) - We fear what we do not control and what we cannot explain. Dramatic headline powered gyrations in financial markets, escalating infection rates, varying pandemic trajectories and response protocols delivered by a politically biased 24-hour news cycle. What about the future? How deep is impending recession? How long will it last? What are the long-term implications of the unprecedented fiscal and monetary stimulus? And when will the stock market bottom?
- [Research Report: Statistical Life & Modern Monetary Theory](https://croftgroup.com/macro-economic-research-report/research-report-statistical-life-modern-monetary-theory/) - President Trump wanted to re-open the US economy by April 12th because postponing a return to normalcy “could make the cure worse than the disease.” He eventually backed off at the behest advisors. But he was right about the need to strike a balance between the carnage caused by an economic shutdown versus lives lost to the coronavirus.
- [Covid-19 and ESG Investing – Part 1](https://croftgroup.com/macro-economic-research-report/covid-19-and-esg-investing-part-1/) - It should be expected that the COVID 19 experience may have a profound impact on ESG investing behaviours and related topics.
- [How Will the COVID 19 Experience Affect ESG Investing? – Part 2](https://croftgroup.com/macro-economic-research-report/how-will-the-covid-19-experience-affect-esg-investing-part-2/) - There are two foundational themes to the discussion of the merits of ESG (ethical) investing: values and performance. The COVID 19 experience can be expected to impact both of these. For many ESG investors, the impact on performance is likely to be the most interesting, and perhaps the most difficult to predict.
- [Research Report: The Shape of the Recovery](https://croftgroup.com/macro-economic-research-report/research-report-the-shape-of-the-recovery/) - Forecasting is about establishing scenarios and assigning probabilities. While difficult at the best of times, developing a rational thesis on the back of COVID-19, is all but impossible. We are confronted with a new virus that has no boundaries and for which epidemiologists have yet to understand its genetic code. As curves flatten around the world, there is concern about a second tsunami in the autumn and the possibility of interim community transmission spikes that could last until 2021.
- [Managing Risks: Enhanced Income Mandates](https://croftgroup.com/macro-economic-research-report/managing-risks-enhanced-income-mandates/) - Professional money managers look at investments in terms of risk versus return. Hence the concept of risk-adjusted return, which is the central theme underpinning portfolio management. However, that is very different from the way most individuals look at investments. Investors understand return because it is quantifiable. It is simple math. Risk not so much!
- [How Will The COVID-19 Experience Affect The Idea of Sustainability for Investors?](https://croftgroup.com/macro-economic-research-report/how-will-the-covid-19-experience-affect-the-idea-of-sustainability-for-investors/) - historically, is meant to cover a range of topics and issues. For example, in 2015 the United Nations General Assembly set as its Sustainable Development Goals (SDGs) 17 separate goals for attaining and then sustaining a desirable future, which ranged from the elimination of poverty and hunger to establishing gender equality. Only two specifically related to climate and clean energy.
- [Research Report: Walls of Worry](https://croftgroup.com/macro-economic-research-report/research-report-walls-of-worry/) - You can be excused for thinking that equity markets have gotten ahead of themselves. As of the close of trading on Monday June 8th, 2020, the S&P 500 composite index had recovered all year-to-date losses. Even more impressive was the performance of the NASDAQ 100 stock index which set another all-time high. That was, of course, before Thursday’s sell-off that highlighted the fragile foundation underpinning equity markets.
- [Research Report: State of Confusion](https://croftgroup.com/macro-economic-research-report/research-report-state-of-confusion/) - From our perspective there are two main factors influencing financial markets: 1) the seeming disconnect between market performance and economic reality and 2) the impact of the US Presidential election with potential constitutional challenges that go beyond who wins or loses. We will explore these issues in our commentary and share some of diversification techniques intended to protect client portfolios within the context of the long-term economic realities and the potential presidential outcome.
- [By The Numbers: August 2020](https://croftgroup.com/news-release/by-the-numbers-august-2020/) - There has been a lot of talk about a significant market correction – mostly due to the apparent disconnect between the performance of U.S. stocks (as measure by the S&P 500 Composite Index) against the glaring shortcomings of the broader U.S. economy; not to mention the fact that the COVID 19 virus continues to rage unabated. These twin concerns imply that U.S. stock market has gotten ahead of itself.
- [Research Report: Fear Mongering](https://croftgroup.com/macro-economic-research-report/research-report-fear-mongering/) - According to most polls, former Vice-President Joe Biden has a commanding – almost insurmountable – lead as we enter the last four weeks of the US Presidential election. Some have gone as far as to suggest we will see a blue wave where the Democrats not only take the Presidency but also Congress and the Senate.
- [Research Report: Alchemy for the Optimist](https://croftgroup.com/macro-economic-research-report/research-report-alchemy-for-the-optimist/) - I intend to stay awake this New Year’s Eve. Not so much to welcome in 2021 but to make sure 2020 fades into oblivion. I would like to say that 2021 will be a better year but that would be redundant. It is hard to imagine it being any worse! What I can say is 2021 may be better than many base case scenarios are suggesting. Bay and Wall Street watchers are cautiously optimistic, once we get through North America’s dark winter. It is clear, as COVID waves intensify, that a return to normalcy will rest on the efficacy of the vaccine. Which, by the way, some 40% of Americans say they will not take!
- [Research Report: Inflation Risk on The Margin](https://croftgroup.com/macro-economic-research-report/research-report-inflation-risk-on-the-margin/) - On the margin, we are bullish on the outlook for 2021. There will be bumps, bruises, changes in the timeline but, overall, 2021 will end as a beginning of the return to normality, and that should play well for the financial markets.
- [Research Report: Orange is the New Trump](https://croftgroup.com/macro-economic-research-report/research-report-orange-is-the-new-trump/) - Last week’s assault in Washington illustrates the rage underpinning the chasm dividing the U.S. political landscape. Depending on where you get your information, the riots / protests were the work of anarchists, thugs, seditionists, or patriots and everyday Americans protesting a stolen election.
- [Research Report: The Road Less Travelled](https://croftgroup.com/macro-economic-research-report/research-report-the-road-less-travelled/) - For the record… I am an optimist! Although I prefer to think of myself as one who seeks out constructive elements in harsh realities. But that said, consider our optimist psyche as a “caveat emptor” as we review some strategies for the road less travelled, and examine the vaccination roll out, the post-COVID economic recovery, and possible ways to close the chasm that is the great political divide. And along that road, we wanted to examine SPACs as an emerging investment vehicle, which some of our in-house pools now hold.
- [Research Report: The Case for Alternative Assets](https://croftgroup.com/macro-economic-research-report/research-report-the-case-for-alternative-assets/) - We think about money in terms of paper currency, coins, debit, and credit cards… anything that can act as a “medium of exchange” to purchase goods and services, settle debts, and meet financial obligations. Fiat money is government-issued currency that is not backed by a physical commodity but by the stability of the issuing government. With Fiat money, governments, through their central banks, have unhindered access to the printing press. Treasury can expand or contract money supply to stabilize employment, the economy’s growth trajectory and inflation.
- [Research Report: Upward Bias Bumpy Ride](https://croftgroup.com/macro-economic-research-report/research-report-upward-bias-bumpy-ride/) - Covid-19 was center stage throughout 2020 and will continue to frame expectations in 2021. The rise of new variants, the rollout of vaccines and the sentiment driven upward trajectory of financial markets, are influencing investor psychology. The overriding question being whether financial markets have gotten ahead of themselves.
- [Q1 2021 Commentary & Outlook](https://croftgroup.com/news-release/q1-2021-commentary-outlook/) - Within the first few days of 2021, the last vestige of uncertainty from the U.S. presidential election about which party would gain control of the Senate was concluded in two separate run-off rates in Georgia on January 5th, with both Republican incumbents losing to Democratic challengers. Investors believed a Biden administration would spend lavishly to defeat Covid-19 and help the economy recover and, with the Democrats now in control of the U.S. government, this paved the way for U.S. markets to extend their rally.
- [Research Report: Inflation, Bitcoin and Bond Substitutes](https://croftgroup.com/macro-economic-research-report/research-report-inflation-bitcoin-and-bond-substitutes/) - It did not take long for newly installed Republican party Representative Elise Stefanik (she is Liz Cheney’s replacement) to go after Joe Biden. It was grandstanding at its best. Standing at the Congressional bully pulpit in front of a scrum of news reporters Stefanik said the latest US jobs report (released on Friday May 14th) was the worst in over 20 years. “Unemployment is up, small businesses are struggling to hire workers,” and it is all the result of the Democrats "far-left radical socialist policies."
- [Economic Outlook: The China Syndrome](https://croftgroup.com/macro-economic-research-report/economic-outlook-the-china-syndrome/) - It seems the US Federal Reserve (FED) is flexible when it comes to defining “transitory” inflation. The FED’s base case for 2021 year-over-year inflation was 2.4%. That number was bumped to 3.4% when updated inflation data was released during the second week of June. So too has the timeline for scaling back the US $30 billion per month bond purchasing program, and the FED is now beginning to talk about talking about raising overnight interest rates. FED speak at its best!
- [Research Report: In Praise of Dividends](https://croftgroup.com/macro-economic-research-report/research-report-in-praise-of-dividends/) - U.S. equities continued to rally through the first quarter of 2021 supported by strong consumer demand, plus outsized monetary and fiscal stimulus combined with ultra-low interest rates. The S&P 500 Index has been up for five consecutive months and at the end of June had gained 15.2% YTD.
- [Research Update: Canada’s Debt in Context](https://croftgroup.com/macro-economic-research-report/research-update-canadas-debt-in-context/) - Buy now… pay later! That is the message being telegraphed by most governments as they engage in an unhindered and unprecedented spending spree. Supported by central banks’ quantitative easing, ultra low interest rates and a sense of urgency to support individuals and small businesses during pandemic lockdowns, rising debt levels have become politically palatable.
- [Financial Commentary: Delta Woes](https://croftgroup.com/macro-economic-research-report/croft-financial-commentary-delta-woes/) - Conventional wisdom tells us that healthy bull markets climb a wall of worry. Ascending to new heights by scaling an abundance of negative factors that are seen as temporary stumbling blocks rather than permanent impediments. In the current environment, there are plenty of “temporary” stumbling blocks for the bull to scale; the taper timeline, direction of interest rates, elevated valuations, irrational exuberance in sectors (meme stocks), Covid trends, vaccine uptake, inflation, supply chain disruptions, labor shortages, government debt… and the list goes on.
- [Research Report: Search For Income](https://croftgroup.com/macro-economic-research-report/research-report-search-for-income/) - A central theme in portfolio management is risk-adjusted return. Weighing potential upside performance against downside variability is the essential element in setting an appropriate asset mix.
- [Research Report: Worried About Inflation? Chill out...](https://croftgroup.com/macro-economic-research-report/research-report-worried-about-inflation-chill-out/) - The latest Canadian data suggests that inflation, on a month-over-month basis, may be abating. Could it be that central bankers are right in the assertion that inflation is transitory? To address concerns that central banks may be ‘behind the curve’, let’s not forget that they employ some of the brightest economists who are constantly sifting through myriad data.
- [Research Report: Metaverse… Closer than you think](https://croftgroup.com/macro-economic-research-report/research-report-metaverse-closer-than-you-think/) - Are we to assume from Facebook’s name change that Mark Zuckerberg is embracing a corporate transformation? Or could it be an attempt to shift attention away from mounting regulatory headwinds? Perhaps, it is a bit of both. Whatever the reason, Meta Platforms Inc. (Facebook’s new name) reflects the company’s growing ambitions beyond social media. To that end, the company is setting in motion a ten-year US $10 billion spending initiative to ensure that its platform and more than two billion daily active users will be the central player in the next iteration of the Internet… the “Metaverse.”
- [Omicron: Variant of Concern?](https://croftgroup.com/macro-economic-research-report/omicron-variant-of-concern/) - OMICRON: VARIANT OF CONCERN? Is it an ominous sign that social media posts focused more on the process for naming the latest iteration of COVID, than it did debating the risks associated with the transformative mutations unique to Omicron? The World Health Organization (WHO) classifies COVID variants with letters from the Greek alphabet in much the same way as we categorize hurricanes alphabetically. The idea is to provide the general population with a down-to-earth classification that simplifies the scientific designation and removes any stigma caused by referencing variants using the location where they were detected.
- [The Last Wave: Tempered Expectations Amidst Virus Uncertainty](https://croftgroup.com/macro-economic-research-report/tempered-expectations-amidst-virus-uncertainty/) - In chaos theory, the butterfly effect refers to how minor changes in an initial assumption can alter the future in unimaginable ways. It was based on the work of mathematician and meteorologist Edward Lorenz who used the example of a tornado being influenced by minor perturbations such as a distant butterfly flapping its wings weeks earlier.
- [Research Report: Volatility Returns](https://croftgroup.com/macro-economic-research-report/research-report-volatility-returns/) - The “picture-is-worth-1,000-words” metaphor is well-suited to illustrate the performance of financial markets during January 2022. Early declines, most notably within the tech heavy Nasdaq 100 index, were followed by sharp rallies, described by pundits as take your pick: a reversion to the mean or a bull fake out. The late-stage rally in the Nasdaq prevented it from recording the worst January in its history.
