[On screen: The CIBC logo is positioned in the upper left corner against a deep, uniform red background. Next to it, the text reads "CIBC Private Wealth." Below this, the slide presents the text "R&R Investment Partners" and the title of the presentation "Who do we help best?" ]

 

[music]

 

[On screen: To the right is Randy Yozipovic, Senior Wealth Advisor, Portfolio Manager. He has shoulder-length wavy hair and a beard, wearing a dark suit and a light gray shirt. He is seated and appears relaxed, with one arm resting on his thigh.

To the left is Ian Munro, also a Senior Wealth Advisor, Portfolio Manager. He has short hair, a neatly trimmed beard, and is wearing a dark suit with a white shirt.]

 

RANDY YOZIPOVIC: The families we work best with value relationships and personal service, and it's also important to them that they have a comprehensive financial plan. They want all aspects of their financial life to be integrated with the advisory team that they're going to work with.

 

IAN MUNRO: But at the same time, the families we work best with would also rather be doing something else that they love instead of looking at a computer screen all day thinking about their finances. They want to achieve their financial goals, but they don't want to be involved in the day-to-day minutiae of getting there.

 

RANDY: If you think of a financial plan as the foundation of the house or the blueprints and all the financial solutions or products you could use as the building materials, there's a lot of choices, and we want to help you navigate them.

 

[Image on screen: A new house under construction with exposed wooden framing against a clear blue sky. ]

 

IAN: Yes, all houses use similar building materials, just like all financial plans should incorporate investments, tax reduction, protection or insurance, and legacy building, but which materials you use, how much you use, and where to use them needs to be specific to your house and your financial plan. At R&R Investment Partners, you only get advice that is right for you and your family and delivered by someone who knows you, your goals, and your preferences.

 

[On screen: A circular chart titled "R&R Investment Partners' Wealth Management Process," divided into six segments like a pie. Each segment represents a step in the process. Starting from the top and moving clockwise, the segments are labeled: 1. Analysis, 2. Develop Goal-Driven Investment Strategies, 3. Investment Strategies, 4. Integrate Tax and Estate Strategies, 5. Communication, and 6. Rebalancing or Readjustment. The color scheme alternates between shades of grey and blue, and each segment is numbered, indicating a sequential process designed to create a comprehensive financial plan. This visual is a methodical approach to managing wealth, suggesting a structured, step-by-step advisory service tailored to individual needs and goals. ]

 

RANDY: Basically, the way we look to operate with our clients is the same way we would want someone to work with our own families if we weren't in the profession ourselves. If the families we've described that we help best sound like you, feel free to reach out, we can sit down, see if there's a fit, and see if we can help you on your road and your journey.

 

[music]

 

[On screen: The CIBC logo is positioned in the upper left corner against a deep, uniform red background. Next to it, the text reads "CIBC Private Wealth." Below this, the slide presents the text "R&R Investment Partners" and www.rrip.ca. ]

 

[On screen: A disclaimer slide with a red background. White text reads, "This video is provided for general informational purposes only and does not constitute financial, investment, tax, insurance, legal or accounting advice, nor does it constitute an offer or solicitation to buy or sell any securities referred to. Individual circumstances and current events are critical to sound investment planning; anyone wishing to act on this video should consult with his or her advisor. All opinions and estimates expressed in this video are as of the date of publication unless otherwise indicated, and are subject to change."

At the bottom of the slide, in smaller text, it states, "®The CIBC logo is a registered trademark of CIBC, used under license. The material and/or its contents may not be reproduced without the express written consent of CIBC." ]

[On screen: The CIBC logo is positioned in the upper left corner against a deep, uniform maroon background. Next to it, the text reads "CIBC Private Wealth." Below this, the slide presents the text "R&R Investment Partners" and the title of the presentation "Simplifying your life." ]

 

[music]

 

[On screen: To the right is Randy Yozipovic, Senior Wealth Advisor, Portfolio Manager. He has shoulder-length wavy hair and a beard, wearing a dark suit and a light gray shirt. He is seated and appears relaxed, with one arm resting on his thigh.

To the left is Ian Munro, also a Senior Wealth Advisor, Portfolio Manager. He has short hair, a neatly trimmed beard, and is wearing a dark suit with a white shirt. His arms are folded, and he has a serious expression, looking directly at the camera.

They are both in an office with a panoramic view of the city through floor-to-ceiling windows behind them. ]

 

IAN: Our mission, the reason we come to work every day is simple. We want to simplify your life so you can do what you really love.

 

[Image on screen: A group of six people embraces on a wooden dock, facing a tranquil lake at sunset. Behind them, the sun dips behind a mountain range, casting a warm glow over the peaceful, rural setting. ]

 

RANDY: For some people, they love their profession and want to keep working. For others, it's running their business and for others yet, they'd rather play or pursue hobbies. Some of you, on the other hand, want the freedom and time to be grandparents, to take care of your aging parents, or to give to a meaningful charitable cause.

 

IAN: Whatever your true love, our aim is to help consolidate your financial priorities so you can focus on those other passions.

 

RANDY: One of the main ways we accomplish this is by helping you establish a comprehensive financial plan that combines your most important goals, then integrates investment, tax, wealth protection, and legacy altogether under one roof.

 

IAN: Behind the scenes, our team is here to serve you whether you need access to your money for a new car, a gift for your children, or a much needed vacation.

 

RANDY: Our team truly prides itself on being proactive. We're committed to learning about your needs, paying attention to your portfolio, and then reaching out to you when circumstances necessitate, as opposed to waiting until you come to us.

IAN: Every day, the families we serve let us know the peace of mind that they've received from working with us has allowed them to live meaningful lives free from financial complications. We are glad to play a small part and are very grateful and thankful for your trust.

 

[music]

 

[On screen: The CIBC logo is positioned in the upper left corner against a deep, uniform maroon background. Next to it, the text reads "CIBC Private Wealth." Below this, the slide presents the text "R&R Investment Partners" and www.rrip.ca. ]

 

[On screen: A disclaimer slide with a maroon background. White text reads, "This video is provided for general informational purposes only and does not constitute financial, investment, tax, insurance, legal or accounting advice, nor does it constitute an offer or solicitation to buy or sell any securities referred to. Individual circumstances and current events are critical to sound investment planning; anyone wishing to act on this video should consult with his or her advisor. All opinions and estimates expressed in this video are as of the date of publication unless otherwise indicated, and are subject to change."

