Why Evolution Private Managed Accounts?

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Why Evolution Private Managed Accounts?"

Transcription

1 Advisor Guide

2

3 Why Evolution Private Managed Accounts? Be empowered by an innovative solution tailor-made for your clients. Experience holistic wealth management customized to meet your clients needs today and as they evolve. Experience EVOLUTION.

4 The Evolution advantage: enhanced portfolios and practice management efficiency Comprehensive research and a disciplined investment approach State Street Global Advisors (SSGA) provides comprehensive forward-looking return expectation research and portfolio recommendations. CI Multi-Asset Management uses SSGA s research and recommendations to construct the portfolios, and selects the best managers for each asset class. Actively managed strategic asset allocation portfolios designed to capture evolving market and economic opportunities. Multiple investment strategies Personalized investment strategies may be applied to portfolio solutions and remain actively managed. Premier portfolio management Access to award-winning money managers, including Signature Global Asset Management, Harbour Advisors and Cambridge Global Asset Management, through an industry leader CI Investments. 2

5 Competitive fee structure Pricing options to accommodate high net worth portfolios. Tax-efficient investing Tax-efficient investment processes. Corporate Class structure distributes only the most tax-efficient forms of income and is designed to minimize annual dividends. Tax-efficient source of stable monthly cash flow with T-Class option. Consolidated simplified reporting Comprehensive Investment Policy Statement. Quarterly statements consolidated at the family group level. Annual detailed tax packages. Wealth planning support Financial and estate planning for clients. Regional wealth planning support with over $1 million of assets. 3

6 State Street Global Advisors: recommendations and research with global reach Evolution s efficient strategic asset allocation portfolios are crafted to capture evolving market opportunities. The considerable asset mix research and recommendations of SSGA and its Investment Solutions Group are carefully blended with the portfolio construction expertise of CI Multi-Asset Management. State Street stays on top of more than 100 global markets With US$2 trillion* in assets under management, 27 offices worldwide and more than 2,500 employees, State Street Global Advisors is one of the largest investment management companies in the world and operates in more than 100 global markets. *As of June 30,

7 State Street Global Advisors: asset allocation specialists SSGA and its Investment Solutions Group are asset allocation experts. They calculate portfolio mixes that offer the highest return for each level of risk. The key inputs into this process are their long-term asset class forecasts for risk, return and correlation. Their risk and correlation estimates rely heavily on analyzing historical data spanning numerous market environments. Historical findings and relationships are further adjusted for any sustainable changes observed within current market environments in order to establish a forward-looking assessment. SSGA s total return estimates are generated through a combined assessment of current valuation measures, corporate earnings, economic growth, inflation forecasts, and historical risk premiums for the various asset classes. CI Multi-Asset Management uses this research and these recommendations as the basis for designing, developing and constructing the Evolution portfolios. Efficient Portfolios High Risk/High Return RETURN Low Risk/Low Return Portfolios below the curve are not efficient because for the same risk one could achieve a greater expected return. VOLATILITY Under our approach, active management decisions keep all portfolios on the ever-shifting efficient frontier. The objective is to outperform the reference benchmark for any given level of risk. 5

8 CI Multi-Asset Management builds the portfolios CI Multi-Asset Management is an in-house group of professionals who believe effective portfolio construction is driven by asset allocations that are strategic and forward looking. This provides opportunities to capture maximum return for a given level of risk, and recognizes that investment opportunities and risks change over time. Also, each asset class should be diversified by style so that returns are not dependent on one investment approach. Finally, portfolio managers should be selected because they are the best for that asset class or style. The CI Multi-Asset Management team is responsible for choosing the portfolio managers, ongoing due diligence and overall program management. The team s proprietary program for the monitoring of managers, as well as its portfolio-building techniques, incorporate a best practices approach to ensure the managers adhere to their investment mandates over time. The team oversees $35 billion of assets (as of June 30, 2016) in various managed solution programs for clients of CI Investments. High-quality securities Monitoring & risk control Manager selection Efficient asset allocation Diversification Client portfolios 6

9 A disciplined investment process designed to achieve results 1. Review State Street Global Advisors recommendations to see if any adjustments to the asset allocations are required so there are no unintended duplications between managers, or inappropriate sector, country or currency exposures. We favour managers who excel at security selection and are not afraid to differentiate their portfolios from the benchmark index. Also, managers of each mandate are given discretion to create their own portfolio that may be concentrated and benchmark agnostic, attributes that we believe add value. 2. Select each manager using our proprietary program, based on: Proven philosophy and process Resources that include team dynamics and experience Historical track record How they complement each other and add value to the overall program. Capital Markets Research Asset Allocation Portfolio Strategy Manager Selection Implementation/ Trading Review and Control 7

10 Portfolio solutions for any investor Strategic asset allocation is used to create optimized portfolios that are actively managed. Evolution is a comprehensive platform, incorporating portfolios that: Accommodate any level of risk tolerance Are located on an efficient frontier Apply investment strategies that satisfy clients unique needs. RETURN Income focus VOLATILITY Equity focus 8

11 Diversification: maximum potential in all market cycles Every asset class has distinct characteristics and will perform differently in response to market changes but it s difficult to predict which will outperform. To reduce risk, careful consideration must be given to the asset mix of a portfolio to avoid putting too much reliance on any one asset type. This chart shows calendar year returns for seven broad-based asset classes (in Canadian dollars) and how their relative performance has varied over time Best 38.37% 56.56% 10.23% 8.83% 8.72% 42.71% 16.70% 30.16% 32.98% 19.13% 6.40% 75.10% 38.53% 9.66% 15.60% 48.54% 24.34% 21.0% 29.48% 31.69% 7.41% 8.09% -0.91% 28.89% 14.47% 24.11% 27.24% 9.82% % 54.65% 20.34% 4.30% 14.89% 41.66% 14.72% 18.8% Asset Class Performance 9.20% 20.28% 7.32% 3.67% -7.16% 26.74% 14.13% 19.69% 18.68% 3.67% % 35.05% 17.61% -2.12% 13.38% 31.93% 10.55% 14.0% 4.84% 19.76% 0.47% 3.45% % 21.46% 11.84% 10.30% 17.25% 2.01% % 14.44% 13.08% -8.71% 13.04% 12.99% 8.79% 3.5% -1.59% 14.07% -5.81% -6.40% % 14.78% 9.64% 6.47% 16.63% -4.87% % 9.88% 9.16% -9.84% 7.19% 7.76% 7.38% 1.9% % 13.87% % % % 6.70% 7.13% 1.48% 16.13% % % 9.24% 6.74% % 3.60% 4.58% 4.46% - 8.3% Worst % -1.14% % % % 6.14% 2.74% 1.16% 4.04% % % 5.42% 2.65% % 2.46% -1.19% -0.09% -17.5% Source: Bloomberg International Equities MSCI EAFE Index U.S. Equities S&P 500 Composite Total Return Index Emerging Market Equities MSCI Emerging Markets Free Index Canadian Bonds FTSE TMX Universe Bond Total Return Index U.S. Small Cap Russell 2000 Index Canadian Equities S&P/TSX Composite Index Canadian Small Cap. BMO Nesbitt Burns Cdn Small-Cap Index 9

