How well an investment portfolio performs is a function of three things:
Participation in the overall market movement
Tactical asset allocation policy of the manager
Variation in specific timing, security selection and fee levels
At WDS, we communicate with you regularly and in a clear and relevant way. WDS wealth managers routinely meet and speak with their clients, keeping them informed of changes that impact their portfolios.
Client Relationship Model (CRM) Reports
Informed investors make better investors
CRM introduced greater industry uniformity on information delivery and reporting to investors. With a focus on transparency, the improved CRM investor-disclosure rules are designed to ensure better outcomes for the end retail investor. These industry-wide regulations standardize how financial service firms disclose costs and performance at the individual account level.
- Investment Performance Report tells you the results for each type of account over the calendar year.
- Annual Fees and Compensation Report shows each account’s management fees.
CRM mandates that account-level performance reporting use the money-weighted (MWRR) method. The MWRR better represents an investor’s personal rate of return experience, factoring in cash flows relative to the account size.
Investment Summary Report
Achieve, measure and communicate
Quarterly our clients receive a clear, meaningful and consolidated picture of their investment portfolio, and the details of any activities. Your comprehensive WDS calendar-year-end report includes: net cash inflows/outflows; market prices and book values of all investments; estimated projected incomes of all securities; investing activity during the period; and commentary on the trend of key economic indicators. Also, your annual time-weighted (TWRR) rate of return (net change in market value, after fees and costs) is shown in both dollars and percentage of return. TWRR is more optimal to measure the performance of an investment manager and for benchmark comparison. This complete evaluation is sent by mail (or electronically, upon request).
Direct from National Bank Independent Network (NBIN), our clients also receive:
- Monthly portfolio statements and account activity details during period (or quarterly if there is no activity to report).
- Annual consolidated tax reporting information.
A guide to the big picture
Twice a year, we produce WDS Investment Perspectives, a publication of information, reflections and views about the economic environment, trends and the investment climate.
National Bank Independent Network (NBIN) issues consolidated income tax slips and trading summaries after year end. Clients may select either mail or electronic delivery.
Each year WDS provides additional tax reports to our clients:
- Account Realized Gain and Loss Report
- Income Tax Receipt Fees Paid to Investment Counsel
- Foreign Income Verification Statement, if applicable
WDS’s in-house portfolio management system maintains detailed tax cost records (in tax language adjusted cost base) for our clients’ individual securities. This allows us to regularly monitor the status of unrealized gains (or losses) in our clients’ accounts.
WDS supplies a tax receipt for eligible, tax-deductible management fees paid in the year.
With written permission, WDS can exchange tax information directly with your income tax preparer to ensure timely, complete and accurate data.