At the bottom of the slide, in smaller text, it states, "®The CIBC logo is a registered trademark of CIBC, used under license. The material and/or its contents may not be reproduced without the express written consent of CIBC." ]

[On screen: The CIBC logo is positioned in the upper left corner against a deep, uniform maroon background. Next to it, the text reads "CIBC Private Wealth." Below this, the slide presents the text "R&R Investment Partners" and the title of the presentation "A story about a family we helped retire." ]

 

[music]

 

[On screen: Randy Yozipovic, Senior Wealth Advisor, Portfolio Manager. Randy with shoulder-length wavy hair and a beard sits in a modern office setting. He is wearing a dark gray suit with a light gray shirt, unbuttoned at the collar. Behind him, floor-to-ceiling windows reveal a cityscape with buildings under a clear sky. ]

 

RANDY YOZIPOVIC: This is a story about a family that we helped on the retirement journey. They were a long time friend of an existing client that we'd worked with for over 20 years, and they were introduced to us, which is how most new families we work with come about, it's through an introduction from an existing family.

 

[Image on screen: Four individuals seated on a wooden dock during sunset. From left to right, a young woman, an older man, an older woman with her hair tied back, and a young boy are seen from behind, gazing at the sun dipping below the horizon. The warm sunlight bathes the scene in a golden hue, creating a silhouette effect. In the background, majestic mountains are partially shaded by the soft glow of the setting sun. The tranquility of the water and the grandeur of the mountains create a picturesque and peaceful setting. ]

 

RANDY: This couple was in the process of retiring, and they wanted to get onto that next phase of their life. They had goals to consolidate and simplify their financial affairs so they could just enjoy the retirement years and not be bogged down with the minutia of managing their finances.

At the time, they were managing stuff on their own. They had a couple of different institutions they were at. They had stock options, a work savings plan, a company pension plan, all pretty typical stuff, and they've been balancing this on their own and never really had worked with a financial advisory team before. That just made it even more exciting for us to connect them into our wealth management process and to meet with a financial planning specialist who could help them build a retirement income roadmap to give them the peace of mind that they were going to be okay.

First off, we proposed a simple, consolidated investment plan with five different but complimentary investment strategies. We also made sure that they had a couple of years cash for their near-term spend and their travel needs as they came up, that way they'd have liquidity in case they retired in the midst of a market correction. We reviewed all their insurance needs to ensure the family was protected, and we looked at their tax liabilities to make sure they were minimized.

Most importantly, we analyzed their defined benefit pension plan and determined that with the reduction and interest rates that had recently happened, they would actually get a larger sum than they thought they would, and they'd be better off controlling their own capital rather than taking the monthly pension. Finally, we set them up with online access to their plan, gave them customized reporting they could actually understand, and we set up a meeting and review schedule to ensure that they would have consistent opportunities to ask questions, and basically just to know they were on track.

Not only were we able to help them find clarity with the next phase of their life, this family is comfortable with the direction they're going financially, and that allows them to not just enjoy retirement, but to thrive in it, and have the peace of mind that they were looking for.

 

[music]

 

[On screen: The CIBC logo is positioned in the upper left corner against a deep, uniform maroon background. Next to it, the text reads "CIBC Private Wealth." Below this, the slide presents the text "R&R Investment Partners" and www.rrip.ca. ]

 

[On screen: A disclaimer slide with a maroon background. White text reads, "This video is provided for general informational purposes only and does not constitute financial, investment, tax, insurance, legal or accounting advice, nor does it constitute an offer or solicitation to buy or sell any securities referred to. Individual circumstances and current events are critical to sound investment planning; anyone wishing to act on this video should consult with his or her advisor. All opinions and estimates expressed in this video are as of the date of publication unless otherwise indicated, and are subject to change."

At the bottom of the slide, in smaller text, it states, "®The CIBC logo is a registered trademark of CIBC, used under license. The material and/or its contents may not be reproduced without the express written consent of CIBC." ]

[On screen: The CIBC logo is positioned in the upper left corner against a deep, uniform red background. Next to it, the text reads "CIBC Private Wealth." Below this, the slide presents the text "R&R Investment Partners" and the title of the presentation "A story about setting your legacy for other and the next generation." ]

 

[On screen: To the right is Randy Yozipovic, Senior Wealth Advisor, Portfolio Manager. He has shoulder-length wavy hair and a beard, wearing a dark suit and a light gray shirt. He is seated and appears relaxed, with one arm resting on his thigh.

To the left is Ian Munro, also a Senior Wealth Advisor, Portfolio Manager. He has short hair, a neatly trimmed beard, and is wearing a dark suit with a white shirt. His arms are folded, and he has a serious expression, looking directly at the camera.

They are both in an office with a panoramic view of the city through floor-to-ceiling windows behind them. ]

 

[background music]

 

RANDY YOZIPOVIC: We had the fantastic opportunity to work with a couple who owned a successful business together, and they also knew they were getting ready to sell it.

 

IAN MUNRO: Selling a business can be both an exciting and daunting process. Yes, there would be a large inflow of capital from the sale of the business, however, this would also trigger a much larger-than-normal tax bill.

 

[Image on screen: A close-up of two pairs of hands holding a small, green plant sprouting from a clump of soil. The larger, more rugged hands on the right appear to be those of an adult, gently cradling the plant and soil, while the smaller, pudgy hands on the left belong to a child, reaching up to touch the plant. The background is a soft-focus tapestry of green and yellow, suggesting a garden or a lush, natural setting. ]

 

RANDY: Knowing this, we created a financial plan for them that would not only help them generate a lifetime retirement income, but it would also allow them to creatively minimize tax by providing funds to charitable causes that they were passionate about.

 

IAN: Luckily, this couple recognized the benefits of giving. Yes, there are excellent tax benefits, but they were keen to experience the cooperation, joy, and family connection that would come from building a spirit of giving into their financial plans.

 

RANDY: After building this retirement income plan that reassured the family that they would more than have enough capital and income to meet their goals, we suggested they take 10 years of their planned giving, and donate it in the current year to their own personal charity or foundation that we simply set up with a one-page form, then we help them invest the money in a disciplined, balanced portfolio.

 

IAN: The costs of this were lower than setting up a traditional foundation and the family received a significant tax deduction in the year that they sold their business.

 

RANDY: Aside from financial security, the family ended up being most excited by the giving plan, and now they even meet annually with family members to discuss their giving goals for the capital that they're going to give away each year. They often tell us how much they love this experience, and they're so glad that we suggested it. I would say if this story resonates with you and giving is something that you've been thinking about, connect with us, and we'd be more than happy to put a plan in place to see if this is a fit for your family as well.

 

[On screen: The CIBC logo is positioned in the upper left corner against a deep, uniform red background. Next to it, the text reads "CIBC Private Wealth." Below this, the slide presents the text "R&R Investment Partners" and www.rrip.ca. ]

 

[On screen: A disclaimer slide with a red background. White text reads, "This video is provided for general informational purposes only and does not constitute financial, investment, tax, insurance, legal or accounting advice, nor does it constitute an offer or solicitation to buy or sell any securities referred to. Individual circumstances and current events are critical to sound investment planning; anyone wishing to act on this video should consult with his or her advisor. All opinions and estimates expressed in this video are as of the date of publication unless otherwise indicated, and are subject to change."

