RBC Managed Portfolios

Transcription

1 RBC Managed Portfolios

2 More than just an investment Whether it is building long-term wealth or generating a steady stream of cash flow from your savings, the RBC Managed Portfolios program is a sophisticated investment solution that delivers the crucial elements required to succeed in today s complex and fast-paced market environment. However, the program is about much more than just investing. It s about giving you the freedom and flexibility to lead the lifestyle you want, while enjoying the peace of mind that comes from knowing that your money is being managed according to your objectives. My life is about more than just numbers my investment program should be too. RBC GLOBAL ASSET MANAGEMENT

3 RBC Managed Portfolios 3 The RBC Managed Portfolios program is specifically designed for people who: > don t have the time, expertise or inclination to research the markets or manage their investments. > want to get maximum value for the investment fees they pay. > have trouble tracking their various investments. > want a company they can trust managing investments on their behalf. > have more than $100,000 to invest individually, or as a household. Benefits of being a client As a client in the RBC Managed Portfolios program, you will enjoy many benefits including: I don t have time to research the markets or monitor my investments every day. > Customized investment advice: A dedicated RBC Financial Planner works with you to clarify your goals and implement a strategy supported by regular reviews. > More time for you: Your investments are regularly monitored and rebalanced by RBC Asset Management so you can focus on other important aspects in your life, such as family, career or running a business. > Value for money: The program features a tiered-fee structure that reduces your fee rate as your household investments in the program grow. > Trusted investment management: RBC Asset Management oversees your investments. With over $90 billion* in personal assets under management, we are one of Canada s largest and most trusted investment managers. > Ongoing communications: You will receive detailed quarterly reporting, including personalized rates of return and performance commentaries so you can track your progress and know exactly how your money is being managed. * as of December 31, 2009

4 How the program works It starts with you and your RBC Financial Planner At the heart of the RBC Managed Portfolios program is the relationship between you and your RBC Financial Planner. Your planner works with you to gain an indepth understanding of your unique circumstances including your financial and lifestyle objectives, your risk tolerance and your investment time horizon. A plan is then developed and the appropriate investment profile is recommended for implementing your strategy. Whether you need a steady, predictable stream of cash flow from your portfolio or you want exposure to global growth opportunities, there s an investment profile that s right for you. Your RBC Financial Planner will meet with you at least annually to review your investments and ensure they remain appropriate given your circumstances. I want a dedicated person I can talk to about my investments. Professional management keeps your plan on track The road to financial success travels through ever-changing market conditions. On an ongoing basis, the asset allocation within each investment profile the mix of stocks, bonds and cash is reviewed and adjusted based on the current recommendations of the RBC Investment Strategy Committee (RISC). This group, led by Chief Investment Officer, Dan Chornous, is comprised of senior investment professionals from across RBC and meets regularly to analyze global macro-economic trends, develop risk assessments and identify emerging capital market opportunities. This highly disciplined team-based approach to global market research, portfolio construction and investment management ensures that your investment is consistently well positioned given current market conditions and our outlook for the economy and global capital markets. RBC GLOBAL ASSET MANAGEMENT

5 RBC Managed Portfolios 5 Our underlying strength Upon selecting the appropriate investment profile, your money is invested in RBC Private Pools. These are the building blocks of your portfolio. Although similar to mutual funds, the RBC Private Pools differ in that they are typically concentrated in fewer holdings, have higher minimum investment requirements and are only available to select RBC clients including those in the RBC Managed Portfolios program. Keeping you informed Ongoing communication is an integral part of the RBC Managed Portfolios program. In addition to the support you will receive from your RBC Financial Planner, your quarterly statement provides a personalized rate of return and a detailed summary of transactions. You will also receive a client newsletter that provides timely insight into what happened in the markets, the RBC Asset Management outlook for the economy and how your money is being managed. I want to feel confident that I ve made the right decision with my investments. Each year, clients with non-registered RBC Managed Portfolios accounts also receive a comprehensive tax package, which is designed to help make tax return preparation much easier.

6 Recognizing the value of your relationship Investment management fees are based on a tiered-fee structure, meaning that the percentage fee you pay decreases as your total investments in the program grow. In addition to the convenience of having your investments under one roof, the total size of your family relationship is acknowledged by this householding of assets when calculating fees (household assets include RBC Managed Portfolios accounts at the same address that are held by you, your spouse, children or even your personal holding company). The example below highlights how you benefit from this arrangement. RBC Managed Portfolios Fee Schedule I want to know that I m getting value for the fees I m paying. Tiered Fees (%) $150 $250 $400 $500 $750 $1,000 $1,500 $2,000 Portfolio Size ( 000s) RBC Managed Portfolios balanced investment profile % Fee Average balanced mutual fund management expense ratio (MER)* * Morningstar as of December 31, 2009 RBC GLOBAL ASSET MANAGEMENT

7 RBC Managed Portfolios 7 A comprehensive wealth management program From developing a customized plan to ensuring your investment is consistently well positioned and keeping you informed about how your money is being managed, your RBC Financial Planner and RBC Asset Management work together to deliver a comprehensive investment experience built around your goals at all stages of the program. You need an investment solution that: > saves you time > saves you money in the long run > is easy to understand > gives you the flexibility to live life, your way Your RBC Financial Planner works with you to: > understand your needs > develop a customized financial plan > review your investments at least annually RBC Asset Management looks after: > portfolio construction > ongoing monitoring of capital markets > regular rebalancing of the asset mix in each profile > tactical adjustments based on the outlook of the RBC Investment Strategy Committee The RBC Managed Portfolios give you more In today s complex and ever-changing investment environment, the personal attention, professional management and excellent value for money that you will enjoy as a client in the RBC Managed Portfolios program gives you the freedom to pursue the lifestyle you want while remaining confident that your portfolio is getting the attention it deserves.

8 To learn more about the RBC Managed Portfolios program, talk to your RBC Financial Planner or visit our website at If you don t have a Financial Planner, visit your local RBC Royal Bank branch or call FUND (3863) to talk to an RBC representative. The RBC Managed Portfolios program is managed by RBC Asset Management Inc. and distributed through Royal Mutual Funds Inc. Investors pay a monthly fee to Royal Mutual Funds Inc. based on the net asset value of the investor s account. A portion of the monthly fee is paid to RBC Asset Management Inc. No management fees are charged by RBC Asset Management Inc. to the RBC Private Pools in respect of the program and no sales charges or trailing commissions are payable by investors in connection with any purchases, redemptions or switches in the program. Please read the account agreement and supporting documents, and the prospectus of the participating RBC Private Pools before investing in the RBC Managed Portfolios program. RBC Managed Portfolios and RBC Private Pools are not guaranteed, their values change frequently and past performance may not be repeated. RBC Global Asset Management (RBC GAM) comprises RBC Asset Management Inc., Phillips, Hager & North Investment Management Ltd. and RBC Global Asset Management (U.S.) Inc., which are separate legal entities owned by Royal Bank of Canada. Registered trademark of Royal Bank of Canada. RBC Global Asset Management is a trademark of Royal Bank of Canada. Used under licence. RBC Asset Management Inc (01/2010)