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Our Team

Our Team


Our Team


 

When we speak of “experience” we really mean business! Our people are highly trained and experienced investment professionals. We understand the impact economic and financial events have on the markets.

In addition to the impressive investment credentials of our own people, we subscribe for input from numerous highly regarded external investment and economic consultants.  We also avail ourselves of specialized expertise on an “as required” basis.

In the daily conduct of our business, we have built the network of portfolio managers in various asset classes, investment consultants, independent investment and economic analysts that constantly provide input into our investment process. This is what we call the “VALUE CHAIN”.

The result is that our clients have more expertise working for them than any single investment advisory organization in the business.

 


Company’s principals:


 

R. Bruce Sansom

R. Bruce Sansom

Chairman and CEO

Bruce Sansom, founding partner of Global Wealth Builders Ltd., is the senior member of our investment team. Since 1954, he has gained extensive investment experience in virtually all facets of the investment business. Including the underwriting, research, trading and management of securities. He was a member of the trading staff of a member firm on the trading floor of the Toronto Stock Exchange and managed the bond trading department of an investment firm in both Toronto and Montreal. For many years, he was the Edmonton branch manager of a national investment dealer. In 1976 he established the first investment management firm in Edmonton under the name Managed Investments Ltd. Under his guidance that firm grew to one of the largest in Western Canada with assets under management approaching $1 billion at the time of sale in 1995. The firm never produced negative returns over 19 consecutive years in business. In retirement, he gained additional valuable experience both as an individual investor and as a client of the investment management business. This first hand insight into the needs of our clients brings an exceptionally valuable perspective to the firm’s presentation of our portfolio reports and in our client relations.

 

 


 

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Investment Wisdom

WealthNotes

WealthNotes

The Federal Open Market Committee (FOMC) reduced the central bank rate by 0.25% yesterday. The Dow closed down 334.75 points (1.22%) which reflects the disappointment that the cut wasn’t 0.50%, with promises of more stimuli to follow.

The market fully recovered that loss early today but Trump’s announcement of additional tariffs of 10% on over $300 Billion of Chinese exports caused that gain to evaporate to a loss of another 280 points (1.04%).

The FOMC is walking a delicate tightrope. If they had made a bigger cut and promised more stimuli, investors would have interpreted that as confirmation that the economy is in worse shape than is understood.

The question period after the announcement was an amazing display of circumlocution. I found it quite understandable because the US economy has some pockets of weakness that are concerning but the indicators are not universally bad.

I will give them the benefit of the doubt for the time being but I suspect that the 20% market decline in late 2018 increased pressure from Mr. Trump to cut rates. Trump does not want a strong US currency or falling markets.

He has been trying to talk down the US currency.

The European and Asian economies are clearly in a slowdown, which will impact the US in due course. This cut in rates could be the FOMC’s response to the risk from external weakness. The European Central Bank is promising to join in with more stimuli. Their rates are already negative, which is killing the European banks.

The FOMC denies that more cuts will be automatic unless the economy needs more help. I don’t believe that statement, because there has never been just one cut and done through history.

They seem to be trying to get out of the way of the financial markets, rather than promise to come to the rescue of investors if markets decline. This is probably the most important message because investors have been rescued from falling markets since 2009 and have been expecting this to continue.

Currently, short-term bond yields, have fallen below the Fed’s new rate. Clearly, the bond market is anticipating more rate cuts.

All-in-all, the rate reduction is not meaningful. In the meantime, we are implementing a significant adjustment to our portfolios with the expectation the change may provide a solid gain over the next few months.  There is no guarantee of course but it is a strong likelihood.

Sincerely

Bruce Sansom

 

 

 

 

 

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Contact Us

Global Wealth Builders Ltd.
Suite 105, Mayfield Business Centre
10525 - 170 Street N.W.
Edmonton, AB T5P 4W2

Canada
 Toll Free: 877-488-2858
 Phone: 780-488-2858
 Fax: 780-488-2837

 service@Gwealth.ca

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