PRIVATE CLIENT MANAGED PORTFOLIOS

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1 PRIVATE CLIENT MANAGED PORTFOLIOS

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6 United Financial Private Client Managed Portfolios Your wealth is the cumulative result of your hard work, discipline, and astute management. Yet managing wealth can be as much of a challenge as achieving it. For peace of mind, you want your investments to continue growing. You want to enjoy your wealth to the fullest. For peace of mind, you are ready to consider the comprehensive wealth management services of United Financial Private Client Managed Portfolios, offered exclusively through Assante Wealth Management.

7 The many advantages of Private Client Managed Portfolios The Private Client Managed Portfolios program is a complete wealth management solution that integrates investment management with wealth planning and personalized advice for a comprehensive approach to managing your financial affairs. You benefit from: Customized portfolios unique to your needs Automatic rebalancing asset weightings automatically rebalanced to maintain your risk profile An Investment Policy Statement a written roadmap for your investments Comprehensive reporting an all-inclusive report that focuses on your complete portfolio Asset allocation diversification across 11 separate asset classes Integrated wealth planning access to our team of investment and wealth planning professionals A multi-manager approach a lineup of independent, world-class investment managers A strict investment mandate ensures managers continually meet their investment objectives and stay true to their discipline A personal Wealth Planning Report a comprehensive wealth plan encompassing financial analysis, risk management, tax and financial strategies and wealth transfer options Tax efficiency detailed tax reporting, fee disclosure and tax deductibility on open accounts 2

8 The United Financial Difference Through Private Client Managed Portfolios, United Financial offers a unique multi-disciplinary approach to managing your complex financial needs. While most other private client programs focus solely on investment management, we take a different approach. By integrating investment management, wealth planning and personalized attention in a single customized program, we help to simplify your financial affairs. How can t e a vise, i t e see ut a art. - Benjamin Franklin

9 The role of your Assante advisor Your Assante advisor is a skilled and trusted professional whose role is to simplify and guide you in the management of your personal finances and wealth. By understanding all of your financial and wealth management needs investment, tax, insurance, cash and debt management, retirement, and estate planning your Assante advisor can provide a cohesive and integrated approach. Client Advisor Your Assante advisor is your link to a broad range of resources and specialized expertise. Our team includes United Financial, a division of CI Private Counsel LP Investment Counsellors and wealth planning professionals who will work with your other professional tax, Custom Portfolio Construction Wealth Planning Investment Management accounting or legal advisors, as needed. Your Assante advisor is an effective partner who can leverage these resources in building and protecting Financial Analysis Risk Management Tax Planning Wealth Transfer your wealth. The result is completely customized, confidential private client service that you can trust.

10 The Investment Counselling Process Y Your private client experience at United Financial begins with the development of a personal investment 1 Setting objectives 2 Creating an Investment Policy Statement strategy unique to you. We examine your investment objectives and goals, liquidity needs, growth expectations, tolerance for risk, income requirements, investment time horizon, anticipated changes in lifestyle, tax considerations, and economic variables such as inflation and market volatility. Working with your advisor, you and one of our portfolio managers complete the Investor Profile Questionnaire. We will learn more about you and your family, what you want your investments to do for you, your tax situation, whether you ll be needing income or cash from your portfolio and how much risk you re comfortable assuming. Once you have set your objectives, the professionals at United Financial will create a detailed plan known as an Investment Policy Statement. Your Investment Policy Statement is your personalized investing profile. It details a plan for your customized portfolio. Your custom portfolio is built to offer the highest potential returns for the amount of risk you re willing to take, and is carefully managed to stay within these guidelines.

11 3 Determining 4 Implementation 5 Reporting & 6 Monitoring asset mix communication progress effectively Your portfolio is based on Your portfolio will be Every three months you A key component of strategic asset allocation, implemented using will receive a consolidated managing your portfolio is a long-term investment United Pools. World-class report on your portfolio making sure it stays within strategy that determines investment managers look documenting the value the asset mix outlined in the best asset mix for your after your portfolio and are of your holdings, how much your investment policy portfolio. By diversifying selected from among the you have invested over the statement. We continuously across a balanced asset mix, industry s most seasoned, period, your personal rate of monitor your investments you are not dependent on proven professionals. We return, and other important and rebalance by buying any one manager, region optimize your portfolio information. Detailed tax and selling portions of your or asset class for your from a tax perspective, by reporting is provided on portfolio when necessary investment returns. This dividing your assets among a calendar-year basis for to keep your portfolio approach creates the most family accounts in the most individuals or customized on track with your plan. efficient portfolio for you. tax efficient way. to the fiscal year of your corporation or trust. 6

12 Strategically Engineered Portfolios O Our portfolio recommendations and solutions are supported by a widely recognized team of accredited investment analysts. Their expertise, along with our external managers, allows us to engineer portfolios tailored to your unique needs. We use our powerful research capabilities to identify and select independent, strong investment managers who are leading specialists in their field.

