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Senior Investment Advisor - BMO Nesbitt Burns Inc.
A well-regarded financial professional based in Calgary, Canada, Vance Elder focuses on giving back to his community. In addition to his role as a Senior Investment Advisor at BMO Nesbitt Burns Inc. in Calgary, Mr. Elder supports youth education and a number of philanthropic organizations.
At Wood’s Homes, a Calgary-based youth counseling service, Vance Elder has served on the Planned Giving Committee, donating his time to provide services for troubled youths and families. An avid supporter of financial education for youth, Mr. Elder has been an active part of the BMO Entrepreneurial Adventure program in Canada. Through this program, initiated by The Learning Partnership, he has taught seventh grade students about setting goals and values in order to develop business ventures that could potentially benefit the local community. Pursuing a variety of charitable ventures, he supports the Canadian Cancer Society, the Canadian Breast Cancer Foundation, and the CNIB (Canadian National Institute for the Blind).
At BMO Nesbitt Burns, Vance Elder manages a comprehensive wealth management group, The Elder Team, dedicated to providing financial advice to a range of clients in areas such as estate management, investment, and retirement planning. As a top-performing investment advisor in terms of customer service and business management, Mr. Elder has earned membership on BMO Nesbitt Burns’ Chairman’s Council.
Vance Elder attended the University of Calgary, where he earned a Bachelor of Arts in Economics and Management. Receiving certification as a Personal Financial Planner from IIROC (Investment Industry Regulatory Organization of Canada), he has been providing financial advice for over 15 years. Based in Calgary, Mr. Elder enjoys outdoor recreational activities such as rollerblading, hiking, tennis, and curling.
Vance Elder's Publications
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Assessing Financial Risk Tolerance , By Vance Elder
April, 2012
As a Senior Investment Advisor with a BMO Nesbitt Burns Comprehensive Portfolio Advisory practice in Calgary, Canada, I often consult with clients anxious to know the best strategies for managing and growing their assets. There is no simple answer to these clients’ pressing financial questions. Rather, any effective asset allocation strategy must take into consideration a complete picture of investment objectives, risk tolerance, time horizon, estate planning needs, and tax consequences.
Risk is a critical element in defining investment objectives, as it quantifies just how far people are willing to push the envelope in pursuing financial gains. Key questions I ask clients involve their tolerance for the swings inherent in equity holdings. While it can be exciting to see a stock or fund take off in the market, it can be just as disheartening to see its potential diminish as company valuations decrease. While mid-career investors may be able to weather these swings with minimal long-term financial stress, individuals approaching retirement may prefer a conservative approach that lessens equity holdings and instead invest in high-quality, diversified portfolios.
About the author: Vance Elder has served Calgary clients in wealth management capacities for the past 15 years.
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Investment Tips for Canadian 20-Somethings, By Vance Elder
April, 2012
Unlike our neighbors to the south, the Canadian economy holds relatively good prospects for recent college graduates. First jobs bring much-desired extra cash each month, and with it, the chance to plan for the future. The following tips should help young professionals establish good habits:
1. Get rid of bad debt. School debt and credit card bills require attention, the sooner the better. Pick credit cards with low limits and pay the bill at the end of the month to avoid balances with high interest rates. Paying on time helps build good credit history.
2. Create an emergency fund. A fund of several thousand dollars can protect against sudden bills, such as car repairs or unexpected health care expenses.
3. Invest for the long term. Putting money away for retirement is crucial. Many people in their 20s focus on the near term at the expense of their retirement funding. However, those years never come back. A 25-year-old who begins with a $2,000 contribution in an RRSP and adds $2,000 each year can yield $169,603 at retirement.
About the Author: Vance Elder is a Senior Investment Advisor with BMO Nesbitt Burns. Vance Elder holds a degree in economics and management from the University of Calgary.
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