Private Investment Management (PIM)
Flexibility to live the life you want
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, knowing your wealth will be managed according to the highest standards.
Your own personal Portfolio Manager
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, you get a completely customized portfolio designed by Steve and supported by the strength and expertise of RBC’s extensive Portfolio Advisory Group. Your portfolio is built from the ground up based on factors such as growth requirements, income needs and risk tolerance. These factors are all taken into special consideration in the development of your personalized investment policy statement (IPS). In addition, there are specific portfolio guidelines established in advance, which are regularly reviewed and adjusted according to your needs. Because your approval is not required for every single transaction, your team can take advantage of investment opportunities quickly and efficiently.
Your portfolio is constantly monitored by a third party, the Portfolio Implementation and Risk Group. This group ensures your portfolio is managed according to the terms of your Investment Policy Statement, as well as core Private Investment Management guidelines designed to ensure you hold quality investments and a suitable asset mix for your situation.
The highest credentials at your service
Only a select group of Investment Advisors can offer you portfolio management services through Private Investment Management. Portfolio Managers must possess advanced investment credentials, extensive experience advising clients and substantial assets under administration. In additional to his MBA, Steve has his CFA (Chartered Financial Analyst) designation, widely considered the gold standard in the industry.
Unlike most money management programs where you never meet your Portfolio Manager, Private Investment Management offers you the unique opportunity to sit down with Steve discuss your needs one-on-one. Because you have a personal relationship with Steve, your portfolio can more accurately reflect your individual goals and objectives on an ongoing basis. Steve’s team will also meet with you on a regular basis to review your portfolio and get an update on your personal and financial situation. Your goals are likely to change over time, and your Investment Policy Statement and portfolio need to reflect these changes. In addition to one-on-one communication, you have access to your portfolio online as well as a customized portfolio report on a quarterly basis.