Brendan Wood
About Brendan Wood
Brendan Wood is the co-founder of Passiv, a tool designed to simplify passive investing by automating trade calculations to maintain portfolio allocations, focusing on index funds due to their lower fees.
Co-founder Brendan Wood
Brendan Wood holds the position of co-founder. He teamed up with Brendan Lee Young, sharing a mutual disillusionment with the high fees associated with active investment management. Together, they sought to find alternatives that would offer better growth for their investments without the burdensome costs.
Focus on Passive Investing with Index Funds
Brendan Wood and his co-founder pivoted to passive investing strategies. They focused on index funds due to their lower management fees, which they found crucial in avoiding the significant deceleration of their investment growth that came with high management expense ratios.
Creation of a Trade Automation Tool
In an effort to streamline the investment process, Brendan Wood was instrumental in building a tool that automates the calculation of trades required to maintain a portfolio's target allocation. This innovation was designed to make it easier for investors to keep their portfolios balanced without the manual effort typically involved.
Growth of Passiv Team and User Base
Brendan Wood played a key role in expanding the Passiv team and its user base across Canada. His contributions have helped make the platform more accessible and useful for a larger number of people interested in passive investing.
Mission to Simplify Investing
Aiming to simplify passive investing, Brendan Wood endeavors to save everyday investors time and money. By making the process more straightforward, he helps investors focus on their financial goals without the complexities and costs typically associated with traditional investment management.