At the bottom of the slide, in smaller text, it states, "®The CIBC logo is a registered trademark of CIBC, used under license. The material and/or its contents may not be reproduced without the express written consent of CIBC." ]

[On screen: The CIBC logo is positioned in the upper left corner against a deep, uniform red background. Next to it, the text reads "CIBC Private Wealth." Below this, the slide presents the text "R&R Investment Partners" and the title of the presentation "A story about the call you don’t expect." ]

 

[music]

 

[On screen: Randy Yozipovic, Senior Wealth Advisor, Portfolio Manager. Randy with shoulder-length wavy hair and a beard sits in a modern office setting. He is wearing a dark gray suit with a light gray shirt, unbuttoned at the collar. Behind him, floor-to-ceiling windows reveal a cityscape with buildings under a clear sky. ]

 

RANDY YOZIPOVIC: One of the most meaningful opportunities we have in our job is to walk through difficult financial situations with families who have recently experienced loss. One of our clients was the mother of a young family whose husband unexpectedly passed away, leaving everybody shocked and leaving her to take care of her two pre-teen children. Having never been involved with the family’s finances before in a lead role, her husband's passing left her confused with where to even begin.

 

[On screen: A silhouette of a person sitting on a swing set during sunset. The sun casts a vibrant orange glow across the sky and the calm sea beyond. One swing is empty, while the person sits in the other, creating a contemplative scene. The individual appears to be a woman, gazing towards the horizon, her long hair and casual attire outlined against the bright backdrop of the setting sun. ]

 

RANDY: Thankfully, we had a really good relationship. In our original conversations, she reached out, and we restarted her plan. She'd been comfortable as the copilot in her family's finances, but now, she was suddenly the pilot. Unfortunately, she's not alone. 80% of surviving women find a new advisor when their spouse dies. Either because they never had an advisor in the first place, or they had no relationship with the previous advisor, they didn't feel a personal connection, they just felt it was their spouse's advisor.

We highly encourage all of our married clients to have both parties involved in their financial plans with us. This is in order to ensure comfort and not confusion or anxiety if the unexpected happens. However, in this case, we built a new relationship with this family based on the plan that we did build together. We were able to help her wrap her head around her financial life and create some sense of confidence in the plan that she had set up with her husband. We helped her collect on her insurance, we recommended debts be paid off, and we created an income stream to fund the family's life.

Most importantly, a new financial plan was completed with her input that showed that she and her children would be just fine, and there was no need for her to go back to work. This was an incredible sense of relief to her. We are grateful to have been able to walk through this difficult time with her. If you find yourself realizing that you've been not as engaged as you would want in your financial plans, or if you would like to get your spouse more engaged, let us know, and we would be happy to walk down that road together. It's critical to do this to have financial peace of mind.

 

[On screen: The CIBC logo is positioned in the upper left corner against a deep, uniform red background. Next to it, the text reads "CIBC Private Wealth." Below this, the slide presents the text "R&R Investment Partners" and www.rrip.ca. ]

 

[On screen: A disclaimer slide with a red background. White text reads, "This video is provided for general informational purposes only and does not constitute financial, investment, tax, insurance, legal or accounting advice, nor does it constitute an offer or solicitation to buy or sell any securities referred to. Individual circumstances and current events are critical to sound investment planning; anyone wishing to act on this video should consult with his or her advisor. All opinions and estimates expressed in this video are as of the date of publication unless otherwise indicated, and are subject to change."

At the bottom of the slide, in smaller text, it states, "®The CIBC logo is a registered trademark of CIBC, used under license. The material and/or its contents may not be reproduced without the express written consent of CIBC." ]

[On screen: The CIBC logo is positioned in the upper left corner against a deep, uniform red background. Next to it, the text reads "CIBC Private Wealth." Below this, the slide presents the text "R&R Investment Partners" and the title of the presentation "How we stay in touch with you." ]

 

[music]

 

[On screen: Ian Munro, Senior Wealth Advisor, Portfolio Manager. Ian is a man with closely cropped hair and a neatly groomed beard, looking directly at the camera with a focused expression. Ian is dressed in a light gray suit with a white shirt, the top button undone.

He is seated comfortably in an office environment, with large windows behind him offering a view of a courtyard with green trees and ambient lighting. ]

 

IAN MUNRO: We know it's important for you to know where you're at financially and to have personal communication with the people you've trusted your finances to, so we follow three key principles in communicating with you. We make sure it's personal, customized, and proactive. In addition, you'll always have online access to conveniently view your portfolio. We also post monthly commentary to our R&R blog so you feel comfortable with your financial trajectory and that the process is explained in context so you know if you're on track to hit most of your important financial goals.

 

[Image on screen: A young child with short hair is smiling and holding a tin can telephone to their ear. The child is wearing a gray zip-up hoodie and is glancing up to their right with a playful, inquisitive expression. Above the child, three words are displayed in white text against the gray background: "Personal," "Customized," and "Proactive." These words are aligned to the left and are separated by horizontal lines. ]

 

IAN: We also post mid-month blog commentary on real-life issues, such as education accounts, vacation property, the keys to a happy retirement, and so on. We don't stop there. We also meet with you regularly according to your preferences, whether it's in-person, on video chat, or on the phone, but most importantly, as your needs and preferences change so do we.

 

[Text on screen: 403-260-0472]

 

IAN: We also know that life is anything but static, and if you need anything around communication, please feel free to reach out to us at 403-260-0472, and we are always happy to help.

 

[music]

 

[On screen: The CIBC logo is positioned in the upper left corner against a deep, uniform red background. Next to it, the text reads "CIBC Private Wealth." Below this, the slide presents the text "R&R Investment Partners" and www.rrip.ca. ]

 

[On screen: A disclaimer slide with a red background. White text reads, "This video is provided for general informational purposes only and does not constitute financial, investment, tax, insurance, legal or accounting advice, nor does it constitute an offer or solicitation to buy or sell any securities referred to. Individual circumstances and current events are critical to sound investment planning; anyone wishing to act on this video should consult with his or her advisor. All opinions and estimates expressed in this video are as of the date of publication unless otherwise indicated, and are subject to change."

At the bottom of the slide, in smaller text, it states, "®The CIBC logo is a registered trademark of CIBC, used under license. The material and/or its contents may not be reproduced without the express written consent of CIBC." ]

[On screen: The CIBC logo is positioned in the upper left corner against a deep, uniform red background. Next to it, the text reads "CIBC Private Wealth." Below this, the slide presents the text "R&R Investment Partners" and the title of the presentation "How do I pay you for everything you do? Fees explained." ]

 

[music]

 

[On screen: To the right is Randy Yozipovic, Senior Wealth Advisor, Portfolio Manager. He has shoulder-length wavy hair and a beard, wearing a dark suit and a light gray shirt. He is seated and appears relaxed, with one arm resting on his thigh.

