Tyrel McLelland, CFP RRC - IG Wealth Management

Tyrel McLelland, CFP RRC - IG Wealth Management Senior Wealth Advisor, IG Wealth Management Inc. Mutual Fund Division Disclosures: http://www.investorsgroup.com/en/legal/disclaimers

09/03/2026

The 60/40 portfolio has been the subject of much hand-wringing in recent years. So, what's an investor to do? The solution is "unglamorous": Know what you own.

09/02/2026

Before assigning a valuation, institutional buyers evaluate cash flow quality, financial discipline, operational resilience and risk. Learn the five tests that matter most.

09/02/2026

The case is offering a view into the complex strategies the superrich deploy to protect what they have earned.

09/01/2026

One of the biggest risks to your financial well-being might be advice from your brother-in-law.

You've probably heard me joke about this before.

"I did this, and it worked great" can be incredibly convincing because it's based on someone's real-life experience. The challenge is that we usually hear about the successes, not the failures.

It's a bit like gambling. People are quick to tell you about the jackpot they hit. They're much less likely to tell you how much money they lost trying to get there.

Lately, this has become even more of a concern because financial advice is everywhere online.

Recently, my wife sent me a screenshot of a Facebook post that boldly stated:

"DO NOT LET YOUR PARENTS GIFT YOU THEIR HOUSE OUTRIGHT."

The post went on to recommend using a trust instead.

Now, could that be the right strategy for some families?

Absolutely.

Could it also be the wrong strategy?

Absolutely.

The problem wasn't necessarily the idea itself. The problem was that it was being presented to a broad audience without any discussion about individual circumstances, tax rules, or even which country's laws it was based on.

That's one of the biggest dangers of financial content online.

I've seen videos where one expert says almost nobody needs a trust, while another argues trusts are essential for many families.

Who's right?

Potentially both.

The answer depends on the person's circumstances, goals, assets, family situation, and where they live.

That's true for estate planning, tax planning, debt reduction strategies, investments, retirement planning, and just about every other area of personal finance.

Context matters.

Before acting on a financial tip you find online, consider asking:

• Is this advice written for Canadians?

• What assumptions is the creator making?

• What qualifications do they have?

• What potential downsides aren't being discussed?

• Does this fit my specific situation?

Good ideas can come from anywhere.

A family member, friend, TikTok creator, YouTube channel, accountant, lawyer, or financial professional may introduce a strategy you've never considered before.

The key isn't where the idea came from.

The key is making sure it actually applies to your situation before you act on it.

One of my favourite conversations is when someone brings me an idea they've found online and asks, "Do you think this would work for us?"

Sometimes the answer is yes.

Sometimes it's no.

Most often, the answer is:

"It depends."

And in financial planning, those may be the two most important words you'll ever hear.

09/01/2026

More than 200 ETFs have shut down this year as fund providers launch new products at a record pace.

84% of Canadians say having an estate plan is important, yet fewer than half (41%) actually have one in place. The gap b...
08/31/2026

84% of Canadians say having an estate plan is important, yet fewer than half (41%) actually have one in place. The gap between intention and action is real. An estate plan isn’t just for the wealthy; it’s for anyone who wants their wishes honoured. Now’s the time to discuss your estate plan.

🔎 From our 2026 Annual Estate Planning Study. Read the full findings here: https://ow.ly/zimU50ZxcK0

Source: IG Wealth Management Annual Estate Planning Study

08/31/2026

The 4% rule for retirees is easy enough to understand in theory: withdraw that much of your portfolio per year, and your money should last you through retirement. But what does that look like in practice?

08/28/2026

AI investment is driving U.S. growth but creating financial fragility. Here is what investors should watch as valuations and infrastructure spending climb.

08/28/2026

They lose billions in months and hold quarterly board meetings with their children. Inside the high-stakes, high-reward mindset of the ultrawealthy.

08/27/2026

Investment managers get fired too.

That might sound harsh, but it's actually an important part of the investment process.

Years ago, when we were known as Investors Group, we were primarily an investment management company. Like our competitors, we were judged largely on investment performance.

Today, IG Wealth Management plays a different role.

Instead of relying on a single investment manager, IG conducts ongoing due diligence on the managers responsible for the mandates used within our solutions. Their teams continuously assess performance, process, people, philosophy, and risk management to determine whether each manager remains the best fit.

Recently, IG announced a change to the manager responsible for the U.S. Small Cap mandate within the iProfile U.S. Equity Pool. Aristotle Capital Boston, LLC was replaced by Fidelity Investments Canada ULC.

I don't know the details behind that decision, but what I do appreciate is the process.

Aristotle is a well-respected firm. The change wasn't about finding a "bad" manager. It was about IG's ongoing responsibility to evaluate whether the right manager is in the right mandate at the right time.

This highlights something many investors don't see behind the scenes.

My role isn't to try to outguess the markets or claim I can pick winning stocks. My role is to help the clients I serve make sound financial decisions, develop comprehensive financial plans, navigate tax and estate considerations, and stay focused on their long-term goals.

Meanwhile, IG's investment teams are continually evaluating the investment managers entrusted with client assets.

In other words, someone is watching the watchers.

And I think that's a good thing.

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