some great tips on a day time line
I use some of these myself
This morning was our weekly Rotary meeting. It starts at 7. I was honoured along with Dave Paul with a Paul Harris award for our community service. It’s a great honour.
Bob Castle spoke about my background and community service. It was good to hear. I very much enjoyed Dave Pauls story as well. Bonnie Burke introduced him and our club President Susan Brister and fellow Dream Mountains Foundation climber made Dave’s presentation.
Time management tip, write a little review while having your lunch break while the idea and content is fresh in your mind.
Need career help? Start writing your own eulogy. When we imagine our own deaths, and even write drafts of the way we’d like to be remembered, we can examine our priorities and goals from a broader perspective. Executive coach Daniel Harkavy encouragesthe CEOs he works with to draft two eulogies: the one that would be read today, and another that encompasses all of their future achievements. Comparing the two can help you reevaluate how you are spending your time and the decisions you are making. • Here’s what people are saying.
here is the article
”In that 2005 Stanford commencement address where Jobs talked about the importance of realizing you are going to die, he also stated that, upon reflecting on his success, he realized “You can’t connect the dots looking forward; you can only connect them looking backward.”
Yet with the eulogy technique, now maybe you don’t have to wait until the end of your life to connect the dots. By changing your point of view and shifting your perspective from your present to your future, you’ll be able to see where you want to end up, and then know what steps you’ll next to take–what dots you’ll need to connect–to get there.”
Music with a warrior’s beat
there is a place for us
One Step At A Time!
”Be The Adventure”
I am very pleased to announce that Heather Kiley from our firm has recently enrolled in the Certified Executor Advisors program with the
Canadian Institute of Certified Execotor Advisors, Timothy Ross, CEO & Founder, Brock Shores Financial
I got this really interesting story this morning from the purveyors at Hustle, it is long, interesting, cool and worth sharing. Enjoy.
How one man built The Sharper Image into the world's wackiest gadget store
It took a marketing genius to build the kingdom of flashy gadgets — and a $229 air purifier to take it all down.
The Sharper Image was a kingdom.
It was a kingdom where you could, in an afternoon trip to the mall, purchase an electric nose trimmer ($39), a motorized surfboard ($2,450), and a bulletproof raincoat ($400), then take a ride in a $1,500 massage chair while being serenaded by a bird-calling robot.
It was a kingdom once described as the “breast implant” of retail, a place where man and child alike could bask in the artificial glow of flagrant consumerism.
This is the story of the man who founded this great kingdom — and how one flashy gadget ultimately led to its downfall.
King Richard I
Richard Thalheimer had all the trappings of a world-class salesman.
Born in 1948 in Little Rock, Arkansas, he spent his youth working odd-jobs in the toy section of his father’s department store. He went on to study psychology and sociology at Yale University, where — during his freshman year — he sold enough encyclopædias to buy a brand new Porsche.
In his early 20s, Thalheimer ventured to San Francisco and started a wholesale business that catered to the then-burgeoning photocopier industry.
“I named it The Sharper Image,” he says, “because I thought that my paper and toner would help people make good copies.”
Left: A young Richard Thalheimer poses for a yearbook photo; Right: In the early days of The Sharper Image (via SF Examiner)
While running The Sharper Image, Thalheimer enrolled at Hastings Law School — but making physical deliveries to businesses in the Financial District every afternoon between classes began to take its toll.
“I was completely taxed,” he says. “So I thought, ‘Why don’t I try mail-order?”
The million-dollar running watch
The mail-order catalogue — a publication that lists products and allows customers to order them remotely via mail or telephone — had been around for a century. As early as the 1880s, Tiffany’s and Sears were hawking their wares in 300-page booklets.
But in the 1970s, the mail-order industry was having a renaissance moment: Roger Horchow had just launched the first luxury color catalogue without a physical retail location, and Joe Sugarman was running the first-ever mail-order magazine ads — beautiful, full-page photos with poetic product descriptions.
Thalheimer wanted to try his hand at it. But first, he needed a product.
At the time, Seiko had just rolled out a first-of-its-kind fully digital watch — but at $300, most runners couldn’t afford it. Coincidentally, Thalheimer came across a small booth at the Consumer Electronics Show in Las Vegas, where a man was selling a “very similar” product for $35 wholesale.
He struck a deal with the vendor and bought out a full-page ad in Runner’s World Magazine, offering the watch for $69. For the copy, he chose to feature his friend, Walt Stack — a “legendary, fully-tattooed 70-year-old” who was known around San Francisco for his crazy daily routine, which included a 17-mile run across the Golden Gate Bridge.
Left: Walt Stack on his daily 17-mile-run in the ‘80s (Eric Risberg/AP); Right: Thalheimer’s first Sharper Image ad, for the Realtime watch, starring Stack (Courtesy of Richard Thalheimer)
At a cost of $1k, the ad netted Thalheimer $10k in sales (about $5k of which was profit). He repeated this process — each time, with better results — and by the age of 27, he’d made his first million dollars.
By 1979, Thalheimer’s system of advertising was so successful that he decided to launch his own catalogue high-tech gadgets nobody knew they needed.
The Sharper Image catalogue
Thalheimer embarked on a quest to find the most unique products on the market — things that “other people didn’t sell.”
“At the Consumer Electronics Show, everyone would gravitate toward the big guys, Sony, Panasonic,” he says. “I’d go straight for the little booths, the people selling things nobody had ever heard of.”
The first catalogue contained 25 items, including the first cordless phone, answering machine, and car radar detector. He avoided superfluous adjectives in his copy, and focused on the features that made the products exceptional.
Very quickly, his experiment began minting money: The first year, sales topped $500k; the second year, they reached $3m; by 1980, $12m. Soon, the catalogue was being sent to 3m people around the world, at a cost of $1.4m per mailing.
He catered specifically to the 20% of Americans who had credit cards, and offered them a 1-800 number to place orders over the phone. In a small San Francisco office, with a staff of 5 or 6 people, a dozen orders were processed every 60 seconds.
The Sharper Image catalogue featured products like the Snore-No-More ($59) — a device that shocked snorers with an electric pulse (via Flickr user Mike Mozart)
The Sharper Image struck at the right time.
In the 1980s stock boom, flashy gadgets and conspicuous consumption were in. “He who dies with the most toys wins” was the ethos of the decade.
Thalheimer expanded into physical retail, opening stores in well-to-do enclaves across America. In New York, bankers dipped in to peruse $1500 massage chairs; in Hawaii, tourists fawned over electric nose hair trimmers and talking scales. By 1985, The Sharper Image was grossing $100m in sales — with no outside capital or debt.
At the company’s helm, Thalheimer was what the New Yorker described as the “very model of a major entrepreneur:” Tanned and muscular, deliberate and tenacious, and infallibly gifted at curating ridiculously niche gadgets, like a mini electric fan on a necklace (priced at $49, it sold 10k units a month).
“I can see the future,” he toldan LA Times reporter in 1984, “I know when a trend is coming and when it’s leaving.” In an AP interview, he hailed himself as a “marketing genius.” Nobody could disagree.
