When our clients first became shareholders of South Bow (SOBO) on September 25, 2024, it wasn’t by choice. The new company was a spinoff from TC Energy. To be frank, we weren’t expecting much. Expanding SOBO’s Keystone pipeline had been a political football for years. The Bush administration started the process. When the application was […]
Mutual funds are marketed as safe and simple. But in reality, they often accompany hidden costs and conflicts of interest. We recently reviewed a portfolio managed by another institution. The Management Expense Ratio (“MER”), which is the total cost of owning a mutual fund and is embedded in its price, was much higher than its […]
Someone once said that if Al Capone had turned his talents toward legitimate enterprise, he could have been the CEO of General Motors. Today’s fraudsters are no different—highly organized, intelligent, and using sophisticated tools. Unfortunately, they’re applying those skills to deception, not innovation. My Close Call Recently, I received a phone call that appeared to […]