To the left is Ian Munro, also a Senior Wealth Advisor, Portfolio Manager. He has short hair, a neatly trimmed beard, and is wearing a dark suit with a white shirt. His arms are folded, and he has a serious expression, looking directly at the camera.

 

RANDY YOZIPOVIC: Clients often ask how they will pay for our services or, basically, how fees work.

 

IAN MUNRO: In similar situations, the payment structure for advisory fees can often be more complicated than it needs to be. Instead, we aim to simplify by being completely transparent about what it costs for us to serve you, and also about any other costs you may have that do not involve fees or payments to us.

 

[Text on screen: “No hidden fees.” ]

 

RANDY: For example, outside of our institution, a competing advisor might tell you that they are charging you 1% of the value of your portfolio annually. In fact, it's the law today that they must disclose this information.

 

IAN: What can, unfortunately, be confusing is whether or not that 1% is being charged on top of the investment products that already have an embedded cost of an additional 1%. That would, actually, bring the total cost to 2% annually and that can be surprising if it wasn't what you were expecting. It's not that these investment products are good or bad, it is simply that the lack of explanation keeps you from making a fully informed decision, and we all deserve transparency.

 

RANDY: For this reason, we've chosen to offer an all-inclusive fee based on the assets we're managing for your family, which includes everything from custom reporting, proactive reviews, financial and estate planning reviews with our wealth strategists, and all administrative support from our entire team. In addition, we do not charge fees on cash that we hold, or GICs, Guaranteed Investment Certificates, and we do not participate in hidden new issue commissions.

 

IAN: Because of this, you can feel comfortable that if we recommend an investment product that has a built-in cost, that product and its worth will be fully explained, and the decision to invest in it will be completely in your hands.

 

RANDY: In our opinion, the problem we all have as customers is when we think we're paying one amount only to find a higher amount on the bill at the end of the day. We all want fair value for any fees we pay or any service that we sign up for. Our aim is to serve you in a way that makes you and your family feel valued, kept in the loop, and well taken care of. Fee transparency is a big part of that.

 

[music]

 

[On screen: The CIBC logo is positioned in the upper left corner against a deep, uniform red background. Next to it, the text reads "CIBC Private Wealth." Below this, the slide presents the text "R&R Investment Partners" and www.rrip.ca. ]

 

[On screen: A disclaimer slide with a red background. White text reads, "This video is provided for general informational purposes only and does not constitute financial, investment, tax, insurance, legal or accounting advice, nor does it constitute an offer or solicitation to buy or sell any securities referred to. Individual circumstances and current events are critical to sound investment planning; anyone wishing to act on this video should consult with his or her advisor. All opinions and estimates expressed in this video are as of the date of publication unless otherwise indicated, and are subject to change."

At the bottom of the slide, in smaller text, it states, "®The CIBC logo is a registered trademark of CIBC, used under license. The material and/or its contents may not be reproduced without the express written consent of CIBC." ]

[On screen: The CIBC logo is positioned in the upper left corner against a deep, uniform maroon background. Next to it, the text reads "CIBC Private Wealth." Below this, the slide presents the text "R&R Investment Partners" and the title of the presentation "RRIF/Pension conversions: Creating retirement income" ]

 

[music]

 

[On screen: To the right is Randy Yozipovic, Senior Wealth Advisor, Portfolio Manager. He has shoulder-length wavy hair and a beard, wearing a dark suit and a light gray shirt. He is seated and appears relaxed, with one arm resting on his thigh.

To the left is Ian Munro, also a Senior Wealth Advisor, Portfolio Manager. He has short hair, a neatly trimmed beard, and is wearing a dark suit with a white shirt. His arms are folded, and he has a serious expression, looking directly at the camera.

Both are seated inside a modern office environment, with a clear view of the outdoors visible through the large glass windows behind them, showcasing a backdrop of architectural structures.]

 

RANDY YOZIPOVIC: Turning your registered savings into income so you can have an enjoyable retirement is a simple and exciting process that our team would be happy to help you through.

 

IAN MUNRO: For example, you may be curious how to turn your RSP into a Retirement Income Fund or RIF as you're turning 71, or you may be leaving a job and faced with a question, should I take the pension or the lump sum payout option? We offer a simple process to help you decide the best option for your financial future.

 

[Image on screen: An older man and woman sitting at a wooden table in a brightly lit café, large windows revealing a sunny day outside. They are engaged in conversation, with the man leaning forward attentively towards the woman. The woman, facing the sunlight, has a warm smile as she looks at the man. Both individuals are casually dressed, the man in a light-colored sweater and the woman in a teal blouse. The café appears to be empty aside from them, with several vacant chairs and tables around.]

 

RANDY: Let's start with converting your RSP to a RIF. In the year you turn 71, we move your RSP assets into a new account called a RIF. No investments need to change and there's no tax implications. The only change here is the conversion of the account type and the account number. The account changes from the purpose being to accumulate money inside of an RSP to a RIF, which is an account that's designed for you to take money systematically out of.

 

IAN: This means at the year you turn 72, you now need to start making a minimum government-mandated withdrawal of 5.28% of your December 31st RIF value for the following year. That equals $52,800 for every $1 million in your RIF account.

 

[Text on screen: $52,800 for every $1,000,000 ]

 

RANDY: You can take that payment in cash and have tax deducted at source by us, send it to Revenue Canada, or you can pay the tax the following year, which some people choose to do, but often it turns out to be an unpleasant surprise the following year. You can even take the payment in kind, which means we take the same stocks and bonds you own in your RIF, move them to your non-registered account after the tax is paid. This is a great option for a lot of our clients who don't need the extra cash flow for their spending needs.

 

IAN: It is also possible to convert your RIF before you turn 71. This is a discussion we welcome to have in consultation with your accountant if it is determined that it's wise to take some money out of your RSP early at a lower tax rate.

RANDY: Let's switch gears a bit and discuss the crossroads you might find yourself at if you're leaving your job. That crossroads is whether to take the guaranteed pension or to take the lump sum payout option with the potential to invest your funds on your own with us.

 

IAN: Though the benefits of a pension are obvious, the drawbacks can often be worth considering as well.

 

RANDY: For one thing, the next generation of your family will never see the capital after you and your spouse pass away. Another thing is to consider current low and declining interest rates have caused the lump sum option to now produce a higher value than it would have under older interest rate assumptions. This means that the lump sum option may be more attractive than taking the monthly pension.

 

IAN: To help you determine the right option for you, we complete a full analysis where we can show you what rate of return you would need to earn to generate the same income as your pension, and ultimately keep control of your capital.

 

RANDY: In most cases, it will be obvious what the best course of action is as part of your financial plan. We'll be happy to help you implement the plan that makes the most fruitful financial sense for you. Our team is here to help you through this process. We proactively reach out six months before the end of the year in which you turn 71 to complete your RSP to RIF conversion. We also work with you on a pension analysis well before you leave your job.