When The Sharper Image IPO’d at $10 per share in 1987, the chain, and its outspoken CEO, seemed incapable of failure. That is, until the ‘80s ended.
Do I really need that gadget?
In the early ‘90s, the economy weakened and sparked a recession: Suddenly, conspicuous consumption was out and frugal environmentalism was in.
The Sharper Image tried to switch gears by selling more “socially responsible” products (like Birkenstocks, vitamin energizers, and benches made of recycled plastic), but the strategy had a limited effect.
Between 1989 and 1991, sales fell by 28%. Staff was was cut by 20%. Stock tumbled to $2. And for the first time in company history, The Sharper Image posted a loss.
The Sharper Image saw a dramatic decline in the early ‘90s (The Hustle)
“The Sharper Image has become a cliche for the worst excesses of the last decade — the Donald Trump of specialty retailing,” wrote the SF Examiner. “Nobody needs what they sell.”
For a CEO of a publicly-traded company, Thalheimer was unusually involved in minute decisions: His penchant for controlling what color clothes employees could wear, how they decorated their desks, and what type of coffee mugs they used earned him a citation in California Magazine’s 1988 Worst Bosses in America list.
So, he decided to step back from day-to-day operations and go back to his roots: Finding wacky, one-of-a-kind products. It didn’t take long.
At a “hippie street fair” in San Francisco, Thalheimer stumbled across a blue gel shoe insert — the first of its kind. “I stood up in front of all my deflated employees, pulled this thing out of my suit pocket, and said, ‘This is going to turn us around,’” he recalls. “Everyone thought I was nuts.”
At $19.99 a pair, the inserts went on to become the company’s best-selling product, selling hundreds of units a day and adding 50% to their sales figures.
Several years later, in 2000, Thalheimer came across another game-changing product at a toy fair in Hong Kong: The Razor scooter. He negotiated an exclusive 24-month deal and sold a million of them in the first year. It was, he says, “a second lease on life” for the company.
Razor scooters revitalized The Sharper Image, but raised new concerns (via the AP)
Bolstered by the rise of the internet and online sales, the Razor led The Sharper Image to the best performance in its 23-year history. It was no longer just a place for “tech-loving snobs” to buy elitist gadgets.
But this success came with a looming concern: The Sharper Image was turning into what analysts described as “a one-product company.”
The air purifier that killed the company
Thalheimer had long operated by finding intriguing products elsewhere, signing exclusive distribution deals, and selling them under The Sharper Image brand name. But he knew that if it designed and patented his own products, margins could be higher.
In a secret location north of San Francisco, Thalheimer assembled a team of engineers and designers and formed Sharper Image Design to make gadgets in-house.
“[It was a place] where where the inner child could come out in every man, with gizmos blinking and whirling,” later recalled an employee. “The only thing missing were white coats and propeller hats.”
The team churned out some 300 patents and 100 products, ranging from fogless mirrors to anti-snoring wristbands that jolted the offender with an electric shock.
But the crown jewel of the operation was a noiseless air purifier called the Ionic Breeze.
Ads for the the Ionic Breeze (via The Hartford Courant, 1999)
The Sharper Image put all of its resources behind the machine, taking out hundreds of thousands of dollars worth of magazine, newspaper and TV ads. Despite its $229 price tag, it became a smash hit.
By the turn of the millenium, the Ionic Breeze was so popular that it made up 45% of all of the chain’s sales. And as it turned out, this was a huge problem.
In 2002, Consumer Reports(a nonprofit product review publication) ranked the Ionic Breeze dead last in a feature on air purifiers, deeming it “ineffective.” Thalheimer was furious, and filed a lawsuit against the magazine, claiming it had “negligently disparag[ed] the product.” It was tossed out, and cost Thalheimer $525k in legal fees.
“We did a very stupid thing by making a big stink out of it,” cedes Thalheimer. “It was like suing Jesus Christ...it infuriated them, and just led to more trouble.”
Three years later, Consumer Reports struck again — this time alleging that the Ionic Breeze didn’t just suck at purifying air, but actually emitted harmful amounts of ozone. Once again, Thalheimer took them to court and lost.
The blowback cost The Sharper Image millions of dollars in store credits and refunds — and soon, stockholders began to question Thalheimer’s magic touch.
Held at Knightspoint
In the Spring of 2006, a group of outside shareholders by the name of Knightspoint Partners snapped up 13% of the company.
Led by famed corporate raider Jerry Levin, the group demanded a shakeup of the board. At first, it seemed they genuinely wanted to help Thalheimer guide The Sharper Image back on track, but it soon became clear that they were gunning to oust him and remodel the company in their own image.
The Sharper Image’s “new image” included some poor decisions, like featuring Trump Steaks on the cover of a catalogue; meat packages started at $1k (The Hustle)
In September, Thalheimer was fired and forced to sell all of his remaining shares for a sum of $26m — a fraction of what his holdings were once worth. When he came into work the next day to gather his belongings, the door was locked. His desk, still covered with the wacky emblems of his career, his now occupied by Jerry Levin.
Knightspoint set to work recrafting The Sharper Image into a general electronic retailer, like Circuit City or Best Buy. Or, in Thalheimer’s estimation, “stripping away the imagination.”
By 2008, stock had plummeted to 28 cents per share. Within a year, The Sharper Declared bankruptcy, closed down all 183 stores, and laid of 4k employees.
The company, now run by an investor group, continues to exist online — but it’s a shadow of its former self. The weird gadgets have been usurped by USB drives and motion-activated light bulbs — and Thalheimer’s oddball charm is nowhere to be seen.
Looking back, Thalheimer doesn’t harbor much ill-will. He runs his own gadget site, aptly named RichardSolo.com, and has taken up investing.
“My days are a lot more enjoyable,” he says. “It’s not as egocentric as being the head of my own company. But at this point, I’d rather be alone.”
He tells The Hustle that his net worth is “3-4x higher” than when he got pushed out, and that his studies of the stock market have earned him beefy returns of between 50% and 100% per year.
Thalheimer poses with a favorite from The Sharper Image catalogue (via Richard Thalheimer)
But Thalheimer hasn’t completely abandoned the kingdom.
At his Marin County mansion stands a lavishly-adorned suit of armor — a $2,450 relic from The Sharper Image catalogue. An old cordless telephone dangles from its ear.
It is a sight that can only be described as perfectly Thalheimerian: A blend of the old and the new, the eclectic and the cutting-edge, the blunt and the sharp.
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Meet the Finnish entrepreneur on a mission to spread the gospel of ‘shrooms
Growing up on his family’s farm, Tero Isokauppila spent his free time like most Finnish kids… foraging for fresh mushrooms.
After graduating from college, this funguy (get it?) realized he wasn’t made for a cubicle -- no, he was made to share the benefits of 'shrooms with the world.
With that, Four Sigmatic was born. Today, Tero’s company distills the superfood benefits of mushrooms into simple, sippable drink mixes.
‘Shrooms to help you relax, energize, focus, beautify, and more
Four Sigmatic’s mushroom-based drinks take the extracted fruiting bodies of fungi (AKA the best part) and pair them with crazy-nutritious plants like turmeric, ginger, and tulsi.
