Investors Choice: Investment Manager Search, Evaluations 
and Monitoring Services - Key Benefits

• Guide in developing an investment policy statement and asset allocation
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• Counsel on appropriate asset allocation using state of the art technology
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• Identification of suitable investment managers and funds
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• Analysis of investment manager performance history, investment style, management fees
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• Identification of cost effective custodians and / or discount brokers to hold your assets and execute your trading instructions.

Asset allocation impacts 91% of total investment return

• Selecting the most appropriate asset allocation given your risk tolerance and time horizon will have the most
  influence on your overall investment return.
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• Asset allocation has far more impact than market timing and security selection efforts.
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• Asset classes behave differently. Asset classes and mutual funds with low correlations
  and high returns are what we seek.

• Source: Brinson, Singer and Beebower - "Determinants of Portfolio Performance II: An Update"; 
  Financial Analyst Journal, May - June 1991, data: 1977-1987

• Our services in the investment management industry give us insight on the pulse of the investment
  management industry. We bring these talents to bear on each private clients situation.
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• State-of-the-art analysis tools for asset allocation, risk profile and fund managers.
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• We conduct primary research by interviewing (in-depth) over 80 of Canada's money managers and
  maintaining their scores on a proprietary database.

Investors Choice: Fees and Compensation Arrangements

Asset Allocation Fee-charged at inception

Using our knowledge of the investment management industry, we “short list” investment management candidates and provide information and analysis to assist our private clients in evaluating and ultimately selecting a suitable investment manager(s) to execute the investment policy statement. For these services, Investors Choice Financial Management Ltd. is compensated by an asset allocation fee. This fee is based on estimated time spent. Account size does directly correlate to the time we spend performing our services. As your investment portfolio grows, so does its complexity. A large portfolio should take advantage of both geographic and investment management style diversification. Additionally, as your portfolio grows in size, the universe of investment manager options increases since managers and funds can be held that meet minimum asset size restrictions. 

• Entry level accounts - up to $60,000, generally consisting of one RRSP account
  - minimum asset allocation fee $400
• Intermediate accounts - usually one or more accounts with assets ranging from $60,000 to $130,000
  - minimum asset allocation fee $750
• Mid sized accounts - usually one or more accounts and assets ranging from $130,000 to $1.0 million
  - minimum asset allocation fee $1,300
• Large accounts - generally assets exceeding $1.0 million and use of outside discretionary manager
  through either a pooled fund or segregated asset accounts-minimum asset allocation fee $2,500. 
  

Ongoing Monitoring Fee-charged in arrears

We offer ongoing investment management monitoring that includes continuous and formal quarterly reporting on a client’s consolidated invested assets, whether the invested assets are within the asset class ranges outlined in the investment policy statement, the performance over short, medium, and long terms of the investment manager, or fund.  Typically, we also report to clients on administrative matters concerning maximizing their foreign content, utilizing excess cash and coordinating withdrawals. For these services Investors Choice Financial Management Ltd. is compensated by way of a monitoring fee. This fee is based on estimated time spent. Account size does directly correlate to the time we spend performing our services. As your investment portfolio grows, so does its complexity. A large portfolio should take advantage of both geographic and investment management style diversification. Additionally, as your portfolio grows in size, the universe of investment manager options increases since managers and funds can be held that meet minimum asset size restrictions. 

• Entry level accounts - up to $60,000, generally consisting of one RRSP account
  - minimum on-going annual monitoring fee $400
• Intermediate accounts - usually one or more accounts with assets ranging from $60,000 to $130,000
  - minimum on-going annual monitoring fee $750
• Mid sized accounts - usually one or more accounts and assets ranging from $130,000 to $1.0 million
  - minimum on-going annual monitoring fee $1,300
• Large accounts - generally assets exceeding $1.0 million and use of outside discretionary manager 
  through either a pooled fund or segregated asset accounts-minimum on-going annual monitoring fee $2,500. 
  

For more information on the Investors Choice: Investment Manager Search, Evaluation 
and Monitoring Services , please call
J. Michael Lowry, Managing Director
(affiliate member of the TSFA)
(905) 281-2616 or toll free 1-877-We-Verify (1 877 938-3743) 
Fax (905) 897-9210
89 Queensway West, Suite 226, Mississauga, ON Canada L5B 2V2
e-mail: info@investorschoice.ca. website. http://www.investorschoice.ca