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Tanner Hassell, CFP, CIM - Springleaf Financial Group

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Tanner Hassell, CFP, CIM - Springleaf Financial Group

Financial Planning for Health-Focused Small Business Owners | Helping Health Professionals & Entrepreneurs Build Tax-Efficient Wealth

07/21/2026

Private credit is drawing attention with promises of high yields and stability, but the reality might be more complex. These funds lend to companies that can't get bank loans, which makes them riskier. The fees are substantial, often cutting into the expected returns. Loans aren't traded publicly, so their true value can be obscured by infrequent valuations. Marketing materials often emphasize stability, but this can be an accounting illusion. The asset class hasn't weathered a full economic downturn at its current size, leaving its resilience untested. Before investing, consider the borrowers, the total fees, and how often the loans are valued. Public high-yield bonds and small-cap stocks might offer similar returns with greater transparency. Remember, every investment opportunity comes with trade-offs. Approach with caution and ensure thorough research.

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07/20/2026

The excitement around IPOs is palpable, often driven by media buzz and the allure of getting in on the 'ground floor.' Stories of substantial first-day gains can make IPOs seem like an irresistible opportunity. Yet, the reality for long-term investors is often less glamorous. Data shows that IPOs frequently underperform compared to a diversified portfolio of established public companies.

When companies go public, a media frenzy often ensues. This isn't coincidental—underwriters and insiders have strong incentives to generate excitement. First-day price pops may sound appealing, but these benefits are typically reserved for a small, exclusive group who buy at the IPO price. Everyday investors usually find themselves paying inflated prices once trading begins.

Research, such as Ritter's 1991 study, indicates that IPOs as a group tend to underperform the broader market over time. Factors like aggressive pricing, insider selling, and strategic market timing contribute to this trend. These elements create an environment that appears full of promise but often results in stagnation or decline.

For investors, the lesson is clear: approach IPOs with caution. Instead of chasing the latest high-profile company, consider a diversified, low-cost investment strategy. This approach can capture broader market returns without the risks associated with IPOs. While some IPOs succeed, the overall trend suggests they are not the reliable opportunity they might appear to be."

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07/19/2026

Private equity (PE) funds often promise high returns and unique access to market 'alpha,' but the data presents a different picture. Research shows that PE returns generally mirror those of public small cap value stock funds, without providing the exceptional gains many expect. The high fees, including around 2% in annual management fees and 20% performance fees, can significantly impact net returns.

Another challenge for investors is the wide variation in manager performance. McKinsey's review reveals a substantial spread between top and bottom performers, making manager selection a critical and risky endeavor. Since the early 2000s, the persistence of outperformance by top managers has largely disappeared, meaning past success doesn't predict future gains.

For individual investors, the high costs and complexities of accessing PE often outweigh the benefits. Public market alternatives can offer similar returns at a fraction of the cost, with greater liquidity and transparency. Generally speaking, I do not recommend these for people, but exercise a lot of caution if you wish to proceed, and understand that you may be locking up your funds and lose your principal.

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07/17/2026

Concentrated investment positions can pose hidden risks that many investors underestimate. While it might feel secure to invest in familiar stocks, this can actually amplify market swings into life-changing outcomes. Unforeseen events like regulatory changes or product recalls can lead to severe financial losses, challenging the illusion of safety in familiarity.

Research reveals that only 4% of companies have driven all market gains since 1926, while nearly half of large-cap stocks have seen declines of over 70% from which they never recovered. This underscores the importance of diversification to mitigate risks and achieve financial goals. Instead of relying heavily on a few stocks, consider spreading investments across various sectors and regions.

Before holding onto familiar investments, ask yourself, 'If I had cash today, would I still buy this?' This can help avoid the trap of behavioral biases. Ultimately, a diversified approach, combined with patience and a clear strategy, is essential for long-term investing success, protecting your financial future from unexpected events. https://www.springleaf.ca/ -statements

07/15/2026

Imagine having a job that pays $100,000 but offers nothing if you become disabled, versus one that provides $98,000 with a $60,000 tax-free benefit if you can't work. Most would choose the latter. This highlights the importance of disability insurance in protecting your financial future.

If illness or injury stops your income, would your family be financially secure? For many Canadians, the answer is no. Disability insurance safeguards your ability to earn, offering a monthly tax-free benefit to cover essential expenses like mortgage and groceries while you recover.

Employer plans might seem adequate, but they often have limitations. They can change definitions after two years, potentially stopping benefits. A private policy offers consistent coverage that remains with you regardless of job changes. While costs vary, a healthy individual in their 30s might pay around 1%–3% of their income. Investing in a quality policy provides peace of mind, making it a cornerstone of financial planning.

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07/13/2026

Choosing the right investment account in Canada is vital for shaping your financial future. With options like TFSAs, RRSPs, and FHSAs, each offers distinct advantages. Registered accounts provide tax benefits, but come with specific rules and limits, while non-registered accounts offer more flexibility but lack tax sheltering.

