Popowich Karmali Advisory Group

THE POPOWICH KARMALI ADVISORY GROUP PROCESS

Our process begins with you. We recognize that all the questions and uncertainty surrounding retirement have their root in lifestyle. Specifically, our clients want to ensure that they can achieve or maintain the lifestyle they want after they stop working. We start with your personal vision of what you want your lifestyle to be, and that becomes the foundation and guide for your individual, customized financial solution.

With your input, we will translate that lifestyle vision into concrete numbers to create measurable, realizable goals. Then, using our unique asset dedication platform, we build and structure your financial assets in order to achieve those goals. We will work with you to ensure you stay informed and engaged with all of our investment recommendations. Our goal is to give you the advice you need to make the best possible decisions so you can have all the experiences you want in retirement.

ASSET DEDICATION PLATFORM - "THE FOUR BUCKETS"

Our asset dedication platform, known to our clients as 'The Four Buckets', is a simple way of looking at your retirement assets that addresses the conflicting goals of growth, protection, stability and flexibility to give you peace of mind. Your assets are grouped into four notional 'buckets' to cover all your financial needs - income, growth, healthcare and your legacy.

The Four Buckets is a way of looking at your retirement assets that addresses the conflicting goals of growth, protection, stability & flexibility.

[Your biggest concerns are at the heart of our strategy]

[Man looking at his laptop]

[CIBC logo. CIBC Private Wealth. Popowich Karmali Advisory Group]

[PKAG.ca]

Faisal Karmali 00:01

Number one biggest concern, do I have income for the rest of my life?

[Couple reviewing paperwork]

Dave Popowich 00:05

Retirement can be an extended period of time. 30, 35 years and inflation can erode money over that period of time. So you still need growth.

[Couple sitting on the beach]

[Woman sitting at her laptop, reviewing paperwork]

Faisal Karmali 00:12

As I age, I will need some sort of health care protection and when I pass away, I'm going to leave a legacy to the people I love.

[Couple talking over a cup of coffee]

[Man with cane looking out the window]

[Family walking on the beach]

Dave Popowich 00:18

It's the connection between all of the different buckets, tax, linking it all back ultimately to the plan and the vision that the family has that makes our practice unique.

[Woman looking around at skyscrapers]

[Man with briefcase walking down stairs]

[Couple working at laptop]

[Popowich Karmali Advisory Group]

[Visit us at PKAG.ca]

[Call to book a meeting 403-266-0147]

[CIBC Private Wealth consists of services provided by CIBC and certain of its subsidiaries, including CIBC Wood Gundy, a division of CIBC World Markets Inc. The CIBC logo and “CIBC Private Wealth” are trademarks of CIBC, used under license. “Wood Gundy” is a registered trademark of CIBC World Markets Inc. David Popowich, Faisal Karmali, Leanna Wachniak, and Rob Gerrie are Investment Advisors with CIBC Wood Gundy in Calgary. The views of David Popowich, Faisal Karmali, Leanna Wachniak, and Rob Gerrie do not necessarily reflect those of CIBC World Markets Inc. Clients are advised to seek advice regarding their particular circumstances from their personal tax and legal advisors. If you are currently a CIBC Wood Gu

Income Bucket
The Income Bucket is designed to provide predictable, sustainable, tax-efficient income for life. In order to achieve this, we:

Reverse engineer your family's lifestyle to determine your income needs
Perform an in-depth cash flow to income analysis
Determine the "income gap", identifying potential deficiencies in your income
Develop and implement income generation strategies to meet your lifestyle needs
Prepare risk mitigation strategies for your income flow, reducing the risk to your lifestyle
Perform an annual income tax analysis to minimize your tax liabilities.

