A word from the management
I am very pleased to announce the appointment of Weston McComb as Associate
Portfolio Administrator and invite you to adopt the Advisor Basket created
and managed by his team.
National Bank Financial has developed this innovative Advisor Basket
to allow clients of our investment advisor elite to draw maximum benefit
from their relationship with our firm.
The Advisor Basket is a judicious selection of equity or debt securities
that will form the core of your portfolio.
It will be managed on a discretionary basis by the highly qualified
professional team you have come to know and trust. In their discretionary
management they will be supervised by our Portfolio Management Department
and by a special committee meeting quarterly to confirm that the investments
of the Advisor Basket are at all times consistent with the investment
policy of the basket.
Weston McComb, with his exceptional knowledge of investing and his years
of experience with individual investors, is unquestionably among the elite
of the profession. In offering you the Advisor Basket, he is fully equipped
to provide a management service of very high quality tailored to your
I am delighted that Weston McComb has chosen to draw your attention
to this approach, which is reserved for a limited number of investment
clients and advisors. I invite you to review it now, discuss it with your
advisor and subscribe to it without delay if you agree with us that this
vehicle can help you exploit to the fullest the potential of your investments.
Michel Falk, M.B.A., C.F.A.
Senior Vice-President and Managing Director
National Bank Financial
The McComb Portfolio
Our Portfolio is based on a value driven, bottom-up investment process.
We attempt to identify companies that provide better valuations than currently
available in widely held stock indices. We focus on growth and potential
growth in cashflow and earnings for the stocks we invest in. The portfolio
will maintain a Canadian content limit so it will always be RRSP eligible.
Capital growth with reasonable risk will be the primary objective of the
portfolio so for clients with balanced and conservative portfolios, cash,
bonds and preferred shares will be selected in addition to the McComb
Portfolio. The portfolio is designed for investors with a long term investment
horizon (five years or more) The minimum investment is $25,000.00.
The basket aims to offer capital appreciation to investors with
an investment objective to exceed the performance of the benchmark (see
The maximum number of securities will be 25. The basket will
be diversified through most of the sectors though overweighting will be
given to sectors with more potential upside than the overall TSE. Though
we do not currently hold any bonds there would be no restrictions on the
credit quality of corporate bonds. We would expect to have a minimum holding
period of one month.
The minimum investment in the basket is $25,000, with additional
purchases set at a minimum of $10,000.
The management style of the basket will be one of providing capital
appreciation by investing in blue chip corporations. The basket
will have a minimum of 70% of the portfolio in buy and hold blue chips
and a maximum of 30% in shorter-term opportunities.
Research for the basket will be provided by NBF in-house research,
Crédit Suisse’s research and various industry publications
(i.e. Financial Post, Report on Business, Barrons) , and my access
to other brokerage firms’ research.
The fee structure will be 1.75% for investments of up to $200,000,
and negotiable above that amount.
| || |
Outside N. America