Dissolve them instantly in hot water and what do you get?
Mixes that can help support immune function, gut health, glowing skin, or even give you a caffeine-free energy kickstart -- with no mushroom flavor.
Like lattes? Mad for matcha? They’ve got it all. Plus, with a 20% discount for Hustle readers, they’re really not funging around.
|Shop #onshrooms →|
Miss an email this week? Here’s a rundown of our top headlines from the past 7 days:
1. WORDPLAY OF THE WEEK: You smoke, bud?
Canadians once again prove they’re chill after the country officially made weed legal for all uses on Wednesday, but some industry experts believe the share prices have gotten too highhhhhhhhhhhhhh, man. What a buzzkill.
2. OUR FAVORITE: The Palm Pilot is back -- but more useless than ever
All was a buzz as the Palm Pilot brand announced its new “ultra-mobile” Palm phone that is smaller than a regular cell phone and aims to eliminate digital distractions -- only problem is it has pretty much all of the same features as normal cell phones.
3. ‘TODAY I LEARNED’: That if a concert sells out, it usually means ticket prices were too cheap
As ticket scalpers and resell sites continue to run rampant on the industry-wide ticket inflation problem, Taylor Swift and her team concocted a strategy to help combat the issue… and so far, it’s working.
4. OLD DOG, NEW TRICKS: The ‘Real World’ returns... on Facebook?
The world’s first hit reality show announced it is coming back to a cell phone screen near you. The old format will come with some new interactive surprises, and air on Facebook’s new premium content platform, Facebook Watch.
5. TECH TROUBLES: Lime tried to sue San Francisco for getting snubbed on scooter permits
After being denied the highly anticipated San Francisco scooter permit, Lime filed for a temporary restraining against the city, in hopes that it would delay scooter releases for the 2 companies that did receive permits.
Now, back to the corn field
Yesterday was a full day. I was in the field shortly after 8 getting setup. Robert Dentz and Bill lifted some more rows, they had done a number the afternoon before. People started driving in after 9. We were out of the field by 5. I headed to Prescott Food For All Food Bank with Megan with our final load, came back, cleared the field of pails and hauled the second trailer back for unloading of the pails tomorrow wrapped up just after 7, will get them back into storage and be ready for the next adventure tomorrow. We gathered over 18,000 pounds of potatoes and squash for local food banks and feeding organizations in our community of Brockville and Prescott. There had to be over 50 volunters assist throughout the day, maybe more.
Greg Houldcroft , Executive Director of Cross Town Impact stepped up another year to help get the word out and inspire youth and families to journey to the fields. This event started over 9 years ago when I coordinated with Highway Pentecostal Church to help glean the fields, that would put it around 2010.
Looking back at some old notes , we often stretched this into the colder months
Sent: Monday, December 2, 2013 3:08 PM
To: Leigh Bursey Cc: Rodger McCabe Subject: Re: ummmm.
Hi Rodger and Leigh, I did a site inspection this afternoon and met with the Dents, there is not enough left to make it viable to do anymore harvesting, what is left will remain for personal consumption and perhaps some secret weapon chips :) Interesting the Kale that is still left is in good shape considering the recent weather, very impressive cole crop.
Thanks for your help and interest, Together We Did Some Great Good, thanks again . Over 4 Thousand Tons of food. Tim
Sent from my BlackBerry 10 smartphone.
Sent: Monday, December 2, 2013 4:41 AM
To: Leigh Bursey Cc: Rodger McCabe Subject: Re: ummmm.
That year Leigh had a car accident on the Sunday before this email. I missed seeing Leigh this year, however he was out for a bit in the morning and picked a few pails that added to the effort.
We had a beautiful day and were blessed with a great day and effort. The passing of the rain clouds was huge answer to prayer, early that morning it did rain a bit, fortunately not enough to stop the process. It had been wet leading up to the harvest, Thursday morning it ws hopeful that things would turn around as we would not be able to get on the fields on Saturday if it did not. Fortunatly Thursday and Friday the wind picked up and the sun came out to help allow the fields to get dryed out enough so Robert could dig the potatoes and then the volunteers pick and bag them .
There is lots of pictures on facebook, this link should take you there.
Greg has album at
There is also some video
Event Page yr 2018
Event Page Year 2017
Event Year 2016
Event Year 2015
Event Year 2014
Event Year 2013
We don't always get potatoes, in 2011 there was none.
reviewed with Iris next weekend, for church harvest , Sat Oct 29
- need shovel's, pitch forks, knives for processing
carrot's, beets, cabbage, squash
Hotlist Task Created: Phone Call, no potatoes this yr. but other stuff
With: Dentz, Robert & Iris
Scheduled by: Tim Ross Assigned to: Tim Ross October 17, 2011
I believe I started this back in 2009 so we have about 10 years of harvesting under our belt at this point. I say about as over time our memories float around the beginning , going to search my archieves and confirm at some point :)
In the year 2013 I wrote
Year2014 - Tentative Date Set , Year 5 , it will be an all day event, come and go as you please. Rodger and I have worked the full day almost every time in the past , so it really needs a full day's effort and depending on the produce availability a few extra visits may be required to get it all gleaned.
There was about 5000 pounds of potatoes that we were unable to glean, plus beets , kale, squash , tons of stuff that we just didn't have the people power to glean. Hopefully next year with a greater outreach of volunteers, and expanded time line, that can all change, many hands make for light work.
so that is looking like year 2010 start harvest, the planning seed began in 2009 from a conversation I had with the Dents's that fall.
So, looking like year Year 10 will be 2019, and for fun, lt's set a tenative date Sturday October 12, 2019 with a rain date oct 19
Ray Dalio has some great tips on what one should do, the title says Millennials, however this is a message many should aspire to.
So no matter where you are in life, reset, restart, contact our team and get a review and clarity for your financial plans. Let’s put some action into #ImprovingFutures
Founder, Brock Shores Financial
Take a breath and Use That Breath
”A simple first step to become a better listener? Breathing. Many of us can’t help ourselves but jump into a conversation, offering our pearls of wisdom to anyone willing to listen. Psychologist Kenneth Miller says we should take a breather instead. When we breathe before speaking, we give others room to reflect on what they have been saying. It’s an act of generosity. That extra breath also gives us time to think of insightful questions that might truly help the people we are speaking with. •”
Proper breathing is an obvious next step. I have been working this the last month with my ARP Practionair as we work through my shoulder pain. Remapping years of miss use and bad posture. The pain is leaving and I can do more movements and feel almost normal and stronger and healthier now. Every exercise requires the proper breathing technique otherwise it is simply more difficult and not as effective, without the breathing done right I can often not complete the activity or make progress. Mike has taught us big belly breathing. Expanding our belly to create capacity for inhaling and exhaling through our nose. Four in with belly expanding, pause, Eight count out with belly contracting, pause, repeat. This simple yet sometimes difficult to achieve method helps to oxygenate and expand our breathing capicty. It helps work through the pain and exhaustion and helps the mind think better. Litany of other benefits I am sure.
