Skip to Main Content
  • CIBC.com
  • CIBC Private Wealth
  • CIBC Websites
Client Login
  • Home
  • Our Team
  • How We Help
    • Our Philosophy
    • Our Process
  • Three Guarantees
  • Who We Help
  • A Second Opinion
  • Contact us
  • Services
    • Our solutions
    • Portfolio partner
    • Referrals
  • Articles
    • Ten tenets
    • Money under the mattress
    • Less stress
  • Market insights
  • Community
  • CIBC.com
  • CIBC Private Wealth
  • CIBC Websites
  • Client Login
 CIBC Private Wealth, Wood Gundy  CIBC Private Wealth, Wood Gundy

Ilya Soliterman & Toby Soliterman

  • Home
  • Our Team
  • How We Help
    • Our Philosophy
    • Our Process
  • Three Guarantees
  • Who We Help
  • A Second Opinion
  • Contact us

Portfolio partner

Address 500 Centre Street SE 27th Floor Calgary AB, T2G 1A6
Telephone Number (403) 355-3152
Email Email us
Email Email
Telephone Number Tel

Portfolio partner

 

A premium portfolio service customized to your needs

Portfolio Partner is an optional CIBC Wood Gundy investment platform, which replaces transaction fees with a flat monthly or quarterly fee.

Here is how it works:

If you are a buy-and-hold type investor working with me, a buy-and-hold type advisor, you probably don't make too many changes to your account holdings. However, as time goes by and the circumstances change, some trading in the account becomes necessary. This is particularly true if you regularly add or withdraw funds from your accounts, prefer to crystallize short-term capital gains, employ stop-loss strategies, or trade options.

And even if you rarely do these things, the rules of proper asset allocation require that on the regular basis, say quarterly, we review your portfolio holdings and make adjustments.

Every "buy" and "sell" trade involves transaction costs, and depending on your investing style you might save a lot by joining the Portfolio Partner service. Within it you pay a flat fee (a certain percentage of your combined accounts value) and then trade with zero commissions all year. Actually for most accounts the number of free trades is limited to 100 per year, but that's way more than my investors usually require.

Here is a summary of the Portfolio Partner benefits:

  • A flat fee is charged monthly or quarterly, making it easy for you to see how much the investment services cost. We will even send you a fee summary statement every year.
  • 100 or more free trades (depending on the size of your combined accounts) in a calendar year. The ability to trade at no cost might allow you to react faster to the changing market conditions, which in the current environment is a bonus. Just don't overdo it.
  • Preferred interest rates on Canadian and US cash balances.
  • Waived administration fees on RRSPs and RRIFs.

How would you know which service is better for you? Would you rather pay a separate commission on each trade (a traditional arrangement introduced in 1792 under a buttonwood tree), or a flat monthly fee within the CIBC Partner platform?

To help you decide we can provide you with the record of trading commissions you've paid in the past. If you annualize this amount and compare it with the expected Portfolio Partner fees, the answer would become clear.

To receive the Portfolio Partner information package, or to discuss this further, please call me at 403-266-0148.

Regards,

Ilya.

 
 
  • Rates
  • FAQ
  • Agreements
  • Trademarks & Disclaimers
  • Privacy & Security
  • CIRO AdvisorReport
  • Accessibility at CIBC
  • Manage Cookie Preferences
  • Cookie Policy
 Canadian Investment Regulatory Organization  Canadian Investor Protection Fund

CIBC Private Wealth” consists of services provided by CIBC and certain of its subsidiaries through CIBC Private Banking; CIBC Private Investment Counsel, a division of CIBC Asset Management Inc. (“CAM”); CIBC Trust Corporation; and CIBC Wood Gundy, a division of CIBC World Markets Inc. (“WMI”). CIBC Private Banking provides solutions from CIBC Investor Services Inc. (“ISI”), CAM and credit products. CIBC Private Wealth services are available to qualified individuals. Insurance services are only available through CIBC Wood Gundy Financial Services Inc. In Quebec, insurance services are only available through CIBC Wood Gundy Financial Services (Quebec) Inc.


CIBC Private Wealth services are available to qualified individuals. The CIBC logo and “CIBC Private Wealth” are trademarks of CIBC, used under license.