12 Maintaining diversification while minimizing risk Portfolio rebalancing Over time, as different asset classes perform at different rates, portfolios deviate from the original asset allocation. Portfolios will be rebalanced to keep within the guidelines set out in the customized Investment Policy Statement for each investor. Ongoing decision-making by the investment managers Constant review and management of the investment securities within each portfolio. Anticipate and quickly respond to changing market conditions with their day-to-day tactical actions to capture opportunities and minimize risk. Target Mix 40i60e 40% 22% 20% 18% Income and Real Estate Canadian Equity U.S. Equity International Equity Scenario: Market Fluctuations This results in the portfolio being rebalanced back to Target 28% 22% Income and Real Estate Canadian Equity 40% 22% Income and Real Estate Canadian Equity 20% U.S. Equity 20% U.S. Equity 30% International Equity 18% International Equity 10

13 Annual portfolio review: actively managed strategic asset allocation We regularly review the portfolios and the overall asset mixes and make use of ongoing support from SSGA as we implement our active management strategy. If required, portfolios are adjusted as market conditions change to ensure they remain efficient because as markets change, so should your clients portfolios. This ensures that your clients continue to fully participate in the upside of the market while remaining within their risk comfort zone. Changes as a result of the active management* through our annual portfolio review are applied automatically, which means your clients never have to worry about portfolios straying off course or having to decide which individual investments to buy or sell as markets change. Ensuring portfolios stay on the efficient frontier Revised Frontier Efficient Frontier Revised Portfolio Original Frontier Portfolio Original Portfolio RETURN RETURN VOLATILITY VOLATILITY The charts show a change to the efficient frontier where returns are revised for the same level of risk. Certain asset classes with the potential for higher returns have become less volatile, allowing more exposure to these asset classes, without altering the level of risk. As such, actively modifying the portfolio keeps it in tune with the current investment environment. * Active management is subject to certain restrictions. 11

14 Multiple investment strategies: apply five levels of personalization Once the base portfolio is created, Evolution allows you to incorporate personal investment strategies, all with the confidence of knowing that we will still actively manage the portfolio, keeping your client s individual investment strategy on track. After assessing your client s particular objectives, you can apply any of the following five strategies: Every client has needs or preferences that differ from one another; that s why Evolution is built with the flexibility to apply five investment strategies that allow infinite combinations of custom portfolios to meet any objective Geographic Style Alpha Currency Portfolio Manager 12

15 Geographic allocation Diversifies equities across geographic regions by applying a standard, Canadian or global focus. Standard allocation provides balanced exposure to the markets Global focus offers greater exposure to consumer discretionary and consumer staples, information technology and telecommunication sectors. Canadian focus increases exposure to the energy and material sectors 1 Geographic Style Alpha Currency Portfolio Manager Investment management style Different styles tend to shine in different economic environments. The broad range of available mandates through Evolution can accommodate any investor. Blend of 60% Value, 40% Growth is the default allocation 100% Value style is also available, or Customize any balance between value and growth styles. 2 Geographic Style Alpha Currency Portfolio Manager 13

16 Multiple investment strategies: (continued) Alpha investing Evolution offers concentrated equity portfolios that invest in select portfolio managers best ideas, with a focus on absolute returns and reducing risk. Incorporate alpha mandates to access portfolios not directly correlated to any benchmark. Managers have been selected based on their proven track record to outperform the benchmark. Mandates available in Canadian, U.S. and international equities. 3 Geographic Style Alpha Currency Portfolio Manager Currency hedging Achieve global equity diversification and minimize portfolio risk with reduced exposure to currency fluctuations. In addition to the standard dynamic currency hedging program employed for the United U.S. equity mandates and the U.S. exposure of the United real estate investment mandates, 100% currency hedging strategies are available for United s U.S. equity value and international equity value mandates. Geographic Style Alpha Currency Portfolio Manager 4 14

17 Portfolio management preferences Evolution offers a broad selection of award-winning portfolio managers, allowing for the utmost flexibility in meeting your clients objectives with over 50 mandates. The portfolios are built with recommended funds based on the previous four strategies, but a portion or all of a fund can be replaced with any other fund within the same asset class, allowing you to create a more tailored style mix for your client. Alternatively, you can use a fund that falls outside of the asset class, with certain restrictions, if you would like to customize the overall asset mix of the portfolio*. Geographic Style Alpha Currency Portfolio Manager 5 * While all asset mixes are rebalanced on an ongoing basis, selecting a fund that is outside of the asset class may limit our ability to actively manage the asset mix. 15

18 Separately Managed Accounts Add stability to your portfolio using separately managed strategies Evolution provides for additional flexibility in meeting your financial goals through the use of separately managed accounts. The account is held outside of your long-term portfolio and is focused on cash and income investments. This structure allows you to: Add stability to your retirement strategy by using the cash account for withdrawals during market declines, which maintains the growth potential of the long-term portfolio. Withdrawals during a down market can have an outsized impact on the value of a portfolio and reduce its expected lifespan. This is because the portfolio has less time to recover during retirement, while more units have to be sold to generate the same cash withdrawal. Use a dollar cost averaging strategy, in which regular investments are made into the long-term portfolio over time rather than investing in one lump sum. During periods of volatility, this strategy may result in purchases being made at lower average prices. Have access to CI U.S. Income US$ Pool a true U.S. dollar mandate. This options gives you direct exposure to U.S. dollar-denominated securities by investing primarily in a diversified portfolio of income-generating assets domiciled in the U.S. Incorporate both short-term savings goals and long-term objectives into one investment program. 16

19 G5 20 in Evolution G5 20 Series uses an innovative approach in which advanced risk management and investment strategies are focused on the goal of generating a stable retirement cash flow and maximizing the value of the investment. A guaranteed cash flow solution offering: Clients can refine their investment strategy by allocating a portion of the managed portfolio to G5 20 in the separately managed account which allows for an additional constant stream of income. Regardless of how market volatility affects the managed account portion of the overall portfolio, a guaranteed stream of income will still be available. 5% guaranteed cash flows for 20 years, backed by Bank of Montreal and the guaranteed asset value is reviewed periodically to lock in a portion of market gains to increase the guaranteed cash flow Flexible investment mandate provides downside protection in bear markets and takes advantage of opportunities in bull markets Tax-efficient cash flow for non-registered accounts (payments are substantially characterized as return of capital) The choice to select between taking income immediately by selecting G5 20i or to start taking income five years after their initial investment in G5 20 By investing in G5 20 series you can refine your investment strategy with a guaranteed income stream solution in addition to your managed portfolio. 17

20 Access to unparalleled portfolio management We use in-house and external managers based on their proven track record in their areas of expertise. 18

