I began my career in October 1987, the month the stock market crashed. Since then, I have seen many periods of turbulence, and many periods of expansion. I have sought to learn from these events and to make allowances for random occurrences.
I have studied the work methods of those who seemed to be most successful, and I will continue to do this. I remain fully open to improving my management process. After so many years, I can summarize my approach in five words:
Objectivity
Handle information rationally. Be Cartesian. Emotions, optimism and scepticism end up being troublemakers in portfolio management.
Discipline
Keep the approach constant, even if reality temporarily gives no reason to. Avoid passing trends and flavours of the month.
Performance
Always seek a maximum return without incurring unnecessary risk to achieve the set goals.
Communication
Beyond portfolio management, I think it makes sense to explain the reasons underlying a decision or strategy. In addition, in some periods it requires a lot of communication effort to preserve objectivity and stay disciplined.
Modesty
Be able to appreciate your success, but keep it from influencing the vigilance and diligence required for wealth management.
EXPERIENCE
I have been working in wealth management for almost 30 years. My skills and understanding have improved steadily over this time.
I have experience in securities brokerage, trusts and private wealth management (Trust Royal). I have been working at RBC since 1992. I became a Chartered Financial Analyst (CFA) in 2001. I graduated from Université Laval in 1981.
TEAMWORK
I provide my clients with the expertise of a team of specialists, analysts and economists from RBC Dominion Securities, the largest brokerage firm in Canada.
I enjoy working closely with this multidisciplinary team to create optimal solutions. Pooling knowledge and experience in various disciplines is the only valid approach in an increasingly complex world. Your tax advisor, lawyer, accountant and banker are front-line players in setting up and executing your financial strategy.
SUCCESSION AND CONTINUITY
While I'm not considering retirement any time soon, I regard it as my duty to ensure that my knowledge and experience are transferred so that service continuity is guaranteed at all times.
“Personally, I believe that the ideal investment is made in a company that meets strict financial and good governance criteria. More importantly, the company should be socially responsible and environmentally conscious.”
Carl Bouchard, CFA
