Is there a difference between a Portfolio Manager and an Investment Advisor?
Yes, there is.
A Portfolio Manager is licensed to manage a client’s portfolio on a discretionary basis. Discretionary refers to the fact that investment decisions are made at the Portfolio Manager’s judgement.
An Investment Advisor is NOT licensed to do this.
Herb and Andrew Rempel are licensed Portfolio Managers
Less than 5% of the Investment Advisors in Canada are licensed Portfolio Managers.* Herb and Andrew Rempel are proud to be two of them.
Portfolio Managers are also sometimes referred to as Investment Counsellors, Asset Managers, Investment Managers or Wealth Managers.
What we, as Portfolio Managers, can offer:
Discretionary Portfolio Management
The Portfolio Manager designation, held by less than 5% of all investment advisors in Canada, offers an enhanced measure of wealth management and requires the highest level of education and experience in the investment industry.
Peace of mind
Rooted in an Investment Policy Statement that takes into account your specific needs, a Portfolio Manager follows regulatory standards and a strict investment discipline that offer added security.
Accountability
A Portfolio Manager’s fiduciary responsibility means he or she acts with a higher standard of
care, honesty and good faith – and always first and foremost in your best interest.
Active
Delegating day-to-day decisions to a Portfolio Manager allows for quick response to unexpected market moves, better protection of your assets in difficult markets and the ability to take advantage of unforeseen investment opportunities.
Block trading
A Portfolio Manager can execute timely trades for all clients, all at once. This ensures everyone
benefits equally from market opportunities.
Flexible options
A Portfolio Manager has access to a broad range of investment choices, including bonds, stocks,
mutual funds, ETFs and alternative investments, offering you the best strategies and instruments to grow your wealth.
Fee Transparency
Portfolio Manager fees are transparent, based on a percentage of your investments rather than
on commissions from high transaction volumes, and may be tax-deductible in the case of non-registered accounts.
*What is a Fiduciary Financial Advisor, Danny MacKay, SeekAdvisor, 2019