Bond and income strategies for conservative affluent investors

Since 2006, high net worth retirees, families, companies and other affluent investors interested in preserving their wealth while generating income have been turning to MacMillan Executive Wealth Management Group for investment advice.

Leveraging our deep insight and decades of experience, we help clients with investable assets of at least $2 million craft customized multigenerational portfolios based on their investment objectives and risk tolerance.

With our emphasis on income investing and our particular expertise in bond strategies, we can help conservative clients and their families benefit from a steady stream of tax-efficient dividend and interest payments through fluctuating market cycles.

Strategies that can stand the test of time 

We work hard to align your portfolio with your financial goals. Led by Bill MacMillan, Senior Vice President and Investment Advisor with more than 30 years of experience in the equity and bonds markets, we strive to develop portfolios that help investors preserve their wealth.

Dividends and interest are our major focus. Markets go up and markets go down, with long dry spells for both stock and bond prices. We focus on dividend-paying equities and high-quality government and corporate bonds, and apply laddering strategies to those bonds, paying keen attention to maturity dates to help us maximize yields. Even when the markets weren’t doing well, our clients received dividends – it’s like the companies we invested in payed us rent while we waited for capital appreciation.

Regular cash payments year in and year out can help compensate for weak stock market performance and low bond yields. This strategy simply makes sense for conservative investors who want to help preserve their wealth so they can leave a legacy, while avoiding big swings in the value of their portfolio.

We favour an active approach to portfolio construction and are constantly identifying new opportunities to improve returns. Portfolios are diversified globally and across all asset classes and typically include a mix of both international and domestic securities consisting of equities, funds and bonds.

“With the recent interest rate increases – and expected further inclines in the near future – fixed income/bond investments may figure more prominently thanks to their ability to contribute to more meaningful returns both in absolute and risk-adjusted terms.” – Bill MacMillan, October 2018

Choose your level of involvement

Your needs and preferences will help determine the most appropriate type of account for you. You can invest on a discretionary basis, where you entrust your investment decisions to our team, or a non-discretionary basis, where you take the reins and we call you for approval of each buy or sell in your account.

The TD Premier Managed Portfolio Program is a separately-managed discretionary account that provides our clients with access to 20 world-class investment managers and over 60 investment strategies, covering a wide array of asset classes and investment styles. It frees you to focus on your priorities while your investments are managed by a team of top money managers.

The TD Cornerstone Program is a full-service brokerage, non-discretionary, fee-for-service solution. As opposed to transactional accounts, where each transaction is paid for individually, with this fee-based account, you only pay an amount based on your fee-eligible assets.  Cornerstone clients can benefit from the combination of full-service investment advice and wealth planning, the ability to approve every trade, and fee transparency and predictability.

Access a broad spectrum of expertise

Our team is also committed to helping you prepare for life’s contingencies by offering access to a full range of wealth planning services through TD specialists. From tax and estate planning, to insurance, to business succession planning strategies, we help provide the direction and support you require to anticipate and help meet your family’s future needs. We will also work with your older and younger family members to help ensure that we provide multigenerational strategies.

MacMillan Executive Wealth Management Group is a part of TD Wealth Private Investment Advice, a division of TD Waterhouse Canada Inc., which is a subsidiary of The Toronto-Dominion Bank.