Welcome back to Your Life and Money, where we believe that financial planning is not just about the numbers—it's about your life. Host Brad Smith is joined by a special guest: Theresa Schott, the Chief Investment Officer (CIO) at Harbourfront.

Theresa, who runs all of Harbourfront's investment pools, discusses her move from managing institutional capital for 20 years to bringing those same sophisticated strategies to retail investors. She dives into the structural problems facing traditional investment approaches and highlights the new opportunities created by the rise of AI.

Institutional Strategies for Retail Investors: Breaking Down Diversification



• The End of 60/40? Find out why the traditional 60/40 stock-bond split is no longer an effective diversifier and is either "dying or on its way" because equities and bonds now show a far more positive correlation during market volatility.
• The AI Opportunity and Risk: Get Theresa's take on the AI revolution, the enormous capital expenditure (CapEx) being spent on infrastructure like data centers, and why she's concerned about the high concentration risk in the current U.S. equity markets, where a handful of stocks account for over 36% of the S&P 500.
• The Private Market Solution: Learn why institutional investors allocate 55% to 60% of their total wealth to private markets, and how retail investors should consider allocating anywhere from 5% to 30% to private assets to achieve a lift in returns, more predictable cash flow, and lower volatility.
• The Risk of Illiquidity: Understand the key risk in private markets—the illiquid nature of the assets (like a marriage, "it's not a one night stand")—and how rigorous due diligence on managers is essential to find the right long-term partner.

Financial planning is about more than just money—it's about living the life you want. Take some time to reflect on your goals and priorities, and tune in to discover the insights and strategies that will help you create a plan that aligns with your vision for the future.

Welcome to Your Life and Money, where we believe that financial planning is not just about the numbers—it's about your life. Host Tim Borody is joined by special guest, Abena (Abie) Quayson, CFA, a new Portfolio Manager with Harbourfront Wealth, who is here to help you get the best life possible with the money you have.

In this episode, we explore how aligning your money with your values and priorities is the key to financial success. Abie shares her fascinating journey from a background in institutional finance—managing money for major Canadian pension funds to bringing that same world-class expertise to everyday Canadian investors. Learn about the strategies previously reserved for only the largest funds and how they can benefit you.

Expert Investment Strategy for Every Canadian: Behind the Scenes with a Portfolio Manager

• Institutional vs. Retail Investing: Understand the difference between managing a massive pension fund and tailoring investment products for individual clients. Harbourfront is dedicated to providing "pension store management for retail".
• Philosophy of Long-Term Value: Hear Abie's investment philosophy, which is grounded in long-term value creation through diversification and risk management.
• Demystifying Liquid Alternatives: Get a clear explanation of "liquid alternative" investments. These unique investments behave differently from traditional equities and bonds and are used to potentially reduce volatility while increasing returns for your portfolio.
• Emerging Market Opportunities: Explore current global opportunities, including why emerging markets like India are showing potential for significant long-term GDP growth. These markets are also seen as having lower valuations than the U.S..

Financial planning is about more than just money—it's about living the life you want. Take some time to reflect on your goals and priorities, and tune in to discover the insights and strategies to help you create a plan that aligns with your vision for the future.

In this episode of Your Life and Money, Tim Borody talks with his sister, Beth Borody, about her career journey from the mining industry to running her own business. Beth shares the lessons she learned as her career and income grew quickly, from navigating compensation packages to seeking advice from financial and legal professionals.

Beth opens up about the challenges of rapid career growth, navigating complex compensation packages, and the lessons she learned about seeking professional advice from lawyers, accountants, and financial planners along the way. Together, Tim and Beth highlight how thoughtful financial planning made it possible for her to transition confidently from a high-paying executive role to full-time entrepreneurship—while supporting her family, managing big life expenses, and ultimately achieving her goal of being debt-free.

In this episode, you’ll discover:

• How to navigate sudden increases in income, compensation packages, and stock options without losing sight of your long-term goals
• The importance of involving professionals—lawyers, accountants, and financial planners—early in your career to avoid costly mistakes
• Why financial planning isn’t about restriction but about creating the freedom to take risks, pursue passions, and design the life you want