Trusted Tips and Resources

Trusted Tips & Resources

Trusted Regina Financial Advisors at Worby Wealth Management Shares Information About ESG Investing

Chris Worby is a Trusted Regina based financial advisor and Wealth Management services provider. With over 20 years of experience, Worby Wealth Management has been committed to providing a high standard of financial service to individuals, families and business owners in Regina and area. Worby Wealth Management listens and provides a personalized financial plan. In their latest Worby Wealth Management Trusted Regina Financial Tip, Chris Worby shares information about ESG Investing.

ESG Investing - What it is and is it a good thing to do?

What is ESG?

ESG investing, also known as sustainable investing or socially responsible investing (SRI), is an investment approach that takes into account environmental, social, and governance factors when making investment decisions. It goes beyond traditional financial analysis and considers the impact of a company’s operations on various stakeholders, including employees, customers, communities, and the planet.


The “ESG” acronym represents the following:

  1. Environmental: This refers to a company’s impact on the environment, such as its carbon footprint, resource usage, pollution levels, and commitment to renewable energy.
  2. Social: This category focuses on a company’s relationships with its employees, suppliers, customers, and communities. It considers factors such as labour practices, human rights, product safety, diversity and inclusion, and community involvement.
  3. Governance: Governance relates to a company’s leadership, structure, and policies. It assesses aspects such as board independence, executive compensation, shareholder rights, transparency, and ethics.
ESG investing aims to generate financial returns while also considering the broader impact of investments on society and the environment. It allows investors to align their financial goals with their values and promote positive change.


Whether ESG investing is a good thing to do is subjective and depends on individual perspectives and goals. Here are some points to consider:

  1. Alignment with values: ESG investing provides an opportunity for individuals and institutions to invest in companies that align with their values and support causes they care about, such as sustainability, social justice, or clean energy.
  2. Long-term risk management: Companies with strong ESG performance may be better equipped to manage risks and capitalize on emerging opportunities. Assessing ESG factors can provide insights into a company’s resilience, reputation, and potential for long-term success.
  3. Performance considerations: There is a growing body of evidence suggesting that companies with robust ESG practices can deliver competitive financial performance over the long term. However, it’s important to note that financial returns can vary, and not all ESG investments will outperform traditional investments in every period.
  4. Impact on society and the environment: ESG investing can encourage companies to adopt more sustainable practices, improve social outcomes, and reduce negative environmental impacts. By directing capital towards responsible companies, investors can potentially contribute to positive change.
  5. Measurement and transparency challenges: ESG investing faces challenges related to standardization, measurement methodologies, and disclosure practices. It can be difficult to compare and evaluate ESG metrics across companies, which may hinder the effectiveness of investment decisions.
Ultimately, the decision to engage in ESG investing should consider personal values, financial goals, and risk tolerance. Working with a Trusted Regina Wealth Management Advisor who understands sustainable investing can help navigate the complexities of ESG investing and align investment strategies with your individual preferences. Contact Worby Wealth Management Regina so we can review your investment needs today.

Some of the services that Worby Wealth Management can help you with: 


TRUSTED REGINA FINANCIAL ADVISOR Chris Worby from Worby Wealth Management helps you live your dream!

 

The comments herein are a general discussion of certain issues intended as general information only and should not be relied upon as tax or legal advice. Please obtain independent professional advice in the context of your particular circumstances.  This Blog was written, designed and produced by  Chris Worby for the benefit of Chris Worby, a Financial Advisor at Worby Wealth Management, a registered trade name with Investia Financial Services Inc., and does not necessarily reflect the opinion of Investia Financial Services Inc.  The information contained in this article comes from sources we believe are reliable, but we cannot guarantee its accuracy or reliability.  The opinions expressed are based on an analysis and interpretation dating from the publication date and are subject to change without notice.  Furthermore, they do not constitute an offer or solicitation to buy or sell securities.  Mutual Funds approved exempt market products and/or exchange-traded funds are offered through Investia Financial Services Inc.

Congratulation to Al Schick Construction on Celebrating Their 20th Anniversary


CONGRATULATIONS, AL SCHICK CONSTRUCTION - CELEBRATING 20 YEARS OF TRUSTWORTHY BUSINESS PRACTICES IN REGINA 

This latest article celebrates and recognizes Al Schick Construction, Trusted Regina Contractor, and Regina residential renovation pros. as they celebrate 20 years in business! 

'A Regina General Contractor You Can Trust

AL SCHICK CONSTRUCTION CELEBRATES 20 YEARS!  


Congratulations to Al Schick Construction on celebrating 20 years!  The business has been operating since 2003, and he runs a well-established local family-owned and operated Trusted Regina renovation company. Led by Al Schick, who has extensive experience in renovations and project management, the company has built a stellar reputation in Regina.




