CIBC PRIVATE WEALTH MANAGEMENT

Transcription

1 CIBC PRIVATE WEALTH MANAGEMENT CIBC PRIVATE P R I V A T E W EALTH E A L T H M ANAGEMENT A N A G E M E N T

2 PWM pitchbook_eng_v1:layout :42 PM Page 2 T HE CIBC G RO UP OF C O MPANI E S Canadian Imperial Bank of Commerce (CIBC) is a leading Canadian-based global financial institution. Through our three major operating groups, CIBC Retail and Business Banking, CIBC Wealth Management, and CIBC Wholesale Banking, CIBC provides a full range of financial products and services to almost 11 million individual, small business and commercial, corporate and institutional clients in Canada and around the world. CIBC R ETAIL AND PWM pitchbook_eng_v1:layout :42 PM Page 2 B USINESS B ANKING CIBC Retail and Business Banking comprises CIBC s personal banking, business banking and commercial banking businesses. We provide a suite of products and services to meet the financial needs of our business and retail clients in Canada. In addition we offer a full range of financial services to clients in 17 regional markets in the Caribbean through FirstCarribean International Bank CIBC W EALTH M ANAGEMENT CIBC Wealth Management comprises the investment management, retail brokerage, and private wealth T H E CIBC G RO U P management businesses of CIBC. Together these businesses combine to provide a broad range of financial and wealth management services to self-directed investors, high net worth individuals, and institutional clients. Within CIBC Wealth Management, CIBC Private Wealth Management offers expert financial counsel, innovative wealth strategies, custom tailored solutions and exceptional service to help affluent clients achieve their financial goals. CIBC Private Wealth Management maintains offices in Canada and internationally. W HOLESALE B ANKING (CIBC W ORLD M ARKETS I NC.) CIBC World Markets Inc. is the wholesale banking arm of CIBC. Operating in Canada, the United States and other key global markets, they provide a wide range of credit, capital markets, investment banking, merchant banking and research products and services to government, institutional, corporate and retail clients. Areas of specialization include investment and corporate banking, mergers and acquisitions, merchant banking, and equities, fixed income and foreign exchange trading. OF C O M PA N I E S Canadian Imperial Bank of Commerce (CIBC) is a leading Canadian-based global financial institution. Through our three major operating groups, CIBC Retail and Business Banking, CIBC Wealth Management, and CIBC Wholesale Banking, CIBC provides a full range of financial products and services to almost 11 million individual, small business and commercial, corporate and institutional clients in Canada and around the world. CIBC R ETAIL AND B USINESS B ANKING CIBC Retail and Business Banking comprises CIBC s personal banking, business banking and commercial banking businesses. We provide a suite of products and services to meet the financial needs of our business and retail clients in Canada. In addition we offer a full range of financial services to clients in 17 regional markets in the Caribbean through FirstCarribean International Bank CIBC W EALTH M ANAGEMENT CIBC Wealth Management comprises the investment management, retail brokerage, and private wealth management businesses of CIBC. Together these businesses combine to provide a broad range of financial and wealth management services to self-directed investors, high net worth individuals, and institutional clients. Within CIBC Wealth Management, CIBC Private Wealth Management offers expert financial counsel, innovative wealth strategies, custom tailored solutions and exceptional service to help affluent clients achieve their financial goals. CIBC Private Wealth Management maintains offices in Canada and internationally. W HOLESALE B ANKING (CIBC W ORLD M ARKETS I NC.) CIBC World Markets Inc. is the wholesale banking arm of CIBC. Operating in Canada, the United States and other key global markets, they provide a wide range of credit, capital markets, investment banking, merchant banking and research products and services to government, institutional, corporate and retail clients. Areas of specialization include investment and corporate banking, mergers and acquisitions, merchant banking, and equities, fixed income and foreign exchange trading.