- [Research Report: Invasion](https://croftgroup.com/macro-economic-research-report/research-report-invasion/) - On February 24th, 2022, Russia invaded Ukraine. It was an unprovoked invasion orchestrated by a bellicose dictator who wanted to decapitate an emerging democracy. It is the standard playbook for frightened Dictators ruling a disenfranchised population. You cannot have ordinary Russians questioning whether the Ukrainian experiment with capitalism is a better model than a Soviet style autocracy?
- [Research Report: Stagflation?](https://croftgroup.com/macro-economic-research-report/research-report-stagflation/) - Investopedia characterizes stagflation as a period of slow economic growth (declining GDP) and relatively high unemployment — economic stagnation — accompanied by rising prices – inflation. There are many third-world examples that lay bare the economic death spiral associated with stagflation. Lebanon and Venezuela come to mind, and heavily-sanctioned Russia will not be far behind.
- [Research Report: Radical Uncertainty](https://croftgroup.com/macro-economic-research-report/research-report-radical-uncertainty/) - The Ukraine war, fallout from sanctions, hawkish sentiment among global central banks and gyrations in commodity markets add layers of uncertainty to what was already an uncertain environment for financial markets. In this setting, forecasts are, at best, conditional and rest on a foundation of radical uncertainty (see article “Stuff Happens”). While we can quantify risk (i.e., options price implied volatility) and then assign probabilities (i.e., trading ranges) using statistical analysis, uncertainty, defined as ‘unknowable unknowns’, cannot be measured. That fact severely limits our confidence in evaluating potential outcomes and appropriate investment strategies.
- [Reasearch Report: Assessing the Impact of Corrections](https://croftgroup.com/macro-economic-research-report/research-report-assessing-the-impact-of-corrections/) - The performance of stocks through April month-end was not only painful, but it was also significant. The first four months of 2022 marked the worst January to April swoon for US stocks in history. The S&P 500 Index ended April down 13.31% from its’ December 27th, 2021, peak. The tech heavy Nasdaq composite index is off 23.18% since its November 15th, 2021, peak, officially putting growth stocks in bear market territory.
- [Managing Emotions During a Market Decline - The Importance of Having a Plan](https://croftgroup.com/macro-economic-research-report/managing-emotions-during-a-market-decline-the-importance-of-having-a-plan/) - Many investors are starting to feel uncomfortable watching their investment portfolios decrease in value as markets continue to decline from the November 2021 highs. A review of past market corrections can provide us with some general guidelines to help manage expectations. How much more selling is yet to come, however, and how long it will take for the markets to turn around is still largely unpredictable.
- [Resarch Report: Putin Ouster – Markets & Bonds](https://croftgroup.com/macro-economic-research-report/research-report-putin-ouster-markets-bonds/) - As the Russian invasion of Ukraine grinds on with no apparent solution through international diplomacy, some commentators are wondering if an end to the conflict could come if Vladimir Putin is removed from power. Even U.S. President Joe Biden in a speech delivered in Poland said Putin “cannot remain in power.” Despite White House attempts to downplay the rhetoric, President Biden was steadfast that he was “not walking anything back!”
- [Research Report: Winning The Inflation Battle?](https://croftgroup.com/macro-economic-research-report/research-report-winning-the-inflation-battle/) - are causing the imbalances. What impact are global transportation bottlenecks having on prices along the supply chain? How much of the demand surge is a desperate attempt by consumers to feel normal again? What impact is the Ukraine war having on food and energy prices? Did government sponsored pandemic relief programs provide too much stimulus? Each of these factors has an impact. The chart to the right is our best guess as to the relevancy of each of these components.
- [Recession Update](https://croftgroup.com/news-release/recession-update/) - There is much debate about whether the U.S. economy is in a recession. According to the U.S. Bureau of Economic Analysis (BEA) advanced estimate, the U.S. economy has contracted for two consecutive quarters (see chart). GDP declined by -1.6% in the first quarter followed by a -0.9% decline in the second quarter ending June 30th.
- [Research Report: The Impossible Dream](https://croftgroup.com/macro-economic-research-report/research-report-the-impossible-dream/) - For the past two months financial markets have been stuck in a trading range that runs the gambit between fear and greed – a classic tug of war buttressed by vague macro-economic scenarios that are, at best, subjective. Efforts to pinpoint the terminal interest rate[1] vary depending on the latest iteration of ‘Fed speak’. Currently, market participants seem to have priced in an interest rate trajectory that will culminate somewhere between 3.75% to 4.25%.
- [Research Report: September Swoon](https://croftgroup.com/macro-economic-research-report/research-report-september-swoon/) - Let’s take a collective deep breath. September, which historically is the worst month for stocks, has passed – and it did not disappoint! We saw 10% declines in U.S. markets, while Canadian stocks, buoyed by energy and basic materials, lost less than half that amount.
- [Research Report: A View From 40,000 Feet](https://croftgroup.com/macro-economic-research-report/research-report-a-view-from-40000-feet/) - Despite clear signs that inflation is cooling, central bankers remain hawkish. Notable among the hawks is U.S. Federal Reserve (Fed) Minneapolis President Neel Kashkari, who penned a recent essay that put a bold exclamation point on their concerns about inflation. He believes the Fed should keep raising rates until it can say, with confidence, that the policy initiatives have quelled inflation. In short, look for more rate hikes at least through the next two meetings and possibly through June 2023.
- [Research Report: A Conditional Pause](https://croftgroup.com/macro-economic-research-report/research-report-a-conditional-pause/) - The Bank of Canada (BoC) is out front once again. The BoC was the first of the G-7 central banks to deliver outsized rate hikes early in the cycle and is now the first to signal a pause after raising the overnight lending rate by 25 basis points (0.25%) on Wednesday January 25th, 2023. The BoC’s overnight lending rate now stands at 4.5%, a 15-year high.
- [Research Report: Canaries in the Coal Mine?](https://croftgroup.com/macro-economic-research-report/research-report-canaries-in-the-coal-mine/) - We all knew that aggressive interest rate hikes would eventually break something. The first shoe dropped on March 10th and March 11th, when the Federal Deposit Insurance Corporation (FDIC) took control of two insolvent commercial banks: Silicon Valley Bank (SVB) and Signature Bank (SBNY) were the second and third largest bank failures since Washington Mutual collapsed in 2008.
- [Research Report: A Slow Growth Environment?](https://croftgroup.com/macro-economic-research-report/research-report-a-slow-growth-environment/) - A SLOW GROWTH ENVIRONMENT If you listen to the analysts, first quarter earnings will be challenged. Consensus estimates have earnings declining by 6% to 7% year over year across the entire S&P 500 spectrum of companies. This is the most severe reset since the first quarter of 2020, when earnings toppled by 32% year-over-year, although
- [Research Report: The Fed’s Two-Step](https://croftgroup.com/macro-economic-research-report/research-report-the-feds-two-step/) - It seems that economists are changing their views as often as Putin changes generals. Case in point: the International Monetary Fund’s (IMF’s) World Economic Outlook (WEO) published in mid-October, revised downward 2023 growth expectations. The IMF now believes the global economies will collectively grow at 2.3% in 2023, which is 0.2% below the previous WEO forecast released in July. Look for more of the same in the coming months as economists compete in a race to the bottom.
- [Research Report: Return of  the Bull?](https://croftgroup.com/macro-economic-research-report/research-report-return-of-the-bull/) - INFLATION COOLS BUT LESS THAN EXPECTED The June read in the Consumer Price Index (CPI) supported the position that inflation is receding. US inflation came in lighter than expected rising 0.1% month over month (through May month end) which was in line with economist’s estimates. The year over year number fell for the eleventh consecutive
- [Research Report: Measuring Growth](https://croftgroup.com/macro-economic-research-report/research-report-measuring-growth/) - Rather than trying to dodge the inflation / recession raindrops let’s take a collective deep breath, step away from the forces of supply and demand that throw more curve balls than Sandy Koufax and focus on the output side of the economic equation. Where we can drill down on the tool that measures the collective well-being of a nation; Gross Domestic Production, or its’ acronym: GDP.
- [Energy, Oil, and Geopolitics: The New Power Challenge of AI](https://croftgroup.com/podcast/energy-oil-and-geopolitics-the-new-power-challenge-of-ai/) - In this episode, Richard and Brian explore the critical role energy continues to play in the global economy. They discuss how lower oil prices can support consumers, businesses, and inflation, while also examining the risks that geopolitical tensions pose to global energy markets. From oil prices and inflation to interest rates and stock performance, they unpack the chain reaction that connects it all. A timely conversation on why, despite the rise of AI and digital innovation, the world still runs on energy.
- [Money Talks We Listen - September 2026 Macro-Economic Research Report](https://croftgroup.com/macro-economic-research-report/money-talks-we-listen-september-2026-macro-economic-research-report/) - NO DEAL – NEXT STEPS – WHAT TRADE IMBALANCE? – NAVIGATING THE FALLOUT – SEPTEMBER STORM – THE FLAWED IRANIAN STRATEGY – THE KYIV RED-HERRING THEORY – CALM VERSUS CHAOS
- [The Fed, Inflation and Interest Rates: What Happens Next?](https://croftgroup.com/podcast/fed_inflation_rates/) - Has inflation finally been defeated, or could it be preparing for a comeback? In this segment, Brian and Richard explore both sides of the debate. They discuss the bullish case for a soft landing, including easing supply chain pressures, resilient economic growth, and the potential for AI-driven productivity gains to help keep inflation in check. They also examine the risks that could reignite inflation, from energy shocks and geopolitical events to persistent government spending. The conversation ultimately comes down to one key question: are we witnessing a historic economic soft landing, or simply the calm before the next inflation storm?
- [Portfolio Managers' Brief - August 2026](https://croftgroup.com/portfolio-managers-brief/portfolio-managers-brief-august-2026/) - Key Takeaways Portfolio Managers Brief — August 2026 Three of June's four questions now have answers Inflation has peaked. Corporate earnings justified the valuations markets were carrying. AI-related capital spending...
- [Biotech Breakouts & the GLP-1 Arms Race: The Drugs That Broke the Market (In a Good Way)](https://croftgroup.com/podcast/biotech-breakouts-the-glp-1-arms-race-the-drugs-that-broke-the-market-in-a-good-way/) - In this episode of Money Talks We Listen, Brian McAree and Richard Croft dive into two of the biggest forces shaping markets today: the biotech boom and rising energy prices. First, they unpack the GLP-1 revolution, exploring how breakthrough weight-loss drugs are transforming healthcare, creating trillion-dollar opportunities, and disrupting everything from food companies to insurance providers. Then they shift to oil's march toward $100 per barrel, examining how geopolitics, inflation, consumer spending, and Federal Reserve policy are colliding in an increasingly fragile macroeconomic environment.
- [Risk Multiplicity: The Market's Wall of Worry… and Why It Keeps Climbing It Anyway](https://croftgroup.com/podcast/risk-multiplicity-the-markets-wall-of-worry-and-why-it-keeps-climbing-it-anyway/) - In this episode of Money Talks We Listen, Richard Croft and Brian McAree unpack the concept of risk multiplicity and why markets continue to push higher despite a growing list of concerns. From leveraged Treasury trades and AI-driven market concentration to geopolitical tensions, IPO exuberance, and the role of bond vigilantes, they explore the risks investors may be overlooking and how those risks can compound when they occur together.
- [The Magnificent Tech Meltdown & the AI Mega Cycle: No Free Lunches Left](https://croftgroup.com/podcast/the-magnificent-tech-meltdown-the-ai-mega-cycle-no-free-lunches-left/)
- [Portfolio Managers' Brief - June 2026](https://croftgroup.com/portfolio-managers-brief/portfolio-managers-brief-june-2026/) - Markets continue to demonstrate resilience despite persistent uncertainty. Economic concerns remain, but outcomes have been better than expected. Inflation, interest rates, and geopolitics continue to shape markets. Investor focus has increasingly shifted toward fundamentals.
- [CANADA’S MID-2026 PLAYBOOK: A SLOWER ECONOMY, A STRONGER TSX  ](https://croftgroup.com/macro-economic-research-report/canadas-mid-2026-playbook-a-slower-economy-a-stronger-tsx/) - As we cross the half-way point in 2026, the Canadian economy feels a lot like Charles Dicken’s “A Tale of Two Cities.” The split in the macro-backdrop is sharper than at any point since the post‑pandemic reopening. Raw materials, energy and most USMCA compliant export sectors are healthy while retail, and interest‑rate‑sensitive segments (i.e. housing)
- [Outside The Income Box](https://croftgroup.com/macro-economic-research-report/money-talks-we-listen-outside-the-income-box/) - • OUTSIDE THE INCOME BOX • THE INFLATION RECESSION DEBATE • CUSMA RE-NEGOTIATIONS • DE-BUNKING CONSPIRACY THEORIES
- [AI Mega Cycle Intact, But With More Volatility](https://croftgroup.com/macro-economic-research-report/ai-mega-cycle-intact-but-with-more-volatility/) - • THE MAGNIFICENT TECH JUNE 5TH SELL-OFF • AI MEGA-CYCLE INTACT, BUT WITH MORE VOLATILITY • RISK MULTIPLICITY • OIL HOLDS NEAR $100 AS TENSIONS PERSIST • BIOTECH BREAKOUTS AND THE GLP‑1 ARMS RACE • BITCOIN BREAKS
- [Portfolio Managers’ Brief: April 2026](https://croftgroup.com/portfolio-managers-brief/portfolio-managers-brief-april-2026/) - Inflation Shock Reset the Market Narrative • Markets absorbed a real, energy-driven inflation shock, not just expectations. • Higher oil prices are now directly impacting growth forecasts and consumer sentiment.
- [Money Talks We Listen - March 2026 Macro-Economic Research Report](https://croftgroup.com/macro-economic-research-report/money-talks-we-listen-march-2026-macro-economic-research-report/) - MIDDLE EAST CONFLICT It’s funny how certain thoughts surface as impactful headlines break into the news cycle. When the U.S. partnered with Israel to attack Iran, I was reminded of a December 1971 article published in U.S. News & World Report. It was an interview with U.S. Senate Democratic Leader Mike Mansfield which aside from
- [Portfolio Managers’ Brief: March 2026](https://croftgroup.com/portfolio-managers-brief/portfolio-managers-brief-march-2026/) - March reinforced the market shift we discussed last month toward greater selectivity, but added a new variable as geopolitical tensions escalated following Operation Epic Fury. This triggered a spike in oil prices, a shift lower in interest rate expectations, and a short-term increase in market volatility. Markets pulled back as investors questioned whether this was the start of a broader sell-off or simply temporary volatility.
