The Hymers Wealth Management Group

For those of us that live in Kelowna; winter arrived early this week with a blanket of snow. As many of you may know I am a big believer in the importance of expressing gratitude. As 2017 draws to a close I decided it would be fun to provide each team member with a Day of Gratitude in appreciation for all they do to support me and you our valued client. The spirit of this day was for me to provide each team member with an extra unexpected day off intended to be dedicated entirely to expressions of gratitude. Team members will be enjoy their day of gratitude sometime over the next 12 months. Marnie kicked us off with her Day of Gratitude and I was delighted to hear how she spent her day. I thought you may enjoy it as well.

If you have any questions or any other wealth management issues, please feel free to contact our team at any time.

Warm Regards,
Rhonda Hymers, CIWM, CIM, FCSI, FEA
Director, Vice President, Portfolio Manager & Wealth Advisor

Marnie Laing, Administrative Assistant – My Day of Gratitude

I spent my Day of Gratitude at home this past Friday, being available for my children. After days of being away from them, they were very happy that I was home. The timing was perfect because Marin wore her costume to school for a Halloween party, bringing treats as well. So no bus, I could drive them with everything they needed. They both bought pumpkins after school for a fundraiser, so again great timing to bring everyone and everything home. They were excited and thankful that I could be there for them on Friday. After school, the three of us went to Kalamalka Lake and played in the leaves, stopping at Tim Hortons for treats on the way. I'm very grateful for all of the moments and adventures I can have with Marin and Kaiden. I am thankful that they are living a happy life in Kelowna.

Fall 2017 – October 2017

Views on the global financial markets and insights on managing your wealth.

	GLOBAL INSIGHTS MONTHLY Insights into the equity, fixed-income, currency and commodity markets from RBC Wealth Management. Read more
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	BUSINESS OWNERS The business owner's guide to wealth management The life cycle of a business and its owner – from structuring a business to selling it, and everything in between. Read more
	CURRENCY MARKETS Update on the Canadian dollar A look at this summer’s dramatic rise in the value of the Canadian dollar and where it’s headed next. Read more
	ESTATE PLANNING Joint ownership accounts Before you open a joint account, it is important to understand the different options, how they operate, and the potential benefits and drawbacks. Read more
	PORTFOLIO ADVISOR Raising rates, raising questions With the Bank of Canada raising rates twice this past summer, we look at four ways higher rates may affect investors. Read more
	MARKET INSIGHTS Wealth Management Review The latest insights from our chief investment strategist on how investors should position their portfolios for today’s financial markets. Read more
	THE NAVIGATOR Update on private company tax proposals Read more
	CANADIAN MORTGAGE INDUSTRY UPDATE (OCTOBER 2017) New OSFI rules effective January 1, 2018 OSFI has passed new guidelines relating to the “minimum qualifying rate” or “stress test” for residential mortgage applications. When qualifying clients, federally-regulated financial institutions will be required to approve conventional or uninsured mortgages at the greater of the contract rate plus 2% of the 5 year benchmark rate published by the Bank of Canada. The government’s objective is to slow the housing market and ensure long term stability.