Barbadians are being encouraged to secure their finances during and beyond the current economic climate as Fortress Fund Managers prepares to host its 5th Annual Fortress Investment Forum under the theme “Finding our way through – Straight talk about your savings and the future.”
This year’s forum, being held on Thursday November 13 at the Frank Collymore Hall at 6:30 p.m., will help empower attendees to take deliberate and sustained steps to make financial security an essential and every day part of their lives. In addition to Fortress investors, the forum is open to pension plan administrators, and members of the public – from those with little investing experience to the more financially savvy.
Investment Director, Roger Cave, said that participants can expect clear and concise updates, guidance and insights from Fortress’ financial managers. “We’ll be focusing, in a positive way, on what we can all do whether as individuals or employers, to buttress and secure our financial investments, within the current economic climate and, more importantly, beyond that. We don’t want to be the purveyors of doom and gloom but rather will present a realistic picture and the opportunities available and how we can all take advantage of them,” he explained.
Other Fortress Managers on hand at the forum will include Rene Delmas, Pension Director; Peter Arender, Chief Investment Officer, Fortress Advisory & Investment Services; and Chris Callender, Portfolio Manager. They will provide updates on the investment environment, answer questions, and report on the performance and outlook for the range of Fortress funds. Participants will also hear from guest experts as they share investment insights useful for individuals and companies. They include: Tracey Shuffler, Divisional Manager, Goddard Enterprises Ltd. and President, Barbados Chamber of Commerce and Industry; Michael Lashley, Chairman and Chief Executive Officer, Lashley Financial; and Doug Armstrong, Chief Executive Officer, Art Holdings Inc.
Moderator is John Williams, a former president of the Barbados Chamber of Commerce and Industry and the Barbados Private Sector Association.
Special element for 5th Investment Forum
A new element introduced specially for the fifth year of the investment forum is a pre-forum workshop on the basics of mutual funds which starts at 5:30 p.m. Marketing Manager, Fortress Fund Managers, Kim Howard explained that this pre-forum workshop is intended to be a primer to help investors and potential investors get quickly up to speed on the rudiments of mutual funds. “The workshop will be useful for those who are curious about investing in mutual funds or finding out more about the available options and benefits as well as those who may already have investments with Fortress but would like a greater understanding of how they work,” Ms. Howard explained.
She added that Barbadians may not be aware that they could qualify for up to $10,000 in tax deductions from their personal assessable income each year if they buy shares of mutual funds through a Registered Retirement Savings Plan (RRSP). “Furthermore, even if they don’t invest in an RRSP or are over 65, and not eligible to invest in one, mutual funds still offer several benefits such as spreading out their investments to reduce risk, earning higher rates of return, and countering the effects of inflation,” the Marketing Manager noted.
Fortress clients, students, members of professional bodies and members of the public are all invited to attend and can confirm their attendance by Monday, November 10 at www.fortressfund.com or by calling 431-2198.