Benefits of LBA Discretionary Portfolio Management

Time saving

• Delegate the account management activities
• Facilitates a more active management not burdened or slowed down by communication by transaction

Mandate is clearly articulated in an Investment Policy Statement (IPS)

• Goals and objective are defined and outlined. 
• Provides structure, communication and management of family and estate planning strategy of financial affairs.
• Regular rebalancing – constantly optimizing the asset allocation as outlined in the parameters of the IPS

Timely trade execution

• Continuity of effective account management in cases of investor being unavailable, unable, incapacitated, etc 
• Event driven moments where trade execution needs to be applied immediately and cannot be slowed down by the need to contact investor for trade authorization

A more structured communication protocol.

• More meaningful discussions with the portfolio manager about strategic and tactical implications of the management of the portfolio
• Elimination of time spent discussing the merits of each individual trade. Becoming too involved with the details – investors often lose sight of the forest for the trees.
• For example macro economic, micro economic, maintaining asset allocation objectives, sector allocation objectives and tax efficiency to mention a few.

Eliminates emotional trading

• Maintaining control over unrealized capital gains. Very often position within a portfolio are left unchecked and the tax implications of selling positions with large gains are not managed – resulting in a poorly managed portfolio.
• It is emotionally difficult to sell an investment at a loss – however in a disciplined discretionary management approach – emotional impediments are removed – allowing for better overall performance.

Access to Monthly Market Review conference call

• Creation and maintenance of a wealth plan included to create a goal based environment.
• Additional risk management investment applications
• Additional tax efficient cash flow investment strategies