Wealth Management: The enduring approach to financial success

Transcription

1 Wealth Management: The enduring approach to financial success

2 Planning is the foundation of success Dr. Martin Luther King had a dream. We must learn to live together as brothers or perish together as fools. Thomas Edison had an idea. To invent, you need a good imagination and a pile of junk. Henry Ford had a vision. Obstacles are those frightful things you see when you take your eyes off your goal. Benjamin Franklin had a plan.

3 Planning is the foundation of success By failing to prepare, you are preparing to fail. - Benjamin Franklin

4 Wealth Management: A year-round process TFSA strategy RRSP strategy Support your tax advisor Review tax return; analyze tax impact of investments Tax loss selling Monitor capital markets & your portfolio; rebalance asset allocation; manage cash flow & liquidity needs; product research and continuing education Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

5 The Wealth Management Process Financial planning -Proper financial planning includes a comprehensive and objective analysis of your financial situation as well as an action plan and recommendations that can help you enhance your wealth and achieve a certain level of financial independence. Tax planning - Capital gains and investment income are taxed differently depending on the investment products you use. With good planning, we can select suitable investment vehicles that reflect your tax situation so that you can grow your wealth more efficiently. If necessarywe can refer you to qualified professionals to establish a solid tax strategy. Estate planning - To ensure that your wishes are respected, it is crucial to have an estate plan and an up-to-date will. A lawyer is required to draft the essential documents but we will help you establish and maintain an effective estate strategy.

6 The Wealth Management Process (cont.) Portfolio management -Portfolio managementinvolvesthe investmentand maintenance of your assets in a way that seeks to grow your financial wealth over time, or to reach specific financial objectives in order to carry out future projects. It can be done over different time horizons and must take into account your cash flow needs, your tolerance for risk and the tax impact of your decisions. Banking solutions -NBFWM clients have access to a complete line of banking solutions though our brick-and-mortar locations or the remote Advisor Distribution channel. Insurance products and annuities -It is crucial to consider the financial security of you and your family in order to avoid problems in the event of death, illness or disability. To ensure that you have the right coverage, we will enlist the expertise of a professional who will help define your needs by assessing in your potential risks.

7 Discretionary Management Mark Massullo was granted the title of Portfolio Manager by National Bank Financial in March 2015.This title was confirmed by theinvestment Industry Regulatory Organization of Canada(IIROC) in April Investment Advisors with the Portfolio Manager designation have obtained the additional ability to manage your investments on a discretionary basis. Clients of the Massullo Wealth Management Group have access a valuable service that is not commonly available to the Canadian public. Benefits Include: The management of your account will adhere to well defined parameters that have been established by your personal investment policy statement. You can delegate all investment decisions to a financial professional who will continually respect your wealth objectives.

8 Discretionary Management (cont.) Benefits Include: You no longer have to review and approve recommendations; this enables the Portfolio Manager to make real-time decisions when opportunities arise. Discretionary management allows for the ability to swiftly re-balance your portfolio; we can reduce risk by re-balancing your account to maintain an appropriate asset allocation.while these measures will not prevent against temporary or permanent losses, they will help to reduce the volatility caused by market disruptions. Portfolio Managers have the capability to trade all similar client positions, across all accounts without client consultation. This way, there is limited pricing dispersion from one client account to the next. Portfolio Managers are strictly monitored by NBF s compliance department and Portfolio Management division.the guidelines of the discretionary management program must be followed to remain in good standing.

9 Discretionary Management (cont.) Benefits Include: APortfolio Manager will regularly contact you to keep you up to date on the performance and the progress of your investment strategy. Your monthly management fee is based on the value of your portfolio. Compensation is not based on the number of trades executed but on the services offered to you. Discretionary portfolio management fees for taxable accounts are generally taxdeductible (subject to applicable regulation).

10 We Focus on your Total Return Individual objectives may differ but the majority of investors are looking to generate a positive return on their capital. This may include cash flow to pay monthly bills or long-term capital appreciation to fund a future need. Returns will vary based on issues such as market timing & risk tolerance, but the practice of observing returns against the market (or benchmark) is one way to measure your progress towards achieving your goals and objectives. The dollar value [$] of your annual return is less important than the rate of return [%] as a percentage of your invested assets. The value of your portfolio may be artificially skewed by deposits and withdrawals that prevent us from analyzing the true performance of the assets. The key ingredients to your total return are: Asset price movements, investment income, fees and expenses, & taxes.

11 Mark Massullo, FMA CIM Investment Advisor & Portfolio Manager Suite 700, 737 Yates Street Victoria, BC V8W 1L6 Direct: Toll Free: mark.massullo@nbc.ca Follow me on