Discretionary Investment Management in Vancouver, BC
How we work with you
When you work with Ballantyne Capital, you receive two services. We will act as your portfolio manager, making investment decisions to maximize portfolio growth. Our partnership with third-party custodians adds to the services you will receive, giving you access to a national provider of custody services or the safekeeping of assets. As a custodian, they will hold your assets and handle all essential reporting.
Role of Portfolio Manager
Ballantyne Capital offers Separately Managed Accounts (SMAs). In an SMA, each client’s assets are held separately from other clients (no pooling as in mutual funds/pooled funds).
With an SMA, the portfolio manager takes care of your account. We make investment decisions for a group of managed accounts simultaneously.
As you own the securities directly, we can customize a portfolio based on your family’s or business’s circumstances.
Role of Custodian
RBC Investor & Treasury Services (RBC I&TS) and Raymond James Correspondent Services (RJCS) are national providers of custody services known as the safekeeping of assets.
Depending on who you select, your money resides with RBC I&TS or RJCS and is held in your name. This service provides an extra layer of protection and safety.
As a custodian, they also provide monthly or quarterly statements that include all account activity, a list of holdings and valuations, and all tax reporting.
The benefits of Separately Managed Accounts (SMAs)
Separate Assets – Each client’s assets are held separately from other clients (no pooling as in mutual funds/pooled funds).
Transparency – Owning the securities directly gives you more clarity than a mutual or pooled fund.
Consistent Approach – Many pension funds, other institutions, and high-net-worth individuals use SMAs to achieve desired results.
Tax Opportunities – Allow enhanced tax planning opportunities as you can harvest tax losses or gains when needed without selling other elements of the portfolio.
Customization – Eliminate securities you do not wish to hold for personal or ethical reasons.
The benefits of working with a portfolio manager
Fiduciary Responsibility – Portfolio managers have a fiduciary duty to act with care, honesty, and good faith, always in their clients’ best interest. Investment decisions, therefore, must be independent and free of bias. This duty results in a higher level of trust placed in portfolio managers.
Professional Qualifications – As fiduciaries, securities regulation requires the highest level of education and experience in the investment industry.
Registration – The firm and the individual managing your investments are registered with provincial securities commissions.
Legal Requirements of Firms – Companies registered as portfolio managers must meet strict financial reporting, capital, and insurance requirements to protect your investments further.
Safekeeping of Assets – Your money resides with a third-party custodian who is responsible for the safekeeping of your assets. This method provides an extra layer of protection and safety.
Cost and Fee Schedule
The annual management costs are as follows:
- 1.00% per annum on the first $1 million
- 0.75% per annum on the next $2 million
- 0.50% per annum on the next $2 million
- 0.40% per annum on those assets greater than $5 million
A minimum management fee of $5,000 per annum applies per relationship.
Fees are tax deductible for non-registered accounts.
In addition to the above-noted management fee, the client will be responsible for a custody fee.
Financial Planning
In addition to professional money management, we help our clients achieve their financial goals by offering financial plans and calculators. For example, we can determine how long your investments will provide you with an annual income; we can compare the value of CPP benefits if you decide to take them before 65 or later; or determine how your marginal tax rate affects the growth of your TFSA and RRSP. We help our clients explore these and other financial planning issues, such as:
- Assess your current financial situation and identify areas of improvement.
- Set realistic and attainable financial goals and track your progress.
- Explore different scenarios and options to optimize your financial outcomes.
- Learn more about various financial topics and strategies.
We Provide a Very Attentive and Responsive Level of Client Service.
© 2018 Ballantyne Capital Ltd.