I am up to two sets of our regime and had a person best of a 60 second hang yesterday. Small steps make a profound difference. Remember to breath properly. Stand properly, feet straight ahead , turn those toes so you are properly aligned , keep your head up , eyes forward, arms by your side and of course smile.
The note above reminds us of the of the importance of breathing. It’s free and has huge benefits.
“Let every thing that hath breath praise the Lord.
Praise ye the Lord.” Psalm 150:6
Just Breathe and just be
Received this email this morning and as normal it gets me thinking, what are we doing at Brock Shores Financial ? How are we #ImprovingFutures ? How are our actions lining up with our Vision, Mission and Core Values ?
One thing that we do is research and become aware of the issues and work towards putting sustainable practices in our business and life. A great resource for me has been my membership in RIA Responsible Investment Association https://www.riacanada.ca/timothy-ross/
I would love to read what you are doing to make a difference in your life, home, community, please join our online community and share your reflections in the comment section , your Utmost For Your Highest
In the meantime, let's read what Coro Stranberg has to say about the matter.
Have a blessed day
Timothy Ross, Founder Brock Shores Financial
Coro Strandberg works with businesses, government and industry associations to envision and innovate a sustainable future. She is an expert on sustainability leadership and transformational business practices and relationships.
"Sustainability is no longer about doing less harm. It's about doing more good."
Jochen Zeitz (Co-founder and co-chair of the B Team and past CEO of PUMA)
I’ve been thinking about the word “good” and how it shows up in our language in countless idioms: For goodness sake. All to the good. Good and ready. Goodwill. For good reason. Good company. And so on. In my work, good – when turned into action – means sustainable businesses that change everything for the better.
Growing global resource constraints – coupled with changing customer, investor, and government expectations – will drive companies to change the way they do business. In this newsletter, I bring you up-to-date on sustainability tools, trends, tips and trailblazers that can help you and your organization become a force for social good. Whether your organization needs a kickstart or it’s leading the way with transformational business practices, you’ll find lots of good news here.
2018 is trending as the watershed year when boards began to actively improve their oversight of the company’s social and environmental performance. Regardless of whether the impetus was scandals, investors, social movements, employees or consumers, more and more boards are taking their fiduciary responsibilities in this area seriously. Fortunately, there is considerable guidance in this new governance practice.
This spring I started teaching the Sustainable Board module for the new Governance Professionals of Canada certification program. The course provides a practical look at board sustainability oversight for governance professionals who advise boards and management on sustainability governance. This will equip corporate directors and executives with greater insight on how to steward the sustainable performance of the firm. Corporate governance leaders also have a sustainable board roadmap in a recently published white paper I authored on the topic for Conference Board of Canada. It's an update on the trends and drivers of sustainability governance that have emerged since the first paper I wrote on the subject in 2008, and provides a sustainability toolkit for boards and those who advise them. Check it out and share these resources with the boards and governance professionals you know.
Business Models for Good
Boards for Good are responsible for ensuring their business has a core social purpose as its engine for growth and goodwill. Businesses are defining and articulating their humanitarian reason for being. The United Way of the Lower Mainland is a leader in this global trend and in so doing, pivoting its corporate donor relationships. This spring I helped the United Way launch its Social Purpose Institute, growing business for good in Greater Vancouver and beyond. Uniquely, the Institute’s vision is to partner with cities, boards of trade and others to raise awareness of this business opportunity and build the regional capacity for social purpose business. In this way, business will bring all its assets, not simply its donations to community good.
Leveraging University Assets for Good
This trend towards leveraging assets for good is taking off in the public sector, too. To advance the widely acclaimed white paper I wrote for McConnell Foundation and SFU on "Maximizing the Capacities of Advanced Education Institutions to Build Social Infrastructure for Canadian Communities" published in 2017, I have been helping the McConnell Foundation and the Canadian Association of University Business Officers (CAUBO) scale social purpose administration and finance among administrative departments at Canadian universities and colleges, info here. The basic premise is that public institutions can bring all their assets and instruments (in addition to teaching and research) to advance societal well-being by applying a social, environmental, community or stakeholder lens to decision-making, budgets and projects. University administrators are finding new purpose and meaning in their jobs from this shift. According to one front line university staff member: "This [social purpose administration] is a new way of working. As administrators who spend our careers in our institution, we can see a tie to our organization. It is also tied to the place where you live. It is another use of your job. It gives me meaning in my day."
Professionals for Good
Not only are governance professionals and university administrators social-purposing their jobs, so too are other professionals looking to build more social value into everyday roles. Since the launch of the Sustainable Professional Association Initiative with The Natural Step, I have had the pleasure of advising associations representing human resources and governance professionals. Current work involves a project for the Real Estate Foundation of BC to define a professional development pathway to build sustainability expertise among realtors. Watch this space for the research paper in early 2019.
This work has me thinking about the "Purposeful Professional": I believe that purpose-driven companies and organizations are creating room for professionals to hone their personal purpose and bring it to work.
Products for Good
Organizations-for-good offer products-for-good. While not easy to go the distance, it can be done as described in this Conference Board of Canada resource I wrote on the topic. Notably, leaders like Marks and Spencer, BASF and LafargeHolcim are setting ambitious targets to reposition their product portfolios in alignment with a sustainable future. This Sustainable Brands article profiles these opportunities. For more detailed guidance, check out the Conference Board paper.
Advocacy for Good
Having a business model, professionals and products for good doesn’t guarantee a sustainable future. We also need government leadership to re-engineer policy, legislation and regulation so that fair, inclusive, low-carbon and circular growth can be enabled. Fortunately, more and more businesses are engaging in the public policy debate, as for-good advocates. This GreenBiz article unpacks this trend and drivers, while this tool offers an "advocacy for good" continuum, from oppositional to transformational practices. Check it out to see where your organization lies. Then engage your government and industry relations teams in how they can bring purpose and meaning to their jobs through a proactive sustainable public policy agenda.
That’s the goods for this newsletter. I always appreciate hearing from my readers. Don't hesitate to contact me for questions, clarifications or additional resources. Thanks for reading. Goodbye for now!
Good for you
Corporate Sustainability Practitioners: Roles have changed, has your job description?
November 15, 2018 at 11:00 am PT / 2:00 PM EDT
This one-hour, low-cost webinar will discuss how the corporate responsibility practitioner role is becoming more strategic, enterprise-wide, and external. You’ll pick up insights on how the jobs, roles, and departments of CSR and sustainability practitioners are adjusting to meet the new imperatives. More information.
Phoenix Arizona, Feb. 26 – 28, 2019
I hope to see you at GreenBiz 2019, the Premier Annual Event for Sustainable Business Leaders. I will be moderating a session on "What every sustainability professional should know about board sustainability governance," with investors, corporate directors and sustainability professionals represented on the business panel. You’re guaranteed a thought-provoking and practical session. More information.