A HISTORY OF EXCELLENCE AS STANDARD


Al Schick's expertise in construction has been passed down to his son, Les Schick, who has been involved in the business since his teenage years. This family connection ensures a strong commitment to quality workmanship and customer satisfaction.


One of the distinguishing features of Al & Les Schick is their personalized approach to each client. Unlike larger companies, they take the time to get to know their customers personally and prioritize their wants and needs. They aim to bring their client’s visions to life and provide personable, friendly, trustworthy, and professional service.


I would like to thank all of my current and past customers for their business and support, which enabled us to remain in business for 20 years and counting. I would also like to thank my team of past and current employees, including my son Les, for their hard work and attention to detail, because without good people, you can’t do good work. “ Al Schick

The company specializes in various residential and commercial projects in Regina, including interior and exterior renovations. They handle everything from office renovations to large full-scale renos and additions. Whether planning a project for your home or business, requiring insurance work, or needing professional project management services, Al Schick Construction is dedicated to delivering top-notch results.


Their clients say it best!

 “Al is first class all the way! We had a basement renovation completed by Al and an extremely complicated garage added to our home. I would give a 10 out of 10 rating on every aspect of his integrity and workmanship. I have sent many friends to Al and will continue to do so. If I ever need work done in the future, I will pick up the phone, call Al and never even question his bill. I truly do Trust him to do a great job” -Bob R.


A word from Trusted Sara about her personal experience with Al Schick Construction.


" I was told about Al Schick within weeks of arriving in Regina and looking for good, trustworthy contractors. He was quite hard to track down initially,  as he had no website or social media, I eventually got his card from another client in the home building industry and gave him a call. He was friendly on the phone and seemed intrigued about the concept. He agreed to meet me for coffee to learn more but did warn me that he doesn't advertise. Our meeting went really well, he struck me as a warm, humble and friendly man who clearly cares about his customers. He talked about how important it was to him that his customers were happy with the work that was done, and how he was lucky to be doing what he loved for a living. To this day I am grateful that the only place he ever advertised is Trusted Regina, and that he extended his trust to me, he is a perfect example of the kind of businesses I love working with and promoting. In 2022 I met Les Schick for the first time. We met lots and worked together on website content, so I got to know him well which has been great. Les is a chip off the old block and it is great to see a long-term succession plan in place. Regina is lucky to have such a wonderful family construction business as an option, and I can't recommend Al Schick Construction highly enough.    - Sara Wheelwright, Trusted Regina founder.  

With their years of experience, dedication to quality, and trusted reputation, Al Schick Construction is a Regina general contractor you can trust. Congratulations, Al & Les, once again, on reaching this significant milestone!



Thank you for TRUSTING us, Al and Les. You have provided ten years of AMAZING service to the people of Regina & area as a Trusted Regina Partner in Regina Contractors and Regina Renovations categories. We are proud to support Al Schick Construction, and we are thrilled to share that they have diligently upheld the 5 TRUSTED GUARANTEES of service and NEVER had a complaint. 




WINMAR® To Fly in 2023 Give Hope Wings Prairie Expedition

WINMAR® Regina performs restoration services for residential and commercial properties across Saskatchewan. Their crews offer prompt and professional services to help our customers get back to pre-loss life with the least amount of interruption and associated costs possible. They are the Regina property restoration specialistsWINMAR IS A TRUSTED REGINA DISASTER SERVICES & REGINA GENERAL CONTRACTORIn their latest news, they share that Kyle Jacques, of WINMAR®, will fly in the 2023 Give Hope Wings Prairie Expedition.


WINMAR® to fly in 2023 Give Hope Wings Prairie Expedition

Pilot Kyle Jacques, and his co-pilot Yianni Macris, along with the support of WINMAR® Property Restoration Specialists, will be flying in the 6th Annual Give Hope Wings Prairie Expedition from June 18th through June 23rd. I have attached a press release and an infographic where you can make a donation to support Kyle, Yianni and WINMAR® on their journey!



"As the owner of multiple WINMAR® franchises in Saskatchewan and Manitoba, I understand the importance of helping our local communities and supporting those who support us each day. Often the remote communities that are spread throughout the Great Plains are still left without access or adequate transportation to the larger cities to access health and medical resources when they truly need them. Without a program like Give Hope Wings, some would never make it to medical appointments. In efforts to bridge this gap and to raise awareness to others that these programs and opportunities are out there for families truly in need. I will be taking part in Give Hope Wings expedition of 2023. The idea of helping remote communities and deserving families transport loved ones to the medical care they need, that they normally may not be able to get to, is not only life-changing for those families but also truly soul-filling for the ones helping make these differences in the lives of many.” – Kyle Jacques



The Give Hope Wings Prairies Expedition begins and ends in Regina. The group will fly east to Winnipeg, north to Thompson, then west to Fort McMurray then back via Lethbridge.