- [Portfolio Managers’ Brief: February 2026](https://croftgroup.com/portfolio-managers-brief/portfolio-managers-brief-february-2026/) - February 2026 Key Takeaways The Starting Point Markets entered January with three dominant assumptions: rate cuts were coming, AI would continue to lead, and safe-haven assets remained in favor. January tested how durable those assumptions were when confronted with stronger economic data, shifting policy expectations, and crowded positioning. Market Performance Snapshot Canadian and U.S. markets finished 2025 with strong returns. Early 2026 performance reflects a more mixed and selective environment. Leadership is no longer broad-based, particularly within technology. Rates: Expectations Were Repriced
- [Croft Financial Group Appoints Nathalia Junqui CFO](https://croftgroup.com/news-release/croft-financial-group-appoints-nathalia-junqui-cfo/) - We are excited to share an important management update! Effective immediately, Nathalia Junqui has been appointed Chief Financial Officer of the Croft Financial Group (CFG). Nathalia moves into this new role from her position as Group Controller, bringing with her a strong foundation of experience from her time at one of Latin America’s largest publicly traded transportation infrastructure firms,
- [The Case for Gold](https://croftgroup.com/podcast/the-case-for-gold/)
- [What's Next for Canadian Financials?](https://croftgroup.com/podcast/whats-next-for-canadian-financials/)
- [ The Golden Age?](https://croftgroup.com/macro-economic-research-report/the-golden-age/) - Calling 2025 a “good year” for gold would be a considerable understatement. It was more a full‑blown victory parade. Up more than 60% year over year, cracking fifty all‑time new highs in the process, gold is more expensive (inflation‑adjusted) than at almost any moment in modern financial history. Not surprisingly, analysts are split about where
- [Portfolio Managers’ Brief: December 2025](https://croftgroup.com/portfolio-managers-brief/portfolio-managers-brief-december-2025/) - Key Takeaways November 2025 Markets at New Highs, But Leadership Is Narrow North American equities hit new highs on cooler inflation and resilient Q3 earnings, but gains are increasingly concentrated in select sectors and mega-cap names. Day-to-day moves are being driven more by central bank messaging than the rate cuts themselves. Index Scorecard (YTD Snapshot) […]
- [Money Talks We Listen: December 2025 PARTS 1 & 2](https://croftgroup.com/podcast/the-state-of-canadian-energy-money-talks-we-listen/) - Richard and Brian dive into Canadian Energy and what it means for investors today. They explore how oil, gas, and energy infrastructure are shaping market returns and in the follow-up episode, explore what’s driving sector rotation, how macroeconomic forces influence leadership shifts, and what these moves may be telling us about the market’s next phase.
- [PILOT - Money Talks We Listen](https://croftgroup.com/podcast/pilot-money-talks-we-listen/) - Step behind the headlines as Richard and Brian act like referees in the financial arena—calling offsides, issuing penalties, and keeping the game fair. With no bias toward good or bad, every discussion is grounded in the clearest signal available: the movement of money. By following where dollars actually flow, they cut through noise and opinion to deliver fact-based insights, helping listeners understand the real forces shaping investment decisions and the markets.
- [A.I. Bubble?](https://croftgroup.com/macro-economic-research-report/ai-bubble/) - In November, U.S. hyper-scalers saw their stocks sell off despite posting earnings that exceeded expectations. The downturn was largely attributed to investor unease over the massive capital outlays tied to A.I. data center expansion. Analysts are now asking the modern-day version of “where’s the beef.” Specifically, what is the ultimate return on this unprecedented spending
- [2025 Tax Year Changes](https://croftgroup.com/the-accounting-place/2025-tax-year-changes/) - Federal Tax Cut Canada has reduced the federal income tax rate for the first tax bracket from 15% to 14%, effective July 1, 2025. Details of the Tax Cut Effective Date: The new 14% rate applies to income earned from July 1, 2025, onward. 2025 Blended Rate: For the 2025 tax year, a blended rate of 14.5% is
- [Portfolio Managers’ Brief: November 2025](https://croftgroup.com/portfolio-managers-brief/portfolio-managers-brief-november-2025/) - Key Takeaways November 2025 Markets at New Highs, But Leadership Is Narrow North American equities hit new highs on cooler inflation and resilient Q3 earnings, but gains are increasingly concentrated in select sectors and mega-cap names. Day-to-day moves are being driven more by central bank messaging than the rate cuts themselves. Index Scorecard (YTD Snapshot) […]
- [Portfolio Managers’ Brief: September 2025](https://croftgroup.com/portfolio-managers-brief/portfolio-managers-brief-september-2025/) - Key Takeaways U.S. Market Leadership Canadian Market Momentum Index Performance (YTD) (September 25th , 2025) Valuation Concerns Fed Chair Powell’s Caution Technical Indicators Small-Cap Risks Central Bank Shifts Labour Market Cooling U.S. Canada Inflation & Policy Outlook Portfolio Positioning Final Thoughts
- [Portfolio Managers’ Brief: August 2025](https://croftgroup.com/portfolio-managers-brief/portfolio-managers-brief-august-2025/) - Key Takeaways – August 2025 Market Overview U.S. markets up ~9% YTD, led by a handful of mega-cap tech names (~35% of S&P 500’s value). TSX up ~12.5% YTD, driven by financials and energy; potential BoC cut in September could provide further support. Concentration Risks U.S. – Narrow leadership in six mega-cap tech stocks; valuations
- [The Epstein Deflection](https://croftgroup.com/macro-economic-research-report/the-epstein-deflection/) - MID 2025 OUTLOOK Cue the music as we pay homage to the Eagle’s classic Hotel California. Where the ‘dark desert highway’ leads to a shimmering light cascading on an economic labyrinth that could be heaven or hell! Enter the Tiffany-twisted consumer and her pretty, pretty boys dancing in the courtyard. In our own twisted way
- [Portfolio Managers’ Brief: July 2025](https://croftgroup.com/portfolio-managers-brief/portfolio-managers-brief-july-2025/) - A brief review of market conditions and how they are impacting the management decisions of our Investment Review Committee (IRC).
- [Portfolio Managers’ Brief: June 2025](https://croftgroup.com/portfolio-managers-brief/portfolio-managers-brief-june-2025/) - A brief review of market conditions and how they are impacting the management decisions of our Investment Review Committee (IRC).
- [Portfolio Managers’ Brief: May 2025](https://croftgroup.com/portfolio-managers-brief/portfolio-managers-brief-may-2025/) - A brief review of market conditions and how they are impacting the management decisions of our Investment Review Committee (IRC).
- [Why So Sad?](https://croftgroup.com/macro-economic-research-report/why-so-sad/) - Trying to make investment decisions while operating in a vacuous state is like trying to win at poker with a deck that keeps reshuffling itself mid-hand. A stray comment from a central banker, a vague tweet from a billionaire President, haphazard tariff headlines and trade deals that are more about strategy than substance have sent
- [Potomac Fever](https://croftgroup.com/macro-economic-research-report/potomac-fever/) - The forecasting business is premised on the position that “what-was-will-continue-to-be!” Within that framework, economists review historical precedents and assign probabilities to potential outcomes. The idea that predicting macro-economic outcomes is more art than science is recognition that forecasting exists in an environment of fragmented markets exposed to unpredictable crosscurrents and fraught with unknowable geo-political events.
- [Portfolio Managers’ Brief: April 2025](https://croftgroup.com/portfolio-managers-brief/portfolio-managers-brief-april-2025/) - A brief review of market conditions and how they are impacting the management decisions of our Investment Review Committee (IRC).
- [Capital Gains Taxation – Election Promises](https://croftgroup.com/the-accounting-place/capital-gains-taxation-election-promises/) - The federal government announced in the February 2024 budget that the inclusion rate would rise to 66.7% (two-thirds) for capital gains exceeding $250,000 annually for individuals, as well as for corporations and trusts. However, in January 2025, the government deferred this change to January 1, 2026.
- [Portfolio Managers’ Brief: March 2025](https://croftgroup.com/portfolio-managers-brief/portfolio-managers-brief-march-2025/) - A brief review of market conditions and how they are impacting the management decisions of our Investment Review Committee (IRC).
- [Trumpcession](https://croftgroup.com/macro-economic-research-report/trumpcession/) - Trumpcession? As we listen to President Trump’s tariff “jibber jabber” (the classic line from the hit show Boston Legal), we bear witness to a masterful example of speaking much and saying little! Think of the noise as an unscripted comedy that is all about improvisation and less about a coherent message. Where rationalizing a dumb
- [Strike Three](https://croftgroup.com/macro-economic-research-report/macro-economic-research-strike-three/) - Canada is gearing up for a trade war which, in many ways, feels like an episode of Three Stooges
- [RRSPs and Your 2024 Tax Return](https://croftgroup.com/the-accounting-place/rrsps-and-your-2024-tax-return/) - A Registered Retirement Savings Plan (RRSP) is a cornerstone of Canada’s retirement savings framework, offering individuals a tax-advantaged means to accumulate funds for retirement.
- [Portfolio Managers’ Brief: February 2025](https://croftgroup.com/portfolio-managers-brief/portfolio-managers-brief-february-2025/) - A brief review of market conditions and how they are impacting the management decisions of our Investment Review Committee (IRC).
- [Portfolio Managers’ Brief: January 2025](https://croftgroup.com/portfolio-managers-brief/portfolio-managers-brief-january-2025/) - A brief review of market conditions and how they are impacting the management decisions of our Investment Review Committee (IRC).
- [The Elephant in the Room](https://croftgroup.com/macro-economic-research-report/macro-economic-research-the-elephant-in-the-room/) - You can’t miss it… the metaphorical elephant in the room. That outsized awkward issue that we pretend not to see.
- [Charitable Donations & Taxation](https://croftgroup.com/the-accounting-place/charitable-donations-taxation/) - The Government of Canada has announced an extension of 2024 charitable donations to February 28, 2025.
- [Animal Spirits](https://croftgroup.com/macro-economic-research-report/macro-economic-research-animal-spirits/) - Since the landslide victory of Donald J Trump, the stock market has surged to record highs propelled by animal spirits. To understand animal spirits, imagine the stock market as a jungle….
- [Landside](https://croftgroup.com/macro-economic-research-report/november-25-2024-macro-economic-research-report/) - First a caveat. As a proud Canadian, I have no skin in this game. Whatever one thinks about Donald Trump, does not change the fact he will be leading the US government for at least the next four years.
- [Portfolio Managers’ Brief: November 2024](https://croftgroup.com/portfolio-managers-brief/portfolio-managers-brief-november-2024/) - A brief review of market conditions and how they are impacting the management decisions of our Investment Review Committee (IRC).
- [Harvesting Capital Gains and Losses](https://croftgroup.com/the-accounting-place/harvesting-capital-gains-and-losses/) - Prior to the end of each tax year, Financial and Investment Advisors review the portfolios of their clients with an eye to “Tax Loss Selling”. The idea behind this annual review is multifold but in November and December, the focus becomes which investments have lost value, and does it make sense to sell the investment
- [It’s Alive](https://croftgroup.com/macro-economic-research-report/its-alive/) - Since the lows of last November, North American financial markets have come alive like a phoenix rising from the ashes. The welcomed 50 bp rate cut by the Fed was really a cherry on top of the sundae. The real story is the marked change in the tone of Fed Speak.
- [Portfolio Managers’ Brief: September 2024](https://croftgroup.com/portfolio-managers-brief/portfolio-managers-brief-september-2024/) - A brief review of market conditions and how they are impacting the management decisions of our Investment Review Committee (IRC).
- [Back to School](https://croftgroup.com/the-accounting-place/back-to-school/) - While students in primary or secondary school will not see any notable changes in finances, it’s a different story for Post-Secondary students as they now enter the world of Financing and Taxation.
- [MACRO-ECONOMIC RESEARCH - FIRE, AIM, READY](https://croftgroup.com/macro-economic-research-report/macro-economic-research-fire-aim-ready/) - If it were not enough that investors are digesting less than stellar second quarter earnings, they are also dealing with the mixed seasonal patterns unique to August. August tends to be a mediocre month for stocks, with no strong directional bias.
- [Portfolio Managers’ Brief: August 2024](https://croftgroup.com/portfolio-managers-brief/portfolio-managers-brief-august-2024/) - A brief review of market conditions and how they are impacting the management decisions of our Investment Review Committee (IRC).
- [Portfolio Managers’ Brief: June 2024](https://croftgroup.com/portfolio-managers-brief/portfolio-managers-brief-june-2024/) - A brief review of market conditions and how they are impacting the management decisions of our Investment Review Committee (IRC).
- [MACRO-ECONOMIC RESEARCH - The Value Contradiction](https://croftgroup.com/macro-economic-research-report/macro-economic-research-the-value-contradiction/) - When we think about value stocks, we think low price to earnings multiples and above average dividends. It makes value stocks ideal candidates for retirees seeking regular income with limited downside variability.
- [Portfolio Managers’ Brief: May 2024](https://croftgroup.com/portfolio-managers-brief/portfolio-managers-brief-may-2024/) - A brief review of market conditions and how they are impacting the management decisions of our Investment Review Committee (IRC).
- [Portfolio Managers’ Brief: April 2024](https://croftgroup.com/portfolio-managers-brief/portfolio-managers-brief-april-2024/) - A brief review of market conditions and how they are impacting the management decisions of our Investment Review Committee (IRC).
- [MACRO-ECONOMIC RESEARCH - An Option Primer                                                                                                                                          ](https://croftgroup.com/macro-economic-research-report/macro-economic-research-an-option-primer/) - COVERED CALLS: A CLOSER LOOK AT THE STRATEGY’S HIDDEN COMPLEXITIES Picture this, while sitting in your kitchen contemplating the meaning of life or at least, the performance of your portfolio, you read an article questioning the value of writing covered calls. Suddenly the heartache of lost opportunity washes over you because covered call strategies are
- [Macro-Economic Research – U.S. Expansion](https://croftgroup.com/macro-economic-research-report/macro-economic-research-u-s-expansion/) - Are we in the early stages of a 1990’s style global expansion? At a minimum, the performance of US stocks tells us that the American Dream is alive and well.