21 We use in-house and external managers based on their proven track record in their areas of expertise. The performance of Evolution s portfolio management teams has been recognized through 31 Morningstar Awards over the past 10 years and 56 Lipper Fund Awards since Signature Global Asset Management s Morningstar Awards include the prestigious Morningstar Fund Manager of the Decade in 2010, and Morningstar Equity Fund Manager of the Year in 2009, won by Eric Bushell, Chief Investment Officer. CI Multi-Asset Management won Morningstar s award for Best Fund of Funds program in 2011, 2012 and The following portfolio management teams have won fund-specific categories from Morningstar and Lipper: Signature Global Asset Management CI Multi-Asset Management Cambridge Global Asset Management Harbour Advisors Black Creek Investment Management Altrinsic Global Advisors Epoch Investment Partners Picton Mahoney Asset Management QV Investors 19

22 Tax-effective investing To minimize taxes, we manage assets differently than other firms. 1. Mandates are managed across family accounts All registered and non-registered accounts are viewed as a single portfolio, allowing us to strategically allocate investments for the greatest tax efficiency. Investments are allocated across family accounts to take advantage of tax-sheltered registered plans and members with lower tax rates. 2. Corporate Class: tax efficiency for non-registered assets Corporate Class mutual funds are structured as shares of a corporation rather than the traditional mutual fund trust. The Corporate Class structure distributes only the most tex-efficient forms of income and is designed to minimize annual distributions. 20

23 T-Class: flexible tax-efficient cash flow Evolution offers a flexible T-Class option, providing a solution for investors seeking sustainable and tax-efficient cash flow without sacrificing the potential for growth. T-Class provides regular monthly payments while minimizing the pain of taxation since distributions are classified as return of capital (ROC). The annual payout can be customized to a specific dollar amount or a specific percentage between 0.25% and 8%*. This chart compares the net amount a client can expect to receive of $10,000 worth of cash flow, depending on how it s generated. ROC distributions reduce the adjusted cost base (ACB). Over time, the ACB may fall to zero, in which case the T-Class payments will be treated as capital gains which are still taxed at favourable rates. Please note that T-Class may pay taxable annual dividends. The difference in the after-tax value of $10,000 in income from interest, dividends, capital gains and return of capital* $7,300 $7,800 $10,000 After-tax amount Taxes paid $5,500 $4,500 $2,700 $2,200 Interest Income Dividend Income Capital Gains Return of Capital *Assumes a tax rate of 45% on interest income, 27% on dividend income and 22% on capital gains. Tax rates based on an average of the highest combined federal and provincial personal income tax rates. * The actual payout (which cannot exceed 8%) may vary from year to year since it is based on the fund s net asset value per unit at the beginning of the year. 21

24 Competitive fee structures Investors can t control the markets or performance of portfolios, but they can control what they pay to invest. Evolution offers a fee schedule that gives individual investors a competitive pricing process. Two pricing options are available: Tiered pricing (Class I) - Ideal for larger accounts given the progressive pricing - Ideal for non-registered assets given the potential for tax-deductibility of the fees Embedded fee option (Classes E and A) - Ideal for registered accounts in IPs between $250,000* and $500,000, given the pricing is equivalent to the second Class I tier Combine both options if your client has both non-registered and registered accounts. * Assets that do not meet the $250,000 minimum, but are over $100,000 may be charged an additional fee to access the Evolution services. 22

25 Class I (Includes management and administration fees) The Class I option ensures that pricing is applied progressively to larger asset bases. Assets (Determined by the Class I assets in the Investment Policy Group) Money Market Domestic/U.S. Income Fee Classification Global Income Canadian Equity Foreign Equity REIT / Gold / Emerging Markets Tier 1 ($250,000 $500,000) 0.70% 0.85% 1.25% 1.25% 1.25% 1.35% Tier 2 ($500,001 $1,000,000) 0.65% 0.80% 1.10% 1.10% 1.10% 1.20% Tier 3 ($1,000,001 $3,000,000) 0.60% 0.75% 1.05% 1.00% 1.05% 1.15% Tier 4 ($3,000,001 $5,000,000) 0.55% 0.65% 0.85% 0.80% 0.85% 0.95% Tier 5 ($5,000,001 $10,000,000) 0.50% 0.60% 0.75% 0.70% 0.75% 0.85% Tier 6 (Over $10,000,000) Negotiable Class I Account Agreement Fees are billed and redeemed quarterly based on daily net asset value of the account(s). The Investment Advisory Fee range is 0% to 1.25%. The fees indicated above are before the Investment Advisory Fee and applicable taxes. Class E (Embedded Series) The Class E option is set up so that all regular fees are included in the daily net asset valuation. Fee Ranges Fee Classification Management Fee Administration Fee Money Market 1.00% Domestic/U.S. Income 1.25% 1.75% 0.17% 0.20% Global Income 1.75% 0.18% Canadian Equity 1.90% 2.00% 0.20% Foreign Equity 1.90% 2.25% 0.21% 0.22% REIT / Gold / Emerging Markets 1.90% 2.25% 0.22% 0.28% To calculate total fees of a portfolio, management fees, administration fees and any applicable taxes must be applied to each mandate. The embedded management fee includes a 1.00% trailing commission for ISC, 0.5% for DSC, 0.65% for IDSC and 0.50% for LL units. * Assets that do not meet the minimum but are over $100,000 may be charged an additional fee of 0.15% for Class I and 0.35% for Class E to access the Evolution services. 23

26 Evolution simplifies risk management, reporting and tax preparation Evolution Private Managed Accounts includes an Investment Policy Statement, portfolio analytics, quarterly statements and an annual tax package. Investment Policy Statement (IPS) The Evolution IPS offers your clients a comprehensive overview of their Evolution portfolio and investment plan, displaying the following: Their responses to their Investment Profile Questionnaire Customized portfolio, including specific fund targets Portfolio analytics Our portfolio analytics provides you with historical and positioning information for any Evolution portfolio, as follows: Country weighting Historical portfolio returns including requested cash flow per year Periodic rolling returns, and Fund correlation matrix. Evolution s tax optimization process, including the benefits of Corporate Class, and Return expectations. 24

27 Quarterly statements We produce a consolidated statement at the end of each quarter that consolidates all accounts within an Investment Policy Group. This displays the market values of each account, transactions and the overall asset mix. Annual tax package Our annual tax package offers simplicity and comprehensive reporting for your clients non-registered accounts, by providing information on: Capital gains and losses T5 showing dividend income or capital gains, if there have been any Corporate Class dividends Fees charged to the account, if the client holds Class I shares (and may therefore benefit from tax deductibility). 25

28 Evolution offers you powerful wealth planning support In order to provide you with flexibility and efficiency to both meet your clients needs and provide easy integration into your practice, Evolution offers you access to wealth planning, depending on the asset level: At $250,000 the Financial Plan and the Estate Plan These two plans are questionnaire-driven and can be completed separately or together by you and your client. Once the questionnaire is submitted, our team of financial planning professionals, and lawyers work on a customized plan based on your client s circumstances. Financial Plan The Financial Plan focuses on providing answers to clients questions about their financial goals and objectives: What do they have today? Will it be enough to meet their needs? What happens if things change, how much more or less can they spend? What is the likelihood of the outcome? (probability analysis, included at your request) The Financial Plan is also designed to offer the option of including a section that will help you to identify insurance needs and opportunities, addressing questions regarding death, disability or critical illness. 26