3 CIBC PRIVATE WEALTH MANAGEMENT MANAGING THE FINANCIAL AFFAIRS OF AFFLUENT CANADIANS CIBC Private Wealth Management focuses exclusively on providing financial stewardship to Canada s wealthiest and most established families, successful entrepreneurs and professionals, gifted athletes and entertainers, top executives from both private and public corporations, as well as private holding companies, trusts, estates, charitable foundations and First Nations. As a CIBC Private Wealth Management client, you benefit from a personal financial advisory relationship that is as unique and individual as you are. Through a dedicated team of world-class advisors, you will enjoy a private client experience built on a deep client understanding, as we provide sophisticated financial counsel and custom-tailored wealth management solutions delivered with impeccable service. UNDERSTANDING SOPHISTICATED CLIENTS IT S OUR BUSINESS Our exceptional service starts with a unique personal discovery process one that affords a valuable opportunity to reflect on and gain true clarity about your objectives, goals and needs. Our process allows us to establish a thorough understanding of your personal values, ideal future and all aspects of your financial and family situation. This includes learning about your lifestyle and liquidity needs; investment style and risk tolerance; tax situation; and your intended legacy for future generations and the causes you care about the most. Through this insight, we can craft a sound financial plan that will support and sustain your values, simplify and organize your affairs and provide the strategies you need to tax efficiently preserve, grow and transition your wealth. ATRUSTED TEAM OF MULTI-DISCIPLINARY EXPERTS The financial affairs of our clients are guided by a team of highly respected and specialized advisors. Your team is carefully assembled based on your unique needs and is comprised of only CIBC s best advisors from CIBC Private Banking, CIBC Private Investment Counsel, CIBC Wood Gundy, CIBC Trust, CIBC Wealth Advisory Services, CIBC Financial Planning, CIBC Business Banking and CIBC Commercial Banking. Most importantly, all of your advisors are highly accredited and seasoned professionals who will provide the expert counsel you require, both today and in the coming years. EXCLUSIVE WEALTH MANAGEMENT STRATEGIES AND SOLUTIONS Your team of advisors will formulate innovative wealth management strategies that are deliberate, reasoned and, most importantly, effective in achieving your goals. With access to a full spectrum of products and services from across the CIBC group of companies, your advisory team will design and help create personally-tailored solutions in all key areas of wealth management. ASTERLING LEVEL OF SERVICE Impeccable service is the hallmark of CIBC Private Wealth Management; you can count on receiving an exceptional level of personalized service from all members of your advisory team. And, of course, your relationship and financial affairs will always be held in the strictest confidence and managed with the utmost discretion.

4 PWM pitchbook_eng_v1:layout :42 PM Page 4 S ERVING Y OU A CROSS C ANADA CIBC Private Wealth Management maintains offices in the following Canadian cities: Toronto Ottawa Montreal Victoria Mississauga Hamilton London Winnipeg Calgary Edmonton Vancouver Thornhill However, we are pleased to work with clients residing in other cities to establish a suitable and convenient location to do business. I NTERNATIONAL R EACH CIBC Private Wealth Management has extensive and proven experience operating in a variety of regulatory environments and a long-established presence in several of the world s leading offshore banking centres. CIBC s international locations have been carefully selected based on their stability and business infrastructure. Complementing our business operations in Canada, we have offices in: Bahamas Hong Kong Cayman Islands PWM pitchbook_eng_v1:layout :42 PM Page 4 L EVERAGING E XPERTISE CIBC FROM A CROSS To guide our clients financial affairs, CIBC Private Wealth Management draws on its unique expertise in conjunction with strategic partnerships within CIBC: CIBC PRIVATE WEALTH MANAGEMENT CIBC Private Banking CIBC Private Investment Counsel CIBC Trust CIBC Wealth Advisory Services CIBC Financial Planning CIBC Private Wealth Management International Services STRATEGIC PARTNERSHIPS CIBC Wood Gundy CIBC Business Banking CIBC Commercial Banking S ERVING Y OU A CROSS C ANADA CIBC Private Wealth Management maintains offices in the following Canadian cities: Toronto Ottawa Montreal Victoria Mississauga Hamilton London Winnipeg Calgary Edmonton Vancouver Thornhill However, we are pleased to work with clients residing in other cities to establish a suitable and convenient location to do business. I NTERNATIONAL R EACH CIBC Private Wealth Management has extensive and proven experience operating in a variety of regulatory environments and a long-established presence in several of the world s leading offshore banking centres. CIBC s international locations have been carefully selected based on their stability and business infrastructure. Complementing our business operations in Canada, we have offices in: Bahamas Hong Kong Cayman Islands L EVERAGING E XPERTISE CIBC FROM A CROSS To guide our clients financial affairs, CIBC Private Wealth Management draws on its unique expertise in conjunction with strategic partnerships within CIBC: CIBC PRIVATE WEALTH MANAGEMENT CIBC Private Banking CIBC Private Investment Counsel CIBC Trust CIBC Wealth Advisory Services CIBC Financial Planning CIBC Private Wealth Management International Services STRATEGIC PARTNERSHIPS CIBC Wood Gundy CIBC Business Banking CIBC Commercial Banking

