Frequently Asked Questions

iA Private Wealth is one of Canada’s largest independent financial advisor networks and is committed to helping its advisors help Canadians achieve financial security. Completely independent, iA Private Wealth advisors are never tied to one specific solution and can offer the financial products, partners and services that best meet their clients’ needs.

PWM Private Wealth Counsel is part of iA Private Wealth’s premier network of financial advisors and your partner in helping you attain financial peace of mind through a wealth of knowledge, ethics, integrity, experience and a unique level of service.

We focus on fee-based, discretionary wealth management. We also offer traditional wealth management, complete retirement planning services, a multitude of insurance and risk management products, as well as personal and corporate tax return services.

Few organizations are permitted to provide discretionary wealth management. To do so, Portfolio managers must meet the highest conditions of registration with securities commissions. Discretionary wealth management allows for changes to be made on short notice to your portfolio, eliminating the need to contact you for each trade. This ability to be responsive lets you to seize buying opportunities as well as exit excessively risky options, while offering you the freedom to remove yourself from day-to-day investing decisions.

Portfolio Managers are fiduciaries who must meet the highest conditions of registration with the securities commissions and are held to a very strict code of conduct. To receive PM licensing, an advisor must hold either a Chartered Financial Analyst® (CFA®) designation or a Chartered Investment Manager® (CIM®) designation, as well as complete a rigorous application process with their firm and the regulators.

Portfolio Managers have a legal obligation, or fiduciary duty, to act with care, honesty and good faith, always in the best interest of clients. Investment decisions must be independent and free of bias. This differs from advisors who are not Portfolio Managers and who merely have a “duty of care” required. Fiduciary duty puts a much higher level of trust placed on Portfolio Managers.

A Portfolio Manager develops a written agreement called Policy Statement, or IPS. This IPS sets out the investment goals and objectives of the client and describes the investment strategies suitable to meet those objectives. The IPS takes into account specific needs, including risk tolerance, time horizon and investment philosophy. Your IPS is the basis upon which we select an appropriate mix of investments and make discretionary adjustments to your portfolio, and it lays out the framework for how your portfolio is managed.

Our advanced designations and depth of experience give us the ability to handle very large portfolios, as well as those of farm families, small to medium-sized business owners, professionals, corporations, associations, foundations, pre-retirees and retirees. Our current minimum household account size is $250,000 in Saskatchewan, and will be on a case-by-case basis out of province.

Our services are suited to investors who prefer to have trusted professionals make day-to-day investment decisions for them, or who may want to access investments typically only available to high net worth investors and pension funds. Any client who has a complex financial, tax or investment situation, a need for a more sophisticated level of financial planning and investing, or who simply wishes to plan prudently for his or her financial future will benefit from the services we offer.

As Portfolio Managers, we charge a percentage of the investments we manage for you. This fee is transparent and generally much less than those of typical mutual funds, which are often embedded as a cost of doing business. Fees vary depending on the size of your portfolio and are not paid by commission based on the volume of buying or selling investments. For clients who choose a mutual fund portfolio, we receive commissions from the mutual fund companies. Speciality products such as flow-through shares may also pay a direct commission. Our commitment is to be as visible with costs as possible so that you always know what you’re paying for.

No. There are no fees or charges to switch.

Not necessarily. Some accounts may be more efficient outside this program. Ask us for details.

This is not an option in a fee-based account. However, you can still have a supplementary non-fee based account where you can hold investments and make trades.

Yes. The minimum portfolio size is $250,000. Prospective clients who do not meet the minimum will be considered on a case-by-case basis to determine if they can benefit from discretionary management.

Yes, though not as frequently. Discretionary management frees up our regular meetings to focus on a long-term financial plan rather than day-to-day investment decisions.

A financial plan is a written document encompassing an overall review of your financial situation, taking into account your goals and objectives. It focuses on such areas as: income tax planning, asset management, estate planning, risk management, education planning, and retirement. The plan analyzes and recommends strategies that can help you to achieve your financial goals.

We focus on a fundamental approach to investment analysis. In other words, we consider such variables as prevailing economic conditions, specific industry outlook, historical data and performance, the strength of company management, earnings growth and potential, as well as any applicable tax benefits. Above all, we attempt to select investments that harmonize well with your goals and objectives. Our Investment Committee typically meets weekly to formally review existing holdings and discuss investment changes and new investment ideas. Committee discussion, analysis and, at times, our committee further breaks down into subcommittees to manage different asset classes of the portfolio, fixed income, equities, and alternative assets. These subcommittees consist of members with specific investment knowledge and expertise on their respective committees, who closely follow their respective asset classes. They then bring that knowledge and expertise to the larger team committee to recommend and execute investment decisions which best align with our clients stated goals.

All of our advisors are working toward their Portfolio Manager designation and all play a key role in planning and building our clients’ portfolios. By only hiring highly educated and experienced professionals, we ensure your future needs will always be met.

Yes, client information is kept in the strictest of confidence.

Simply contact our office at 306-975-9500, toll free at 1-800-652-7472, or email us at info@pwmprivatewealth.com for more information, or to book your first appointment. Your initial consultation will take approximately one hour.

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