Wealth Management

Wealth Management deals with more than just investments. Wealth Management is a comprehensive approach that looks at the big picture to help you achieve your goals in life. It gives you the confidence you need to make sound financial decisions, plus the freedom to live the way you want. At RBC Dominion Securities we can provide:

In addition to the above we offer a number of other value-added services to help you manage your wealth, many of which are complimentary for our clients. These include:

• Integration of your investment plan with your other service providers, including your lawyer or accountant

• Research, commentary and information on specific holdings, markets or economies upon request

• Online integration of your RBC investment and bank accounts for consolidated viewing

• Margin accounts for leveraged investing

• Multi-currency account functionality

• Automatic account contributions and withdrawals

• Electronic Funds Transfer (EFT) capabilities

• Quarterly "Wealth Management Review" newsletter

• Introduction to a full suite of RBC partners if needed for: personal, business and private banking; estate and trust services, mortgage services; insurance; direct investing; and more

Private Investment Management

Private Investment Management offers a premium level of Wealth Management designed to free you from the day-to-day details of managing your wealth. It gives you the confidence to pursue your goals and live your life, knowing your wealth will be managed according to the highest standards. Private Investment Management is a unique advisor-managed account where you delegate responsibility for day-to-day investment decisions to a personal Portfolio Manager.

With Private Investment Management, your portfolio is built from the ground up based on factors such as growth requirements, income needs and risk tolerance. Because your approval is not required for every single transaction, your Portfolio Manager is able to take advantage of investment opportunities quickly and efficiently. Portfolio Managers must work within specific guidelines established in advance and is responsible to these guidelines, which are regularly reviewed and adjusted according to your needs.

Only a select group of our Investment Advisors can offer portfolio management services through Private Investment Management. Portfolio Managers must possess advanced investment credentials, extensive experience advising clients and substantial assets under administration. Sandy Lebert is the Portfolio Manager on our team and is fully licensed to meet your Private Investment Management needs.

For more information on Private Investment Management please contact us today.

6 questions to ask a potential Investment Advisor

Choosing an investment advisor is one of the most critical financial decisions you will ever make. Before entering into any partnership, it's important to ask the following questions and make sure you are comfortable with the answers.

1. Are you accredited or registered?

Ask your prospective investment advisor how they are registered, and the range of services, products and advice they are qualified to provide. The investment firm they are employed by should be a member of the Investment Industry Regulatory Organization of Canada (IIROC), which regulates all investment dealers in Canada (including RBC Dominion Securities). IIROC monitors and enforces rules regarding the proficiency, business and financial conduct of these firms and their advisors.

2. What is your experience?

Your investment advisor should be forthcoming about their industry experience, professional qualifications, memberships and education. Also, fewer years as an advisor may not necessarily mean less expertise. Many investment advisors enter the profession after many years of working as experts in a particular field with people who would later become clients, for example as consultants to business owners who later specialize in business owners' investment portfolios.

3. What kinds of products and services can you provide?

Ask if your investment advisor is limited to certain investments (such as proprietary products offered by their firm, GICs or mutual funds) or if you can draw on a greater range of investment products. Make sure you ask about your investment advisor's access to investment research, portfolio strategy teams, and risk management groups. Find out if your advisor focuses on investment solutions only, or has access to a wide network of partners in areas such as financial planning, insurance solutions, retirement, and estate planning services.

4. What type of clients do you serve?

Ask whether your potential investment advisor specializes in any particular client group, such as business owners, medical professionals or retirees. Don't be shy about asking for references either; your investment advisor is in many ways applying for the job.

5. How will you help me reach my goals?

Your advisor should ask you to outline your investment objectives – for example, preserving income, building wealth, retiring comfortably. Your advisor may also draw on value-added services such as financial, tax or estate planning to ensure that your ongoing wealth needs (in addition to investments) are in sync with the rest of your affairs.

Ask about your advisor's investment process, and how they create and manage your portfolio. Is each portfolio custom-crafted, or is the advisor following a set of established models? Confirm that you are comfortable with the process.

6. What kind of service will I receive?

Your advisor should clarify at the outset the level of service you can expect. This includes how often you will meet to review your progress; how your advisor will update you on portfolio performance; and what sort of contact you can expect from your advisor.