29 Estate Plan The Estate Plan addresses the following client concerns: Outlines current circumstances regarding your client s intentions for distribution of assets, and calculate projected tax liability on death Consideration of tax-efficient plans for distribution of assets Recommendations for the will to ensure it reflects the client s wishes and is structured in a tax-efficient manner Recommendations for beneficiary designations for retirement plans, insurance policies and tax-free savings accounts Recommendations for powers of attorney for property, financial and health care decisions. At $1,000,000 our Regional Wealth Planners can help you gather and present the Financial Plan and Estate Plan 27

30 Evolution Private Managed Accounts: Quick facts Minimum $250,000* initial investment (across family accounts) with preferred pricing State Street Global Advisors research from markets across the globe forms the basis for our strategically allocated portfolios Portfolios are actively managed by CI Multi-Asset Management Award-winning portfolio managers Wide choice of investment mandates, including alpha mandates Dynamic currency management of the U.S. equity mandates Truly tax efficient on multiple levels allocation of investments and corporate class Easy-to-use advisor interface provides portfolio analytics and customized Investment Policy Statement Detailed reporting quarterly consolidated client reporting, annual tax packages Financial Plan and Estate Plan to assess overall financial situation and provide information on tax, financial and estate planning strategies Separately Managed Accounts and G5 20 in Evolution are also available as well Flexible fee options available in Class I and Embedded Series * Clients with investable assets above $100,000 may access the Evolution services for an additional fee. 28

31 The Evolution six-step process Define investment goals and risk tolerance Determine portfolio Apply investment strategies Implement IPS and account administration Ongoing portfolio support Wealth planning expertise Consider client s investment objectives, tolerance for risk and investment time horizon. Determine which of the nine model portfolios is appropriate for the client. Apply management or style preferences to ensure that the portfolio best suits client s needs. Portfolio analytics are available to support the investment decision. Apply the following investment strategies where applicable: Generate a customized Investment Policy Statement to reflect the client s profile and choices. Submit the order to Evolution Administration via an easy-to-use interface. We will continuously support Evolution portfolios through: periodic rebalancing, quarterly client statements and regular portfolio reviews conducted by CI Multi-Asset Management At $250,000 the Financial Plan and Estate Plan are available. At $1 million, our Regional Wealth Planners can help you gather data and present the Financial Plan and Estate Plan. 1. T-Class 2. Separately Managed 3. G5 20 in Evolution 29

32 Evolution Private Managed Accounts services are managed by CI Investments Inc. ( CII ), under the United Financial brand. CII 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. Evolution Private Managed Accounts are available exclusively through the advisors of Assante Capital Management Ltd. (member CIPF), Assante Financial Management Ltd. Commissions, trailing commissions, management fees and expenses may all be associated with investments in Evolution Private managed Accounts and the use of the Asset Management Service. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the United Funds prospectus and consult your advisor before investing. United Financial and the United Financial design and Signature Global Asset Management are trademarks of CI Investments Inc. CI Investments, the CI Investments design, Evolution, Cambridge, Harbour Advisors, Harbour Funds, Assante Wealth Management and design and Stonegate Private Counsel are registered trademarks of CI Investments Inc. CI INVESTMENTS 15 York Street, Second Floor Toronto, Ontario M5J 0A3 Telephone: Fax: (02/17)

Portrait Portfolio Funds

Portrait Portfolio Funds Investment Solutions Standard Life Mutual Funds Portrait Portfolio Funds A solution in their image For advisor use only. This document is not intended for public distribution. Expertise of a truly global

More information

Balanced Opportunities. CI Investment Solutions

Balanced Opportunities. CI Investment Solutions Balanced Opportunities CI Investment Solutions Portfolio Management Expertise Balanced Opportunities Given the volatility of recent years, many of your clients may be hesitant about investing in equity

More information

A client s guide to world-class money management

A client s guide to world-class money management A client s guide to world-class money management A sophisticated, comprehensive investment program as unique as you are. CI Private Investment Management Managing your wealth effectively means more than

More information

Paper-based Client Acknowledgement Form

Paper-based Client Acknowledgement Form Page 1 of 7 Client Acknowledgement Form Thank you for choosing Evolution Private Managed Accounts. Our program has been designed to provide efficiency and flexibility for high net worth investors. Evolution

More information

The Mechanics of Corporate Class

The Mechanics of Corporate Class The Mechanics of Corporate Class How Corporate Class works Whether your clients have investments in their corporate accounts, non-registered investments or both, the tax efficiency of their investments

More information

Maximize your clients income. CI Income Solutions

Maximize your clients income. CI Income Solutions Maximize your clients income CI Income Solutions Maximize your clients income with CI Today s investors may be facing low interest rates and a lack of yield but they aren t facing lack of choice to maximize

More information

SunWise Essential Bundles Overview

SunWise Essential Bundles Overview SunWise Essential Bundles Overview managed by CI Investments Inc. issued by Sun Life Assurance Company of Canada SunWise Essential Bundles 4. Providing a balanced investment involving specific funds, with

More information

Alphabet Soup. Understanding CI s fund classes

Alphabet Soup. Understanding CI s fund classes Alphabet Soup Understanding CI s fund classes CI Investments offers a broad range of investment fund classes to suit how you and your clients achieve their investment goals. You may prefer compensation

More information

Fund Codes - U.S. dollar mandates

Fund Codes - U.S. dollar mandates Fund codes s - U.S. dollar mandates Money Market Class O Class E Class EF CI Short-Term US$ Corporate Class 19168 17168 - Money Market CI U.S. US$ Pool 19099 17099 15299 * Lawrence Park Strategic Fund

More information

Symmetry Portfolios. Deep Pension-Style Expertise

Symmetry Portfolios. Deep Pension-Style Expertise Symmetry Portfolios Deep Pension-Style Expertise Investment Challenges Successful investing requires time, discipline, expertise, technical knowledge, risk management and market monitoring. 2 Markets Can

More information

Diversified Managed Allocations

Diversified Managed Allocations Diversified Managed Allocations Multi-strategy portfolios with a focus on flexibility Is this program right for you? DMA is designed for investors who: Want experienced, professional money managers to

More information

Franklin Bissett Strategic Income Fund A BALANCED AND VERSATILE APPROACH TO INCOME

Franklin Bissett Strategic Income Fund A BALANCED AND VERSATILE APPROACH TO INCOME Franklin Bissett Strategic Income Fund A BALANCED AND VERSATILE APPROACH TO INCOME Franklin Templeton Investments Gain From Our Perspective At Franklin Templeton Investments, we re dedicated to one goal:

More information

GOALS-BASED SHORT TERM PORTFOLIO Investment Policy Statement

GOALS-BASED SHORT TERM PORTFOLIO Investment Policy Statement GOALS-BASED SHORT TERM PORTFOLIO Investment Policy Statement The purpose of this document The purpose of this investment policy statement is to provide a framework for your investment plan. Through it

More information

Voya Target Retirement Fund Series

Voya Target Retirement Fund Series Voya Target Retirement Fund Series The Target Date Choice to Help Keep Retirement Goals on Track Holistic Retirement Solution Sophisticated Glide Path Design Open Architecture Approach Blend of Active