5 The following is a brief description of the expertise available to you through our partners. CIBC PRIVATE BANKING CIBC Private Banking focuses on creating both simple and specialized financial strategies through single and multi-currency solutions to meet the day-to-day banking, cash management and credit management needs of our clients. Our seasoned Private Banking Advisors have extensive experience in managing the financial assets and liabilities of highly affluent clients. Limiting their services to a select number of client relationships allows for a more intimate understanding of your goals and objectives, ultimately ensuring you receive only the highest level of personal service and attention. In addition to providing holistic private banking strategies and solutions, your Private Banking Advisor can also act as your lead advisor in liaising with your other Private Wealth Management advisors, as well as your other personal advisors (accountants, lawyers and and tax professionals). CIBC PRIVATE INVESTMENT COUNSEL CIBC Private Investment Counsel (CPIC) offers discretionary investment management services to clients, businesses, trusts, estates, charitable foundations and other not-for-profit organizations with investable assets of at least $1 million. Managing client assets on a discretionary basis through segregated accounts and investment pools, our selection of diversified investment opportunities in both broad and specialized markets enables us to manage money for private investors with the same proficiency available to large pension funds and corporate investors. Investment management services are provided primarily by CIBC Global Asset Management Inc. (CGAM), the institutional investment management division of CIBC. In addition, CIBC Private Investment Counsel augments its investment platform with recognized third-party managers. These managers are selected and monitored through rigorous quantitative and qualitative analysis done by CIBC Asset Management Inc. A team of dedicated investment professionals employs a thorough, systematic and objective due diligence process to identify the highest caliber investment managers to sub-advise on CIBC product offerings. All of our investment managers bring a history of performance, recognized strengths and a variety of investment styles. The breadth and depth of our investment offering in Canadian, U.S. and global markets is made possible by our access to the global resources of CIBC. Our clients have a dedicated CPIC Investment Counsellor that will work with you and your advisors to design tax-efficient investment strategies for achieving your goals. You will continue to be involved throughout the process, but are free from the day-to-day management of your investments. Like all Private Wealth Management advisors, your Investment Counsellor maintains relationships with only a select number of clients and is a recognized industry professional with the educational qualifications and experience to effectively steward your wealth.

6 CIBC TRUST CORPORATION CIBC Trust specializes in estate and trust planning and administration, and has been meeting the estate and trust needs of Canadians for more than 90 years. CIBC Trust offers a wide range of estate and trust solutions including: Corporate Executor Appointment: Appointment of CIBC Trust as an executor to help attain the efficient and professional settlement of your estate for the benefit of your loved ones. Agent for the Executor, Trustee or Attorney: Balancing personal commitments with the tasks demanded of an executor, trustee or individual acting as power of attorney can be burdensome. CIBC Trust understands these difficulties and can help executors and powers of attorney fulfill their duties. Trust Administration: Complex financial affairs demand solutions that preserve asset value. Our trust professionals have the expertise to administer your complex trust structures to build a lasting legacy. Power of Attorney: Appointing CIBC Trust as your power of attorney for financial affairs results in the professional administration of your assets during incapacity. Whether your situation calls for sophisticated estate planning strategies, intergenerational wealth transfer or tax minimization, CIBC Trust can provide guidance and solutions to help meet your goals. CIBC WEALTH ADVISORY SERVICES Individuals, families and business owners with significant assets have wealth planning needs beyond the capabilities of many financial institutions. To meet those needs we created CIBC Wealth Advisory Services. CIBC Wealth Advisory Services maintains a team of seasoned Wealth Advisors across the country with extensive expertise and accreditation in wealth planning. Their services are most appropriate for clients with significant wealth of $5 million or more. Using a comprehensive planning process to address complex credit, investment, financial planning and trust needs, our Wealth Advisors offer expertise in wealth planning, estate planning, intergenerational wealth transfer and tax-optimization strategies. In addition, CIBC Wealth Advisory Services offers specialty expertise in tax planning and business transition planning through our in-house team of professional experts: JAMIE GOLOMBEK MANAGING DIRECTOR, TAX AND ESTATE PLANNING CIBC PRIVATE WEALTH MANAGEMENT Jamie works closely with CIBC clients and their advisors to deliver integrated tax and estate planning solutions. He received his B.Comm. from McGill University, earned his Chartered Accountant (CA) designation in Ontario and qualified as a U.S. Certified Public Accountant (CPA) in Illinois. He has also obtained his Certified Financial Planning (CFP) and Chartered Life Underwriting (CLU) designations. He is quoted frequently in the national media as an expert on taxation and pens the weekly column "Tax Expert" for the National Post, which is nationally syndicated across other regional Postmedia Network newspapers. SEAN FORAN MANAGING DIRECTOR, BUSINESS TRANSITION PLANNING CIBC PRIVATE WEALTH MANAGEMENT While many affluent business owners are overwhelmingly intent on using the proceeds from the sale of their business as investment dollars and to fund their retirement, our research shows that less than half of small- and medium-sized business owners have developed a formal transition plan or named a successor. Sean Foran works with business owners to help them confront their exit through a framework designed to help take the emotion out of the process. Called to the Bar of Ontario in 1987, Sean s law practice focused exclusively on estate planning, working with business owners and high net worth families. He led the business owner transition planning practice at another major Canadian bank and is the co-author of Succession Stories From the Front Lines. Highly experienced in the discipline and legal nuances of business transition planning, Sean works closely with business owners and their advisors to help identify and resolve relevant issues and assist in developing formal transition plans and other value added exit strategies.

