After serving in the trucking, hospitality, and maintenance industries, Cary Leung launched a career in financial services with Prudential Assurance in Victoria, British Columbia, Canada. He earned awards such as Agent of the Year and Victoria Rookie of the Year. Subsequently, he accepted his current position as an Advisor with Sun Life Financial. A premier Canadian firm in the financial industry that is headquartered in Waterloo, Ontario, Sun Life Financial assists an extensive clientele with insurance and investment services suited to each individual situation. After receiving its charter in 1865, the company opened for business in 1871. Since then, Sun Life has attained a position of global importance in the field, particularly in the areas of group benefits, as well as group retirement and savings plans. Additionally, the firm has developed a number of initiatives to support the local community, which earned it recognition on the 2012 list of the Best 50 Corporate Citizens in Canada. Named the “Most Trusted Life Insurance Company” by the Reader's Digest Trusted Brand Survey three years in a row, Sun Life has also received a number of other awards, including recognition as one of the Global 100 Most Sustainable Corporations in the World.
Cary Leung is a Sun Life Financial Planner who has worked in the Canadian financial services industry for over 25 years. This article reflects information pertinent to his profession. Under authority vested within the Securities Act, RSBC 1996, c.418, the British Columbia Securities Commission (BCSC) monitors and regulates capital markets within the province. It holds the power to monitor regulation compliance, provide guidance, impose requirements by way of rules and various regulatory mechanisms, educate participating professionals, and demand corrective actions. Charged with protecting public interests, the BCSC functions independently on behalf of the provincial government. By ensuring responsible investment practices, the BCSC strives to promote innovative, efficient, and fair markets, resulting in sustained investor confidence. Committed to well-reasoned regulation, the commission expects its agents to exemplify pride in service delivery, offer proactive and timely response, act with integrity, exhibit full accountability, and apply creativity to problem solving opportunities. BCSC’s management philosophy entails four distinct behavioral expectations for all associates: to formulate and meet specific, measurable and achievable objectives, to remain results driven, to exhibit effective communication skills, and to anticipate problems before they occur while implementing solutions in manageable increments. More information about the function, mission, and values of the BCSC can be found at www.bcsc.bc.ca.
As an active member of the Vancouver Island community, Sun Life Financial advisor Cary Leung belongs to Awakening Church Ministries in his hometown of Victoria, British Columbia. Shepherded by Pastors Bill and Lorna Stankoven, who lead a weekly mass every Sunday evening, the 30-member community of Awakening Victoria extends the reach of Awakening Church Ministries from the United States to Canada. The Awakening family consists of churches, ministries, leaders, and disciples, with two other home churches in Cedar Hill and Fort Worth, Texas. Believers work simultaneously to deepen their relationships with God and expand the kingdom of Christ to other communities and cultures around the world. Under the guidance of Executive Director Joseph Cartwright, whose experience in church planting and ministry includes extensive service in Texas, Canada, and Argentina, Awakening Church Ministries currently sponsors prayer initiatives, the Awakening School of Discipleship, David's Ragtag Army Men's Ministry, and Mercy Ministries for underserved communities. Project Rhino, led by missionary Kari Westlund, takes the Awakening vision abroad through the implementation of educational programs in Calcutta, India. Finally, Awakening Church Ministries has partnered with several friends and organizations as part of its ongoing mission of outreach and ministering with impact, including Church Multiplication Associates and Traffick911, which focuses on ending sex trafficking. The Awakening family welcomes all who desire God's presence in their lives and operates an active online ministry with frequent updates, a journal, and a dedicated section for prayer requests. For more information about Awakening Victoria and Awakening Church Ministries, visit www.awakeningchurch.org.
Cary LeungWhen an individual invests in a mutual fund, he or she essentially gives capital to a professional investor and then receives a set number of shares in return. These shares represent a portion of the fund’s total holdings. Mutual funds have become popular in recent years due to the benefits smaller investors enjoy. Even experienced investors have encountered success with mutual funds. The greatest benefit of a mutual fund remains diversification. Novice investors may not understand the best ways to achieve diversification while others may not possess the capital necessary for effective diversification of their securities. Many mutual funds hold stock in hundreds of companies across a number of industries, in addition to bonds and other types. By diversifying, an investor mitigates risk. When one investment performs poorly, the good performance of others hopefully offsets the loss. Before investing in a mutual fund, individuals should investigate the fund’s securities to ensure proper diversification and check for dilution. When a fund diversifies too much, the excellent performance of certain securities becomes diluted. By investing in a mutual fund, an individual essentially hires a professional portfolio manager. This minimizes the amount of time that the person must reserve for researching investments. Ideally, the individual trusts the manager to make the best decisions for the fund while the investor devotes time to other pursuits, such as having fun with family or working. Managers, however, remain fallible and in the end receive a paycheck whether a fund earns or loses money. For this reason, individuals should investigate fund managers prior to purchasing shares, examining their track records and dedication to the profession. Another strength of mutual funds lies in the variety of funds that currently exist. An individual investor may diversify a portfolio by purchasing shares of mutual funds with various focuses. Some may specialize in international equities, while others devote attention to large-cap equities or bonds. Investors may also want to look into target date funds, which permit investment in several different mutual funds through a single point and change the risk level of holdings over time.
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