More information

Managed Portfolio Solutions: Finding clarity in a complex investment landscape

Managed Portfolio Solutions: Finding clarity in a complex investment landscape Managed Portfolio Solutions: Finding clarity in a complex investment landscape Most people invest to fulfill important goals such as buying a home funding a child s education, starting a business, purchasing

More information

2016 Annual Management Report of Fund Performance

2016 Annual Management Report of Fund Performance (the Fund ) For the 12-month period ended September 30, 2016 (the Period ) Manager: BMO Investments Inc. (the Manager or BMOII ) Portfolio manager: BMO Asset Management Inc., Toronto, Ontario (the portfolio

More information

Long-term investment options with universal life insurance

Long-term investment options with universal life insurance Long-term investment options with universal life insurance Universal life plans from ivari provide your clients with the long-term insurance protection they need and the investment options they want. Let

More information

Sun Life Financial Advisor Guide

Sun Life Financial Advisor Guide Sun Life Financial Advisor Guide managed by CI Investments Inc. issued by Sun Life Assurance Company of Canada SunWise Essential Series 2.............................. 1 Retirement risks.......................................

More information

ASSET ALLOCATION MADE EASY

ASSET ALLOCATION MADE EASY ASSET ALLOCATION MADE EASY REACHING YOUR GOALS AT YOUR PACE Most people can rattle off their investment goals: retirement, college tuition, a new house. That s easy. What s harder is successfully reaching

More information

DESIGNED FOR TODAY S AND TOMORROW S INVESTMENT CHALLENGES

DESIGNED FOR TODAY S AND TOMORROW S INVESTMENT CHALLENGES DESIGNED FOR TODAY S AND TOMORROW S INVESTMENT CHALLENGES PRUDENTIAL REAL ASSETS FUND EFFECTIVE JUNE 11, 2018, THE FUND S NEW NAME WILL BE PGIM REAL ASSETS FUND. FUND SYMBOLS WILL NOT CHANGE. Potential

More information

BMO Global Asset Management. Mutual Funds. Long-Term Investing. Stay invested and realize your goals

BMO Global Asset Management. Mutual Funds. Long-Term Investing. Stay invested and realize your goals BMO Global Asset Management Mutual Funds Long-Term Investing Stay invested and realize your goals Focus on the BIG picture choosing the right investments Investors have different investment goals. Whatever

More information

Diversified Growth Funds IIES 2017

Diversified Growth Funds IIES 2017 Diversified Growth Funds IIES 2017 Agenda Background Overview of Diversified Growth Funds (DGFs) DGF Example & Comparison Appendix 1 Background A Challenging Environment Has Led to New Investor Realities

More information

Schwab Indexed Retirement Trust Fund 2040

Schwab Indexed Retirement Trust Fund 2040 Fund Facts Trustee Fund Type Charles Schwab Bank Collective Trust Fund Category Target Date 2036-2040 Benchmark 2040 Custom Index 1 Unit Class Inception Date Fund Inception Date 1/5/2009 Net Asset Value

More information

DYNAMIC ishares ACTIVE ETFs. Innovative. Forward-thinking. Relevant. ADVISOR USE ONLY

DYNAMIC ishares ACTIVE ETFs. Innovative. Forward-thinking. Relevant. ADVISOR USE ONLY DYNAMIC ishares ACTIVE ETFs Innovative. Forward-thinking. Relevant. ADVISOR USE ONLY AN OPPORTUNITY FOR ACTIVE MANAGEMENT IN A GROWING MARKET Favoured for their competitive pricing and ease of trading,

More information

AMENDMENT NO. 1 DATED NOVEMBER 10, 2017 TO THE SIMPLIFIED PROSPECTUS DATED APRIL 24, (the Prospectus ) in respect of:

AMENDMENT NO. 1 DATED NOVEMBER 10, 2017 TO THE SIMPLIFIED PROSPECTUS DATED APRIL 24, (the Prospectus ) in respect of: AMENDMENT NO. 1 DATED NOVEMBER 10, 2017 TO THE SIMPLIFIED PROSPECTUS DATED APRIL 24, 2017 (the Prospectus ) in respect of: BMO Money Market Fund (series A, F, D, I, M and Advisor Series) BMO Core Bond

More information

Investment Policy Statement

Investment Policy Statement Investment Policy Statement Prepared on: February 04, 2013 Prepared for: Sample Personal Trust 567 Main Street Pittsburgh PA 15222 Executive Summary Client Name: Sample Personal Trust Client Type: Personal

More information

Additional series available. Morningstar TM Rating. Funds in category. Equity style Market cap %

Additional series available. Morningstar TM Rating. Funds in category. Equity style Market cap % Sun Life BlackRock Canadian Equity Fund Series A $13.5549 Net asset value per security (NAVPS) as of January 04, 2018 $0.0452 0.33% Benchmark S&P/TSX Capped Composite Index Fund category Canadian Focused

More information

401(k) Plan Highlights

401(k) Plan Highlights 401(k) Plan Highlights RETIREMENT & BENEFIT PLAN SERVICES HomeServices Retirement Savings Plan Congratulations! You are eligible to join the HomeServices Retirement Savings Plan (the Plan ). The Plan offers

More information

Statement of Investment Policies and Goals. Saskatchewan Pension Plan Contribution Fund. As of January 1, 2018

Statement of Investment Policies and Goals. Saskatchewan Pension Plan Contribution Fund. As of January 1, 2018 Statement of Investment Policies and Goals Saskatchewan Pension Plan Contribution Fund As of January 1, 2018 APPROVED on this 13 th day of December, 2017 Tim Calibaba, Chair on behalf of the Board of Trustees

More information

Discretionary Portfolio Management

Discretionary Portfolio Management Discretionary Portfolio Management DISCRETIONARY PORTFOLIO MANAGEMENT The fundamental premise of our discretionary portfolio approach is to define and communicate an investment strategy for each portfolio,

More information

TIAA-CREF advisor services TIAA-CREF AND ADVISORS:

TIAA-CREF advisor services TIAA-CREF AND ADVISORS: TIAA-CREF advisor services TIAA-CREF AND ADVISORS: Partnering for the Greater Good Helping you serve our shared clients WHILE GROWING your OWN Business Partnering for the Greater Good As a leading provider

More information

PACE. The mutual fund program that gives you personalized asset consulting and evaluation

PACE. The mutual fund program that gives you personalized asset consulting and evaluation ab PACE The mutual fund program that gives you personalized asset consulting and evaluation PACE is a non-discretionary mutual fund asset allocation program in which the ongoing advice of your UBS Financial

More information

Simplified Prospectus

Simplified Prospectus Simplified Prospectus April 24, 2017 BMO Security Funds BMO Money Market Fund (series A, F, I, M and Advisor Series) BMO Income Funds BMO Balanced Yield Plus ETF Portfolio (series A, T6, F, D, I and Advisor

More information

The rewards of artful investing

The rewards of artful investing The rewards of artful investing CUSTOM WEALTH ADVANTAGE MANAGED ACCOUNTS Investing is a collaborative art Artful investing begins with a personalized plan toward achieving and sustaining long-term growth;

