Private Wealth

A Tradition of Trust and Investment Stewardship

For more than half a century, Jarislowsky Fraser has provided premier investment services to affluent individuals and families, fostering relationships that span generations in order to help our clients reach their financial goals.

Our clients have entrusted us with growing their wealth, with a view to building their legacies and providing for future generations. This remains our mission.

Discretionary Portfolio Management

Jarislowsky Fraser customizes portfolios for private clients on a segregated basis to meet their specific needs and requirements. We aim to build portfolios that provide long term, above-average performance while prioritizing capital preservation and low risk.

Our personalized approach to discretionary portfolio management benefit private clients in several ways:

• Each portfolio is unique and tailored to individual client needs. Segregated portfolios are designed to meet specific objectives, such as higher yield, capital preservation and long-term growth, offering greater asset allocation flexibility. With segregated management, our clients also have the option of tailoring their portfolio to prohibit specific investments. Smaller portfolios may be invested in our pooled or mutual funds.
• Portfolio management professionals. Offering you premier client service and investment counsel is of the utmost importance to us. Our private wealth team is composed of qualified registered portfolio managers, who have met the high level of education and experience as required by securities regulation, permitting them to provide discretionary portfolio management. Adhering to the firm’s core value of investment stewardship, portfolio managers will always act in your best interest.
• In-house research capabilities. Our world-class research team, with deep sector expertise on a global scale, provides the fundamental analysis upon which we base our security selection. Our analysts meet with hundreds of companies around the world to identify higher quality businesses that meet our strict investment criteria: industry competitiveness, strong ethical management, solid financials and reasonable valuations.
• Reasonable fees. Jarislowsky Fraser offers one of the most attractive investment management fee scales in the industry. Fees are also tax deductible for non-registered accounts.
• Tax efficiencies. Clients have the flexibility to structure their portfolios in the most tax-efficient manner for their situation, avoiding embedded capital gains that typically exist in a pooled fund or mutual fund structure.
• Clarity. Clients have a clear understanding of the individual securities that they own and can therefore follow companies in their portfolio as they wish.
• Reporting and communication. Clients receive regular reports that detail the performance, asset mix, holdings and transactions in their portfolio accompanied by a summary of our views and outlook on the global markets and economic conditions.

Discretionary portfolio management is offered for portfolios starting at $1 million.

Designing a Custom Investment Portfolio

Each portfolio management team works closely with the client to construct a custom investment portfolio. The process requires several steps and our goal is to create a portfolio that meets the client’s investment objectives, producing consistent long-term returns and ultimately providing our clients peace of mind.

1. Understanding each client’s investment objectives

• Each client has unique investment objectives and constraints, which must be clearly established.
  These objectives will likely revolve around investment horizon, liquidity needs, income and growth requirements, tax considerations and risk tolerance.
• The client’s portfolio will be structured to meet these specific objectives.

2. Assessing each client’s current situation

• It is crucial for the client’s portfolio manager to have a comprehensive understanding of the current financial situation, such as income needs, existing investments and any ongoing expenses to be funded from the portfolio.
• This process allow us to develop an asset allocation strategy that tailors the assets managed by Jarislowsky Fraser to fit into the overall recommended asset mix.

3. Developing an investment policy statement

• The Investment Policy Statement (IPS) provides us with a framework within which we can invest on a discretionary basis.
• We establish ranges for fixed income and equity investments that clients may wish to be applied to the management of their portfolio and formalize the portfolio reporting process.

4. Implementing recommendations

• The target asset mix described in the IPS is reached over an agreed-upon period of time.

5. Portfolio management and review

• The continuous process of managing each client’s portfolio is essential, since certain considerations may change, such as the client’s personal and financial situation or our capital market outlook.
• We manage each portfolio to ensure that it complies with the investment policy guidelines, and the asset mix remains appropriate.

Services

Total Wealth Planning

As part of the Scotiabank group, we offer our clients an innovative team-based approach to wealth management that addresses the entirety of your life — your family, your business, your future — one facet at a time. Together with your relationship manager, our Scotiabank partners and specialists bring their skills and expertise to the consideration of what you’ve accumulated — and how best to administer it through life’s changes.

• Wealth protection (Insurance solutions)
• Estate planning (Will, Power of Attorney, trusts)
• Business & family Wealth planning (Business Continuity & Contingency)
• Private banking (Preferential services, credit strategies, personalized solutions)
• Exclusive educational seminars