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Frequently Asked Questions 

What is a portfolio manager?

A portfolio manager or investment counsellor/asset manager/wealth manager/investment manager provides discretionary investment management for individual private clients, corporations, pensions, and foundations.  Portfolio managers have a fiduciary responsibility to act in the best interests of their clients.   As fiduciaries, portfolio managers are required to have the highest level of education and experience in the investment industry.  At Sharp Asset Management, we design and maintain customized investment portfolios for each client that range from conservative to aggressive, depending on the client’s needs for income, return, and risk.

How much is the fee charged by Sharp to manage my investment portfolio?

For private clients, our fee for investment management services is 1.0% plus HST payable quarterly based on the market value of the portfolio. Fees on non-registered accounts are tax deductible.  The only revenue Sharp earns is from fees charged to our clients.  We do not receive any commissions or fees on the investments we choose.

What is the minimum investment requirement?

Our services are designed for individuals or families with a minimum of $200,000 of investable assets.

What are the services you offer?

We offer the following services:

Portfolio Management - Creating an Investment Policy Statement, conducting trades, monitoring, and reporting on your portfolio.

Retirement Planning - Creating a Retirement Plan and updating it as needed.

Where will my money be held?

Your investments will be held at National Bank Independent Network (NBIN). NBIN is a wholly owned subsidiary of National Bank of Canada.  National Bank is the sixth largest bank in Canada. It has branches in almost every province in Canada as well as numerous representative offices in the United States, Europe, and other parts of the world.  NBIN provides custody and trading to firms with over $300 billion in assets.

If I have numerous accounts, can I consolidate my investments?

Yes - all our private client accounts are held at National Bank Independent Network. Clients receive monthly or quarterly statements, trade confirmations, and tax information. We provide a quarterly report that includes a consolidated listing of all your accounts and coordinate the investment policy for the entire portfolio, emphasizing tax efficiency.

Why do I need a financial plan?

A financial plan is your personal roadmap that provides measurable goals to work towards. While everyone’s financial plan will be different, it is designed to help answer three questions:

  1. Where are you now financially?
  2. Where would you like to go?

  3. How will you get there?

How frequently will I hear from my retirement advisor?

We will meet with you on an annual basis to review your investment objectives and portfolio.  We will also send you quarterly reports that explain how your investments are doing.  We are accessible by email and telephone for clients that require more frequent contact.

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