More information

Additional series available. Morningstar TM Rating. Funds in category. Fixed income %

Additional series available. Morningstar TM Rating. Funds in category. Fixed income % Sun Life Granite Growth Portfolio Series A $13.8069 Net asset value per security (NAVPS) as of March 06, 2018 $0.0088 0.06% Benchmark Blended benchmark Fund category Global Equity Balanced Additional series

More information

Additional series available. Morningstar TM Rating. Funds in category. Equity style Market cap %

Additional series available. Morningstar TM Rating. Funds in category. Equity style Market cap % Sun Life MFS Dividend Income Fund Series A $13.3108 Net asset value per security (NAVPS) as of December 22, 2017 $-0.0115-0.09% Benchmark S&P/TSX Capped Composite Index Fund category Canadian Dividend

More information

2017 Annual Management Report of Fund Performance

2017 Annual Management Report of Fund Performance (the Fund ) For the 12-month period ended September 30, 2017 (the Period ) Manager: BMO Investments Inc. (the Manager or BMOII ) Portfolio manager: BMO Asset Management Inc., Toronto, Ontario (the portfolio

More information

Convertible bond investing Invesco s Convertible Securities Strategy

Convertible bond investing Invesco s Convertible Securities Strategy 1 Convertible bond investing Invesco s Convertible Securities Strategy Introduction to convertible bonds A primer Convertible securities provide investors the opportunity to participate in the upside of

More information

Amended as of January 1, 2018

Amended as of January 1, 2018 THE WALLACE FOUNDATION INVESTMENT POLICY Amended as of January 1, 2018 1. INVESTMENT GOAL The investment goal of The Wallace Foundation (the Foundation) is to earn a total return that will provide a steady

More information

INVESTMENT POLICY STATEMENT FOR. ABC Foundation

INVESTMENT POLICY STATEMENT FOR. ABC Foundation INVESTMENT POLICY STATEMENT FOR ABC Foundation PAGE 1 TABLE OF CONTENTS I. BACKGROUND... 3 II. PURPOSE OF INVESTMENT POLICY STATEMENT... 3 III. ROLES AND RESPONSIBILITIES...3 IV. INVESTMENT OBJECTIVES...

More information

Additional series available. Morningstar TM Rating. Funds in category. Fixed income % of fixed income allocation

Additional series available. Morningstar TM Rating. Funds in category. Fixed income % of fixed income allocation Sun Life Granite Balanced Portfolio Series A $13.1649 Net asset value per security (NAVPS) as of November 27, 2017 $-0.0102-0.08% Benchmark Blended benchmark Fund category Global Neutral Balanced Additional

More information

Additional series available. Morningstar TM Rating. Funds in category. Equity style Market cap %

Additional series available. Morningstar TM Rating. Funds in category. Equity style Market cap % Sun Life MFS Canadian Equity Growth Fund Series A $48.7284 Net asset value per security (NAVPS) as of February 12, 2018 $0.6295 1.31% Benchmark Blended benchmark Fund category Canadian Focused Equity Additional

More information

Churchill Management Group

Churchill Management Group hurchillmanagement hurchillmanagement Group hurchillmanagement Group ll Management Group hurchillmanagement G hurchillmanagement Group It is the mission of to build wealth for our Clients over the long

More information

Additional series available. Morningstar TM Rating. Funds in category. Fixed income %

Additional series available. Morningstar TM Rating. Funds in category. Fixed income % Sun Life Granite Conservative Portfolio Series A $11.2161 Net asset value per security (NAVPS) as of April 04, 2018 $0.0083 0.07% Benchmark Blended benchmark Fund category Global Fixed Income Balanced

More information

PNC Investments Client Schedule of Commissions & Fees

PNC Investments Client Schedule of Commissions & Fees PNC Investments Client Schedule of Commissions & Fees PNC Investments (PNCI) Financial Advisors 1 work closely with you, taking time to fully understand your current financial situation, establish and

More information

BUILDING INVESTMENT PORTFOLIOS WITH AN INNOVATIVE APPROACH

BUILDING INVESTMENT PORTFOLIOS WITH AN INNOVATIVE APPROACH BUILDING INVESTMENT PORTFOLIOS WITH AN INNOVATIVE APPROACH Asset Management Services ASSET MANAGEMENT SERVICES WE GO FURTHER When Bob James founded Raymond James in 1962, he established a tradition of

More information

SEC File Number Form ADV Part 2A

SEC File Number Form ADV Part 2A SEC File Number 801-28445 Form ADV Part 2A August 31, 2015 Form ADV, Part 2A is our Disclosure Brochure or Brochure as required by the Investment Advisers Act of 1940 and is a very important document to

More information

Income Investing basics

Income Investing basics Income Investing basics investment options that can offer income, growth, and diversification Key questions to consider: What are your income-oriented investment options? What is the role of income in

More information

Investment Management Philosophy

Investment Management Philosophy Investment Management Philosophy Executive Overview The investment marketplace has grown increasingly complex and unpredictable for individual investors. This reality may make it difficult for many people

More information

A dynamic approach to investing

A dynamic approach to investing Portfolio Stabilizer funds available with a RiverSource variable annuity A dynamic approach to investing Issued by RiverSource Life Insurance Company, and in New York by RiverSource Life Insurance Co.

More information

W EALTH MANAGEMENT T R US T

W EALTH MANAGEMENT T R US T W EALTH MANAGEMENT T R US T In association with First Hope Bank We believe there is no substitute for time spent with clients. AN OVERVIEW OF ALTAVISTA WEALTH MANAGEMENT Altavista Wealth Management, Inc.,

More information

BNY Mellon Global Real Return Fund

BNY Mellon Global Real Return Fund INVESTMENTS BNY Mellon Global Real Return Fund Introduction The main objective of investing is to increase wealth... Traditional investing is based on the assumption that your focus is on long-term return.

More information

W EALTH MANAGEMENT T R US T

W EALTH MANAGEMENT T R US T W EALTH MANAGEMENT T R US T In association with First Hope Bank We believe there is no substitute for time spent with clients. AN OVERVIEW OF ALTAVISTA WEALTH MANAGEMENT Altavista Wealth Management, Inc.,

More information

Strategic. Financial. Solutions. The Advantage of Personal Professional Money Management

Strategic. Financial. Solutions. The Advantage of Personal Professional Money Management Strategic Financial Solutions The Advantage of Personal Professional Money Management 2 S t r a t e g i c F i n a n c i a l S o l u t i o n s Having financial goals is one thing. Achieving them is another,

More information

Investing Handbook. Portfolio, Action & Research Team. Understanding the Three Major Asset Classes: Cash, Bonds and Stocks

Investing Handbook. Portfolio, Action & Research Team. Understanding the Three Major Asset Classes: Cash, Bonds and Stocks 2015 Portfolio, Action & Research Team Investing Handbook Understanding the Three Major Asset Classes: Cash, Bonds and Stocks Stéphane Rochon, CFA, Equity Strategist Tyler Hosie, CFA, Associate Analyst

