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Referral Services

DISCLAIMER……….As a Financial Planner at Worldsource Financial Management Inc. I may facilitate access to Separately Managed Accounts offered by WFM Partner Portfolio Managers who may provide discretionary investment management services to the interested clients. After referral is completed you must decide for yourself if the Portfolio Manager is appropriate to provide the services for you. The Portfolio Manager will provide all ongoing advice to you as it relates to your assets invested with the Portfolio Manager and will be responsible for the operation of your managed account. The information below is general in nature and describes some of the benefits of discretionary investment management services.

In a Separately Managed Account (SMA) the individual investor owns the invested assets directly in his/her name. Like the name suggest, accounts are separately managed by a licensed portfolio manager on a discretionary basis. Until recently, minimum investment requirements of $1 million placed the services of these money managers well out of reach of the average investor.

Similar to mutual funds in that a money manager develops a model portfolio specializing in a particular aspect of the market (such as large-cap, growth, small-cap or value) and purchases or sells securities in an effort to generate positive returns. The key difference between mutual funds and separate accounts is that, in a separate account, the money manager is purchasing the securities in the portfolio on behalf of the investor, not on behalf of the fund.

Some of the key benefits include;

Individual Cost Base

While mutual and pooled funds can have some notable diversification attributes, the structure of these pooled investments means that you also share the tax base of the people in the pool. This can lead to unexpected taxes being triggered, regardless whether the fund value has gone up or down since an investor acquired it.

In separately managed accounts, your cost base is just that – your own. Therefore you will know and can plan for taxable events when you have a separately managed account.

Fee Deductibility

In Canada, where fees are charged to a non-registered separately managed account, the fees can be deducted from any source of income. In the case of high-income earners this can reduce the net cost by almost 50%!

Customized Risk/Reward

No two investors are exactly the same. Most have different expectations of return, the risk they are prepared to assume and even the amount of cash flow they may require from their portfolio. A separately managed account by definition allows them to have each of these factors set to meet their own expectations.

Individual Reporting

Most of us want to know what our return has been on investments in order to see if the results will lead to our individual goals.  A separately managed account shows the precise return on investments because it is your Separately Managed Account.

There are a number of options available to the client, but we primarly deal with the following companies.

HAHN Investment Stewards Inc.

HAHN ETF Managed Portfolios are revolutionizing the industry of customized portfolio management. Based on our fundamental view that index investing and active portfolio management are not mutually exclusive, our ETF Managed Portfolios incorporate the best of both; the active management of passive indexes.

As a global wealth manager with a proven record of successfully navigating world markets and stewarding its client’s assets, HAHN offers wealth management solutions that are aligned with the interests of both private clients and institutional investors.

While imitators are now rushing to market with managed portfolios of ETFs, HAHN’s leadership, experience, and established performance history speak for themselves.  We have the longest known track record in the world managing global, balanced ETF portfolios in separately managed accounts.

Guardian Capital Advisors LP

Guardian Capital Group is a diversified financial services company with deep roots in Canada. We´ve been an active player in the investment community for more than 50 years. In that half-century, we´ve earned a reputation for solid performance through strong alliances and deep fundamental understanding of financial markets. We build wealth year by year – client by client, one trusted relationship at a time. Let us put our history to work for you.

Guardian Capital Advisors LP is our Private Wealth investment division. Every life is different, so every Private Client has unique goals. Accordingly, each Private Wealth portfolio is custom tailored to achieve your specific, personal objectives – whether to enhance your capital base, to provide a stream of income, or establish a balance between the two. And we design every portfolio with a healthy respect for risk: using a detailed Client Profile, we structure an Investment Program that aligns to your ideal balance of risk and return. After all, this is your future we are working with. We take that very seriously.

Worldsource Financial Management Inc. has referral arrangements with registered Portfolio Managers and your Advisor may refer you to the Portfolio Managers with whom Worldsource has an agreement in place. Should you wish to obtain discretionary investment management services for some or all of your financial assets your Advisor will further provide you with Referral Arrangement Client Acknowledgement and Disclosure form. Please note that the Advisor is not licensed by securities regulators to provide any advice with respect to the trading in or the operation of Your account with the Portfolio Manager. Any information provided to You by the Advisor that describes the Services of the Portfolio Manager is information prepared by such Portfolio Manager. Neither Worldsource Financial Management Inc. nor the Advisor makes any representation or warranty as to its accuracy, completeness or usefulness for Your purposes. Once the referral is completed, the Portfolio Manager will provide all ongoing advice to you as it relates to Your assets invested with the Portfolio Manager and will be responsible for the operation of your managed account. On an ongoing basis the Portfolio Manager will manage the applicable investment account(s) according to the terms and conditions of an agreement between You and the Portfolio Manager. The Portfolio Manager will provide you with the necessary advice, trading and operational expertise required in this relationship.

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17 Ontario Street
Grimsby, ON., L3M 3G8

Phone: (905) 309-1123
Fax: (905) 309-3990

Email: sean@niagarawealth.com

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