The TFSA is a powerful tool for long-term investing, allowing tax-free growth and withdrawals. However, losses aren't tax-deductible, so it's wise to be cautious with high-risk investments. RRSPs are excellent for tax planning, offering tax-deductible contributions and growth until retirement, with unique benefits for holding U.S. equities.

The new FHSA is perfect for those saving for a first home, combining features of both TFSAs and RRSPs. It offers tax-free withdrawals for home purchases. Each account type supports different financial goals at various life stages. Regularly reviewing and adjusting your strategy ensures alignment with your evolving financial needs and goals.

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07/11/2026

Building a smarter investment portfolio involves more than just seeking high returns. It's about balancing risk, understanding your behavior, and aligning with your personal goals. Asset allocation is a key component, determining how much of your portfolio should be in equities, bonds, or real estate based on your unique circumstances.

The idea of a 'perfect' portfolio can be misleading. While theoretical models provide insights, they rely on changing assumptions. Instead of chasing perfection, focus on achieving returns that align with your life goals, such as family time or a dream vacation. Aiming for a 'good' return that supports your lifestyle can often be more rewarding and less risky than trying to outperform the market.

Investor behavior plays a significant role in returns, with many earning less due to poor timing—buying high and selling low. A diversified and balanced portfolio that you can stick with during market fluctuations is essential. Ultimately, the best portfolio is one tailored to your needs, allowing you to maintain it through both highs and lows, ensuring your financial aspirations are met.

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07/10/2026

Private real estate income funds have gained significant popularity, offering the enticing promise of 6 to 8 percent yields with quarterly distributions. These funds appear to offer stable valuations, but the reality behind this calm facade is complex. Appraisal smoothing, where property values are updated infrequently, creates an illusion of stability that masks true market volatility.

The calm appearance is not genuine risk reduction. These funds typically leverage 25-40% to invest in properties like office towers and industrial parks. Values change only when new appraisals occur, sometimes just once a year, not reflecting real-time market dynamics.

Research indicates that the returns from these funds can be replicated using a mix of public equities and bonds, at much lower fees. Studies reveal that once adjustments for lagged betas and leverage are made, the supposed 'illiquidity premium' disappears, and there might even be an illiquidity discount.

Floating-rate mortgages add another layer of complexity. As interest rates rise, debt costs can increase faster than income, leading to financial strain. During economic downturns, when redemptions are gated, true asset values can suddenly surface, challenging the perception of stability.

For investors seeking genuine diversification, publicly traded assets offer real-time pricing and a clearer view of risk, providing more reliable and liquid options. Understanding these hidden mechanics is crucial for making informed investment decisions. Choose wisely and consider the benefits of transparency and liquidity in public markets.

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07/09/2026

Navigating investment decisions can be tricky, especially when emotions and uncertainty are involved. Many professionals find themselves holding onto cash, worried about market downturns. However, it's crucial to remember that markets are forward-looking and often price in news before it becomes widespread. This means waiting for 'clarity' could result in missing out on recovery opportunities.

For those considering switching from high-fee investments, the long-term benefits can be substantial. Even if there's an initial tax hit, the savings from reduced fees often outweigh the costs. In a real-world scenario, switching to a lower-cost portfolio resulted in over $2 million in additional growth over 30 years.

Chasing hot investment trends might seem appealing, but history shows that exciting sectors often underperform. Between 1989 and 2022, railway stocks outpaced tech stocks despite tech's rapid innovations. This highlights the value of broad diversification and low fees for stable returns. It's important to focus on long-term goals and not let short-term fears dictate your strategy. Understanding these principles can help make more informed decisions.

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07/08/2026

Deciding whether to contribute to CPP and EI isn't just about taxes—it's about understanding the benefits. For many incorporated professionals in Canada, these programs offer more than just employee protections.

The Canada Pension Plan (CPP) provides an indexed, risk-free retirement benefit. It's not just for retirement; it offers disability support, survivor pensions, and a child-rearing provision. As one of the most respected pension systems globally, CPP ensures a lifetime pension linked to inflation.

Paying yourself a salary rather than dividends means contributing to CPP, which can be a strategic move. With long-term returns around 5% per year, it’s a stable investment, especially during market downturns.

Employment Insurance (EI) might seem limited, but its special benefits program is valuable for those planning parental leave or needing compassionate care. This could be crucial for future family planning.

Choosing a dividend-only strategy might save on premiums, but it sacrifices CPP accumulation and RRSP room creation. Short-term tax savings can lead to long-term regrets.

A blend of salary and dividends can offer the best of both worlds. It allows for RRSP room creation and TFSA maximization. Your strategy should align with personal goals and be revisited as your needs evolve.

As your advisor, I can help tailor a strategy that leverages these programs for long-term value, ensuring every decision supports your financial future.

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Address

410/1620 Dickson Avenue
Kelowna, BC
V1Y9Y2

Opening Hours

Monday	9am - 4pm
Tuesday	9am - 4pm
Wednesday	9am - 4pm
Thursday	9am - 4pm
Friday	9am - 4pm

Website

http://springleaf.ca/

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