Wealth Management is disciplined strategy that integrates and leverages a broad range of service disciplines such as financial planning, investment portfolio management and insurance towards maximizing and protecting the value of clients’ financial assets.
The world of sound financial management is not what it was 40, 20, or even 10 years ago. Systems have become more complex and changes in economic cycles happen much more frequently. In order to account for this added complexity, our approach to money management involves a thorough understanding of our clients’ needs coupled with a personalized approach to risk tolerance, time-frame, income needs, and tax situation.
At Zenith Private Wealth Counsel, our team approach is that of a family office that integrates an unsurpassed suite of financial services combined with an exclusive WOW approach to building, “Your Wealth, Your Life, Your Dreams”.
We serve a wide range of clients with diverse needs and circumstances, including multiple generations of families, business owners, pre-retirees and successful individuals planning their retirement.
Depending on the size and nature of the account, fees range from 0.5% to 1.9% (for separately managed accounts). Management fees are based upon a percentage of the total value of the assets being managed. The fee is an annual percentage fee, billed quarterly by taking the total value of the managed assets at the beginning of each calendar quarter and applying one-fourth of the annual percentage fee. In certain cases, the fee can also be a tax-deductible.
We find that clients with investable assets of at least $500,000 benefit the most from our integrated investment and financial planning capabilities.
Individuals often begin to self-manage their investments after failing to find a professional whose expertise they trust. However, managing investments is a complex and time-consuming responsibility. A part-time approach without the expertise of a seasoned wealth manager can be risky and costly.
Furthermore, in this increasingly specialized world, we rely on a variety of specialists to heal us, defend our rights and teach our children. Likewise, investors are increasingly coming to understand and appreciate the benefits of trusting an experienced team of specialists to help them successfully plan for the future.
Your assets are held in accounts in your name or designate. These are not pooled like mutual funds. Zenith Private Wealth Counsel does not take possession of your cash or securities.
The Ontario Securities Commission (OSC) and Investment Industry Regulatory Organization of Canada (IIROC) are our primary regulators and we are registered as a Portfolio Manager and Investment Fund Manager in Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Ontario, Quebec and Saskatchewan. Portfolio Managers are unique in that they are subject to a fiduciary obligation, which is the highest Canadian regulatory standard. In other words, we have a legal obligation and are required to act in the best interest of our clients.
Your account(s) will be traded only when our investment strategy dictates a change and to take advantage of market opportunities. We have no incentive to trade your account(s) other than to follow an optimized investment strategy. We do not get paid any commission on transactions; therefore we have no incentive to trade more than is necessary. Our investment analyst team reviews changes in market, industry sector and asset class conditions daily. If we find it appropriate to make a tactical change to your asset allocation model, that change will be reflected in your portfolio on the same day.
Monthly statements are prepared and provided summarizing transactions, holdings and benchmarked investment performance. Clients also have online access to transaction information, daily portfolio updates and report printing.
Yes. Tax planning is an integral part of optimizing income efficiency towards maximizing gains in your portfolio. Professional tax preparers on the Zenith Private Wealth Counsel team are invaluable in providing end-to-end service and client experience. * HollisWealth does not provide income tax preparation services nor do they supervise or review other persons who may provide such services.
Yes, completely! We are deeply committed to the confidentiality of your data. Highly secured and stringent processes are in place to ensure that only your Wealth Manager and account service staff has access to your data on an as-needed basis.