A picture is worth a thousand words, video's will multiple that , check out her Webinar Library
Brock Shores Financial
Formerly Timothy Ross & Associates
4502 Airport Road – Tincap
“Serving clients since 1988”
Another year is upon us, “the sap is running” and we are beginning our tax season once again. Our biggest announcement this year is that we have happily made a name change. We hope you like the fresh look of Brock Shores Financial. I feel it better suits our path going forward and positions us into the next 30 years as we develop our growth and succession plans. We have expanded our team, hiring on additional staff to help keep the office balanced and efficient to meet our growing client’s needs. This is now my 30th year in business and it is still my pleasure to serve you and your family as a tax consultant and advisor. Our new staff members include Cody King, Katina King, Neil Norman, and Lisa Quenneville. Heather Kiley remains our Administrative Assistant and Megan Hough is our Client Support Service Coordinator. Peter Young continues to provide out of office accounting support. Bob Harper, has come on board as our Business Development Consultant, helping promote our year round business support services. Many may know Bob for his efforts in bringing great awareness to the area and abroad about the origins of our Canadian Maple Leaf Flag and our local connection to the historic events and loving hands that lead to our countries flag creation.
Brock Shores Financial is set upon a good foundation that has been built on the Family Office concept where you can get a variety of services and advice, a one stop place for the majority of your financial services and advice. We will continue to provide what we call Omega Stewardship ® which helps us help you reach your families major goals in life.
Things are always changing, just yesterday the Canadian Government announced a number of updates in the budget which we will be monitoring going forward as some of them may impact you and or the people you work for. There was also a number of changes last year and some of these changes will effect various credits which we will adjust this year while doing your taxes.
Some of the routine news for the tax season year is as follows:
“The hardest thing to understand in the world is the income tax.” ~ Albert Einstein
TAX SEASON OFFICE HOURS
We have now expand our front desk office hours for the next few months. Monday through Friday we open at 9:30 am and close at 8pm. This will be our goal during the weeks ahead. That being said, we take appointments beyond our “office hours” all the time throughout the year. Working Saturdays is an option as well especially during tax season if you cannot possibly make it in during the week or evenings.
If you do not require an appointment, please feel free to drop off your tax papers at the office. Staff are setup to receive and gather the necessary information. They will have you sign some papers and send some home for signing if required so we can get your returns prepared, reviewed and filed in a timely manner.
We also have had more people emailing their documentation to us from across Canada 24/7. This has been a very effective way to extend our reach and provide service across the country or simply down the street. This is not always convenient for everyone, however if you would like to, simply email a pdf of your slips or a clear photo from your smart phone. Please send them to email@example.com and we will be able to start your returns that way.
We will continue to select the e-filing option that CRA will contact us directly first vs you for any pre-assessment and post assessment requests for information. That has worked fairly well this past year. There has been occasions CRA didn’t cooperate with this policy and we had surprise reassessments, nevertheless we will work through those for you.
As noted last year, in the past we had CRA contact clients first after your returns had been processed (post assessments), this gave one a chance to respond on your own and avoid any additional professional charges. We found however over the last few years that people were typically bringing this to our attention anyway and sometimes completely not dealing with the matter. Then one would get reassessed, with a debt owed to CRA because no information was sent, or the wrong information was sent, missing information, etc. This causes too much stress for everyone, additional work and often requiring more expertise to sort out. So we are going to take on the responsibility of receiving these notices first and then responding to CRA on your behalf. This will involve gathering any documentation that is required from you or our records, making sure it is correct, make any necessary adjustments if it is determined it is in your best interest, submitting in a proper format to CRA.
We are now able to electronically submit documentation which gives us another level of assurance that they got it, eliminating a lot of questions regarding did they get? How long will it take? Or “they” lost it. You will always maintain the option to do it yourself, however there is often thousands of dollars on the line and we feel it best to invest in some professional service and protect your tax file for the year in question and by responding in a good manner, this often helps reduce future requests, so it protects you from future audits, not always, however from our experience, it often does. Often it can take longer to respond to even what I consider the simplest of tasks than it does for us to do someone’s tax return.
With 30 years’ experience, I use the words “simplest of task” from that perspective. To help you and our office, I have trained my team to help in this process. Everyone has different charge out rates and various experiences, so depending on the request from CRA and what they require, we will have the appropriate person work on your file and review with me to make sure that your tax file is protected.
“Thinking is one thing no one has ever been able to tax.” ~ Charles Kettering
CLARIFYING OUR “Dang It” POLICY
Every once in a while, we will make an error. No one wants to admit it, however I will. Frankly we are humans, and despite all our experience, and all the steps we take to make sure we input the correct information, it can happen. A number gets transposed, or put in the wrong spot, or gets missed… just being human. Last year it happened a few times, and worked out to be 0.25% of our work load. Property taxes vs rent happened on a couple this year, so if you’re getting too big of a trillium benefit let us know right away and will double check, it’s a very tiny box on our forms.
When any error happens CRA will probably pick up on the error and adjust it right away. Sometimes it takes longer, and they ask us or you to clarify, or they will send out a reassessment if they are sure they have the correct information. When this happens, we will do the necessary professional work to correct the problem at no cost to you, sometimes it is what it is. Always let us check whenever you get something from the government. Taxes are a big web and one thing leads to another, and CRA doesn’t usually connect the dots, especially if it is in your favor. We will look at the big picture and pursue it out of principle for you, because we take a lot of pride in what we do.
If we made the error, I will give you a credit on your tax returns for any interest you are charged related to the error we made, up to the time it is discovered and corrected. You are responsible for any tax owing, as you would have been if there had been no error in the first place. When the error comes from missing information that we did not receive, you are responsible for interest and taxes payable. Depending on the work required, we often waive the professional fee to clarify the matter, however, there are times when it takes a lot of work and it falls under our CRA contact procedure policies, and while we appreciate your business, unfortunately our staff do not work for free.
We feel there is value in knowing when you have had contact from CRA, as it triggers future questions for us next time we file your return (i.e., where is that tax slip from the bank?) You do not want to be missing stuff, because after just a few things missing with CRA, they can classify you as a delinquent filer, not reporting all your income, and when you miss something next time they penalize you in the future for forgetfulness. They call it the “repeated failure to report income penalty” and the numbers can get crazy. The government has implemented some changes for income under $500, but above that it is crazy expensive, (just google it you will see what I mean, various calculations), and it takes about 3 years to get off that list, so we will do everything that we can to keep you off the list in the first place, it’s not good for you or us. You may never see it, but rest assured that we take a lot of care and due diligence, so this never or rarely happens. However, if it does, I just want you to know in advance what we will do so you’re not left hanging and wondering. Our staff have clear direction to answer any questions that come up and implement a timely solution. That being said, we encourage you to check over your return, I think it is important that you understand your finances and how things generally work, and CRA makes it quite clear that in the end you are responsible for your taxes, so, if there is something missing, you have the responsibility to bring that to our attention, and we will adjust it. We will do our best to have it correct the first time, but if we made a human error, we welcome the opportunity to get it right. Jim Rohn said, “Accuracy builds credibility” and we are just keeping it real because we are here to serve you and your family and we look forwarding to having a long term relationship that is beneficial to us all. Our greatest compliment is when you refer others to us, it says a lot and is frankly how I prefer to do business.
Henry Ford once said, “Coming together is a beginning; keeping together is progress; working together is success.” ….. Thanks for continuing to work with us, your business and friendship over the years is sincerely appreciated.