Growth Bucket

The Growth Bucket is designed to provide a professionally managed investment portfolio with the goal of achieving above-average returns, in order to replenish your income stream in perpetuity. In order to achieve this, we:

Partner with major research firms to provide in-depth global economic analysis
Regularly communicate major economic condition changes and their impact on you
Develop investment strategies that are responsive to the current environment
Move swiftly and cost-effectively to adjust your portfolio's mixture of stocks, bonds, cash and other instruments to maximize return while minimizing risk
Work with leading global financial sub-advisors to deliver our goal of above-average returns
Implement investment growth strategies to overcome and minimize the impact of inflation and tax

Health Bucket
The Health Bucket is designed to protect your family's quality of life in the event of a health issue. In order to achieve this, we:

Analyze and determine the risk to your income or assets in the event of a health issue
Understand the quality of life you want to maintain in the event of a health issue
Create and implement a financial strategy to counter risks due to health issues
Promote a health consultation by well-respected physicians
Explore alternative medical strategies where required
Update medical tax strategies as required in response to changes by the government.

Legacy Bucket
The Legacy Bucket is designed to provide the comfort of knowing your assets will be passed on in the way that you wish. In order to achieve this, we:

Determine your wishes for intergenerational wealth transition
Together with our internal team of experts, we can help prepare your draft will, power of attorney and personal directives, or work with the legal services provider of your choice to create the documents
Create a family and charity decision tree for your estate plan
Quantify and optimize the tax liabilities in your estate plan
Regularly review and make changes as required to your estate plan

Tax

Tax is an integral part of all financial planning, so we look at it both from an overall portfolio perspective and in connection with each of the buckets. Utilizing our '3D' tax overlay model (deduct, defer, divide), we test each of the four buckets to ensure that your plan is optimized for tax-efficiency.

Strategy and Research

The Popowich Karmali Advisory Group has a dynamic investment strategy, with a philosophy driven by a top-down economic thesis overlaid on your specific lifestyle goals and reviewed for tax implications.

Products

As a team, the Popowich Karmali Advisory Group is not tied to one product group. We are licensed across the spectrum of all financial products and we view them collectively as tools to help you to achieve your specific solutions rather than inventory to be sold. As there are material tax differences among the different capital pools that you may own (for example, holding corporations, professional corporations, registered and non-registered capital), our customized solution will utilize the financial product most beneficial and best designed to reach your specific goal. All financial products that we recommend are thoroughly researched, matched to your lifestyle goals, and consistent with our investment thesis based on our current economic call.

Transparency and Accountability

Our team practices full transparency. We do not begin the investment process without providing a fully documented plan that includes your goals, mutually agreed-upon recommendations, and full transparency regarding any fees you may pay, including a specific dollar figure. Our practice is also fully fee-based, meaning you pay a fixed percentage rate which covers all of our services. This further aligns the interests of our team with your goals; we have no incentive to make trades for the purposes of generating commission, but only to make recommendations and decisions that will increase your net worth. The fee rate is determined by the size of your portfolio, how actively managed the assets are, and the particular financial products required to meet your specific goals.

Our ongoing service model is based on regular 'road-map' reviews. Although each of these reviews will have a market review element, the focus of each of these meetings is to ensure that the plan that we have in place still reflects and is achieving your holistic goals and priorities. We are comfortable using technology to maintain contact, and are available whenever you have questions about your retirement.

As a largely discretionary investment practice, our clients are generally involved in a strategic capacity, rather than on every tactical trade (the implementation of that strategy). Although we are open to an arrangement that allows you a 'do-it-yourself' portfolio where you select the individual holdings, we believe the value provided by the Popowich Karmali Advisory Group is to remove the worry and stress of individual stock-picking and provide a complete portfolio solution. This means that you will not be constantly called with offers for new securities and regarding every trade in your portfolio (perfect for those who are snowbirds, travel frequently, or who do not want the stress of making highly-detailed investment decisions), but fully expect your participation on any strategic decisions and portfolio changes being contemplated due to changes in the economic environment or material changes to your personal circumstances. This will ensure the continued alignment of your financial situation with your goals, while reducing your stress and the amount of work you may need to do to maintain your portfolio.