 

IAN: These are just two of the ways that working with our team can help. You not only predetermine the course of your financial future, but ensure that you thrive in it when the time comes.

 

[music]

 

[On screen: The CIBC logo is positioned in the upper left corner against a deep, uniform maroon background. Next to it, the text reads "CIBC Private Wealth." Below this, the slide presents the text "R&R Investment Partners" and www.rrip.ca. ]

 

[On screen: A disclaimer slide with a maroon background. White text reads, "This video is provided for general informational purposes only and does not constitute financial, investment, tax, insurance, legal or accounting advice, nor does it constitute an offer or solicitation to buy or sell any securities referred to. Individual circumstances and current events are critical to sound investment planning; anyone wishing to act on this video should consult with his or her advisor. All opinions and estimates expressed in this video are as of the date of publication unless otherwise indicated, and are subject to change."

At the bottom of the slide, in smaller text, it states, "®The CIBC logo is a registered trademark of CIBC, used under license. The material and/or its contents may not be reproduced without the express written consent of CIBC." ]

[On screen: The CIBC logo is positioned in the upper left corner against a deep, uniform maroon background. Next to it, the text reads "CIBC Private Wealth." Below this, the slide presents the text "R&R Investment Partners" and the title of the presentation " TFSA and RRSP - Which one is best? " ]

 

[On screen: Ian Munro, Senior Wealth Advisor, Portfolio Manager. Ian is a man with closely cropped hair and a neatly groomed beard, looking directly at the camera with a focused expression. Ian is dressed in a light gray suit with a white shirt, the top button undone. ]

 

[background music]

 

IAN MUNRO: When it comes to Tax-Free Savings Accounts and RRSPs, we always get asked which one is best to use. The answer we give is both. Let's explain. Many of our clients who have enough capital will already be using both, but they've often wondered the same question on behalf of their adult children who might not have the same capital yet. In that case, here's some thoughts.

 

[Image on screen: Two white piggy banks sit against a black background, each adorned with a red Canadian maple leaf. On the left, 'TFSA' is emblazoned in bold letters, and on the right, 'RRSP' is similarly displayed. A question mark floats between them. ]

 

The Tax-Free Savings Account contribution is not tax-deductible, but it grows tax-free. When you spend it, it comes out of the account tax-free. Any withdrawals in a year will be added to the contribution room in the following calendar year. That is a very good deal. You can put in up to $6,000 per year without losing the contribution room if you miss a year of contributing.

On the other hand, an RRSP has contributions that are deductible and it grows tax-free, but the contributions that come out, are taxed as income. It's another good tool to use and it can be helpful to know the difference. Another great strategy if you have contribution room in your TFSA and just got an influx of cash, take the cash, top up your RRSP, and top up your Tax-Free Savings Account with a lump sum, and start compounding your money tax-free faster.

It's tools like these that we love to help you use smartly to make your money work for you. Contact us if you have questions about setting up an RRSP, a Tax-Free Savings Account, or both.

 

[On screen: The CIBC logo is positioned in the upper left corner against a deep, uniform maroon background. Next to it, the text reads "CIBC Private Wealth." Below this, the slide presents the text "R&R Investment Partners" and www.rrip.ca. ]

 

[On screen: A disclaimer slide with a maroon background. White text reads, "This video is provided for general informational purposes only and does not constitute financial, investment, tax, insurance, legal or accounting advice, nor does it constitute an offer or solicitation to buy or sell any securities referred to. Individual circumstances and current events are critical to sound investment planning; anyone wishing to act on this video should consult with his or her advisor. All opinions and estimates expressed in this video are as of the date of publication unless otherwise indicated, and are subject to change."

At the bottom of the slide, in smaller text, it states, "®The CIBC logo is a registered trademark of CIBC, used under license. The material and/or its contents may not be reproduced without the express written consent of CIBC." ]

 

[On screen: The CIBC logo is positioned in the upper left corner against a deep, uniform red background. Next to it, the text reads "CIBC Private Wealth." Below this, the slide presents the text "R&R Investment Partners" and the title of the presentation "How much can I spend in retirement?" ]

 

[music]

 

[On screen: To the right is Randy Yozipovic, Senior Wealth Advisor, Portfolio Manager. He has shoulder-length wavy hair and a beard, wearing a dark suit and a light gray shirt. He is seated and appears relaxed, with one arm resting on his thigh.

To the left is Ian Munro, also a Senior Wealth Advisor, Portfolio Manager. He has short hair, a neatly trimmed beard, and is wearing a dark suit with a white shirt. His arms are folded, and he has a serious expression, looking directly at the camera.

Both are seated inside a modern office environment, with a clear view of the outdoors visible through the large glass windows behind them, showcasing a backdrop of architectural structures.]

 

IAN MUNRO: We often get asked by the retired families we work with if they spend too much or too little. In other words, they're wondering if they're going to run out of money.

 

RANDY YOZIPOVIC: It's a really complicated question because what's too much for one family can be too little for another. This topic can involve varying personal views on wealth, consumption, legacy, and stewardship.

 

IAN MUNRO: What we can suggest is that a suitable spending rate should involve your goals for a legacy to give to your kids as well as the giving you want to direct towards charitable efforts today and on death. Of course, this can be impacted by your beliefs on stewardship and money in general.

 

RANDY YOZIPOVIC: In addition, this kind of decision-making should really be done in conjunction with a well-thought-out plan or a retirement income roadmap to see the impact your decisions today will have on your future years.

 

IAN MUNRO: As you can see, the answer to this question is not only subjective, but it can be quite personal. Our mission is to work with you to determine what is right based on your goals.

 

RANDY YOZIPOVIC: The next part of our answer is simpler as it's merely a math question, and it's this, is your withdrawal rate or spending rate sustainable? Meaning, do you have enough capital and other income sources to fund your life for your expected lifespan with the spending you desire? Put another way, how do we make sure you don't run out of money?

 

IAN MUNRO: Step one, we will run a retirement income plan to share scenarios that will make this decision-making easier.

 

RANDY YOZIPOVIC: In general terms, here's what we want to do. We want to keep two years of spending in cash and then assume a rough spending rate of 4% of capital for the rest of the money you have. This is shown to be sustainable under historical conditions in a sensible equity-balanced portfolio.

 

IAN MUNRO: With two years of spending in cash and $2 million invested, a family could budget to spend $80,000 per year before taxes in addition to any other income sources they might have.

 

RANDY YOZIPOVIC: To be clear, the future is not the past and we need to always be flexible with our life and our financial expectations, but this guide is a really good place to start planning from.

 

IAN MUNRO: If the issue of retirement funds is keeping you up at night, please call us. We'd be happy to help establish a clear plan or update a current financial plan so you feel ready for a full and satisfying retirement.