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- [About us - Licensed Discretionary Portfolio Management](https://croftgroup.com/about-us/) - About us - Croft Financial Group is a Licensed Discretionary Portfolio Management and Investment Fund Management company.
- [Easy to use, timely resources to monitor your investment performance](https://croftgroup.com/resources/) - Easy to use, timely resources to monitor your investment performance - an integral part of sound financial planning.
- [Client Service Request forms for advisors and investors](https://croftgroup.com/client-service-requests/) - Client service request forms for advisors and investors.
- [Contact us for professional results](https://croftgroup.com/contact/) - CFG provides services across Canada and can respond to your wealth management and investment needs - contact us for professional results.
- [Copyright, confidentiality agreement and privacy policy](https://croftgroup.com/privacy-policy/) - Copyright, confidentiality agreement and privacy policy for Croft Financial Group.
- [We can offer actively managed solutions for investors](https://croftgroup.com/for-investors/) - Croft Financial Group offers sophisticated, actively managed solutions for investors regardless of portfolio size.
- [Follow us for market updates, monthly briefs and insights](https://croftgroup.com/blog/) - market updates, monthly briefs and insights
- [Secure online investor forms -](https://croftgroup.com/resources/forms/) - Trusted contact and KYC update - secure online investor forms
- [Stay informed with Fund and Mandate Fact Sheets](https://croftgroup.com/fact-sheets/) - Croft Group Financial fund and mandate fact sheets - quarterly updates and downloadable PDFs
- [Real Wealth Check-Up](https://croftgroup.com/real-wealth-check-up/) - The Real Wealth Check-Up™ lets you bring estate, tax, insurance, and retirement expertise directly to your clients — a complete, coordinated team working under your direction.
- [The Castlemark Partnership - transition your insurance and seg funds](https://croftgroup.com/the-castlemark-partnership/) - [et_pb_section fb_built=”1″ _builder_version=”4.27.4″ _module_preset=”default” background_color=”#103429″ background_image=”https://croftgroup.com/wp-content/uploads/2025/02/CFG_cwm_heroshot.jpg” parallax=”on” background_blend=”soft-light” min_height=”100vh” min_height_tablet=”100vh” min_height_phone=”auto” min_height_last_edited=”on|phone” animation_style=”fade” animation_delay=”250ms” custom_css_main_element=”display: flex;||flex-direction: column;||justify-content: center; ” global_colors_info=”{}”][et_pb_row _builder_version=”4.21.0″ _module_preset=”default” width=”90%” animation_style=”fade” animation_delay=”500ms” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][dsm_dual_heading before_text=”seamlessly ” middle_text=”transition your insurance” heading_html_tag=”h1″ before_background_color=”RGBA(255,255,255,0)” middle_background_color=”RGBA(255,255,255,0)” before_padding=”24px||||false|false” _builder_version=”4.27.4″ _module_preset=”default” header_font=”|300|||||||” header_text_color=”#E3E0D9″ before_font=”Montserrat|500||on|||||” before_text_color=”#DEB445″ middle_text_color=”#E3E0D9″ text_orientation=”center” custom_margin=”||0px|||” custom_padding=”||0px|||” global_colors_info=”{}”][/dsm_dual_heading][dsm_dual_heading before_text=” ” middle_text=”and segregated fund
- [The Croft Advantage - spend more time with your clients](https://croftgroup.com/the-croft-advantage/) - The Croft Advantage allows our Advisor partners spend more time with their clients and building their business, leaving the compliance and administation to us.
- [Test elements](https://croftgroup.com/test-elements/) - [et_pb_section fb_built=”1″ _builder_version=”4.27.5″ _module_preset=”default” background_color=”#D6D0C5″ background_image=”https://croftgroup.com/wp-content/uploads/2023/07/CFG_line_pattern5.svg” background_size=”custom” background_image_height=”69%” background_position=”top_left” background_blend=”multiply” custom_padding=”||||false|false” global_colors_info=”{}”][et_pb_row column_structure=”1_2,1_2″ use_custom_gutter=”on” gutter_width=”1″ _builder_version=”4.27.5″ _module_preset=”default” module_alignment=”right” custom_margin=”||||false|false” custom_padding=”||||false|false” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.27.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.5″ _module_preset=”default” header_4_font=”Montserrat||||||||” transform_translate_linked=”off” custom_margin=”||30px||false|false” global_colors_info=”{}”]Have a question or need support? Submit your request and we’ll ensure it reaches the right team member.[/et_pb_text][et_pb_contact_form use_spam_service=”on” recaptcha_list=”o2creative|o2creative-0″ email=”info@croftgroup.com” _builder_version=”4.27.5″ _module_preset=”default” _unique_id=”CFG_expandedform” form_field_background_color=”RGBA(255,255,255,0)”
- [CFG Knowledge Base](https://croftgroup.com/cfg-knowledge-base/) - [et_pb_section fb_built=”1″ _builder_version=”4.27.4″ _module_preset=”default” background_color=”#D6D0C5″ background_image=”https://croftgroup.com/wp-content/uploads/2023/07/CFG_line_pattern7.svg” background_size=”custom” background_image_height=”30%” background_position=”bottom_left” custom_margin=”0px||0px||false|false” custom_padding=”0px||0px||false|false” global_colors_info=”{}”][et_pb_row _builder_version=”4.27.4″ _module_preset=”default” background_color=”RGBA(255,255,255,0)” width=”100%” custom_margin=”0px||||false|false” custom_padding=”0px||||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_code _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”] Welcome to our Knowledge Base Filter by categories Clear Results Advisor Guidelines Cash and Security Movement Requests CFG and NBIN Systems Client Account Opening Client Information Updates Client/Advisor Communication
- [Relationship Disclosure Document](https://croftgroup.com/relationship-disclosure-document/) - [et_pb_section fb_built=”1″ _builder_version=”4.27.4″ _module_preset=”default” background_color=”#E3E0D9″ background_image=”https://croftgroup.com/wp-content/uploads/2023/07/CFG_line_pattern12.svg” background_size=”custom” background_image_width=”60%” background_position=”top_right” min_height=”50vh” min_height_tablet=”50vh” min_height_phone=”50vh” min_height_last_edited=”on|phone” custom_padding=”||0px||false|false” animation_style=”fade” animation_delay=”250ms” custom_css_main_element=”display: flex;||flex-direction: column;||justify-content: center; ” global_colors_info=”{}”][et_pb_row _builder_version=”4.27.4″ _module_preset=”default” width=”70%” custom_padding=”||2px|||” animation_style=”fade” animation_delay=”500ms” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][dsm_dual_heading before_text=”Relationship Disclosure ” middle_text=”document” heading_html_tag=”h1″ before_background_color=”RGBA(255,255,255,0)” middle_background_color=”RGBA(255,255,255,0)” before_padding=”||||false|false” middle_padding=”24px||||false|false” _builder_version=”4.27.4″ _module_preset=”default” header_font=”|300|||||||” header_text_color=”#008246″ before_font=”Noto Serif Display|300|||||||” before_text_color=”#008246″ before_font_size=”58px” middle_font=”–et_global_body_font|500||on|||||” middle_font_size=”24px” text_orientation=”left” custom_margin=”||0px|||”
- [What to do if you have a complaint](https://croftgroup.com/complaints-policy/) - Complaint Policy