7 CIBC FINANCIAL PLANNING CIBC Financial Planning Consultants provide customized financial and investment planning expertise to CIBC clients whose investment needs require an indepth personalized approach. These consulting services are most appropriate for Private Wealth Management clients with investment assets under $5 million. CIBC Financial Planning combines the expertise of its Financial Planning Consultants with best in class solutions and investment tools to provide truly customized recommendations to meet our clients unique financial goals. CIBC PRIVATE WEALTH MANAGEMENT INTERNATIONAL SERVICES Through our offices in The Bahamas, Cayman Islands and Hong Kong, CIBC Private Wealth Management International Services combines local knowledge with global reach to meet the offshore wealth management needs of individuals, entrepreneurs and businesses. Our offshore services focus on: Banking Trust Investment management Company management Offshore services are an important planning resource for clients in the position of managing structures or assets outside Canada. Our international advisors are experts in a host of disciplines from private banking and trust services to institutional fund administration and global custody and work closely with you to meet your financial objectives. With knowledge, wisdom and dedication to personalized service, CIBC Private Wealth Management International Services can play a pivotal role in your network of trusted advisors.

8 STRATEGIC PARTNERSHIPS Our clients not only benefit from the expert counsel, innovative strategies and exceptional service we offer, but also from our strategic partners across the CIBC group of companies, including: CIBC WOOD GUNDY Established in 1905, CIBC Wood Gundy is the full service retail brokerage division of CIBC World Markets Inc., a Member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. For Private Wealth Management clients who want the benefit of a full service brokerage offer, CIBC Wood Gundy offers a wide variety of investment products and services, including: Asset management Corporate business solutions Financial and estate planning Structured products Alternative investments Traditional bonds Equities Insurance CIBC Wood Gundy Investment Advisors provide insightful and impartial advice to assist you in making informed investment decisions, according to your priorities. In fact, many of our clients rely on the one to one expertise of CIBC Wood Gundy Investment Advisors to manage their financial future because of their distinct reputation for service excellence and sound investment expertise. CIBC BUSINESS BANKING We understand that successful business owners have banking needs that are different from the average Canadian. That s why you require the services of a business advisor who can offer specialized advice and expertise through a personal relationship. Suitable for clients with annual sales under $5 million, our leading-edge products and solutions will help ensure your continued success both personal and professional. CIBC business advisors have the professional experience that enables them to provide an exemplary level of service and advice tailored to your individual needs. Whether you are looking to update your business plan, identify strategies that make it easier to manage your business finances, source capital to expand operations or cash management services to administer payroll to a growing staff, we can help develop solutions that are right for you. CIBC COMMERCIAL BANKING CIBC is committed to partnering with some of Canada s best managed companies. Our comprehensive approach provides industry expertise, innovative ideas and strategic solutions designed to create, protect and realize stakeholder value. Partnering with clients with annual sales of between $5 million and $500 million, Commercial Banking provides integrated financial solutions to address virtually every business requirement at every stage of a company s development and operation, including credit, asset-based financing, subordinated debt, trade finance, cash management, franchising, foreign exchange, investments, mergers and acquisitions and private placements of equity and debt. CIBC Commercial Banking s Relationship Managers are located in regionally based centres across Canada, ensuring first hand knowledge of local market conditions.