 

[music]

 

[On screen: The CIBC logo is positioned in the upper left corner against a deep, uniform red background. Next to it, the text reads "CIBC Private Wealth." Below, the slide presents the text "R&R Investment Partners" and www.rrip.ca. ]

 

[On screen: A disclaimer slide with a red background. White text reads, "This video is provided for general informational purposes only and does not constitute financial, investment, tax, insurance, legal or accounting advice, nor does it constitute an offer or solicitation to buy or sell any securities referred to. Individual circumstances and current events are critical to sound investment planning; anyone wishing to act on this video should consult with his or her advisor. All opinions and estimates expressed in this video are as of the date of publication unless otherwise indicated, and are subject to change."

At the bottom of the slide, in smaller text, it states, "®The CIBC logo is a registered trademark of CIBC, used under license. The material and/or its contents may not be reproduced without the express written consent of CIBC." ] [On screen: The CIBC logo is positioned in the upper left corner against a deep, uniform red background. Next to it, the

text reads "CIBC Private Wealth." Below this, the slide presents the text "R&R Investment Partners" and www.rrip.ca. ]

 

Speaker 1:

Clients always ask if we think we're due for a market correction? The answer is always yes. In fact, we always think we're due for a market correction. Here are so as to why.

Speaker 2:

Market corrections or fluctuations are normal and it's part of the investment cycle. They should not be feared, but instead planned for and exploited. In fact, this is rule number one for behaving well with investing. If you're skeptical, let us show you how.

Speaker 1:

The red numbers on this graph show the decline of the stock market in any given year and the year in which it occurred. What you can see is that market corrections happen all the time.

Speaker 2:

For example, in 2012, the US stock market pulled back 10%, but it finished up 13%. And in 2020, the COVID pull back, the market pulled back 34% and yet the year ended up 16%.

Speaker 1:

The media on the other hand would have you believe that recovery is always in doubt and that the next correction or this current correction will be the end of the world. And that's what puts fear in people's hearts and minds. Do yourself a favor and tune that noise out.

Speaker 2:

Instead know this, every market correction in history has recovered to new all time highs. And again, even in a positive year, the market sells off on average 14%. That's right. Even when the market ends the year on the upside, it scares many out at some point during the year if there was a sell off of some type.

Speaker 1:

The key to weathering these market corrections is really quite simple. Keep enough cash on hand for two years of your spending, own quality and stick to your plan, so you never have to sell at the wrong time. If you happen to be at the accumulation phase of life, add money during market corrections. And remember, regardless of where you're at in your life, all market corrections have recovered to all time highs. So just stay the course with the plan that you built that made sense.

 

[On screen: The CIBC logo is positioned in the upper left corner against a deep, uniform red background. Next to it, the text reads "CIBC Private Wealth." Below this, the slide presents the text "R&R Investment Partners" and the title of the presentation "The Buckets: How they simplify allocating capital." ]

 

[music]

 

[On screen: To the left is Randy Yozipovic, Senior Wealth Advisor, Portfolio Manager. He has shoulder-length wavy hair and a beard, wearing a light beige suit with a white shirt. He is seated and appears relaxed, with one arm resting on his thigh.

To the right is Ian Munro, also a Senior Wealth Advisor, Portfolio Manager. He has short hair, a neatly trimmed beard, and is wearing a dark suit with a white shirt. His arms are folded, and he has a serious expression, looking directly at the camera.

Both are seated inside a modern office environment, with a clear view of the outdoors visible through the large glass windows behind them. ]

 

IAN MUNRO: Many of the families we work with often begin the investment process asking questions like, how much stock should I own, how much cash should I hold, and when should I put my money into the market?

 

RANDY YOZIPOVIC: Sometimes they're worried about investing right now as they believe the market is going to experience a correction any day.

 

IAN: This confusion can best be mitigated by following a basic three-step process, which can be illustrated by the three buckets example. The buckets can help you determine what monies are needed, when, and how to invest them accordingly.

 

[On screen: Three identical silver metal buckets with handles are aligned horizontally against a white background. ]

 

RANDY: Bucket 1, is for cash you need to spend in the next couple of years. This is money we know that's going out the door, so this money should always be in liquid investments that do not fluctuate. Keep this bucket simple all the time.

 

IAN: Bucket 2, is for money you need in the next two to three years. These funds can be balanced, some in stock, some in bonds, or even some in income notes. They can fluctuate but not as much as the broad stock market.

 

RANDY: Bucket 3, is your portfolio allocation geared for growth. This bucket should include discipline stock strategies, your work pension, your stock options, and the value of your private business and any investment property you have. This bucket should be expected to fluctuate and when it does, like the financial crisis in 2008 or March 2020, during COVID, you won't need to worry because your near-term needs are met by Bucket 1 and it'll give you the peace of mind to let this bucket mature for the longer term.

 

IAN: The result of this system means that Bucket 3 can stay invested for the long-term growth, giving it time it needs to mature.

 

RANDY: The fact is, market fluctuations do happen, and though it's easy to say that we're going to be mentally prepared, the fact is, we have to establish in advance, how we are going to behave when we see that our portfolio moves down from a million dollars to $660,000 in March of 2020 during COVID. That was a 34% market correction pullback that also recovered extremely quickly if you stayed the course.

 

IAN: A pullback like that gets your attention, and the media will play off of your fear and you're more likely to act drastically if you haven't been prepared with Bucket 1 and Bucket 2. You're much more likely to stay true to your plan if Bucket 1 is full for your near-term needs.

 

RANDY: Following this three-bucket process always gives you enough liquidity to sleep at night, while at the same time, growing your money for the future. That really is the only way to realize the real-world growth possibility of sensible strategies that are designed for long-term growth. It's critical to remember, nobody knows what the market's going to do in the short term, so following the bucket process will give you a sensible plan on how to allocate capital that will help you achieve your goals.

 

[music]

 

[On screen: The CIBC logo is positioned in the upper left corner against a deep, uniform red background. Next to it, the text reads "CIBC Private Wealth." Below this, the slide presents the text "R&R Investment Partners" and www.rrip.ca. ]

 

[On screen: A disclaimer slide with a red background. White text reads, "This video is provided for general informational purposes only and does not constitute financial, investment, tax, insurance, legal or accounting advice, nor does it constitute an offer or solicitation to buy or sell any securities referred to. Individual circumstances and current events are critical to sound investment planning; anyone wishing to act on this video should consult with his or her advisor. All opinions and estimates expressed in this video are as of the date of publication unless otherwise indicated, and are subject to change."