More information

Building Portfolios with Active, Strategic Beta and Passive Strategies

Building Portfolios with Active, Strategic Beta and Passive Strategies Building Portfolios with Active, Strategic Beta and Passive Strategies It s a Question of Beliefs Issues to think about on the Active/Passive spectrum: How important are fees to you? Do you believe markets

More information

The case for professional financial advice

The case for professional financial advice The case for professional financial advice Professional financial advisors provide several services that may help the performance of a long-term financial program, and offer value to investors who might

More information

INVESTOR GUIDE MACKENZIE PRIVATE WEALTH COUNSEL

INVESTOR GUIDE MACKENZIE PRIVATE WEALTH COUNSEL INVESTOR GUIDE MACKENZIE PRIVATE WEALTH COUNSEL A complete wealth management service As a high net worth investor, we appreciate that you have complex needs. Mackenzie Private Wealth Counsel is dedicated

More information

Competitive, flexible pricing Fee Schedule Mutual Fund Mandates

Competitive, flexible pricing Fee Schedule Mutual Fund Mandates Competitive, flexible pricing Fee Schedule Mutual Fund Mandates Fee Schedule - Mutual Fund Mandates The management fee schedule is progressively tiered, with fee rebates or reductions available at various

More information

Voya Index Solution Portfolios

Voya Index Solution Portfolios Voya Index Solution Portfolios The Target-Date Choice to Help Keep Retirement Goals on Track Holistic Retirement Solution Sophisticated Glide Path Design Passively Managed Funds Not FDIC Insured May Lose

More information

For illustration purposes only. Report prepared for Mr. Albert Client and Mrs. Louise Client

For illustration purposes only. Report prepared for Mr. Albert Client and Mrs. Louise Client Report prepared for Mr. Albert Client and Mrs. Louise Client Prepared by Charles Q. Broker Advisor ABC Private Management Phone: 123-456-7890 E-mail: cqbroker@email.com Date: 12/30/2014 Charles Q. Broker

More information

UBS Financial Services Inc. Retirement Plan Asset Allocation Guide

UBS Financial Services Inc. Retirement Plan Asset Allocation Guide ab UBS Financial Services Inc. Retirement Plan Asset Allocation Guide Planning how to invest for your retirement may be one of the most important decisions you ll ever make. Asset allocation is a strategy

More information

Important information on BlackRock Strategic Completion Non- Lendable Fund

Important information on BlackRock Strategic Completion Non- Lendable Fund Important information on BlackRock Strategic Completion Non- Lendable Fund The information provided on the following pages has been provided by BlackRock Institutional Trust Company, N.A.. Neither TIAA

More information

Two ways to invest in your financial success

Two ways to invest in your financial success BMO InvestorLine Self-Directed and advicedirect Two ways to invest in your financial success BMO InvestorLine presents 2 unique solutions designed to help you take control of your investments. Ask yourself

More information

Relationship Disclosure (RD)

Relationship Disclosure (RD) BMO Wealth Management BMO Nesbitt Burns RDD-09/15-E Relationship Disclosure (RD) BMO Nesbitt Burns believes the best way to help you meet your investment goals is to work with your Investment Advisor to

More information

Fidelity Portfolio Advisory Service. Focused on you and your financial goals

Fidelity Portfolio Advisory Service. Focused on you and your financial goals Fidelity Portfolio Advisory Service Focused on you and your financial goals Let us take the weight of investing off your shoulders. A Fidelity Portfolio Advisory Service managed account can help take the

More information

CREATING CONDITIONS FOR SUCCESS CREATING CONDITIONS FOR SUCCESS 01

CREATING CONDITIONS FOR SUCCESS CREATING CONDITIONS FOR SUCCESS 01 CREATING CONDITIONS FOR SUCCESS CREATING CONDITIONS FOR SUCCESS 01 " Connor, Clark & Lunn Financial Group brings together the talents of diverse investment teams in a multi-boutique structure. Together,

More information

PGIM INVESTMENTS. And the investment managers that make a difference. PGIM Fixed Income QMA

PGIM INVESTMENTS. And the investment managers that make a difference. PGIM Fixed Income QMA PGIM INVESTMENTS Bringing you the investment managers of Prudential Financial, Inc. PGIM INVESTMENTS And the investment managers that make a difference PGIM Fixed Income Jennison Associates QMA PGIM REAL

More information

Alternative Investments

Alternative Investments Alternative Investments Tap into greater opportunity with Merrill Lynch 03 More choice. More opportunity. 04 Enhance your financial strategy. 05 Ways to access alternative investments. 06 The Merrill Lynch

More information

Investment Policy Statement and Spending Policy

Investment Policy Statement and Spending Policy Investment Policy Statement and Spending Policy Introduction The CSULB 49er Foundation has established an Investment Policy Statement ( IPS ) pursuant to the guidance provided under the Uniform Prudent

More information

Investor Profile Questionnaire

Investor Profile Questionnaire Investor Profile Questionnaire managed by CI Investments Inc. issued by Sun Life Assurance Company of Canada Investor Profile Questionnaire Making a wise investment choice is dependent on a proper and

More information

Alternative Investments

Alternative Investments Alternative Investments Tap into greater opportunity with U.S. Trust 03 Sophisticated solutions to help meet your needs. 04 Complete your financial strategy. 05 Ways to access alternative investments.

More information

An All-Cap Core Investment Approach

An All-Cap Core Investment Approach An All-Cap Core Investment Approach A White Paper by Manning & Napier www.manning-napier.com Unless otherwise noted, all figures are based in USD. 1 What is an All-Cap Core Approach An All-Cap Core investment

More information

Individual Asset Transfer

Individual Asset Transfer ADVISOR USE ONLY Individual Asset Transfer ADVISOR GUIDE Life s brighter under the sun INTRODUCTION If you type insurance as an asset class in your favourite internet search engine, you may be surprised

More information

Investor Guide RiverSource Strategic Allocation Fund

Investor Guide RiverSource Strategic Allocation Fund Investor Guide RiverSource Strategic Allocation Fund Professional asset allocation, disciplined investment approach. Insightful Solutions for Today s Investor. Your life shouldn t revolve around your investments.

More information

2017 Annual Management Report of Fund Performance

2017 Annual Management Report of Fund Performance (the Fund ) For the 12-month period ended September 30, (the Period ) Manager: BMO Investments Inc. (the Manager or BMOII ) Portfolio manager: BMO Asset Management Inc., Toronto, Ontario (the portfolio

More information

Franklin K2 Alternative Strategies Fund

Franklin K2 Alternative Strategies Fund Alternative FRANKLIN TEMPLETON INVESTMENT FUNDS Franklin K2 Alternative Strategies Fund A New Alternative for Today s Investor A New Alternative, a New Source of Returns Even with the subsequent recovery,

More information

Momentum Growth Optimiser

Momentum Growth Optimiser Momentum Growth Optimiser Your goal is our benchmark Trade Sheet December 2017 Momentum is proud to present the key terms and features of the Momentum Growth Optimiser, December 2017 tranche. The following

More information

q merrill edge guided investing strategy profile CIO Moderately Conservative ETF Core Tax Aware

q merrill edge guided investing strategy profile CIO Moderately Conservative ETF Core Tax Aware Overview This Strategy seeks to provide diversified exposure among three major asset classes for a client's account with a moderately conservative target asset allocation. In normal market conditions,