## Team Members

- [Jason Ayres](https://croftgroup.com/team/jason-ayres/) - Jason Ayres is CEO of the Croft Financial Group, partner in the firm, member of the Board of Directors and a Derivative Market Specialist by designation. As CEO of the Croft Financial Group (CFG), Jason also oversees two wholly owned subsidiary companies: Castlemark Wealth Management, a thriving financial planning and insurance firm, and The Accounting
- [Christopher Croft](https://croftgroup.com/team/christopher-croft/) - CHRISTOPHER CROFT began his career with the Croft team in 2007 in the role of order entry and administrative support. He has played a key role in developing corporate policies and procedures designed to work within the firm’s legal and regulatory environment, as well as its mandate to serve its clients in the best possible
- [Mark McAdam](https://croftgroup.com/team/mark-mcadam/) - MARK MCADAM is a Portfolio Manager at R N Croft Financial, which he joined in 2013. Mr. McAdam is the Lead Portfolio Manager for the CFG Custom Portfolio Corporation – Income Share Class, where he is responsible for portfolio construction, security selection, risk management, and ongoing oversight of income-generating strategies. The mandate focuses on delivering
- [Bo Chew](https://croftgroup.com/team/bo-chew/) - As a registered Portfolio Manager with Croft, Bo actively manages portfolios tailored to clients’ risk levels on a discretionary basis through an efficient 3 mandate trading platform with low fee structure. Clients are invested according to 1 of 3 actively managed LFG Model Portfolios – evolving mix of Croft Financial Group pools, , third-party specialty
- [Jack Morris](https://croftgroup.com/team/jack-morris/) - Jack has proven the age old belief that former teachers make the best advisors, time and time again, since 1981. Teachers are trained to learn and explain their new found knowledge. Jack has made it his mission to continue to learn and develop, and then share his knowledge with his treasured clients! Throughout his career,
- [John C. Hood](https://croftgroup.com/team/john-c-hood/) - John C. Hood is a seasoned portfolio manager with a notable career in the financial services industry. He first registered in the securities industry in 1980 and has amassed extensive experience in trading equities and derivatives. For sixteen years, Hood served as the President and Chief Portfolio Manager at J.C. Hood Investment Counsel. His academic
- [Daniel Roy](https://croftgroup.com/team/daniel-roy/) - Certified as a Retirement Coach, Financial Planner and International Wealth Manager, I provide a unique offering, and serve an equally unique client base – those who value a holistic, informed approach that goes beyond money management to incorporate aspirations for a fulfilling life.Since my financial services career began in 1987, I’ve applied a zeal for
- [Richard N. Croft](https://croftgroup.com/team/richard-n-croft/) - RICHARD N. CROFT has been in the securities business since 1975. Since February 1993, Mr. Croft has been licensed as an investment counselor/portfolio manager. Richard has written extensively on utilizing individual stocks, mutual funds and exchangetraded funds within a portfolio model. His work includes nine books and thousands of articles and commentaries for Canada’s largest
- [Katherine Wright](https://croftgroup.com/team/katherine-wright/) - Stay tuned for complete biography.
- [Kelly Morris](https://croftgroup.com/team/kelly-morris/) - Kelly has spent his life preparing for his role as a financial advisor and analyst. After having spent his formative years in Winnipeg involved in anything and everything, he graduated from College Louis Riel, in 1991, and began his journey of discovering the world. He has lived in various places, travelled a great deal and
- [Jordan Rosenberg](https://croftgroup.com/team/jordan-rosenberg/) - A native of Kitchener, Ontario, Jordan is a graduate of Carleton University with a degree in Law & Sociology. Jordan entered the financial services industry in 1991 selling Investments, Life and Disability Insurance. In 1993 he joined Dynamic Mutual Funds and quickly moved up the sales and marketing ranks, becoming one of their youngest Vice
- [Jason Keogh](https://croftgroup.com/team/jason-keogh/) - Jason is an accomplished sales and investment management professional . Previously he has been responsible for driving strategic arrangements using a consultative approach with financial advisors, mutual fund and investment dealers. Over Jason’s 28-year career within the industry, he has experience as a registered Portfolio Manager where he focused on helping individuals and families build
- [Diane Bode](https://croftgroup.com/team/diane-bode/) - Diane's key strengths include the ability to achieve maximum gains in client satisfaction and cost control. Adaptable, thriving in an environment of challenge and change, she works tirelessly to ensure CFG is operating seamlessly.
- [Richard Orrell](https://croftgroup.com/team/richard-orrell/) - Richard Orrell is a Portfolio Manager with Croft Financial Group (CFG) and a member of the Investment Review Committee (IRC). As a Portfolio Manager, Richard provides discretionary investment advice to individual and institutional clients on the Croft platform. In addition, Richard provides ongoing advisor and client relationship support through the facilitation of onboarding and KYC
- [Neil Gross](https://croftgroup.com/team/neil-gross/) - NEIL GROSS is a capital markets policy consultant based in Toronto. He is a member of the CEO Advisory Council at the Ontario Securities Commission (OSC) and the national Investor Advisory Panel for Canada’s regulatory coordinating body, the Canadian Securities Administrators (CSA). Neil also serves on the Mortgage Brokering Technical Advisory Committee at Ontario’s Financial
- [Kevin Gebert](https://croftgroup.com/team/kevin-gebert/) - Some facts about Kevin: Works with clients in British Columbia, Alberta and Ontario Associative Arts Degree Certified Instructor – The Knowledge Bureau Published Author Developed an Investment Course that is presented to grade 11 & 12 students Volunteer in the education system and with athletes with disabilities Presents Financial Planning seminars in the community Kevin's certifications:
- [Alex Brandolini](https://croftgroup.com/team/alex-brandolini/) - ALEX BRANDOLINI joined R.N. Croft Financial Group Inc. in November 2013 as Research Associate and was promoted in July 2014 to the position of Associate Portfolio Manager. He has been in the industry for over eight years in various capacities, and brings with him a diverse background in investment consultation, relationship management, operational support, and
- [Brian McAree](https://croftgroup.com/team/brian-mcaree/) - Brian McAree serves as a Portfolio Manager at Croft Financial Group (CFG), bringing valuable expertise to the Investment Review Committee (IRC). In his role, Brian collaborates closely with the Portfolio Management team to deliver discretionary investment advice to both individual and institutional clients within the Croft platform. He plays a pivotal role in facilitating Know
- [Bella White](https://croftgroup.com/team/bella-white/) - bella white
- [Danielle Park](https://croftgroup.com/team/danielle-park/) - Danielle worked as an attorney until 1997, when she was recruited by an international securities firm. A Chartered Financial Analyst (CFA) and Certified Financial Planner (CFP), Danielle co-founded Venable Park Investment Counsel Inc. in 2003. Venable Park was acquired by Croft Financial Group in January 2026. For decades, Danielle has been writing, speaking, and educating industry
- [Cory Venable](https://croftgroup.com/team/cory-venable/) - A Fellow of the Canadian Securities Institute with 30 years of market experience, Cory developed a quantitative risk management method used to address price risk. Cory has a Bachelor of Health Sciences and is a member of the Canadian Society of Technical Analysts (CSTA), the American Finance Association (AFA), and the Market Technicians Association (MTA) based in
- [Colleen McHale-Harvey](https://croftgroup.com/team/colleen-mchale-harvey/) - Colleen brings to the team, over 25 years of experience in the portfolio administration and support area. Colleen is a graduate of the Canadian Investment Manager Course (CIM) and Professional Financial Planning Course (PFP) and is a Fellow of the Canadian Securities Institute.
- [Wendy McGean](https://croftgroup.com/team/wendy-mcgean/) - Wendy brings over 15 years of experience in the client administration and support area. Wendy has a Bachelor of Science (Math & Chemistry) as well as a diploma in Computer Science. She is also a graduate of the Canadian Investment Manager Course (CIM).
- [Nathalia Junqui](https://croftgroup.com/team/nathalia-junqui/) - Nathalia Castilho Junqui holds a Bachelor's Degree in Economics and an Honors Diploma in Accounting and currently serves as the Group Financial Controller for Croft Financial Group and its two wholly owned subsidiaries, Castlemark Wealth Management and The Accounting Place. With a proven track record of excellence, Nathalia joined the Croft Financial Group over three
- [Brie Mu](https://croftgroup.com/team/brie-mu/) - Brie is an accomplished client service specialist who excels in providing personalized back office services to clients and advisors in the wealth management industry. With over 10 years of experience, Brie has a proven track record of building strong client relationships and delivering exceptional results. In her current role at Croft Financial Group, Brie focuses
- [Shilei (Freda) Chen](https://croftgroup.com/team/shilei-freda-chen/) - Motivated and innovative Actuarial and Financial Mathematics graduate with extensive academic training in financial modelling and data analysis techniques, Freda has extensive experience in information gathering, creating analytical reports by using SQLite, Excel, SAS. She's a passionate and energetic, working tirelessly in a fast and dynamic workplace to onboard new clients and support her team
- [Kenneth Mulders](https://croftgroup.com/team/kenneth-mulders/) - KENNETH MULDERS, CFA, is Chief Operations Officer and Chief Compliance Officer for R. N. Croft Financial Group Inc. He oversees and leads a team of Portfolio Managers and associated relationship managers to deliver superior, risk‐efficient discretionary investment management products and portfolios for a wide range of Croft clients. Prior to this, Ken held various senior
- [Angie Mondino](https://croftgroup.com/team/angie-mondino/) - Stay tuned for a complete biography.