At the bottom of the slide, in smaller text, it states, "®The CIBC logo is a registered trademark of CIBC, used under license. The material and/or its contents may not be

reproduced without the express written consent of CIBC." ]

[On screen: The CIBC logo is positioned in the upper left corner against a deep, uniform red background. Next to it, the text reads "CIBC Private Wealth." Below this, the slide presents the text "R&R Investment Partners" and the title of the presentation "When should I take CPP?" ]

 

[music]

 

[On screen: Ian Munro, Senior Wealth Advisor, Portfolio Manager. Ian is a man with closely cropped hair and a neatly groomed beard, looking directly at the camera with a focused expression. Ian is dressed in a light gray suit with a white shirt, the top button undone. Behind him, floor-to-ceiling windows reveal a cityscape with buildings under a clear sky. ]

 

IAN MUNRO: When should I take CPP? We are often asked this question, and though the math answer is simple, the real-world answer is personal and a little more complex. The math answer says that if you have longevity in your family waiting to take CPP until age 70 is best if you will live past the age of 82. That is the age when the math favors waiting. Real life can sometimes complicate this answer.

 

[Image on screen: On a spiral notebook with black pages, the words "Canada Pension Plan" are written in yellow and white chalk. Next to the text is a chalk drawing of a hand holding cash, symbolizing the concept of savings or retirement funds. A pencil lies at the bottom of the page. ]

 

We would suggest taking CPP at 65 or 60 if it will help lower your portfolio withdrawal rate to a more sustainable level, or if one spouse will still be in a lower tax bracket and this income will be taxed efficiently. As well, some people just want their money from the government now before any permanent and unfavorable tax changes that are feared come to pass. The

reality is most retirees spend more from ages 60 to 70 than they do from 70 to 80, so more money earlier may help.

The best way to make this decision is to work with us to create a simple retirement income plan that looks at all the income and tax factors in your life. This is key as your life is different and unique from your friends. Once we have all of your factors and preferences, the answer is much clearer and particular to you. Call us if you want an update on your retirement plans and we will provide a customized path that works for you.

 

[music]

 

[On screen: The CIBC logo is positioned in the upper left corner against a deep, uniform red background. Next to it, the text reads "CIBC Private Wealth." Below this, the slide presents the text "R&R Investment Partners" and www.rrip.ca. ]

 

[On screen: A disclaimer slide with a red background. White text reads, "This video is provided for general informational purposes only and does not constitute financial, investment, tax, insurance, legal or accounting advice, nor does it constitute an offer or solicitation to buy or sell any securities referred to. Individual circumstances and current events are critical to sound investment planning; anyone wishing to act on this video should consult with his or her advisor. All opinions and estimates expressed in this video are as of the date of publication unless otherwise indicated, and are subject to change."

At the bottom of the slide, in smaller text, it states, "®The CIBC logo is a registered trademark of CIBC, used under license. The material and/or its contents may not be reproduced without the express written consent of CIBC." ]

[On screen: The CIBC logo is positioned in the upper left corner against a deep, uniform maroon background. Next to it, the text reads "CIBC Private Wealth." Below this, the slide presents the text "R&R Investment Partners" and the title of the presentation "Generating incoming in a zero rate world." ]

 

[music]

[On screen: Randy Yozipovic, Senior Wealth Advisor, Portfolio Manager. Randy with shoulder-length wavy hair and a beard sits in a modern office setting. He is a light beige suit with a white shirt and unbuttoned collar. Behind him, floor-to-ceiling windows reveal a cityscape with buildings under a clear sky. ]

 

>> RANDY YOZIPOVIC: In a world where cash pay is near zero on GIC renewal, some families can find themselves shocked, upset, or both at how low rates actually are. That's why the plan we recommend to get the income you need includes two main principles. First, don't chase yield that is unsustainable. This is often the clear path to capital destruction. Secondly, remember, you still need cash for your near-term spending needs, even if you're going to make near zero on it. The reason for this is simple liquidity lets you sleep at night and that's really critical to letting the rest of your investments mature and flourish.

 

[On screen: a complex financial chart titled "AutoCall Level (105%)" with a subtitle "Coupon Knock-Out/Buffer Level (70%)". It's designed to illustrate the performance of a specific investment strategy over time.

The chart's X-axis represents the time from the issue date in months, spanning from 0 to 60 months. The Y-axis on the left indicates the percentage of the initial level, ranging from 40% to 140%, while the Y-axis on the right tracks the dollar value from $0 to $2,000.

Red vertical bars, labeled as "Coupons", show a consistent value above 100% of the initial level, representing the regular return or payout of the investment. A gray line, labeled as "Reference Index", fluctuates below the 100% mark, depicting the performance of the market or underlying index.

Two horizontal lines serve as thresholds: the dashed line at 100% is the "AutoCall Level", where the investment is typically called or matured; the lower dashed line at 70% represents the "Coupon Knock-Out/Buffer Level", indicating a protective barrier below which the investment may not generate the expected coupons. ]

 

>> RANDY: If you begin with these two principles, you'll not only sleep better at night, but you'll have the ability to invest some of your capital for longer-term growth, and a piece that can be generating more near-term income. The income note strategy that we manage for the families we work with strives to generate 8% annually before fees in markets that decline up to 30%. What does this actually mean because everybody's fear is that the next market decline is right around the corner? It means that even when the market falls up to 30%, the income notes strategy will pay monthly coupons every month along that path, and this will provide a monthly paycheck.

 

[Image on screen: Three identical metal buckets are presented side-by-side against a white background. Each bucket appears to be made of a silver-toned material with a reflective surface. The buckets are simple in design, with circular rims, vertical striations, and side handles attached just below the top edge. Centered beneath the buckets, in clear, bold text, reads "Income Note Strategy." ]

 

>> RANDY: This can make a ton of sense to families who need an income stream even in sideways or moderately down markets. Income notes or structured notes are debt obligations issued by the major Canadian banks and aren't as secure as we deem the banks to be. In our plan, we scour all the banks for the best notes that we can find and we hold three to five diverse notes covering different sectors where the risk-reward is favorable. This strategy can also be tailored with higher or lower measures of capital protection for clients who have different risk goals.

The income note strategy is suitable for bucket two money, i.e. money you don't need for three to five years. Although the income is paid monthly in the near term, the capital could be tied up for longer, so we recommend that that set up in people's minds. We combine this with longer-term equity strategies for bucket three money that can be invested for longer-term capital growth. As long as that cash bucket is set up properly in bucket one, then we know that all three buckets are properly structured for a family's financial plan.

Please contact us if you'd like to learn more about why it's preferable to own this strategy in RSP, RIF, or tax-free savings accounts as the income is fully taxable. However, it is advisable occasionally for people to also own them in non-registered accounts where they're trying to generate income from that pot of money as well. The bottom line is, there should always be part of a simple financial plan before we implement any strategy, so feel free to reach out and we're happy to help on this.

