Riley Otto, Investment & Wealth Advisor of RBC Dominion Securities Inc.

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Canada
Montreal, QC
Riley Otto, Investment & Wealth Advisor of RBC Dominion Securities Inc.

As an Investment Advisor at Canada's leading wealth management firm, Riley translates clients unique

11/07/2024

Had a great time last weekend helping judge the RBC Training Grounds National Final in Halifax last weekend with Wrestling Canada! Also always great to see my good friend Erica Wiebe, an Olympic Champion and huge inspiration to the young athletes who participated.

09/05/2024

The Bank of Canada cut its key interest rate again in September. Josh Nye, Canadian Fixed Income Strategist, shares what’s behind the cut and what to expect moving forward.

08/01/2024

The Power of Specialized Expertise

In life, no one can be the best at everything. Just as decathletes excel through a broad range of skills, they don’t hold world records in any single event. This principle of division of labor is crucial in many areas—be it plumbing, roofing, or seeking medical care when we’re unwell.

The same concept applies to wealth management. At RBC, we recognize that no one is an expert in every market. That’s why we leverage our scale to engage top specialists across all areas of our clients’ financial lives. This ensures we deliver the best advice and service in every aspect of our relationship, from asset management, to estate planning, tax planning and financial planning.

07/29/2024

As I prepare to head to Paris next week to support Team Canada in the 2024 Olympics, I’ve been reflecting on former elite athletes and their impact on the business world. Some of these include:

1️⃣🤼 Jeff Adamson: A former Canadian National Team wrestler who had a huge influence on my professional and athletic journeys. After Jeff’s wrestling career, he went on to co-found both SkipTheDishes and Neo Financial, two companies that have had enormous impacts on their respective industries.

2️⃣🛶 Julia Rivard-Dexter: A Canadian Olympian and long-time National Team athlete in sprint canoe who went on to co-found Shoelace Learning, a revolutionary platform that uses video games to teach reading comprehension for young students. Julia also serves on the board of Nova Scotia Power and was named one of the top 50 women in STEM.

3️⃣⛷️ Bill Koch: A former cross-country skier and Olympic medalist who became a successful entrepreneur in the technology sector, founding and leading multiple tech companies.

4️⃣🥍 Kip Fulks: A former professional lacrosse player who co-founded Under Armour, a leading company in the sports apparel and footwear industry, significantly impacting the business of sports and fitness.

5️⃣🏒 Angela Ruggiero: A former ice hockey player and four-time Olympian who co-founded Sports Innovation Lab, a technology-powered market research firm that helps sports organizations identify and understand trends in the industry.

07/24/2024

🌟 Preparing for Retirement from Your Business: Key Considerations 🌟

Transitioning from an active role in your business to retirement is a significant decision, especially for high net worth individuals. Here are five essential steps to consider for a seamless and successful transition:

1️⃣ **Initiate Your Succession Plan Early: Early planning provides more flexibility and ensures a smoother transition.

2️⃣ **Set Realistic Goals: Clearly defined, achievable objectives will guide your succession plan and facilitate a successful handover.

3️⃣ **Regularly Review Your Plan: Continuous review and updates will keep your plan aligned with evolving circumstances.

4️⃣ **Identify Successor Qualities: Determine the skills and attributes essential for your successor to sustain and grow your business.

5️⃣ **Assemble a Team of Advisors: Engage with legal, financial, and business advisors to navigate the complexities of succession planning.

Thoughtful planning and expert guidance are crucial for preserving your legacy and ensuring the continued success of your business. If you’d like to discuss your succession plan in detail, feel free to reach out.

🔗

07/22/2024

With their 2023/2024 Impact Report recently being published, I want to share how proud I am to support Hospice Halifax and their incredible impact on their community. Over the past five years, they have provided compassionate end-of-life care to 571 individuals, ensuring every moment is filled with love and dignity. Their dedicated team of staff and volunteers, innovative programs like the Virtual Bereavement Education Group, and heartwarming initiatives such as "Cuddles for Christmas" are truly inspiring. Hospice Halifax embodies the values of care and compassion, making a profound difference in the lives of many.

Thank you, Hospice Halifax, for your unwavering commitment to improving end-of-life care and grief support in Nova Scotia.

To learn more about their amazing work, please check out their newly released 2024 annual report.

07/19/2024

👪Wondering how to start talking to your kids about money? 💡

One of the greatest gifts a parent can give a child is the knowledge and skills to manage their finances effectively. RBC Wealth Management has identified five essential financial literacy principles that we help our clients teach their children to set them on the path to a secure and prosperous future:

1. Budgeting: Teach your kids the importance of paying themselves first by saving a portion of their allowance or earnings.

2. Goal Setting: Help them match their financial vision with their savings, whether the goal is as simple as saving for a new toy, or as big as their first home.

3. Taxation: Explain how earnings are taxed and why it's important to understand this from an early age.

4. Investing: Encourage them to think about, plan, and map out their goals. Simple activities like setting up a savings account can be a great start. There are few things more powerful than compound interest.

5. Borrowing: Teach them the importance of borrowing to grow wealth and the responsibilities that come with borrowing.

By instilling these principles early, children can be armed with the tools they need to thrive and make informed financial decisions.

07/17/2024

As a former member of the Canadian National Wrestling team, and now an Investment & Wealth Advisor with Canada's leading Wealth Management firm, I've experienced firsthand how discipline and a long-term focus can lead to extraordinary success; through my own experience, as well as my clients and teammates.

For high net worth families, wealth management is about more than just growing assets - it's about preserving and enhancing your legacy. Much like in wrestling, where success comes from rigorous training and strategic planning, effective wealth management relies on a disciplined approach and a clear vision. There is no replacement for following the process and adhering to a well-structured plan.

04/23/2024

The proposed federal budget has potentially large implications for many Canadian investors - particularly when it comes to capital gains. This article is a great perspective from our Family Office Services Team that provides an overview of all the major new measures that stand to affect investors.

12/06/2023

70%.. That is how much of the Russell 1000 Growth Index's YTD return up to 9/30/23 was attributed to the 7 largest stocks in the index. Those 7 stocks made up 53% of the index.

Total YTD return at 9/30/23 was 24.98%. Annualized, that would be 34.73%. The index's return for 2022 was -29.65%. If you held the index from January 1, 2022 to September 30, 2023, your total return would have been -4.32%.

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H3A1Z4

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