Managed
Counsel Managed Portfolio is managed using an active asset allocation approach to create a diversified portfolio by investing in five different asset classes - international equity, Canadian large cap, mid cap and small cap equities and fixed income. The investment allocations to each asset class is constantly monitored and, if necessary, adjusted to remain consistent with the investment objective.
This portfolio has three distinct areas of investment decision making, each managed by independent investment specialists:
1. Asset Allocation – a manager is responsible for determining the most appropriate mix of assets for risk and return management, based upon economic and risk analysis.
2. Investment Specialists – these are the investment managers hired by Counsel Wealth Management. Their role is to manage risk and return within their specific investment portfolios.
3. Review Manager – this manager makes asset allocation investment decisions based upon an asset allocation methodology and equity concentration review process. The manager invests its allocation in securities of various asset classes to reduce the risk or increase returns
Portfolio Advisor and Sub-Advisors
Cumberland Private Wealth Management Inc.
As portfolio advisor, Cumberland makes asset allocation investment decisions based upon an asset allocation methodology and equity concentration review process. As part of the asset allocation recommendation process, Cumberland will review the actual holdings of the sub-advisors that are responsible for domestic equities and identify concentrations in specific sections of the economy, specific investment characteristics and specific economic exposure. Cumberland invests its allocation in securities of various asset classes to reduce the risk or increase returns. Cumberland’s investment style is conservative, risk averse and disciplined using a combination of top down and bottom up analysis.
Target Allocation* - Up to 25%
Acuity Investment Management Inc.
Cumberland allocates the percentage of the Fund’s assets to be sub-advised by Acuity. In relation to its fixed income mandate, Acuity’s investments are in Canadian fixed income and equity securities which, in the opinion of Acuity, have prospects of steady interest, dividend and/or distribution payouts, the ability to sustain these payouts for a reasonable period of time into the future and a favourable price in relation to payout expectations. In relation to its mid-capitalization Canadian equity mandate, Acuity uses a growth oriented investment philosophy following a disciplined, conservative and risk averse approach.
Target Allocation* - No less than 5%
Howson Tattersall Investment Counsel
Cumberland allocates the percentage of the Fund’s assets to be sub-advised by Howson Tattersall. Howson Tattersall invests primarily in equity securities of small capitalization Canadian corporations listed on the Toronto Stock Exchange. Howson follows a value investment style which emphasizes security of capital.
Target Allocation* - No less than 5%
Leon Frazer & Associates Inc.
Cumberland allocates the percentage of the Fund’s assets to be sub-advised by Leon Frazer. Leon Frazer invests in large capitalization Canadian securities for the purpose of deriving income, protecting the value of investments and achieving long-term capital appreciation. A dividend income valuation approach is applied
Target Allocation* - No less than 5%
Features and Benefits
· Three levels of independent investment decision making, distinguishing it from other tactical managed funds
· Exposure to independent management firms with strong investment processes, and strong records of risk adjusted returns
· Proper diversification created through the optimal combination of equity, fixed income, geographic exposure, capitalization ranges and investment management style
· Independent asset allocation advice through an investment consulting firm retained by Counsel to provide asset class and capital market inputs to Counsel for use in its analysis.
· Counsel’s rigorous manager selection and ongoing due diligence process
· Portfolio rebalancing to the appropriate asset mix on a regular basis
· Single consolidated semi annual investment reports are provided to investors
· Clear and concise reporting and communications
* Subject to change without notice
Counsel Managed Portfolio At-A-Glance
Counsel Managed Portfolio Brochure
Counsel Managed Portfolio Financial Statement
Counsel Managed Portfolio MRFP
Counsel Managed Portfolio Quarterly Portfolio Disclosure