Custom Designing, Building & Managing Your Portfolio
Our primary role is to provide discretionary portfolio management. A discretionary investment manager is different from a stock broker or financial planner in that the manager makes independent decisions on the purchase and sale of specific securities and instructs an institutional trader to execute the trade on behalf of the client. The securities or cash are delivered directly to the client’s custodial account with a major Canadian financial institution.
Clients receive a monthly statement from the custodian showing the portfolio holdings and transactions undertaken in the month. At the end of each calendar quarter, a more comprehensive report is prepared showing holdings and investment results. The quarterly report also typically includes a discussion on one or two of the businesses owned together with commentary on the state of the economy and financial markets.
Shepherding Day-to-Day Financial Management
Whether it is ensuring that clients have sufficient cash when needed or informing clients of new opportunities for tax savings, estate planning or charitable giving, we proactively communicate with clients to ensure we are aware of their needs and to keep them up-to-date with current developments in the financial world.
Financial Administration & Income Tax Compliance
As part of Genova’s Private Office service, we offer financial administration including bookkeeping and income tax preparation services. Where a client is not already adequately served in these areas, Genova offers an experienced team to meet those needs. A supplemental fee applies for these services.
Overall Asset Monitoring & Aggregate Reporting
Although many of Genova’s clients rely on us to manage all of their investment assets, others have chosen to divide their assets among two or more managers. In the latter case we can help clients monitor their investments on an aggregate basis by preparing customized reports combining the holdings and results of all managers. This allows clients to look beyond short-term investment results and measure progress toward their broader financial goals.
Supplemental Services Offered through Genova’s Professional Network
Although many clients already have access to specialized legal, tax and other financial advisors, where appropriate, Genova can make referrals to qualified professionals who have earned our confidence. Areas where we have been asked to help include:
- Will Preparation
- Life, Disability & Critical Illness Insurance
- Estate Settlement & Trust Administration
- Private Foundations
- Business Succession Planning