Fully Managed Accounts
Many generations ago, wealthy families would hire qualified individuals to manage their household affairs, especially the financial aspects of the home. And the Chamberlain, or Chief Steward, as they were called, was a very prestigious position which required a considerable degree of loyalty and accountability to the family. In order to secure these traits, the families would structure the Chamberlain relationship around control and access. Depending how far you go back in history, the families actually owned the individual as a slave.
Nowadays, people are still looking for these basic principles:
- Professional excellence
- Duty of care
- Relational accessibility
Also, entrepreneurs, professionals, and, successful people in general have built their wealth on the basis of reward for performance. Zero performance means zero reward.
We get that! And our team adds reward for performance to the above basic principles. It is something that you should expect from the people managing your investments. No one likes losing money. But they hate it when they lose money but the person managing it gets paid.
When your investment portfolio (registered investments and non-registered investments) exceeds $150,000, certain efficiencies become available to you. Things like maximizing tax benefits, minimizing possible tax liabilities of a fund environment, and a preferred fee structure, one that is based on a portfolio’s size and its performance.
These are made possible by a fully managed account. One where you have direct access to your own Investment Counsellor.
This is not about stocks or the stock market. This is about investing in superior businesses and being a business owner. You own the business; the Investment Counselor analyzes a business opportunity and facilitates the purchase.
Investment Counselors have a fiduciary duty to provide analysis that is unbiased, and decision making that is clearly to the benefit of those that have hired them. They are free from conflicts of interest because they are not paid commissions, nor do they receive other forms of compensation based on what is purchased. Investment Counselors are accountable directly to you. The fees you pay are based on the size of the portfolio being invested. This ties your Investment Counselors to the same goal you have, which is to increase the size of your portfolio.
Let’s get to work at discovering what is available to you and your family’s financial well being.