We Like to Be TAX SMART
Things are always changing, yet our goal remains as always, to get you the highest refund possible and minimize your tax burden. Working with us has many other benefits as we are a full-service firm with many options available to service your needs.
We encourage you to be Tax Smart; Some new things to be aware of this year
- The sale of a residence must be reported on your taxes , since 2016
- The Seniors Pension Split is still available and we do not charge extra for that service
- We do not charge extra for e-filing, it’s now law that we e-file your return, and saves us time and postage, so we are not going to charge extra for that like some places do.
- Our basic fees are up on average 20% over last year, we have held off increases for several years now, unfortunately inflation continues to impact all of our cost of operations and we had to make an increase this year to reflect these realities.
- If you owe money, we can now setup a preauthorized payment for you with CRA, since 2016
- If you have a business or employment expenses there is great tax benefits, providing you keep track of things properly. One area that we continue to see deficiencies is in logging mileage. Please make this a habit, it is so very important to do this and protect your deductions. If you’re not doing this currently start today. I got an APP on my phone called MileIQ it works pretty good and is worth the deductible investment. There is others as well or the standard write it in a little book works as well, the important thing is to do it so you have the proof, document, and document.
- Fitness and Art credits are no longer a deduction
- Transportation credits ended June 30th last year, however if your 65 or over there is a seniors public transit tax credit in Ontario.
- Tuition credits and transfers from the kids are calculated a little different this year
- There is a number of other items that may impact you, please let us know of any questions you may have regarding your situation.
- Bonus …If we are not already friends on face book, be sure and send me a friend request, I post a lot, and there are many articles there that can save you money, create wealth, and encourage a more reflective life, but more than that, I just like connecting and even if it is just to wish you a happy birthday, that is worth it all. Many connect with me by private message as well, it’s a good way to communicate. We also have a couple pages setup, one for Timothy Ross & Associates which has a purely business related focus and a new one for Brock Shores Financial. Be sure to like it, and if you want adventure, do check out “Be The Adventure”.
PAYMENTS & FILES
Payments can made by cheque, cash or e-transfer. Our fees are based on the complexity of your tax return(s) as well as you’re your monetary situation. If you have a file you have dropped off or previous paper work that we have been holding, please be sure to pick it up once your taxes are done. Unfortunately, we do not have the space to hold everyone’s files for consecutive years.
We value you, and we look forward to serving you once again this year. We hope you appreciate our name change and welcome our new staff as we build our service. We aim to bring value to your life, family or business. Please see the attached document introducing you to some NEW hydration that may improve your everyday living! Be sure and journey down to O’Mally Kourt & Fudgery at 55 King Street West Brockville , grab yourself a cold one and #BeTheAdventure
A little story about #ImprovingFutures , when we were working on the name change, I had a spot on the business card and it was calling me for some text, so I gave it some serious thought and I asked “What do we ultimately do for people ? After some reflecting we decided that Improving Futures is really what we do at the end of the day, then Megan said, “Put a hash tag on it”, and that is what we did.
PS: We are working on a new website, we have a lot of articles there already, we encourage you to simply check it out. The site is being setup as a member driven community site, so we encourage you to become a member while you’re there. www.ImprovingFutures.ca will take you there. It’s value will grow with time and as a member you will certainly hear about stuff first.
Looking forward to hearing from you; Call, Visit, and/or Email 24/7
Brock Shores Financial – Formerly Timothy Ross & Associates
"Where Client Goals Become Our Goals" ®
"Helping Families Achieve ... Life's Major Goals" ®
OMEGA STEWARDSHIP ®
* One Stop Process Driven Approach for Retirement & Income Planning
* Personalized Tax Management Solutions for Individuals & Business Owners
* Confidential Wealth Management Solutions
Family Office providing Insurance Products in Association with Financial Horizons Group
Family Office providing Mutual Funds in Association with Professional Investments (Kingston) Inc."
Family Office providing Tax and Consulting Services
“Good timber does not grow with ease. The stronger the wind the stronger the trees” - John Willard Marriott
“We will receive not what we idly wish for but what we justly earn. Our rewards will always be in exact proportion to our service.” ~ Earl Nightingale
“The best way to find yourself is to lose yourself in the service of others.” ~ Mahatma Gandhi
“Be wary of strong drink. It can make you shoot at tax collectors... and miss.” ~ Robert A. Heinlein
“Here's to the crazy ones. The misfits. The rebels. The troublemakers. The round pegs in the square holes. The ones who see things differently. They're not fond of rules. And they have no respect for the status quo. You can quote them, disagree with them, glorify or vilify them. About the only thing you can't do is ignore them. Because they change things. They push the human race forward. And while some may see them as the crazy ones, we see genius. Because the people who are crazy enough to think they can change the world, are the ones who do.”
~ Rob Siltanen
“Never doubt that a small group of thoughtful, committed, citizens can change the world. Indeed, it is the only thing that ever has.” ~ Margaret Mead
“Be the change that you wish to see in the world.” ~ Mahatma Gandhi
"The beauty of being in business is that your business engages all aspects of your mind, I think that is why you become successful, business challenges you to be more than you are, and that is where the miracle takes place." ~ Timothy Ross, May 2004
EFILE system is currently closed for personal tax returns and will re-open on Monday, February 26, 2018 at 8:30 a.m. (Eastern time) for the electronic filing of our clients 2014, 2015, 2016 and 2017 initial personal income tax and benefit returns and 2015, 2016 and 2017 amended T1 returns.
EFILE Helpdesk Support
Sudbury Tax Centre
1050 Notre-Dame Avenue
Sudbury ON P3A 5C1
Local calls: 705-670-6499
Long distance calls: 1-800-361-6283
Fax: 705-670-6500 or 1-855-338-5495
7:00 a.m. to 4:30 p.m.
The following services will still be available after January 19, 2018:
- Corporation Internet Filing for Corporation Income Tax (T2) returns.
- Electronic filing of Form T1013.
Note: You must use the current-year version of the tax software to electronically submit the 2016 form through the T1013 transmission web service until 8:00 p.m. on Friday, February 9, 2018. When the T1013 web service re-opens at 8:30 a.m. Monday, February 12, 2018 it will only accept the 2017 version of this form.
Year-end tax planning – some steps to take before December 31st (December 2017)
As the 2017 calendar year winds down, the window of opportunity to take steps to reduce one’s tax bill for the 2017 tax year is closing. As a general rule, tax planning or tax saving strategies must be undertaken and completed by December 31st, in order to make a difference to one’s tax liability for 2017. (For individual taxpayers, the only significant exception to that rule is registered retirement savings plan contributions. Such contributions can be made any time up to and including March 1, 2018, and claimed on the return for 2017.)
While the remaining time frame in which tax planning strategies for 2017 can be implemented is only a few weeks, the good news is that the most readily available of those strategies don’t involve a lot of planning or complicated financial structures – in many cases, it’s just a question of considering the timing of expenditures which would have been made in any case. Below is a list of the most common such opportunities available to individual Canadians.
