THE

Summer 2018In this edition...Read about a pediatric dentist’s unconventional path to dentistry... and more!

We invite you to our new home at: cdspi.com

A website is like a home. It’s full of many rooms with different purposes, designed with taste and

utility in mind. It’s comfortable. It’s welcoming. It’s a place you’re proud to show off to guests.

Please explore our new home at CDSPI. As a dental professional, it’s your home too!

Browse by Career Stage Just starting out? A practice owner? In retirement mode? No matter where you are in your professional and personal journey, our new website has information—and a bit of inspiration— specifically for you.

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Focus on Community

This is the place to find out about CDSPI events or educational forums in your region, access your Members’ Assistance Program (MAP), or learn about the many ways that CDSPI supports the Canadian dental community.

Enhance Your Knowledge An exciting part of the new site is our Insights Hub. As a thought leader for dental professionals, part of our mandate is to enhance your knowledge on a variety of subjects.

Here are just a few examples of what you’ll find:

• Test Your Financial Planning IQ

• Six Tips for Tax Savvy Dentists

• Dentist Survives Potentially Fatal Spider Bite

We will always be adding to our Insights Hub with fresh articles, quizzes, case studies and other new material. Feel free to drop by any time.

WELCOME TO OUR NEW

WEBSITE

At CDSPI we have star performers of our own. And like in the World Cup, we have funds that excel from around the globe.

Looking to add star performers to your portfolio? Call 1.800.561.9401 to build your winning team.

Visit cdspi.com/funds to learn more about these—and many other— valuable investment options available exclusively for the dental community through CDSPI.

* Fund data and Morningstar ratings are based on analysis by Morningstar, Inc. of CDSPI funds with performance records of ten years or more, as of March 31, 2018. Past performance is not necessarily indicative of future results. For more details on the calculation of Morningstar ratings, please see www.morningstar.ca.

CDSPI GLOBAL GROWTH FUNDManager: Capital GroupStar Rating: HHHHH

Quartile: 1MER: 1.77%Risk: Average10-year growth of $10K: $23,812

Focus is on growth-oriented stocks from developed global markets. Appropriate for investors with long-term growth objectives.

CDSPI EUROPEAN FUNDManager: InvescoStar Rating: HHHHH

Quartile: 1MER: 1.45%Risk: Below average10-year growth of $10K: $18,597

The manager focuses on European companies that offer strong management, industry leadership and demonstrated financial commitment to securing a competitive advantage.

CDSPI INTERNATIONAL EQUITY FUNDManager: CC&LStar Rating: HHHH

Quartile: 1MER: 1.30%Risk: Average10-year growth of $10K: $15,116

Provides broad exposure to non-North American economies including the Pacific Basin, European, and to a lesser extent, Emerging Markets.

CDSPI GLOBAL FUNDManager: InvescoStar Rating: HHHHH

Quartile: 1MER: 1.50%Risk: Average10-year growth of $10K: $20,128

Invests primarily in high quality global businesses that possess competitive advantages, have strong management teams, and are trading at a discount to value.

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The World Cup is upon us, and fans around the planet are cheering for the stars that represent their countries.

TOP PERFORMERS GET THE WORLD’S ATTENTION

Raylien Chao studied in Taiwan, Wisconsin, New York, Minnesota, and Florida before starting to practise last summer in Vancouver. We asked her to share her thoughts about her unique path to becoming a dentist and her focus on lifelong oral health for her young patients.

AN UNCONVENTIONAL JOURNEY TO DENTISTRY

I wasn’t into science as an undergraduate. In fact, I was studying finance. Then one day I volunteered at an event that was offering free dental care and a light went on for me. Thousands of people lined up and I witnessed the fulfilling rewards to both provider and patient. Speaking with dentists, I realized how creative the work was, how they worked with their hands, how much personal interaction there was, and I thought this is for me. Also, my grandma was a pioneering dentist in Taiwan, so I guess maybe it was in my blood.

I didn’t have any prerequisites for dental school! So I did a Master’s degree at Columbia University where I studied nutrition and did research in periodontal disease and its connection to obesity. This not only gave me my science requirements, but it inspired a passion for public health and disease prevention that has stayed with me to this day.

In school, I loved all types of dentistry. Near the end of my third year, I started doing dentures and I was struck by how many times people said, “I love my new smile, but I wish they were my real teeth. I wish someone had told me how to take care of my teeth when I was younger.” And another light went on—I should focus on kids.

I was thrilled to learn about CDSPI when I came to Canada. In the U.S. you’re approached by so many agents with different plans, and prices and stories, you don’t know who or what to believe. When I got here some friends told me, “Just go with CDSPI, they have everything you need.”

