Our Approach

Peace of mind comes from knowing that your trusted investment advisor is actively managing your investments with your best interests in mind. Costs should be transparent, fair and easily understandable. Accountability means that the advisor adheres to the goals, risk factors and processes you mutually agreed upon and that you are kept in the loop with regard to your portfolio's performance.

Developing a financial plan

There is a growing trend in the financial industry towards a cookie-cutter investment approach and retirement income planning. It is our belief that every client has a unique and complex financial situation, therefore our relationship with clients always starts the same way - getting to know you, clarifying your objectives and developing a personal wealth management plan tailored to your specific needs. We then develop strategies based on your timelines, required investment returns and risk tolerance. After implementing the plan, we send out an investment newsletter and information on the performance of your investments quarterly. We meet as often as needed to develop and implement your plan, and once or twice annually or as often as needed to rebalance your investments, review your plan and keep your portfolio on track.

About the Summit Program

Our focus is two-fold - to obtain for clients the best investment managers in the world, and to keep management fees reasonable and transparent. For households with investments of more than $150,000 HollisWealth's fee-based high-net worth Summit program allows us to reduce the cost of investing below the regular mutual fund management expense ratio (MER) most investors are paying, as well as providing a tax deduction for non-registered investments.

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Since we cannot control the ups and downs of the markets, we concentrate on what we can control: portfolio diversification and the disciplined process of rebalancing your portfolio. This means taking the emotion out of your financial decisions. We pay attention to five key aspects of investing to improve the S.T.A.T.E. of your investments:

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Strategic Asset Allocation

Asset allocation means how much you have invested in each of the main categories of investments. 'Strategic' means long-term, 'big picture' decision making. This part of the process is all about you. How much risk you are willing to take, what your desired retirement lifestyle looks like, how close you are to retirement and whether or not you have a pension; all these factors influence the strategic asset allocation of your RRSPs and savings. We work with you to establish a target mix of equities, bonds and GICs that is expected to get you to your retirement goals, and rebalance your asset mix annually or whenever your portfolio diverges significantly from the asset mix you have decided on. As you get closer to retirement we gradually shift equities to bonds and GICs to make sure you have a secure retirement income.

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Tactical Asset Allocation

This is all about the markets and the economy. What sectors or companies do we expect will give the best risk-adjusted returns over the next two or three years? We may increase your weighting in bonds and decrease your weighting in equities, or vice versa. We may add gold to your portfolio, or overweight U.S. stocks and underweight Europe, Australia and the Far East for a time. Our objective is to increase returns and/or reduce risk based on HollisWealth research and our own ideas of where the economy is going.

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Asset Selection

This is all about which investments we choose; there are literally thousands of mutual funds, stocks, bonds and ETFs (exchange traded funds) to choose from. Some clients choose their own. Most rely on me to help them choose mutual fund managers that will do a good job managing their investments, and to pick stocks, bonds, GICs, intelligent index funds and other securities.

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Tax-efficiency

This is all about which assets you hold in which accounts, to give you the lowest taxes now and when you withdraw money from your investments. We use TFSAs (Tax-free Savings Accounts), corporate class mutual funds and Tax-efficient Systematic Withdrawal plans to split income, defer taxes and take cash flow from non-registered investments in the most tax-efficient manner.

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Expenses

Over long periods of time, even a small difference in the management expense ratio of a portfolio can translate into thousands or tens of thousands of dollars. We advocate transparency of fees, smaller MERs for larger accounts and using fund managers with a history of matching their benchmark after management fees. For non-registered portfolios, we can make a portion of the fees tax-deductible. Clients can benefit from lower costs by consolidating their investments into our Summit high-net-worth program. We cover transfer fees and reimburse redemption fees incurred in selling funds being transferred.

Strategic Asset Allocation

Asset allocation means how much you have invested in each of the main categories of investments. 'Strategic' means long-term, 'big picture' decision making. This part of the process is all about you.

Read More

Tactical Asset Allocation

This is all about the markets and the economy. What sectors or companies do we expect will give the best risk-adjusted returns over the next two or three years?

Read More

Asset Selection

This is all about which investments we choose; there are literally thousands of mutual funds, stocks, bonds and ETFs (exchange traded funds) to choose from.

Read More

Tax-efficiency

This is all about which assets you hold in which accounts, to give you the lowest taxes now and when you withdraw money from your investments.

Read More

Expenses

Over long periods of time, even a small difference in the management expense ratio of a portfolio can translate into thousands or tens of thousands of dollars.

Read More


Strategic Asset Allocation

Asset allocation means how much you have invested in each of the main categories of investments. 'Strategic' means long-term, 'big picture' decision making. This part of the process is all about you. How much risk you are willing to take, what your desired retirement lifestyle looks like, how close you are to retirement and whether or not you have a pension; all these factors influence the strategic asset allocation of your RRSPs and savings. We work with you to establish a target mix of equities, bonds and GICs that is expected to get you to your retirement goals, and rebalance your asset mix annually or whenever your portfolio diverges significantly from the asset mix you have decided on. As you get closer to retirement we gradually shift equities to bonds and GICs to make sure you have a secure retirement income. Learn More


Tactical Asset Allocation

This is all about the markets and the economy. What sectors or companies do we expect will give the best risk-adjusted returns over the next two or three years? We may increase your weighting in bonds and decrease your weighting in equities, or vice versa. We may add gold to your portfolio, or overweight U.S. stocks and underweight Europe, Australia and the Far East for a time. Our objective is to increase returns and/or reduce risk based on HollisWealth research and our own ideas of where the economy is going.Learn More


Asset Selection

This is all about which investments we choose; there are literally thousands of mutual funds, stocks, bonds and ETFs (exchange traded funds) to choose from. Some clients choose their own. Most rely on me to help them choose mutual fund managers that will do a good job managing their investments, and to pick stocks, bonds, GICs, intelligent index funds and other securities. Learn More


Tax-efficiency

This is all about which assets you hold in which accounts, to give you the lowest taxes now and when you withdraw money from your investments. We use TFSAs (Tax-free Savings Accounts), corporate class mutual funds and Tax-efficient Systematic Withdrawal plans to split income, defer taxes and take cash flow from non-registered investments in the most tax-efficient manner. Learn More


Expenses

Over long periods of time, even a small difference in the management expense ratio of a portfolio can translate into thousands or tens of thousands of dollars. We advocate transparency of fees, smaller MERs for larger accounts and using fund managers with a history of matching their benchmark after management fees. For non-registered portfolios, we can make a portion of the fees tax-deductible. Clients can benefit from lower costs by consolidating their investments into our Summit high-net-worth program. We cover transfer fees and reimburse redemption fees incurred in selling funds being transferred. Learn More


About the Summit Program

Most advisors have little or no control over the management expense ratio (MER) of client portfolios, which encompasses the fees charged by the fund companies to manage your investments and transaction fees charged to buy and sell stocks, bonds and ETFs. At HollisWealth it actually saves you money to grow and/or consolidate your portfolio. For households with more than $150,000, our high-net-worth Summit program improves transparency and in many cases reduces the cost of managing your portfolio as well as providing a tax deduction for non-registered investments.

A useful reference for discussions with a financial advisor and for understanding financial documents is a glossary explaining financial terms. You can download a glossary using this link: Financial Glossary.