This is a total of 2,245m if you fly the entire route, about 23 hours at 100K.

The Expedition is organized so that you may join the group at any stop and finish at any point as well.


Give Hope Wings has raised more than $1.8 Million since 2017, which is enough to fund nearly 6000 flights for needy patients. For 2023, they’re targeting $600,000 raised which will help more than 2,000 individual patients in their healthcare journey. Our patient ambassadors, along with the impact it has on their family and friends, are the people you help by supporting Give Hope Wings.


Thank you again for considering the important role you can play in helping patients get medical care. If you'd like to support this cause, you can make a donation here: https://support.hopeair.ca/give-hope-wings/kyle-jacques-winmar

 

WINMAR IS A TRUSTED REGINA DISASTER SERVICES & REGINA GENERAL CONTRACTOR


CONGRATULATIONS MacKay & McLean Barristers & Solicitors On Celebrating 10 years as a Trusted Regina Law firm

CONGRATULATIONS, MACKAY & MCLEAN, ON 10 YEARS OF TRUSTWORTHY BUSINESS PRACTICES IN REGINA 

TRUSTED REGINA RECOGNIZES OUR PARTNERS WHO HAVE BEEN TRUSTED FOR OVER 10 YEARS!


In this series of recognition articles, we continue to spotlight the businesses that have been Trusted Regina Partners for over ten years. Currently, we are recognizing Partners that joined the Trusted Regina community in 2012. We want to thank them for TRUSTING our team, and we are identifying each of them individually for providing ten years of OUTSTANDING service to the citizens of Regina and the surrounding area! This latest article celebrates and recognizes MACKAY & MCLEAN Barristers & Solicitors, Trusted Regina Lawyers.


MacKay & McLean Barristers & Solicitors


MacKay & McLean started in 1976 when Sterling McLean and David MacKay combined their service in a downtown Regina office on Cornwall Street. Robert MacKayafter working there as a legal assistant in the late 80s and early 90s, then as an associate lawyer after passing the bar in 1996 made partner in 2001.

Being an “all purpose” practice, everything from personal injury and civil litigation to criminal defenses and corporate legalese; real estate, wills, estates and family matters became the preferred areas of law the firm practiced in.  

Real Estate was considered a happier form of law to deal in. Helping people acquire homes, advising on financing options and how to reduce debt, all to assist in helping families achieve their goals.  

With wills and estates it was the duty of the lawyer to take an often awkward and sad occasion and make it easier on those planning for when they are gone or helping those that were left to deal with the wake of things past.

The culture of the family office at MacKay & McLean has guided them to become a bigger part of the community. Lawyers join the firm who also wish to be a benefit to the community.

Their support staff made up of legal assistants and paralegals accumulated through the years have been trained to not only create documents and assist in the execution of documents but are capable of answering most day to day questions regarding the process and timing of operation regarding the files they are assigned.  

It is through their supervised efforts that help make the clients experience as swift and satisfying as possible.  If language is a barrier in assisting our clients we have a stable of interpreters capable of removing confusion from the issues.

Moving forward, a large concern of theirs is the recent direction the courts have taken in an effort to increase the accessibility of regular folks' access justice. Unfortunately this is a daunting task and the efforts, at times seem pointless. The court system is expensive and cost-prohibitive to many. The changes in the legal system have led to complicated and time consuming hurdles. Mandatory mediation, judicial case conferences and pre-trials created to lessen the burden on the court’s docket, have instead led to half day meetings with lawyers and clients awaiting their turn, adding to the billable hours a client must deal with. This in itself makes an action less likely to be dealt with. If someone owes you $2,000, it is not likely you will spend $3,000 to deal with it.

This all may lead to the legal profession taking it on the chin and leave people believing that lawyers are not one of them. Being a part of the community helps lawyers keep a pulse on what is important to their clients.  Regardless of the type of law you are venturing into, be it real estate, criminal or litigious actions, the courts often take into consideration the public at large and the effects that decisions create on a population bound by them.

MacKay & McLean appreciate the importance of community and try to contribute in various ways when possible. Each lawyer and firm has their own persona and with that comes different goals. Theirs is to do things that are right. Let them help find people financing and homes. Let’s help keep people safe and when they are injured, help them get the compensation they need to get back to where they once were.

Joining service groups, municipal clubs and organizations are not just tools to help create business. Instead they are a means of joining the community. Sharing their concerns and hopes, while working on a common goal usually leads to an orderly success however the money charged by the firms to these groups often does not cover the cost of doing business. This is not done solely with the hope to work for them again in the future, but because they and their firms exist in the community.

They may work on a contingency or even pro-bono for the right client, especially if the case pertains to principles that are dear to them and their own ideologies. If a freedom of speech or discrimination file comes to light, often a lawyer will become the face of the case only to be forgotten once the matter is settled. They took it on, not for fame nor for fortune, instead it was taken on because it was thought to be both worthy and right.

