The Belmont Village Financial Group (BVFG) has been in business since 1982. Spearheaded by C. Leigh Hogg, they provide investment services for individuals and corporations, financial planning, insurance, estate planning, and have recently started brokering mortgages.
Hogg began his career in 1973 in personal lending, mortgages, and collections with the Household Financial Corp., and help various management and sales management positions throughout Ontario until 1982 when he entered the investment business.
On why he started his own business, Hogg says “I believe I can make a difference in people’s lives on a financial basis; the freedom to create the business I envisioned was the main factor.” Implementing that philosophy has seen the Belmont Village Financial Group grow to a team of six - three advisors, and three administrators.
When you are competing against big banks, it can be tough, but Hogg says BVFG offers choice, customer service, experience, and most importantly, stability in planning your finances. There is rarely staff ‘turnover’ at BFVG, which gives them the opportunity to get to know their clients very well. “We offer choice and independence. Since we’re not a ‘bank owned’ company we can suggest products tailored to the clients' needs. Banks can only offer what their company supplies, which really limits the possibilities for investors,” said Hogg.
When he’s not at work, he enjoys getting out and socializing while being active. Activities such as golf and curling are favourites. He is also a passionate philatelist and deltiologist (it’s okay, we had to look those up, too).
What is the best part of your job?
Meeting and working with my clients is hands down the best part of my job. It’s great to see them succeed, and work together to achieve their goals and objectives. It’s great that we have so many multigenerational families – it’s rewarding to watch families grow over the years.
What does your typical day look like?
Starting between 8 and 8:30 am, I fine tune for the day’s appointments and meet with my staff to review the previous day’s trading. If I don’t have a client first thing, I take the opportunity to answer emails and confirm rates for the day. Clients are booked in 1 ½ hour intervals as required, and between appointments I review other client portfolios. Some of our clients are located further afield, or are unable to get to the office, so I will often make ‘house calls’ at their convenience. It’s great that I have the flexibility to do it!
What do you wish you knew (but didn’t) when you started your business?
All the things I know now after 33 years in the industry! LOL! On a serious note, realistically becoming self-sufficient and financially independent in business is a long-term process. It’s difficult to avoid becoming a ‘flavour of the day’ 30-second spot on Business News Network, and really buckle down for the long haul but that’s where the greatest rewards can be found.
What advice do you have for other entrepreneurs in Waterloo Region?
Don’t get caught up in the excitement of an opportunity. Take the time to ensure it is a sustainable option before you dive in head first. I have seen many businesses come and go because the founders didn’t take the time to write a simple Pro vs. Con list. Be smart about where you invest your time and money.
For more information, contact:
Belmont Village Financial Group
729 Belmont Avenue West
Kitchener Ontario N2M 1P3
519.744.3020 or toll free 1.800.361.6631
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