9 STEWARDSHIP, PRIVACY AND PEACE OF MIND Through CIBC Private Wealth Management you have access to a wealth of expertise and experience. Year after year, our clients choose us to discreetly steward their affairs because of our unique approach to financial counsel, our innovative yet prudent wealth management strategies, our custom-tailored solutions, our dedication to personal service and, of course, our respect for their privacy. For them, the result is confidence and peace of mind. We are committed to building a long-term relationship with you that not only meets your needs, but exceeds your expectations.

10 MasterCard is a registered trademark of MasterCard International Incorporated. American Express is a registered trademark of American Express Company Interac is a registered trademark of Interac Inc. * Visa Int./CIBC lic. User Registered trademark of Aeroplan Canada Inc., CIBC is an authorized licensee of the mark. CIBC Private Wealth Management is a registered trademark of CIBC, and consists of services provided by CIBC and its subsidiaries. CIBC World Markets Inc. is a wholly-owned subsidiary of Canadian Imperial Bank of Commerce and part of Canadian Imperial Bank of Commerce s wholesale banking arm which also includes other affiliates including: CIBC World Markets Corp., CIBC World Markets plc, CIBC World Markets Securities Ireland Limited, CIBC Australia Ltd, and CIBC World Markets (Japan) Inc. CIBC Global Asset Management Inc. operates under the brand name of CIBC Asset Management and is a member of the CIBC Group of Companies. CIBC and its subsidiaries provide services in those jurisdictions in which CIBC or the particular subsidiary is licensed or permitted to conduct business. CIBC Wealth Advisory Services are provided by CIBC Private Investment Counsel Inc. Our Wealth Advisors and Financial Planners provide general information on certain tax, insurance and estate planning matters; they do not provide tax and tax compliance advice (including tax return preparation), accounting services, legal advice or actuarial services. Please consult your personal tax advisor, accountant, actuary, licensed insurance professional and qualified legal advisor to obtain specialized advice tailored to your needs. CIBC Private Investment Counsel Inc. provides discretionary investment management services. CIBC Financial Planning is part of CIBC Investor Services Inc. ( CIBC ISI ), a subsidiary of CIBC and a Member of the Canadian Investor Protection Fund and Investment Industry Regulatory Organization of Canada. CIBC ISI provides investment and brokerage products and services. CIBC Asset Management is a registered trademark of Canadian Imperial Bank of Commerce CIBC Asset Management Inc. licensee. CIBC Private Wealth Management subsidiaries outside of Canada and the United States are not licensed to provide trust, investment advisory, loan or brokerage services in Canada or the United States. In addition to such advice as customers may take in the jurisdiction of the CIBC company with which they are dealing, customers who have connections with other jurisdictions through factors such as residence, domicile, location of permanent establishment or citizenship, should seek experienced legal, financial and tax advice as to the consequences in those jurisdictions of utilizing the services described in this brochure. There are a maximum number of commission-free trades allowed each year, based on the value of your account. Trades and annual fees are prorated on an annualized basis. A standard trade fee applies to excess trades. A minimum household account balance of $100,000 is required. CIBC Mutual Funds offered by CIBC Securities Inc., a subsidiary of CIBC. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus carefully before investing. CIBC Mutual Funds are not covered by Canada Deposit Insurance Corporation or any other government deposit insurer, nor are they guaranteed by CIBC. Mutual fund values change frequently; past performance may not be repeated. CIBC Personal Portfolio Services is a discretionary investment management service provided by CIBC Trust Corporation, a subsidiary of CIBC, to individuals with household investable assets greater than $100,000. CIBC Wood Gundy will be responsible to CIBC Wood Gundy Investment Consulting Service clients for the advice provided by any Investment Manager. The ICS Program Manager, CIBC Asset Management Inc., is a subsidiary of CIBC. CIBC Wood Gundy is a division of CIBC World Markets, a subsidiary of CIBC and a Member of the Canadian Investor Protection Fund and Investment Industry Regulatory Organization of Canada. Insurance services are available through CIBC Wood Gundy Financial Services Inc. In Quebec, insurance services are available through CIBC Wood Gundy Financial Services (Quebec) Inc. All CIBC Business Banking credit offers are subject to credit approval. Rate and limit will depend on assessment of application. Some conditions and restrictions apply. 11/11