The federal government and all of the provincial and territorial governments provide a tax credit for donations made to registered charities during the year. In all cases, in order to claim a credit for a donation in a particular tax year, that donation must be made by the end of that calendar year – there are no exceptions.
There is, however, another reason to ensure donations are made by December 31st. The credit provided by each of the federal, provincial, and territorial governments is a two-level credit, in which the percentage credit claimable increases with the amount of donation made. For federal tax purposes, the first $200 in donations is eligible for a non-refundable tax credit equal to 15% of the donation. The credit for donations made during the year which exceed the $200 threshold is, however, calculated as 29% of the excess. Where the taxpayer making the donation has taxable income (for 2017) over $202,800, charitable donations above the $200 threshold can receive a federal tax credit of 33%.
As a result of the two-level credit structure, the best tax result is obtained when donations made during a single calendar year are maximized. For instance, a qualifying charitable donation of $400 made in December 2017 will receive a federal credit of $88 ($200 × 15% + $200 × 29%). If the same amount is donated, but the donation is split equally between December 2017 and January 2018, the total credit claimable is only $60 ($200 × 15% + $200 × 15%), and the 2018 donation can’t be claimed until the 2018 return is filed in April 2019. And, of course, the larger the donation in any one calendar year, the greater the proportion of that donation which will receive credit at the 29% level rather than the 15% level.
It’s also possible to carry forward, for up to 5 years, donations which were made in a particular tax year. So, if donations made in 2017 don’t reach the $200 level, it’s usually worth holding off on claiming the donation and carrying forward to the next year in which total donations, including carryforwards, are over that threshold. Of course, this also means that donations made but not claimed in any of the 2012, 2013, 2014, 2015, or 2016 tax years can be carried forward and added to the total donations made in 2017, and the aggregate then claimed on the 2017 tax return.
When claiming charitable donations, it’s possible to combine donations made by oneself and one’s spouse and claim them on a single return. Generally, and especially in provinces and territories which impose a high-income surtax – currently, Ontario and Prince Edward Island – it makes sense for the higher income spouse to make the claim for the total of charitable donations made by both spouses. Doing so will reduce the tax payable by that spouse and thereby minimize (or avoid) liability for the provincial high-income surtax.
This year, there is an additional last-chance incentive for Canadians who have not been in the habit of making charitable donations to make a cash donation to a registered charity. In the 2013 Budget, the federal government introduced a temporary charitable donations super-credit. That super-credit (which can be claimed only once) allows individuals who have not claimed a charitable donations tax credit in any tax year since 2007 to claim a super-credit on up to $1,000 in cash donations made during the year. The super-credit works by providing an additional 25% credit for cash donations. Consequently, when the super-credit is combined with the regular charitable donations tax credit, the total credit claimable is equal to 40% (15% + 25%) of donations under $200 and 54% (29% + 25%) of donations over the $200 threshold. This year (2017) is the last year for which the super-credit can be claimed, and only in respect of qualifying donations made before the end of the year.
Timing of medical expenses
There are an increasing number of medical expenses which are not covered by provincial health care plans, and an increasing number of Canadians who do not have private coverage for such costs through their employer. In those situations, Canadians have to pay for such unavoidable expenditures – including dental care, prescription drugs, ambulance trips, and many other para-medical services, like physiotherapy, on an out-of-pocket basis. Fortunately, where such costs must be paid for partially or entirely by the taxpayer, the medical expense tax credit is available to help offset those costs. Unfortunately, the computation of such expenses and, in particular, the timing of making a claim for the credit, can be confusing. In addition, the determination of which expenses qualify for the credit and which expenses do not isn’t necessarily intuitive, nor is the determination of when it’s necessary to obtain prior authorization from a medical professional in order to ensure that the contemplated expenditure will qualify for the credit.
The basic rule is that qualifying medical expenses (a lengthy list of which can be found on the Canada Revenue Agency (CRA) website at http://www.cra-arc.gc.ca/medical/#mdcl_xpns) over 3% of the taxpayer’s net income, or $2,268, whichever is less, can be claimed for purposes of the medical expense tax credit on the taxpayer’s return for 2017.
Put in more practical terms, the rule for 2017 is that any taxpayer whose net income is less than $75,500 will be entitled to claim medical expenses that are greater than 3% of his or her net income for the year. Those having income over $75,500 will be limited to claiming qualifying expenses which exceed the $2,268 threshold.
The other aspect of the medical expense tax credit which can cause some confusion is that it’s possible to claim medical expenses which were incurred prior to the current tax year, but weren’t claimed on the return for the year that the expenditure was made. The actual rule is that the taxpayer can claim qualifying medical expenses incurred during any 12-month period which ends in the current tax year, meaning that each taxpayer must determine which 12-month period ending in 2017 will produce the greatest amount eligible for the credit. That determination will obviously depend on when medical expenses were incurred so there is, unfortunately, no universal rule of thumb which can be used.
Medical expenses incurred by family members – the taxpayer, his or her spouse, dependent children who were born in 2000 or later, and certain other dependent relatives – can be added together and claimed by one member of the family. In most cases, it’s best, in order to maximize the amount claimable, to make that claim on the tax return of the lower income spouse, where that spouse has tax payable for the year.
As December 31st approaches, it’s a good idea to add up the medical expenses which have been incurred during 2017, as well as those paid during 2016 and not claimed on the 2016 return. Once those totals are known, it will be easier to determine whether to make a claim for 2017 or to wait and claim 2017 expenses on the return for 2018. And, if the decision is to make a claim for 2017, knowing what medical expenses were paid and when, will enable the taxpayer to determine the optimal 12-month waiting period for the claim.
Finally, it’s a good idea to look into the timing of medical expenses which will have to be paid early in 2018. Where those are significant expenses (for instance, a particularly costly medication which must be taken on an ongoing basis) it may make sense, where possible, to accelerate the payment of those expenses to December 2017, where that means they can be included in 2017 totals and claimed on the 2017 return.
Reviewing tax instalments for 2017
Millions of Canadian taxpayers (particularly the self-employed and retired Canadians) pay income taxes by quarterly instalments, with the amount of those instalments representing an estimate of the taxpayer’s total liability for the year.
The final quarterly instalment for this year will be due on Friday December 15, 2017. By that time, almost everyone will have a reasonably good idea of what his or her income and deductions will be for 2017 and so will be in a position to estimate what the final tax bill for the year will be, taking into account any tax planning strategies already put in place, as well as any RRSP contributions which will be made before March 2, 2018. While the tax return forms to be used for the 2017 year haven’t yet been released by the CRA, it’s possible to arrive at an estimate by using the 2016 form. Increases in tax credit amounts and tax brackets from 2016 to 2017 will mean that using the 2016 form will likely result in a slight over-estimate of tax liability for 2017.
Once one’s tax bill for 2017 has been calculated, that figure should be compared to the total of tax instalments already made during 2017 (that figure can be obtained by calling the CRA’s Individual Income Tax Enquiries line at 1-800-959-8281). Depending on the result, it may then be possible to reduce the amount of the tax instalment to be paid on December 15 – and thereby free up some funds for the inevitable holiday spending!
