International Advisory Branch
The Access Manager Selection Program
Move up to a higher level of investment management
As a successful individual, you face unique challenges in
the management of your wealth. Like many serious investors,
you may have come to the realization that your portfolio
requires professional attention. But in today’s investment
marketplace, there are more choices than ever before. How
do you cut through the clutter of pre-packaged investments
to find a stategy that’s right for you?
If you demand excellence, and want freedom from the day-to-day
details of managing your wealth, we can help. Through our
Access Manager Selection Program, you can choose from a carefully-selected
roster of over 50 world-class portfolio management firms
that can manage your account individually.
Moreover, unlike pooled investment programs, you have direct
access to these managers, who can manage your investments
within a customized portfolio. You have direct ownership
of the securities in your portfolio, instead of owning units
within an investment pool. This gives you greater control
and flexibility over your portfolio. For example, you can
instruct managers to exclude certain stocks for ethical considerations,
or to avoid any overlap with your existing holdings.
Narrowing Your Search for the Best Money Managers
Access is a portfolio management process that enables you
to sort through the thousands of professional money management
firms available worldwide, and select the ones best qualified
to help you meet your financial goals. With Access, we maintain
a roster of only the highest-quality investment managers,
with proven track records of top performance and the best
likelihood for continued success.
Our manager search is conducted by one of the world’s
foremost investment consultants - Lockwood Advisors Inc.
Lockwood meticulously evaluates thousands of investment managers
to arrive at a well-researched short list. From this list,
you work with your personal Investment Advisor to select
the ones most appropriate for you. On an ongoing basis, Lockwood
reviews the performance of managers within the Access program,
and makes recommendations when changes are required.
Access Follows a Disciplined, Four-Step Process To Help
You Achieve Your Financial Goals.
1. Establish your investment objectives:
It all starts with you, and your needs. Why are you investing?
What are your financial goals? Are there any special considerations?
To help answer these questions, your Investment Advisor will
guide you through an extensive confidential questionnaire.
As a result of this process, you and your Investment Advisor
will gain a clear understanding of your return expectations,
risk tolerance, investment time horizon, income needs, liquidity
requirements and more. This information is detailed in your
personal Investment Policy Statement, which provides the
framework for subsequent investment decisions.
2. Develop your personal stategy:
The first step is to establish an asset allocation model
for your portfolio. How you blend the three main asset classes
- cash, bonds and equities - plays a central role in your
risk/return tradeoff. A portfolio weighted more heavily towards
equities generally provides superior returns over the long
term, but greater volatility. Portfolios weighted more heavily
towards cash and bonds generally provide less risk, but lower
return potential. Your ideal asset allocation depends on
factors such as your risk tolerance, return expectations
and time horizon.
With Access, you can also use sophisticated diversification
techniques to balance risk and return potential. You can
diversify your portfolio based on manager style - such as
value, growth and concentrated investment styles. You can
also diversify based on geography - U.S. and international.
In addition, by engaging more than one manager through Access,
you can diversify among managers with various areas of specialty.
3. Select your investment managers:
Based on an in-depth understanding of your needs and goals,
your Investment Advisor is able to recommend the money managers
best suited to your specific situation. You can choose from
a recommended list of approximately 50 managers - representing
over 90 investment styles - who have been screened by Lockwood
Advisors. To help you simplify your search for the best managers,
Lockwood evaluates thousands of managers worldwide.
4. Review and evaluate your progress:
Access could provide you with the help you need to achieve
your financial goals. To keep you on-track, Access also provides
a disciplined process, with regular reviews and ongoing monitoring
of the managers in the program.
Regularly-scheduled reviews with your Investment Advisor
ensure that:
- your investment strategy reflects your current needs
- you have an appropriate mix of assets based on your personal situation and global market conditions
- your chosen managers continue to deliver the results you need
At the same time, Lockwood conducts in-depth monitoring
of the managers currently in the program, while evaluating
managers outside the program for possible inclusion. Lockwood’s
evaluation includes quantatative performance analysis and
personal on-site interviews.
Personal counsel from a trusted source:
Your progress in the Access program is guided by your personal
Investment Advisor. Together, you and your Investment Advisor
can build a customized Access portfolio based on your specific
needs and preferences. Over time, as your situation changes,
your Investment Advisor is there to ensure that your portfolio
continues to meet your needs.
Your Investment Advisor is also there to help you select
the money managers best suited for your portfolio, now and
in the future. With both your Investment Advisor and Lockwood
Advisors scrutinizing money manager performance, you have
the benefit of two independent points of view. This level
of diligence and objectivity helps ensure that the right
combination of managers is in place for your portfolio.
Keeping you informed on your progress:
As an Access client, you will receive a comprehensive performance
reporting package. This includes:
- overall porfolio performance results
- multiple accounts reported individually or as a composite based on your preferences
- individual manager results reported separately in the currency of the portfolio
- net-of-fee internal rate of return
- returns compared against benchmark indices
The convenience of the all-inclusive approach:
All the services offered by the Access Manager Selection
Program are available to you for an all-inclusive annual
fee. This fee is based on a percentage of your assets in
the program, and is billed to your account quarterly.
The price and value of investments can
fall as well as rise and investors may not get back the amount
originally invested. The regulatory regime, including any
investor protection or compensation schemes may well be different
from your home jurisdiction.
Depending on your citizenship and/or
residency, some or all of the products and services described
in this website may not be available to you or may only be
available to you from certain Royal Bank of Canada Global
Private Banking offices.
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