Honesty and integrity is a very large part of being a successful lawyer. Clients go to them because they feel they can trust them, and they can. Often we hear how lawyers are akin to overzealous hucksters and confident men. Few realize that a lawyer’s actions are both insured and guaranteed by the law society. Governed by peers who all share the same public thoughts and armed with the powers of suspension, disbarment and oversight, the law society helps protect the reputation of the system and the community at large.

MacKay and McLean is proud of their  culture and maintaining a family atmosphere while offering our services directly to the community. Doing so effectively has led them to expand, hire more lawyers and staff and create a name that helps all of our clients navigate a complex system without losing their shirts.


What MacKay & McClean Clients Say…

"Mr. D. MacKay is a lawyer with ethics and integrity, making him a bit rare in the field! He's always more interested in giving good advice then in taking your money!" - James Turner
"Robert MacKay and Alina have done a couple transactions for me. They are down to earth at the same time as being professional. Very pleased with the work and definitely recommend!" - Randy Knapp
"Lawyers you can TRUST! Robert MacKay and the team are amazing to deal with - outstanding service and advice!" - Sara Wheelwright


Thank you to the  MacKay & McLean team for TRUSTING us ! You have provided over ten years of AMAZING service to the people of Regina & area as Trusted Regina lawyers. We are proud to support you and share that they have diligently upheld the 5 TRUSTED GUARANTEES of service and have never received a complaint about them!

Trusted Regina Financial Advisors at Worby Wealth Management Explain RRSPs

Chris Worby is a Trusted Regina based financial advisor and Wealth Management services provider. With over 20 years of experience, Worby Wealth Management has been committed to providing a high standard of financial service to individuals, families and business owners in Regina and area. Worby Wealth Management listens and provides a personalized financial plan. In their latest Worby Wealth Management Trusted Regina Financial Tip, they share details about Registered Retirement Saving Plan (RRSPs).

Registered Retirement Saving Plans (RRSPs)

By Chris Worby - May 2023

A Registered Retirement Savings Plan (RRSP) is an investment that is registered with the Canada Revenue Agency (CRA) which allows for the deferring of taxes owed on the money contributed and any investment income earned until future years when the funds are withdrawn.  

RRSP Contributions 

The money you contribute to an RRSP now allows you to reduce the income you pay tax on for the previous taxation year. 2 months into the next calendar year is the usual deadline to invest into RRSPs for the previous taxation year.  That means January and February is the perfect time to invest in an RRSP for the previous tax year.


“Wait, did you mean now as in now, or as in now… eh I’ll get to it soon now?”  

That  old adage is never more relevant – 

" The best time to invest was 50 years ago… the second best time to invest is right now! "

The 2022 limit is $29,210 or 18% of your earned income reported on your 2021 tax return (whichever is less), minus any employer-sponsored pension plan contribution, plus any unused contribution room from previous years.  Check your most recent CRA Notice of Assessment (NOA) to determine your limit.  


Age Limits

No minimum contribution age exists, but you must have earned income reported to CRA.  At Worby Wealth Management, we’ll never promote child labour; regardless, my children seem to think spending time on Roblox counts as performing a household chore. 

The sooner you start contributing to your RRSP, the better to take advantage of the power of compounding.  Contributions can be made until you turn 71, when they must be converted to an RRIF, or you must purchase an Annuity.


Investment Choices

Various investments can be held in an RRSP, including cash, GICs, bonds, mutual funds, ETFs and individual stocks.  However, before choosing your investment approach, it’s always best to consider Retirement, Tax, and possibly even Estate issues.


Questions regarding RRSPs? 

If you have questions about account or investment options, contact Worby Wealth Management to get your questions answered and start investing in an RRSP or other investment accounts today.


Some of the services that Worby Wealth Management can help you with: 


TRUSTED REGINA FINANCIAL ADVISOR Chris Worby from Worby Wealth Management helps you live your dream!

 

The comments herein are a general discussion of certain issues intended as general information only and should not be relied upon as tax or legal advice. Please obtain independent professional advice in the context of your particular circumstances.  This Blog was written, designed and produced by  Chris Worby for the benefit of Chris Worby, a Financial Advisor at Worby Wealth Management, a registered trade name with Investia Financial Services Inc., and does not necessarily reflect the opinion of Investia Financial Services Inc.  The information contained in this article comes from sources we believe are reliable, but we cannot guarantee its accuracy or reliability.  The opinions expressed are based on an analysis and interpretation dating from the publication date and are subject to change without notice.  Furthermore, they do not constitute an offer or solicitation to buy or sell securities.  Mutual Funds approved exempt market products and/or exchange-traded funds are offered through Investia Financial Services Inc.

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310 Wall St #209
Saskatoon, SK   S7K 1N7
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