## CFG Help Center

- [Onboarding New Client/Relationship](https://croftgroup.com/cfg-knowledge-base/client-account-opening/account-relationship/new-client-relationship-onboarding/) - Step 1. Getting Started Download and complete the New Client Account Information Form (PDF). DOWNLOAD CLIENT INFORMATION FILL FORM Important: Save as a .PDF file — do not print to PDF, as this flattens mapped fields needed for the Responsive Onboarding system. Upload the completed PDF to the New Client Folder in the advisor’s Secure
- [Open New Account(s)/Existing Relationship](https://croftgroup.com/cfg-knowledge-base/client-account-opening/account-relationship/open-new-accounts-existing-relationship/) - Even when a client relationship already exists, a complete New Client Account Information Form (PDF) must still be submitted for any new accounts. This ensures our records are fully up to date and compliant with KYC requirements. Relying on existing information on file is not sufficient, as circumstances such as changes in employment, income, tax
- [Protecting Your Financial Future in an Age of AI-Powered Cyber Threats](https://croftgroup.com/cfg-knowledge-base/cyber-security/protecting-your-financial-future-in-an-age-of-ai-powered-cyber-threats/) - Cybercriminals are increasingly using artificial intelligence to amplify phishing, social engineering, deepfakes, voice cloning, and automated attacks. These AI-enhanced tactics are faster, more targeted, and more convincing than traditional methods—creating heightened risk across the investment and financial services sector. A layered, proactive cybersecurity approach is essential to protecting your financial information, accounts, and long-term trust.
- [Key regulatory Do’s and Don’ts for Croft Referral Partners](https://croftgroup.com/cfg-knowledge-base/advisor-guidelines/compliance-advisor-guidelines/key-regulatory-dos-and-donts-for-croft-referral-partners/) - What's acceptable in the partnership arrangement.
- [Free 3 Year tax Recovery Audit](https://croftgroup.com/cfg-knowledge-base/financial-planning-and-tax-filing/free-3-year-tax-recovery-audit/) - Canada operates on a self-assessing tax system; taxpayers are ultimately responsible for calculating the amount of tax to be paid on their income. While there are many ways to complete a tax return, there is only one way that is to the best overall advantage of the individual family unit. The Accounting Place (TAP) will
- [Sharepoint/Couchdrop ADVISOR ACCESS ONLY](https://croftgroup.com/cfg-knowledge-base/cfg-and-nbin-systems/advisor-access/sharepoint-couchdrop/) - At CFG, we use Microsoft SharePoint as our secure, cloud-based platform for storing, organizing, and managing client files. SharePoint provides a centralized, enterprise-grade document management system that ensures data security, access control, version tracking, and compliance with industry regulations. Why SharePoint? SharePoint is a highly secure platform backed by Microsoft’s enterprise cloud infrastructure. It enables
- [Depositing Funds into a Client Account](https://croftgroup.com/cfg-knowledge-base/cash-and-security-movement-requests/depositing-funds-into-a-client-account/) - Client Initiated Deposit – Client Push By Cheque - Cheques should be made payable to NBIN and reference the client’s 7-digit account number. Bank drafts require written verification that the funds were drawn from the client’s bank account Online Bill Payment – Select NBIN and enter the 7-digit NBIN account number as the bill payee.
- [Non-Registered Withdrawals](https://croftgroup.com/cfg-knowledge-base/cash-and-security-movement-requests/non-registered-withdrawals/) - Non-Registered Withdrawal of Under $10,000 Amounts coming out of cash/margin accounts must go into the client bank account information on file. If the funds are to be sent to the clients updated or new bank account, a copy of the void cheque is required. Please use CLIENT SERVICE REQUESTS forms to let CFG know there
- [Systematic Recurring Deposits](https://croftgroup.com/cfg-knowledge-base/cash-and-security-movement-requests/systematic-recurring-deposits/) - To setup a systematic recurring deposit (PAD) the client must sign a Letter of Direction requesting the amount and frequency of the deposit. Amounts will be pulled from the client bank account information on file. If a different bank account is to be used, a new completed Client Authorization for Electronic Funds Transfer Form must
- [Increasing or Decreasing RIF/LIF Withdrawal Payments](https://croftgroup.com/cfg-knowledge-base/cash-and-security-movement-requests/increasing-or-decreasing-rif-lif-withdrawal-payments/) - Increasing RRIF payments – The client must sign a Letter of Direction requesting the change of payments (The LOD must be uploaded). The LOD must specify the amount, the date of the withdrawal and the frequency, and it must also state if the client elects to have additional tax above the minimum withheld. Please use
- [Increasing or Decreasing RIF/LIF Withdrawal Payments](https://croftgroup.com/cfg-knowledge-base/cash-and-security-movement-requests/increasing-or-decreasing-rif-lif-withdrawal-payments/) - Increasing RRIF payments – The client must sign a Letter of Direction requesting the change of payments (The LOD must be uploaded). The LOD must specify the amount, the date of the withdrawal and the frequency, and it must also state if the client elects to have additional tax above the minimum withheld. Please use
- [Withdrawal from Registered Accounts](https://croftgroup.com/cfg-knowledge-base/cash-and-security-movement-requests/withdrawal-from-registered-accounts/) - Amounts coming from a Registered account – The client must sign a Letter of Direction requesting the withdrawal. The LOD must specify if the amount is gross or net of taxes and fees and if they would like to withhold additional tax. Amounts must go into the client bank account information on file. If a
- [Updating Client Bank Account Information](https://croftgroup.com/cfg-knowledge-base/cash-and-security-movement-requests/updating-client-bank-account-information/) - A new completed Client Authorization for Electronic Funds Transfer Form must be completed and uploaded with a copy of a void cheque or a completed Bank Direct Deposit Form. Please use CLIENT SERVICE REQUESTS forms to let CFG know there is an actionable item.
- [Client Service Request Portal – Powered by ClickUp](https://croftgroup.com/cfg-knowledge-base/cfg-and-nbin-systems/advisor-access/client-service-request-portal-powered-by-clickup/) - The Client Service Request Portal is built on ClickUp, our enterprise-grade workflow and task management platform. As part of your onboarding, you will receive a direct link to the portal that you can bookmark for easy access. This link is not available on our public website. Request Management Process: Routing: Requests are automatically routed to
- [Open New Account(s) / New Relationship](https://croftgroup.com/cfg-knowledge-base/macro-economic-research-report/open-new-accounts-new-relationship/) - Definition Open accounts for a brand new client. e.g., “Please open a TFSA, RRSP, and non-registered account for new client John Doe.” Process Information upload and accuracy check Timeline 5–7 business days What You Need to Know Timeline is directly related to completeness and accuracy of the initial documents.
- [National Bank Independent Network (NBIN)](https://croftgroup.com/cfg-knowledge-base/cyber-security/national-bank-independent-network-nbin/) - All CFG client investment accounts are held in their own name at National Bank. National Bank Independent Network is one of Canada’s leading providers of custodial, trading, clearing, settlement and record-keeping services to independent registered portfolio managers, introducing brokers and investment fund managers. Institutional-Grade Security Backed by National Bank of Canada NBIN benefits from the
- [Phishing & Email Threats: Best Practices for CFG Clients & Advisors](https://croftgroup.com/cfg-knowledge-base/cyber-security/phishing-email-threats-best-practices-for-cfg-clients-advisors/) - Cybercriminals are getting more sophisticated every day — and email remains their most common weapon. At Croft Financial Group (CFG), protecting your data is a shared responsibility. Here’s how you can stay safe from phishing and email threats while working with us. We Will NEVER... Ask you to purchase or send gift cards Request that
- [System Access and Permissions](https://croftgroup.com/cfg-knowledge-base/cyber-security/system-access-and-permissions/) - At Croft Financial Group (CFG), protecting our systems and client data begins with robust access controls and secure authentication practices. Multi-Factor Authentication (MFA) We enforce Multi-Factor Authentication on all systems and applications where it is available, including: Microsoft 365 / SharePoint CouchDrop All Portfolio Management, financial Planning and CRM systems including NDEX, Croesus and Responsive
- [Secure Document Handling](https://croftgroup.com/cfg-knowledge-base/cyber-security/secure-document-handling/) - At Croft Financial Group (CFG), safeguarding client and advisor information is a top priority. We’ve implemented a comprehensive Secure Document Handling Protocol to ensure confidentiality, compliance, and peace of mind throughout the onboarding and advisory process. Adobe Sign with Password Protection All onboarding documents sent via Adobe Sign are password protected to ensure only authorized
- [Guidelines for Approval of Small Accounts Below Standard Minimums](https://croftgroup.com/cfg-knowledge-base/client-account-opening/guidelines-for-approval-of-small-accounts-below-standard-minimums/) - 1. Standard Account Minimums Existing Client Relationships:Minimum new account size: $5,000.00 in assets under management (AUM). New Client Relationships:Minimum relationship size: $25,000.00 AUM. Exceptions may be considered under the right business case but require pre-approval by the Chief Compliance Officer (CCO) and CEO prior to initiating client paperwork. 2. Exceptions Process Exceptions must be made
- [Compass - NEW](https://croftgroup.com/cfg-knowledge-base/cfg-and-nbin-systems/advisor-access/compass-new/) - Coming soon
- [Responsive Onboarding System](https://croftgroup.com/cfg-knowledge-base/cfg-and-nbin-systems/advisor-access/responsive-onboarding-system/) - The CFG Responsive onboarding system is designed to streamline the new account opening and transfer process by allowing all required client information to be input quickly and securely based on details provided by our advisor partners. As part of this process, advisors are required to submit completed client fill forms, which include all necessary personal,
- [MyPortfolio+](https://croftgroup.com/cfg-knowledge-base/cfg-and-nbin-systems/client-access/my-portfolio/) - MyPortfolio+ is a secure, web-based platform provided by National Bank Independent Network (NBIN), giving investors 24/7 access to their account information. It offers a simple, reliable way to stay informed about your investment accounts and access key documents anytime, from any device. Key Features: Account Access: View current account balances, holdings, and transaction history across
- [MyPortfolio+ – Advisor View (IA)](https://croftgroup.com/cfg-knowledge-base/cfg-and-nbin-systems/advisor-access/myportfolio-advisor-view-ia/) - This portal supports investment advisors and their clients with account access via NBIN. It offers advisors transparent, 24/7 access to account-level data and documents. Key Features: Real-Time Account Access: View current balances, holdings, and transaction history. Digital Document Access: Access monthly statements, trade confirmations, and annual tax slips. Paperless eDelivery Options: Reduce paperwork and receive
- [Croesus – Internal Portfolio Management and Compliance Platform](https://croftgroup.com/cfg-knowledge-base/cfg-and-nbin-systems/advisor-access/croesus-internal-portfolio-management-and-compliance-platform/) - Croesus is an institutional-grade portfolio management and compliance software platform used internally to support the efficient oversight of client accounts. While it offers a broad suite of wealth management tools, within our environment, Croesus is primarily leveraged by operations, compliance, and portfolio management teams—not by external advisors directly. Capabilities: Portfolio Accounting and Reconciliation: Accurate tracking
- [NDEX Advisor Portal](https://croftgroup.com/cfg-knowledge-base/cfg-and-nbin-systems/advisor-access/ndex-advisor-portal/) - The NDEX Advisor CRM system provides a centralized platform designed to give investment advisors a comprehensive and real-time view of their client relationships, holdings, and interactions. It serves as both a client relationship management tool and a data aggregation engine. Key Features and Capabilities: Unified Client View: Consolidates client financial data across multiple custodians, platforms,
- [Croesus Web Investor](https://croftgroup.com/cfg-knowledge-base/cfg-and-nbin-systems/client-access/croesus-web-investor/) - Croesus Web Investor is a secure, web-based client portal provided by CFG, used by our legacy clients for transparent access to their investment portfolios. Key Features: Portfolio Overview: Clients can view detailed information about their investment holdings, including asset allocation, performance metrics, and transaction history. Document Access: The portal provides access to essential documents such
- [NDEX Client Portal](https://croftgroup.com/cfg-knowledge-base/cfg-and-nbin-systems/client-access/ndex-client-portal/) - The NDEX Client Portal offers clients a secure, web-based interface to view their portfolios, access documentation, and engage with their advisory team. It reinforces transparency, supports digital service delivery, and provides clients with self-service access to their financial information anytime, anywhere. Key Capabilities: Secure Access: Protected by bank-grade encryption and multi-factor authentication. Portfolio Dashboard: Real-time
- [Managed Investment Account Agreement (MIAA)](https://croftgroup.com/cfg-knowledge-base/investor-profile-review/managed-investment-account-agreement-miaa/) - Understanding the Managed Investment Account Agreement (MIAA) At Croft Financial Group, transparency and clarity are foundational to the service we provide. One of the most important documents you'll review and sign during the onboarding process is the Managed Investment Account Agreement (MIAA). This agreement outlines how we manage your investments, what responsibilities each party has,