 

[music]

 

[On screen: The CIBC logo is positioned in the upper left corner against a deep, uniform maroon background. Next to it, the text reads "CIBC Private Wealth." Below this, the slide presents the text "R&R Investment Partners" and www.rrip.ca. ]

 

[On screen: A disclaimer slide with a maroon background. White text reads, "This video is provided for general informational purposes only and does not constitute financial, investment, tax, insurance, legal or accounting advice, nor does it constitute an offer or solicitation to buy or sell any securities referred to. Individual circumstances and current events are critical to sound investment planning; anyone wishing to act on this video should consult with his or her advisor. All opinions and estimates expressed in this video are as of the date of publication unless otherwise indicated, and are subject to change."

At the bottom of the slide, in smaller text, it states, "®The CIBC logo is a registered trademark of CIBC, used under license. The material and/or its contents may not be reproduced without the express written consent of CIBC." ]

Randy Yozipovic:

One of the biggest concerns from the parents we work with who have enough or more than enough is how are they going to pass this wealth onto their children without overrunning their lives? Well-intentioned parents, they want to assist their kids but they're cautious of inadvertently creating conflict with their help. What's an example? You might give a grandchild a large sum of money in a trust. This might seem like a great idea, but maybe you didn't talk to your kids about it first and it offends them. And you never thought that would be a consequence of this generous thing you were looking to do. Or you give an inheritance to your child, but you want to keep it separate from their spouse because you think this is a good way to have asset protection. On the one hand, this might be a sensible thing to do legally, but the offset might be that it inadvertently creates marital conflict because the spouse knows that they're not included in this gift.

              These things should be thought of well in advance of what the ripple effects of our decisions might be. So our goal is to help parents navigate this path in a positive non-stressful manner that helps them focus on really and truly what their ultimate objectives are. And one way we encourage the families we work with to address this issue is to start by thinking about the long range objectives that you actually have for your family. The non-financial ones.

              For many families, these things include amazing goals like maintaining family harmony, good relationships, teaching sensible handling of money without creating entitlement and cultivating a spirit of generosity as opposed to the spirit of I need more. What are some of the ways that we can actually accomplish these goals? For starters, we can lead by example because more about money is caught than taught. So a lot of that comes from do we value ourselves relationships more than money? By doing this we can also create a spirit of giving in our family right now. You could give an early inheritance in a small amount to assist family members who are moving toward worthwhile goals such as education, purchasing a home that they can afford to maintain, starting businesses or doing charitable work.

              It's also important to remember that one day we're all going to give it all away. So be open in your communication and have a goal of preparing your children for the inevitable. Think of training the next generation this way. How differently would we teach our children how to handle our money if we were going to give them all of our money when we turned 65 and then we would entrust them to take care of us for the rest of our life? Think about that for a second. Instead of giving your money away when you die, you were going to give it all to them when you're 65 and say now it's your job to take care of me.

              Boy, we would really work hard to make sure they were good stewards because our security would totally count on it. It's questions like these that we love helping our families find answers to. And it is a process. It's a conversation and it needs to involve husband and wife, both parties, where everybody really thinks through what their longer term objectives are. So please don't hesitate to reach out to us. We love coming up with creative solutions for helping you pass on your generosity and your wealth to the next generation, and we think you'll find it to be an extremely rewarding process.

 

[On screen: The CIBC logo is positioned in the upper left corner against a deep, uniform background. Next to it, the text reads "CIBC Private Wealth." Below this, the slide presents the text "R&R Investment Partners" and the title of the presentation "The cornerstone to financial success – Investor Behaviour." ]

 

[music]

 

[On screen: Ian Munro, Senior Wealth Advisor, Portfolio Manager. Ian is a man with closely cropped hair and a neatly groomed beard, looking directly at the camera with a focused expression. Ian is dressed in a light gray suit with a white shirt, the top button undone. Behind him, floor-to-ceiling windows reveal a cityscape with buildings under a clear sky. ]

 

IAN MUNRO: It is possible to own top-rated investment funds and still not get wealthy if we fall victim to our emotions and chase manias or sell when we think the world is going to end. If you think about it, what we tell our kids is true, the only thing that we can control is our attitude. Likewise, in investing, the only thing you can control is your behavior. That is truly where we should focus our limited energy, managing our behavior during market fluctuations.

 

[On screen: A simple hand-drawn graph with a wavy line that peaks and troughs, representing market fluctuations. At the peak of the wave, the word “GREED/BUY” is indicated, while at the trough, the word “FEAR/SELL” is noted. To the right, a text humorously advises, "...REPEAT UNTIL BROKE!" Below the graph, the words “BEHAVIOR GAP” are written. ]

 

IAN: Unfortunately, most investors focus their energy on things they cannot control; inflation, interest rates, government debt, last year's top 10 stocks, and the latest news story about the crisis of the day. In addition, other investors often share their winning stories, yet, what people rarely tell you are the harrowing stories about how they got swept up in emotion and bought or sold at the wrong time and lost real money that hurt them financially and emotionally. People bury those stories.

After being on the front lines and making our own mistakes, we are here to tell you that investor behavior like the foundation of a skyscraper is the cornerstone of sensible wealth accumulation and staying wealthy. We are also here to remind you that true wealth comes from peace of mind, which is an attitude that must be learned. Peace of mind can be gained by recognizing and taking to heart this basic truth.

Markets go up, markets go down, and markets historically always recover to new all-time highs. Why does such a simple, powerful concept continue to be panned by most as irrelevant? Because humans are emotional, we are not computers. We like to think we make decisions just with our own heads, but our gut feelings often get in the way. We are prodded by the media daily about stories of get-rich-quick schemes, followed by stories of fear, both of which continue to resonate the most, as unfortunately, no one wants to hear the boring truth about good investing.

What is the antidote to this? It's to do something and the key to good investor behavior, establish a wealth plan, review it and stick to it, and stay disciplined. Take a media fast, take the news with a grain of salt, and avoid reactive decisions based on fear or greed. Be a long-range optimist. Things just work out, and we don't have to understand how it's going to happen, it just does. Know this truth, if you feel you must do something right now that contravenes your wealth plan, walk away and let cooler heads prevail.

 

[music]

 

[On screen: The CIBC logo is positioned in the upper left corner against a deep, uniform background. Next to it, the text reads "CIBC Private Wealth." Below this, the slide presents the text "R&R Investment Partners" and www.rrip.ca. ]

 

[On screen: A disclaimer slide with a background. White text reads, "This video is provided for general informational purposes only and does not constitute financial, investment, tax, insurance, legal or accounting advice, nor does it constitute an offer or solicitation to buy or sell any securities referred to. Individual circumstances and current events are critical to sound investment planning; anyone wishing to act on this video should consult with his or her advisor. All opinions and estimates expressed in this video are as of the date of publication unless otherwise indicated, and are subject to change."

At the bottom of the slide, in smaller text, it states, "®The CIBC logo is a registered trademark of CIBC, used under license. The material and/or its contents may not be reproduced without the express written consent of CIBC." ]