13 We make sure your portfolio remains true to your goals Rebalancing your portfolio Managing your portfolio for tax efficiency We continuously monitor your portfolio to ensure that your asset allocation remains appropriate. Over time, as different asset classes perform at different rates, your portfolio may deviate from your original asset allocation and may add more risk than you are prepared to take. We will rebalance your portfolio when necessary to make sure your investments stay within the guidelines set out in your investment policy statement. World-class investment managers We choose independent, world-class investment managers who undergo a rigorous screening process. We continually evaluate the investment managers against strict criteria to ensure that they adhere to their investment mandate. The managers must invest according to the specific investment approach for which they were hired and deliver consistent performance compared to their benchmark. We optimize your portfolio from a tax perspective, by dividing your assets among family accounts. All of your registered and non-registered accounts are viewed as a single portfolio, allowing us to strategically allocate your investments for the greatest tax efficiency. We ensure that heavily taxed investments are sheltered in registered plans or are held in accounts of family members who have a lower tax rate. Investments offering favourable tax treatment or tax deferral opportunities are placed in accounts of a higher income earner. To help minimize your tax bill, we manage your money differently than other firms. All your family s accounts are viewed as a single portfolio New deposits are allocated to asset classes in your portfolio that have recently underperformed Rebalancing only takes place when necessary, not according to a pre-set schedule. We consider the tax effects that may be triggered if your portfolio needs to be rebalanced. 8

14 The Wealth Planning Process At United Financial, we use a comprehensive, multi-disciplinary approach to wealth planning. Our 1 Setting expectations Wealth Planning Group will work with you and your advisor to create a professional, comprehensive wealth plan designed to preserve and enhance your wealth with effective tax, estate, and financial strategies. We work with you to understand your financial goals and objectives and establish expectations. Your Assante advisor and Investment Counsellor will gather the information they need to construct an effective plan. They can Our Wealth Planning Group includes investment analysts, accountants, lawyers, estate and insurance work with you or directly with your lawyer or accountant if you prefer. specialists and financial planners dedicated to delivering solutions to the unique and sometimes complicated situations you face. Together with your Assante advisor and Investment Counsellor, they work closely with you and your other professional advisors to deliver an exceptional private client experience.

15 2 Gathering 3 Wealth Planning 4 Recommendations 5 Monitoring & data Report periodic review To provide an accurate Your financial information Once we understand your Monitoring progress is an picture of your current is reviewed and analyzed financial goals, objectives important part of helping financial situation, as to assess your current net and current situation, you achieve your goals. Your well as your lifestyle worth and your financial, we identify appropriate Investment Counsellor and goals and plans for your risk management, tax financial, tax and estate one of our Wealth Planning estate, we compile all the minimization and estate planning strategies. We Consultants will meet with necessary information. planning needs. Before will guide you through your you on a regular basis to preparing the final report, customized wealth plan and review and revise your the data and underlying discuss the implications of planning strategies as your assumptions are validated each course of action, and financial situation or family by you and your advisor work with you and your circumstances change. to confirm that the lawyer or accountant information and the to implement the financial picture recommended strategies. are accurate. 10

16 Be well-invested F For more information about United Financia Private Client Managed Portfoliosl, please visit or speak to an Assante Wealth Management advisor. Private Client Managed Portfolios services are provided by United Financial, a division of CI Private Counsel LP ( United Financial ). United Financial provides portfolio management and investment advisory services as a registered advisor under applicable securities legislation. This document has been prepared for use by United Financial and is intended solely for information purposes. It is not a sales prospectus, nor should it be construed as an offer or an invitation to take part in an offer. Private Client Managed Portfolios are available exclusively through Assante Capital Management Ltd. (member CIPF), Assante Financial Management Ltd. and Stonegate Private Counsel. Commissions, trailing commissions, management fees and expenses may all be associated with investments in Private Client Managed Portfolios and the use of other services. Investment pools used in the portfolios are not guaranteed, their values change frequently and past performance may not be repeated. Please read the United Pools prospectus and consult your advisor before investing. United Financial and/or United Financial and design are trademarks of CI Investments Inc (12/09)

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19 Our Goal Is to simplify and enhance the lives of our clients by serving as their financial advisor managing their assets and lifestyle needs from the day we begin our relationship with them, through succeeding generations.

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