- [Investment Profile Questionnaire (IPQ)](https://croftgroup.com/cfg-knowledge-base/investor-profile-review/investment-profile-questionnaire-ipq/) - the foundation of a strong investment relationship starts with understanding you—your financial goals, your risk tolerance, and your investment preferences. One of the most important tools in this process is the Investment Profile Questionnaire (IPQ), which plays a central role during your Investor Profile Review—the onboarding discussion you’ll have with one of our Portfolio Managers.
- [Investor Profile Review Call - An Introduction](https://croftgroup.com/cfg-knowledge-base/investor-profile-review/investor-profile-review-call-an-introduction/) - The Investor Profile Review is one of the first—and arguably most important—steps in ensuring we deliver investment management services tailored to your specific needs. Here is what you need to know about this step: Your advisor will coordinate with a member of the Croft Financial Group Portfolio Management team to schedule a time to complete
- [About The Accounting Place](https://croftgroup.com/cfg-knowledge-base/financial-planning-and-tax-filing/about-the-accounting-place/) - The Accounting Place – Strategic Tax Planning Without the Jargon Founded in 1999, The Accounting Place (TAP) brings over two decades of hands-on tax planning and financial expertise to individuals, families, and businesses across Canada. Known for its straightforward, client-friendly approach, TAP helps clients cut through complexity to understand and manage their finances more effectively—saving
- [About Castlemark Wealth Management](https://croftgroup.com/cfg-knowledge-base/financial-planning-and-tax-filing/about-castlemark-wealth-management/) - Overview Established in 2011, Castlemark Wealth Management (CWM) is a wholly owned subsidiary of R.N. Croft Financial Group Inc., offering personalized financial planning and wealth management in a boutique-style setting. Castlemark combines the resources of a larger financial institution with the customized service and attention clients expect from a dedicated planning team. Comprehensive Financial Planning
- [Real Wealth Management™ (RWM™)](https://croftgroup.com/cfg-knowledge-base/financial-planning-and-tax-filing/real-wealth-management-rwm/) - Since 1993 R N Croft Financial Group Inc. has been a Licensed Discretionary Portfolio Management and Investment Fund Management company since, proudly serving investors and investment professionals across Canada. Our comprehensive team of Portfolio Managers, Financial Planners, Tax, and Insurance Specialists collaborate to help clients achieve their specific financial goals. Real Wealth Management™ (RWM™) At
- [When Will a Client Be Contacted Directly?](https://croftgroup.com/cfg-knowledge-base/professional-development/when-will-a-client-be-contacted-directly/) - As a registered firm, Croft Financial Group (CFG) has a regulatory obligation to maintain an open and transparent line of communication with all clients. This ensures clients receive timely, accurate, and relevant information—particularly in instances where direct contact is necessary. Whether driven by operational workflows (e.g., e-signatures, system notifications), regulatory requirements (e.g., compliance enquiries, transfer
- [When Will an Advisor Be Contacted?](https://croftgroup.com/cfg-knowledge-base/professional-development/when-will-an-advisor-be-contacted/) - Advisors play a critical role in maintaining strong client relationships and serve as a key bridge between clients and the CFG Portfolio Management and Client Services teams. To ensure clients are invested appropriately and receive the services they need, it is essential that CFG has access to the most accurate and up-to-date information—something made possible
- [Retirement Income Accounts](https://croftgroup.com/cfg-knowledge-base/client-account-opening/account-type-selection/retirement-income-accounts/) - Used when clients begin drawing income from retirement savings. LIF (Life Income Fund) Use Case: Converts LIRA into income. Withdrawals: Subject to minimum and maximum annual limits based on age and jurisdiction. Restrictions: Cannot withdraw lump sums (unless unlocking rules apply). RLIF (Restricted Life Income Fund) Use Case: Receives RLSP transfers. Note: Same as LIF
- [Corporate & Trust Accounts](https://croftgroup.com/cfg-knowledge-base/client-account-opening/account-type-selection/corporate-trust-accounts/) - Corporate Account Use Case: For small businesses, holding companies, or professional corps investing retained earnings. Tax: Subject to corporate tax rates. Income from passive investments over $50,000 may reduce small business tax deduction. Benefit: Allows deferral and control of taxable income. Useful for reinvesting within the company. ITF CAD (In Trust For) Use Case: Informal
- [Tax-Free & Education Accounts](https://croftgroup.com/cfg-knowledge-base/client-account-opening/account-type-selection/tax-free-education-accounts/) - TFSA (Tax-Free Savings Account) Use Case: General savings with no tax on growth or withdrawals. Contribution: Indexed annually; 2025 limit is $7,000; total room since 2009 is over $95,000. Common Uses: Emergency fund, investing for large purchases, retirement supplement. FHSA (First Home Savings Account) Use Case: For first-time home buyers under age 71. Benefits: Combines
- [Registered Accounts](https://croftgroup.com/cfg-knowledge-base/client-account-opening/account-type-selection/registered-accounts/) - Government-sponsored plans designed to support retirement and home ownership. Offer tax deferral or deduction benefits, but come with contribution limits, withdrawal rules, and locked-in features. FHSA (First Home Savings Account) Use Case: For first-time home buyers under age 71. Benefits: Combines RRSP-style deductions with TFSA-style withdrawals. Limit: $8,000 annual contribution; $40,000 lifetime. Consideration: Must be
- [Margin Accounts](https://croftgroup.com/cfg-knowledge-base/client-account-opening/account-type-selection/margin-accounts/) - Investment accounts that allow clients to borrow against existing assets to increase buying power. This introduces additional risk and requires margin compliance.Important Note: At CFG, we do not trade on margin as a standard practice. However, margin accounts may be required or utilized in specific scenarios: Temporary use to cover a withdrawal before trades settle
- [Cash Accounts](https://croftgroup.com/cfg-knowledge-base/client-account-opening/account-type-selection/cash-accounts/) - Simple, non-leveraged investment accounts used for buying and selling securities. Clients cannot borrow to purchase securities in these accounts. Cash Account (CAD) Currency: Canadian Dollars Use Case: Standard taxable investment account for Canadian residents. Suitability: Clients with low to moderate trading frequency who do not want or need leverage. Tax: Gains, interest, and dividends are
- [Know Your Client (KYC) Updates](https://croftgroup.com/cfg-knowledge-base/client-information-updates/kyc-update-instructions/) - At Croft Financial Group (CFG), maintaining an up-to-date understanding of each client’s financial situation, objectives, and risk tolerance is essential to delivering prudent, personalized portfolio management. To meet regulatory obligations and ensure ongoing portfolio alignment, CFG conducts periodic Know Your Client (KYC) reviews. This includes requiring clients to submit a completed KYC Update Questionnaire annually
- [Account Type Selection](https://croftgroup.com/cfg-knowledge-base/client-account-opening/account-type-selection/account-type-selection/) - At CFG, selecting the appropriate account type is a critical part of the overall wealth management process. As a discretionary Portfolio Manager, we take full responsibility for the ongoing management of client portfolios, and we work in close collaboration with clients and their financial advisors, accountants, and legal professionals to ensure that each account structure
- [Trusted Contact Person (TCP)](https://croftgroup.com/cfg-knowledge-base/client-information-updates/trusted-contact-update/) - At Croft Financial Group (CFG), we are committed to protecting the long-term financial well-being of our clients. One important safeguard is having a Trusted Contact Person (TCP) on file—a trusted individual our team may contact in limited circumstances to help protect a client’s interests. A TCP serves as a support resource—not a decision-maker—and does not
- [Fund Company Communication to Clients](https://croftgroup.com/cfg-knowledge-base/fund-company-communication-to-clients/fund-company-communication-to-clients/) - Increase in mailing related to transfer activity If the client had held fund units registered in client name, and they were transferred to NBIN, this will definitely trigger a mailing to client – most likely a statement indicating the transaction. This is to protect the investor - it’s mandatory if the prior relationship was in
- [Fund Company Communication to Clients](https://croftgroup.com/cfg-knowledge-base/fund-company-communication-to-clients/fund-company-communication-to-clients/) - Increase in mailing related to transfer activity If the client had held fund units registered in client name, and they were transferred to NBIN, this will definitely trigger a mailing to client – most likely a statement indicating the transaction. This is to protect the investor - it’s mandatory if the prior relationship was in
- [New Client Identification](https://croftgroup.com/cfg-knowledge-base/client-account-opening/new-client-identification/) - CFG and National Bank Independent Network (NBIN) requires clients to provide two forms of identification to comply with regulatory standards and anti-money laundering laws.​ Primary Identification Requirements NBIN mandates that clients present a valid, government-issued photo ID. Acceptable forms include:​ Canadian or foreign passport Driver’s licence with photo Permanent Resident Card Canadian Citizenship Card (issued
- [CFG Pool Valuation Dates](https://croftgroup.com/cfg-knowledge-base/cash-and-security-movement-requests/cfg-pool-valuation-dates/) - Croft Pools have Weekly and Month End Valuation Dates. This means that new funds deposited for investment into the CFG pooled funds and withdrawals from accounts holding the pooled funds will only occur on valuation dates. This does not mean the Client or Advisor should hold onto withdrawal requests until the valuation date. CFG requires
- [Special Consideration for RIF/LIF Account Transfers](https://croftgroup.com/cfg-knowledge-base/macro-economic-research-report/special-consideration-for-rif-lif-account-transfers/) - When a RIF/LIF is transferred into Croft, the relinquishing institution will payout the balance of the minimum for the year. If the client was setup to receive more than the minimum payout, please refer to Increasing or Decreasing RIF/LIF Withdrawal Payments.
- [Withdrawals from ITF Accounts](https://croftgroup.com/cfg-knowledge-base/cash-and-security-movement-requests/withdrawals-from-itf-accounts/) - The cheque will only be issued in the full name of the account. i.e. John Doe ITF for Jane Doe.
- [Withdrawals from RESP/RDSP Accounts](https://croftgroup.com/cfg-knowledge-base/cash-and-security-movement-requests/withdrawals-from-resp-rdsp-accounts/) - RESP withdrawals have specific requirements as outlined on the RESP Withdrawal Form. If you have questions regarding withdrawing money from a client’s RESP account, please call CFG Administration or email admin@croftgroup.com for support. EAP withdrawal amounts from family plans must be confirmed with the subscriber to ensure the $7200.00 maximum per beneficiary is not exceeded.
- [Client Updates](https://croftgroup.com/cfg-knowledge-base/macro-economic-research-report/client-updates/) - Client Online Access Request Definition: Provide client with online access to view their accounts. Process: Advisor submits online access request form or secure email to Operations. Timeline: 1–2 business days What You Need to Know: Ensure client has valid email and consent to receive access credentials. Name / Address / Email Update Request Definition: Change
- [Cash & Security Movement Requests](https://croftgroup.com/cfg-knowledge-base/macro-economic-research-report/cash-security-movement-requests/) - Setting up Bill Payment with Bank Definition: Enable client to make deposits via bill payment at their bank. Process: Request bill payment code and client ID setup. Timeline: 1–2 business days What You Need to Know: Advisor must provide client name, account number, and confirm bank used. Cash Withdrawal Request Definition: Withdraw cash from client
- [Acceptable Titles](https://croftgroup.com/cfg-knowledge-base/advisor-guidelines/compliance-advisor-guidelines/acceptable-titles/) - What are acceptable titles I can use as a Referral Partner? You may use titles that reflect your actual licensing and qualifications, such as: Certified Financial Planner (CFP®) – if credentials are current Financial Strategist Wealth Consultant Insurance Advisor Estate Planner These must not be misleading or imply that you are a licensed discretionary portfolio
- [Social Media and Blog Mentions](https://croftgroup.com/cfg-knowledge-base/advisor-guidelines/communication-advisor-guidelines/social-media-and-blog-mentions/) - Can I mention Croft on social media or in blogs? Any content mentioning Croft must clearly separate your services from Croft’s. Submit all Croft-related social media bios, posts, and blog content for compliance review. Do not discuss investment performance, trade ideas, or portfolio strategy unless using Croft-approved materials. Approved example for LinkedIn or bios: John
- [Email Signature Formatting](https://croftgroup.com/cfg-knowledge-base/macro-economic-research-report/email-signature-formatting/) - How should I format my email signature if I reference Croft? Approved Email Signature Format: Jane Doe, CFP®Financial StrategistDoe Wealth Advisoryjane@doewealth.cawww.doewealth.caInvestment Management Services Provided by R N Croft Financial Group Inc. Your Licensed Portfolio Manager Required: Submit your email signature for compliance approval before use Only include approved titles and the standard information
- [Website Mentions of Croft](https://croftgroup.com/cfg-knowledge-base/advisor-guidelines/communication-advisor-guidelines/including-croft-affiliation-in-your-communications/) - Can I mention Croft on my website? Yes, with the following guidelines: You may include this statement only: “Investment Management Services Provided by R N Croft Financial Group Inc.Your Licensed Portfolio Manager” Croft can provide a banner image for your investment page. Note: All content referencing Croft on your website must be submitted for approval