The information presented is only of a general nature, may omit many details and special rules, is current only as of its published date, and accordingly cannot be regarded as legal or tax advice. Please contact our office for more information on this subject and how it pertains to your specific tax or financial situation.
Cool Words - Harbinger
1 : one that initiates a major change : a person or thing that originates or helps open up a new activity, method, or technology : pioneer
2 : something that foreshadows a future event : something that gives an anticipatory sign of what is to come
Did You Know?
When medieval travelers needed lodging for the night, they went looking for a harbinger. As long ago as the 12th century, harbinger was used to mean "one who provides lodging" or "a host," but that meaning is now obsolete. Later on, harbinger was also being used for a person sent ahead of a main party to seek lodgings, often for royalty or a campaigning army, but that old sense has largely been left in the past, too. Those sent ahead would announce the approach of who was following behind, and that's how our modern sense of harbinger (from the Anglo-French herberge, meaning "lodgings") acquired the sense with which we are familiar today, that of something which foretells a future event.
In many ways, "Life's Major Goals" is speaking to future events in your life, the harbinger of the reason we do what we do with our process and vision of providing Omega Stewardship through our Family Office, here at Brock Shores Financial ~ TLR
We help families plan and implement strategies to accomplish "Life's Major Goals"
- Tax Smart Planning & Investing
- Worry Free Retirement
- Education of Our Children & Grandchildren
- Quality Care For Our Parents
- Meaningful Financial Help For Our Loved Ones
- Meaningful Legacy
I came across this cool video with Morgan Freeman in it, enjoy, looks like he is on adventures that can only e achieved in a Worry Free Retirement
Through Back Thursday - Circa 2007
Going through my archives I came across some great memories. Some building blocks of Timothy Ross & Associates. This is one of the foundation documents that I produced in March 2007 where I summarized the concept of the process that I was building call Omega Stewardship.
This document is in it's raw form, the inside view, the bricks that built the business. ~ TLR
Omega Stewardship ® "Providing the Multi - Family Office Solution"
1. Compliance & Disclosure
2. Maintain & Enhance Existing Client Relationships
3. Convert Prospects to Clients
Who, What, When, Why, Where
Omega Stewardship is a brand developed by Timothy L. Ross, a Financial & Tax
Advisor, who has been practicing and serving clients since 1988. Mr. Ross,
created his own designation, Family Advisor, to distinguish himself in a
crowded financial services market.
He has developed several brands, and slogans to enhance and differentiate
his business from others in the industry.
"Where Client Goals Become Our Goals"
"Merchant of Hope & Prosperity"
"Steward of Faith, Hope & Prosperity"
"Helping Families Acheive ... Life's Major Goals"
"Gaurdians of Your Families Wealth"
Tim's creative and imaginative mind has been able to take some of the best
of the best ideas and integrate them into a practice standard that allows a
very comprehensive and holistic approach to financial planning. His process
is geared around complete personalization of all key communications with
Mr. Ross and others in the industry believe that this system will be a boom
for any advisor that has a desire to streamline their client management and
acquisition process. The tools combined with professional competancy will
ensure a successful, profitable, meaningful , well run practice.
The system integrates all compliance matters to help reduce litigation and
misunderstanding between advisor and client. The full disclosure engagement
letters, risk profile, numerous disclosure documents required today,
investment policy statements and ongoing educational matters helps to
control and reduce risk. The practice standards that drive the client
contact process ensure proper notes, documents, meeting guides and activity
reports that allow an advisor to maintain an active log of all
Your compliance officer will sleep well knowing you are providing Omega
Maintain & Enhance Existing Client Relationships
Omega Stewardship helps to consolidate all parts of a clients financial
plan, current and future. Integrating these matters in a tangible way,
involving the client and advisor in what we call a work in process, the
process is never finished, as life is always evolving and so the financial
plan must as well. Clients become advocates of Omega Stewardship and the
advisor providing this level of quality care and service. The system will
uncover hidden opportunities and the client will see were they need help as
well, it is a work in progress. You will have deeper more satisfying
relationships and you will make a real true impact and difference in your
clients and their families life. You automatically become more referral and
they will become advocates for Omega Stewardship and you as the advisor.
Converting Prospects to Clients
"We have a process, and it makes all the difference" When a prospect sits
down with you and they see you have prepared for the meeting, they know they
are working with a professional who knows her business. When they see what
you have already prepared for them, even before you have done business, they
will know you are serious and they will want to work with you. No one else
will be able to provide what you just offered, it is tangible, they can see
it, touch it, with coaching they will feel it. That will give you an edge
and help convert all the business to your management. It will simply be hard
for them not to give you their business.
We practice Continuous Improvement. Creating efficiencies, documenting processes, procedures and this helps to reduce potential confusion that can occur in a busy family office practice. This helps to raise the bar for the client experience.
Family Advisor ® , since 1988
Branch Manager Professional Investments
"Steward Of Faith, Hope & Prosperity" ®
"Where Client Goals Become Our Goals" ®
"Helping Families Achieve ... Life's Major Goals" ®
"Life's Major Goals"
1. Tax Smart Planning & Investing
2. Worry Free Retirement
3. Education of Our Children & Grandchildren
4. Quality Care for Our Parents
5. Meaningful Financial Help for Our Loved Ones
6. Meaningful Legacy
Timothy L. Ross,
Family Advisor ®, since 1988
"Where Client Goals Become Our Goals" ®
"Helping Families Achieve... Life's Major Goals" ®
OMEGA STEWARDSHIP ®
Guardians Of Your Family's Wealth"
Well, It's Nov 19th, 2017 a Sunday morning and I'm back on the Ning Network relearning about this community platform. I first used this platform about 8 years ago. I had setup omegastewarship.ning.com for my business and govern.ning.com when I ran for Council in Elizabethtown. I'm kind frugal and I was enjoying the benefits of their free site and then they changed, I wasn't big enough to have the paying ones, so when they changed I was not too happy, I did subscribe for awhile, however in those days, Facebook was just getting going and that was free, and I also had a few blogs on the Blog.ca site which was a small annual fee. I made a decision to abandon the Ning site, I had multiple options which seemed to be very cost effective, so made a decision to do so. Now, here I am "Full Circle".
Right away, I am impressed, and remember how simple and flowing this platform was. So, first five minutes, I'm signed up, I'm engaged and feeling good about this decision.
As I am doing this first blog, I am thinking a variety of thoughts. One of the things I would like to do is setup business's and all the little things that are required to do so, I'm very good at it. I think it is a marketable value added service and have had some good success helping others get going with their ideas. So, I'm going to add a few tips along the way which can help anyone launch that great idea on a good foundation. If your just starting out or wanting to rebrand your business or change the structure, you will be able to seek our Family Office here at Brock Shores Financial and we will be able to support your dream.
Well I better stop, and go for a walkabout ad get some fresh air and enjoy the fresh snow that is falling, make some tracks.
Have a blessed day
Timothy Ross, CEO & Founder, Brock Shores Financial #ImprovingFutures
PS: leave some comments, tips of your own, links that helped you, the good and the bad, this is our community, your contributions are appreciated.
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