"I run my business like the companies I've run in the past. The client is always central, and we are tuned into the latest innovations in our field. This philosophy fosters a healthy team culture, and it's also a win for the shareholders. It also guides us in providing unparalleled service while building family wealth and changing our clients' lives for the better."
Inspired by – and a diligent student of – business icons from Warren Buffet and IBM’s Thomas Watson to Apple’s legendary Steve Jobs and Bill Gates, Lorraine leads a hand-picked team of devoted professionals she mentors with one simple goal: to change clients’ lives for the better.
Her 40+ years of experience in the financial services industry, her passion and her lifelong commitment drive the Rumberg Group’s unrivaled investment management, wealth management and subsequent insight resulting in out-of-the-box thinking with industry leading client service.
Her quick wit and no-nonsense manner are a direct result of her diverse training typically working from the ground up in a diverse set of roles focused within the Financial industry. She started in her teens, updating bank customer passbooks by hand and then helping the bank convert to computers. Attuned to innovation, she also convinced a Canadian bank president to start an Executive Lending Group that morphed into the first Private Banking program.
As the banks moved into the brokerage business in the eighties, she moved to a full-service brokerage division, as a wealth advisor providing a full suite of investment and wealth-management solutions...an unheard of service that would not surface among the financial institutions until 2000. She was so successful that, she was recruited to lead turnarounds at three separate financial institutions. Her comprehensive experience with literally every division has given her a ‘hands on’ understanding of how our financial institutions operate.
After seven years of leading turnarounds at financial institutions, she was very troubled that she could not find a wealth advisor with the passion, work ethic and integrity to deliver the investment management, tax planning strategies, retirement and estate planning that she wanted for her family.
Reasoning that there were other people in the same quandary, she chose to be that advisor herself. Today, she spends the majority of her time leveraging the latest technologies to execute her unique hands-on money management style, beginning each day at 5am or earlier, with a review of more than 50 information feeds that alert her and her hand-picked team to information and new trends across the financial spectrum. These include but are not limited to everything from snowbird issues to how to transfer wealth to children and, ongoing changes in tax strategy.
"For the most part, my clients mirror my family. We started with zero or very little, worked hard to build our wealth which we had no intention of losing, and used tax efficient strategies to maximize our income."
Backed by the extensive resources of National Bank, the country’s sixth largest commercial bank, Lorraine and the Rumberg Group focus on putting the needs of the client first; understanding their lifestyle, family, sensitivities, income potential and financial goals. With this in-depth analysis they set realistic investment objectives with the simple, straight forward team objective of meeting and ideally exceeding expectations at every possible touch point.
Requiring maestro-level time management skill, she strives to lead a balanced life that includes mentoring younger professionals, philanthropic work in her communities, and, most important, being a wife to Ken, mother to Vincent, and active with her family and friends.