What We’re Thinking

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Selective Memory

Behavioural Investing

June 22, 2017

We all know, and frequently acknowledge, that unthinking behaviour can lead to unpleasant consequences. Misunderstanding. Regret. Loss. These are just three of the results of unthinking behaviour. But what happens when unthinking behaviour influences investment decision-making?

Selective memory is another of the human biases that influence investment choices. According to Morningstar Inc., a global provider of independent investment research, it is behaviourally related to overconfidence – another investment bias we have discussed in the recent past.

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Moving Early

The Week Ahead

June 19, 2017

Every economic recession in the post-war era was helped, if not caused, by a monetary policy error in which central bankers sat on low interest rates for too long, only to raise them too rapidly and too aggressively to combat sneaking in inflation.

The 1990-91 recession and the housing crash in Ontario were probably helped by too rapid a hiking trajectory by then Governor John Crow.

Even the mother of all recessions was probably deepened by policy overshooting as Greenspan waited too long before he started hiking in June 2004. Note that back then, inflation was already on a clear acceleration path, with core PCE rising from 1.3% in September 2003 to 2% in June 2004. That is, the Fed waited for core inflation to reach today’s target before moving. By then it was clearly too late. When you chase a lagging indicator, you overshoot.

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About Us

Helping You Achieve Financial Success


About Us

Helping You Achieve Financial Success


The Wooding Group - CIBC Wood Gundy Edmonton

Debra Wooding

First Vice-President

All relationships start with a connection. That is how we forge a powerful bond between client and advisor. Read More…

Tom Wooding

First Vice-President

We nurture client partnerships built upon understanding, trust, and a collaborative approach. Read More…

Lindsay MacPhie

Investment Advisor

Being there when it matters most is fundamental to our approach as wealth advisors. We listen. Read More…


Additional Team Members

Our Difference

Get to Know the Key Members of Our Group


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Debra Wooding, First Vice-President

“I love getting to know people.”

Debra believes that all relationships start with a connection, and continue to grow by forging a powerful bond that endures. Read More…

Tom Wooding, First Vice-President

“I’m always learning in this industry.”

Tom applies his skills in a process driven manner to optimize gains and minimize risks, achieving our client’s goals. Read More…

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Lindsay MacPhie, Investment Advisor

“It’s about a relationship.”

Lindsay’s role as Business Leader and Associate Investment Advisor is integral to the sustained satisfaction of our clients. Read More…

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Peter MacPhie, Investment Advisor

“I always act in the best interest of our clients.”

Pete’s goal is to facilitate the engagement of new client relationships to our practice. Read More…

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Our Services

Comprehensive. Integrated. Flexible. Goal-driven.


Wealth Management Process – We help our clients clearly identify and articulate their goals, dreams and obligations. Focusing on each client’s core life objectives, we develop a long-term financial and investment plan that reflects and accommodates your changing circumstances. At The Wooding Group there is no such thing as a typical client.


  • Private Wealth Management
  • Asset Allocation/Diversified Strategies
  • Portfolio Rebalancing
  • Financial Planning
  • Estate & Trust Planning
  • Asset Protection
  • Insurance Strategies
  • Charitable Giving Strategies
  • Intergenerational Wealth Transfer
  • Personalized Wealth and Financial Education

Discretionary Investment Management

Depending on your investment preferences and investable assets, we offer Discretionary Investment Management. Used by an increasing number of our clients, this premium service lets us respond rapidly to investment opportunities as market conditions change.

Discretionary Investment Management is a unique account where you delegate responsibility for day-to-day investment decisions to your Portfolio Manager. We are happy to discuss this option with you.


Investing for US Citizens

How It Has Become Increasingly Complex

inline-investingThe needs of US Citizens living in Canada have becoming increasingly complex following the passing of Foreign Account Tax Compliance Act (FATCA) legislation and implementation in July of 2014. Financial Institutions in Canada now report relevant information on accounts of US Persons to the Canada Revenue Agency (CRA), with the CRA passing the information to the IRS. While reporting for US Persons is not new, the fallout of FACTA has seen increased tax reporting requirements and therefore additional workload on accountants.

As a result, a record numbers of US Citizens have renounced their US citizenship (1,426 during July-September, 2015 – a new quarterly record). We believe with prudent planning, co-ordination with professional accountants and thoughtful investment choices, we can prepare US citizens living in Canada with all they require to minimize the burden of tax filing and allow them the privilege of maintaining their US Citizenship.

To save tax liabilities and costs, we match the investment choices available to US Persons with our existing ‘Purpose-Driven’ investment philosophy. The result is achieving your financial goals while keeping US Citizenship in mind as we consider prudent investment choices!


Find Out More About Our Experience

Transitioning Your Business

Sale & Succession Planning


Transitioning Your BusinessMost business owners say that starting their company was the most important financial decision they ever made. The second most important financial decision? Exiting it.

A company – particularly one that is family-owned – typically represents more than half of the value of its owner’s estate at the time the owner decides to dispose of it. As a business owner, the advantage of using the divestible assets held within your company to ensure a carefree retirement can be huge.

A single statistic supports this observation. Few business owners – as low as 10% – have a written business sale or succession plan. If you are one of the 90% without one, we have a suggestion to make.


Start a Conversation With the Wooding Group


Even if you have a sale or succession plan in place it makes sense to talk with us. The discussion is without charge or obligation, and the results might surprise you. We have rarely reviewed a business sale or succession plan that can’t be materially strengthened and improved.

We can help you maximize your corporate assets, organize your company for sale to a third party, transfer it to family members, or structure a management buy-out. An hour is all it takes to find out how to preserve, protect and maximize the value of what you’ve taken so much time and trouble to build.


Frequently Asked Questions

Things That You May Want to Know

To offer sound, unbiased, and independent advice. To build client relationships based on trust, integrity and partnership. To deliver thoughtful and pro-active client service. To deliver exceptional risk adjusted portfolio performance.

We have been private wealth advisors for almost 30 years. We manage the financial affairs of individuals, successful families, entrepreneurs, companies, and First Nation’s communities.

We seek relationships that are the right fit for the client and ourselves. We generally specialize in solutions for high net worth clients and their families.

Adherence to a prudent investment policy. Sustained, tax-efficient asset accumulation. Diligent preservation of purchasing power. And above all rigorous management of risk. All four skills are embedded in our DNA.

Contact Us

Get in Touch With Our Team

10180 - 101 Street, Suites 1700 & 1800, Edmonton, Alberta, T5J 3S4, Canada
780 498-5047 · 1 800 232-7296 (Toll-Free) · 780 498-5055