So, What is it you do?

Sep 13, 2019 | Jason David Smith


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The idea is that high net worth individuals can benefit from a holistic approach in which a single manager coordinates, like a quarterback, all the services needed to manage money and plan for their own or their family's current and future needs.

Now, summer winds down into fall. A great golf tournament, a great AGM and a very welcoming board. It's been a full year with CAMM and at the tournament and the AGM I was asked "We're appreciative of your support but, what is it you do"? Which is a kind question and allows me to explain. But, perhaps I could explain a bit here.

Wealth management is ‘combining investment advisory services with many other financial strategies to address the needs of our affluent clients'.

We have no ‘product’ to sell. It is a multi-discipline, consultative process where we learn the client's wants and needs, collect information and then tailor a custom wealth management plan or road map.

As a Wealth Advisor I often coordinate the advice of several financial experts. As the country’s largest wealth management firm, we have a deep pool of wealth experts at your service. In addition, we work closely with your own key advisors such as accountants, controllers, lawyers, etc. to help execute your plan.

Wealth management is more than just simple investment advice, as it may encompass many parts of a person's financial life. Retirement, insurance planning, children's schooling, business succession planning, etc.

The idea is that high net worth individuals can benefit from a holistic approach in which a single manager coordinates, like a quarterback, all the services needed to manage money and plan for their own or their family's current and future needs. These plans often encompass existing products and strategies and then augment or build upon those strategies. These plans also can work with pension or RSP plans already set up.

A wealth Advisors job is to craft out an optimal strategy to benefit the client.

Building and presenting the wealth management plan is on our own time. Such plans typically include your long and short term goals, personal targets, and asset allocation recommendations; with detailed costs and action plans.

So why am I involved with CAMM. Many of my clients are already CAMM members and I wanted to support them.

Thank you for letting me be involved. If you have questions, want objective advice, or just need a CAMM friend at RBC DS, You've got one.