## Knowledge Base FAQs

- [Where can I find templates for customer presentations?](https://croftgroup.com/?echo_kb_faq=where-can-i-find-templates-for-customer-presentations) - We have a library of customer presentation templates within the Sales & Marketing section of our knowledge base.
- [What is the process for requesting time off?](https://croftgroup.com/?echo_kb_faq=what-is-the-process-for-requesting-time-off) - Access our Time Off Request form. Fill out the form, including your desired dates and any relevant notes. Submit the form to your manager for approval.
- [What are the steps to submit a purchase order?](https://croftgroup.com/?echo_kb_faq=what-are-the-steps-to-submit-a-purchase-order) - Here's the process to submit a purchase order: Fill out the purchase order form. Obtain the necessary approvals from your manager or department head. Submit the approved purchase order to the procurement team.

## Categories

- [news release](https://croftgroup.com/category/news-release/)
- [portfolio managers' brief](https://croftgroup.com/category/portfolio-managers-brief/)
- [macro-economic research report](https://croftgroup.com/category/macro-economic-research-report/)
- [Tax Planning Insights](https://croftgroup.com/category/the-accounting-place/)
- [Podcast](https://croftgroup.com/category/podcast/)

## Tags

- [portfolio performance](https://croftgroup.com/tag/portfolio-performance/)
- [economic outlook](https://croftgroup.com/tag/economic-outlook/)
- [market performance](https://croftgroup.com/tag/market-performance/)
- [rate hikes](https://croftgroup.com/tag/rate-hikes/)
- [investment approach](https://croftgroup.com/tag/investment-approach/)

## Team MembersTeam Categories

- [Corporate Development & Advisor Training](https://croftgroup.com/project_category/corporate-development-advisor-training/)
- [Independent Directors](https://croftgroup.com/project_category/independent-directors/)
- [Client Services & Onboarding](https://croftgroup.com/project_category/client-services-onboarding/)
- [Portfolio Managers](https://croftgroup.com/project_category/portfolio-managers/)
- [Associate Portfolio Managers](https://croftgroup.com/project_category/associate-portfolio-managers/)
- [Analysts](https://croftgroup.com/project_category/analysts/)
- [Executive Committee](https://croftgroup.com/project_category/executive-committee/)
- [Corporate Accounting](https://croftgroup.com/project_category/corporate-accounting/)

## Categories

- [Fund Company Communication to Clients](https://croftgroup.com/cfg-knowledge-base/category/fund-company-communication-to-clients/)
- [Investor Profile Review, IPQ & MIAA](https://croftgroup.com/cfg-knowledge-base/category/investor-profile-review/)
- [Client/Advisor Communication Protocol](https://croftgroup.com/cfg-knowledge-base/category/professional-development/)
- [Advisor Guidelines](https://croftgroup.com/cfg-knowledge-base/category/advisor-guidelines/) - Policies, procedures, and support.
- [Communication](https://croftgroup.com/cfg-knowledge-base/category/advisor-guidelines/communication-advisor-guidelines/)
- [Compliance](https://croftgroup.com/cfg-knowledge-base/category/advisor-guidelines/compliance-advisor-guidelines/)
- [Client Account Opening](https://croftgroup.com/cfg-knowledge-base/category/client-account-opening/)
- [Account Relationship](https://croftgroup.com/cfg-knowledge-base/category/client-account-opening/account-relationship/)
- [Client Information Updates](https://croftgroup.com/cfg-knowledge-base/category/client-information-updates/)
- [Cash and Security Movement Requests](https://croftgroup.com/cfg-knowledge-base/category/cash-and-security-movement-requests/)
- [Financial Planning and Tax Filing](https://croftgroup.com/cfg-knowledge-base/category/financial-planning-and-tax-filing/)
- [CFG and NBIN Systems](https://croftgroup.com/cfg-knowledge-base/category/cfg-and-nbin-systems/)
- [Cyber Security](https://croftgroup.com/cfg-knowledge-base/category/cyber-security/)
- [Account Types](https://croftgroup.com/cfg-knowledge-base/category/client-account-opening/account-type-selection/)
- [Client Access](https://croftgroup.com/cfg-knowledge-base/category/cfg-and-nbin-systems/client-access/)
- [Advisor Access](https://croftgroup.com/cfg-knowledge-base/category/cfg-and-nbin-systems/advisor-access/)

## Tags

- [branding](https://croftgroup.com/cfg-knowledge-base/tag/branding/)
- [communication](https://croftgroup.com/cfg-knowledge-base/tag/communication/)
- [compliance](https://croftgroup.com/cfg-knowledge-base/tag/compliance/)
- [email signature](https://croftgroup.com/cfg-knowledge-base/tag/email-signature/)
- [bios](https://croftgroup.com/cfg-knowledge-base/tag/bios/)
- [new account](https://croftgroup.com/cfg-knowledge-base/tag/new-account/)
- [new relationship](https://croftgroup.com/cfg-knowledge-base/tag/new-relationship/)
- [existing relationship](https://croftgroup.com/cfg-knowledge-base/tag/existing-relationship/)
- [client deposit](https://croftgroup.com/cfg-knowledge-base/tag/client-deposit/)
- [recurring deposit](https://croftgroup.com/cfg-knowledge-base/tag/recurring-deposit/)
- [under $10000](https://croftgroup.com/cfg-knowledge-base/tag/under-10000/)
- [over $10000](https://croftgroup.com/cfg-knowledge-base/tag/over-10000/)
- [EFT form](https://croftgroup.com/cfg-knowledge-base/tag/eft-form/)
- [recurring deposits](https://croftgroup.com/cfg-knowledge-base/tag/recurring-deposits/)
- [LIF withdrawal](https://croftgroup.com/cfg-knowledge-base/tag/lif-withdrawal/)
- [RIF withdrawal](https://croftgroup.com/cfg-knowledge-base/tag/rif-withdrawal/)
- [registered accounts](https://croftgroup.com/cfg-knowledge-base/tag/registered-accounts/)
- [NBIN](https://croftgroup.com/cfg-knowledge-base/tag/nbin/)
- [RESP accounts](https://croftgroup.com/cfg-knowledge-base/tag/resp-accounts/)
- [RDSP accounts](https://croftgroup.com/cfg-knowledge-base/tag/rdsp-accounts/)
- [client information update](https://croftgroup.com/cfg-knowledge-base/tag/client-information-update/)
- [pool valuation dates](https://croftgroup.com/cfg-knowledge-base/tag/pool-valuation-dates/)
- [CFG pooled funds](https://croftgroup.com/cfg-knowledge-base/tag/cfg-pooled-funds/)
- [identification requirements](https://croftgroup.com/cfg-knowledge-base/tag/identification-requirements/)
- [advisor contact](https://croftgroup.com/cfg-knowledge-base/tag/advisor-contact/)
- [transfer activity](https://croftgroup.com/cfg-knowledge-base/tag/transfer-activity/)
- [regulatory mailing](https://croftgroup.com/cfg-knowledge-base/tag/regulatory-mailing/)
- [marketing materials](https://croftgroup.com/cfg-knowledge-base/tag/marketing-materials/)