More information

UBS Financial Services Inc. Retirement Plan Asset Allocation Guide

UBS Financial Services Inc. Retirement Plan Asset Allocation Guide ab UBS Financial Services Inc. Retirement Plan Asset Allocation Guide Planning how to invest for your retirement may be one of the most important decisions you ll ever make. Asset allocation is a strategy

More information

Direxion/Wilshire Dynamic Asset Allocation Models Asset Management Tools Designed to Enhance Investment Flexibility

Direxion/Wilshire Dynamic Asset Allocation Models Asset Management Tools Designed to Enhance Investment Flexibility Daniel D. O Neill, President and Chief Investment Officer Direxion/Wilshire Dynamic Asset Allocation Models Asset Management Tools Designed to Enhance Investment Flexibility Executive Summary At Direxion

More information

Retirement Guide: Saving and Planning

Retirement Guide: Saving and Planning Retirement Guide: Saving and Planning It s Never Too Early to Start What You Need to Know About Saving for Retirement Many of us don t realize how much time we may spend in retirement. In fact, statistics

More information

CIBC Wood Gundy Recommended Funds

CIBC Wood Gundy Recommended Funds Investment Strategy Group Funds Research December 2015 Daniel Arsenault, CFA, FRM Director, Investment Funds CIBC Wood Gundy Recommended Mutual Funds Summary Recommended Funds - Equities ISG Funds Research

More information

Fidelity Global Growth Portfolio

Fidelity Global Growth Portfolio Fidelity Global Growth Portfolio Semi-Annual Management Report of Fund Performance Caution Regarding Forward-looking Statements Certain portions of this report, including, but not limited to, Results of

More information

What s in a Name: White-Label Funds in DC Plans

What s in a Name: White-Label Funds in DC Plans What s in a Name: White-Label Funds in DC Plans October 2014 Hewitt EnnisKnupp, An Aon Company 2014 Aon plc What s in a Name? That which we call a rose by any other name would smell as sweet. Much like

More information

Additional series available. Morningstar TM Rating. Funds in category 345. Equity style Market cap %

Additional series available. Morningstar TM Rating. Funds in category 345. Equity style Market cap % Sun Life MFS International Growth Fund Investment objective Series A $16.3429 Net asset value per security (NAVPS) as of April 03, 2018 $-0.2047-1.24% Benchmark MSCI EAFE C$ Index Fund category International

More information

STATEMENT OF INVESTMENT POLICY, OBJECTIVES AND GUIDELINES FOR MARYHILL MUSEUM OF ART FUNDS

STATEMENT OF INVESTMENT POLICY, OBJECTIVES AND GUIDELINES FOR MARYHILL MUSEUM OF ART FUNDS STATEMENT OF INVESTMENT POLICY, OBJECTIVES AND GUIDELINES FOR MARYHILL MUSEUM OF ART FUNDS SCOPE OF THIS INVESTMENT POLICY This statement of investment policy reflects the investment policy, objectives,

More information

Franklin Allocation Funds

Franklin Allocation Funds Asset Allocation Franklin s A TARGETED APPROACH TO ASSET ALLOCATION Franklin Templeton Investments At Franklin Templeton Investments, we re dedicated to one goal: delivering exceptional asset management

More information

Investment Guide. Explore new possibilities for diversified investing. MEMBERS Life Insurance Company

Investment Guide. Explore new possibilities for diversified investing. MEMBERS Life Insurance Company M E M B E R S H O R I Z O N Guide Explore new possibilities for diversified investing MEMBERS Life Insurance MHA-1449442 NOT FDIC/NCUA/NCUSIF INSURED NOT BANK OR CREDIT UNION GUARANTEED MAY LOSE VALUE

More information

Asset Allocation: A Strategy for Life

Asset Allocation: A Strategy for Life Asset Allocation: A Strategy for Life Today s Agenda Why asset allocation can be important Tools for asset allocation Determining your asset allocation Fine-tuning your strategy Why Is Asset Allocation

More information

Optimal Blends. Putting top money managers to work for your portfolio

Optimal Blends. Putting top money managers to work for your portfolio Optimal Blends Putting top money managers to work for your portfolio Optimal Blends Optimal Blends combine portfolios of varied money managers into single, diversified client portfolios/accounts based

More information

Working with Professional Advisors to

Working with Professional Advisors to Working with Professional Advisors to Deliver Integrated Wealth Management RBC Wealth Management Services RBC Wealth Management advisors have access to an internal team of specialists called RBC Wealth

More information

CalPERS 457 Plan Target Retirement Date Funds

CalPERS 457 Plan Target Retirement Date Funds Asset Allocation CalPERS 457 Plan Target Retirement Date s December 31, 2017 Overview Target Retirement Date s (the "" or "s") are a series of diversified funds, each of which has a predetermined underlying

More information

Invest now to help make your retirement dreams a reality

Invest now to help make your retirement dreams a reality Invest now to help make your retirement dreams a reality What s inside The sooner you start, the better off you ll be... 1 Chart your path to a comfortable retirement.... 2 Why Vanguard?... 5 Choose the

More information

All Asset and All Asset All Authority PIMCO All Asset Strategy

All Asset and All Asset All Authority PIMCO All Asset Strategy All Asset and All Asset All Authority PIMCO All Asset Strategy A highly differentiated and diversified tactical asset allocation strategy that combines the strengths of PIMCO and Research Affiliates two

More information

MANAGER SELECT. Exclusive Strategies for Unique Goals

MANAGER SELECT. Exclusive Strategies for Unique Goals MANAGER SELECT Exclusive Strategies for Unique Goals 2 MANAGER SELECT YOUR FINANCIAL SITUATION IS UNIQUE TO YOU You may have a variety of investment goals that range from capital preservation to accumulation

More information

F R A N K L I N T E M P L E T O N. FoundingFunds Strategy

F R A N K L I N T E M P L E T O N. FoundingFunds Strategy F R A N K L I N T E M P L E T O N FoundingFunds Strategy Franklin Templeton Investments Gain From Our Perspective Franklin Templeton s distinct multi-manager structure combines the specialized expertise

More information

World Index. One World. One Investment

World Index. One World. One Investment HSBC World Index Portfolios For professional clients only A range of Multi-Asset Passive Portfolios World Index. One World. One Investment We understand your business is changing The advisory market is

More information

Portfolio Select Series. Portfolio Review Second Quarter 2012

Portfolio Select Series. Portfolio Review Second Quarter 2012 Portfolio Select Series Portfolio Review Second Quarter 2012 Q2 Q2 3 Select Income Advantage Managed Portfolio 6 Select 80i20e Managed Portfolio 10 Select 70i30e Managed Portfolio 14 Select 60i40e Managed

More information

RBC Strategic Asset Allocation Models

RBC Strategic Asset Allocation Models Page 1 of 7 United States Traditional Fixed Income Only Last updated: March 218 Fixed Income Only The focus is capital preservation. The portfolio is only invested in fixed income asset classes. The investor

More information