I just knew I could count on them. It was great to talk to an advisor about the level of malpractice and disability that was right for me, and about plans I would need when I own a practice. When I found out they were a not-for-profit, that clinched it for me. I also learned they sometimes reduce premiums when there are fewer claims. What other company would do that?!

Life is for living, right? This past winter, my husband convinced me to take up snowboarding and I adore it. We go whenever we can. On top of that I’m into hiking, playing guitar and ultimate frisbee!

Teaching reminds me to be humble. It’s amazing how much you learn and grow as you start practising. I feel fortunate to be able to pass some of that on to the students I teach at UBC.

NAME: DR. RAYLIEN CHAO, BSC., MSC., DDS

GRADUATION: School of Dentistry, University of Minnesota, 2015

PEDIATRIC RESIDENT: NYU Langone Medical Centre, 2015 - 2017

CURRENT ROLES: Associate with Playtime Pediatric DentistryClinical Instructor at the University of British Columbia

PRACTICE OWNERSHIP PLANS: Within three years

NEW YORKWISCONSIN MINNESOTA

FLORIDA

VANCOUVER

I have a passion for prevention.It gives me a tremendous sense of fulfillment which

is what drew me to pediatrics in the first place.‘‘

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TAIWAN

Financial markets have experienced volatile times in 2018. In early February, world stock market

capitalization declined by $4 trillion in less than one week,

then recovered almost half of those losses over the next two weeks.*

DO MARKETS KEEP YOU UP

AT NIGHT?See what makes your peers lose sleep.

In March, we conducted a survey of Canadian dentists to help gauge current investment attitudes. One of the questions, detailed below, revealed that dentists are almost equally worried about a market crash as they are about missing out on big gains—which is not surprising in an unstable climate.

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Whatever concerns you most, we’re here to help. Contact us at investment@cdspi.com or call 1.800.561.9401 to get

the financial planning advice you need to get a better night’s sleep.If you would like to weigh in on this and other investment questions, please go to cdspi.com/survey.

* Source: Reutersß Advisory services are provided by licensed advisors at CDSPI Advisory Services Inc. Restrictions may apply to advisory services in certain jurisdictions.

Which investment issue most keeps you up at night?

Missing out on large investment gains.Big gains mean bigger risk. Keep that in mind.

Possibility of another market crash. Always a potential—that’s why it’s important to have a balanced asset allocation.

Not having enough to retire comfortably.A comprehensive financial plan from CDSPI Advisory Services Inc.ß can help ensure you do.

High fees cutting into retirement savings.Don’t underestimate the impact of fees on your returns. Save wherever you can.

Too much risk in your investment portfolio.A financial plan can help determine the “right” amount of risk for your circumstances.

36%

33%

24%

3%

2%

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You’ve retired. So do you still need malpractice coverage?

This question—asked frequently by retiring dentists— can be a source of confusion.

There are two main scenarios:

1. You retire and surrender your licence.When you officially surrender your licence with your provincial or territorial dental association, you also need to notify CDSPI.

a. With CDSPI Malpractice Insurance* your malpractice coverage changes from ‘active’ to ‘non-practising’ status. You will continue to be protected against potential claims from incidents that occurred while you were practising. The coverage even protects your estate should a claim be resolved after you die.

b. With CDSPI Ontario Excess Malpractice Insurance* you will enter an Extended Reporting Period where you will still be covered for five years.

In both cases, you will pay no premium for this coverage, and your coverage limits and deductible will be the same as prior to surrendering your licence.

2. You retire but maintain your licence.In this case, you still need to purchase malpractice insurance for as long as you hold your licence, even if you are not practising.

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* Malpractice Insurance and Ontario Excess Malpractice Insurance are underwritten by Aviva Insurance Company of Canada.

One less thing to worry about in retirement. Please call us at 1.800.561.9401 if you have any questions.

Contact Us 1.800.561.9401 cdspi.comInsurance and investment planning advice is provided by licensed advisors at CDSPI Advisory Services Inc. The information in this publication is for informational purposes only and is not intended to provide financial, legal, accounting or tax advice. Restrictions may apply to advisory services in certain jurisdictions.

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With CDSPI Travel Edge Insurance, you pay one premium for the full year... no matter how many trips you take.

Travel confidently with CDSPI.Call 1.800.561.9401 for year-round protection.Travel insurance does not cover everything. Please refer to the coverage booklet for full terms and conditions, including limitations and exclusions. Travel Edge Insurance is underwritten by the CUMIS General Insurance Company, a member of The Co-operators group of companies and administered by Allianz Global Assistance, which is a registered business name of AZGA Service Canada Inc., and distributed by CDSPI Advisory Services Inc.

One premium.Unlimited trips. The world awaits.