Why Consider a Discretionary Advisor
Why Consider a Discretionary Advisor
Choosing a discretionary portfolio manager means choosing a higher standard of professional care. In Canada, this designation represents one of the most advanced roles in the investment world. It requires additional education, years of experience, and a clearly defined investment approach that is regularly reviewed and monitored. Most importantly, discretionary managers have a fiduciary duty — they’re legally obligated to act in your best interest at all times.
But what does that really mean for you?
With a discretionary relationship, you give your advisor the authority to make investment decisions on your behalf — within a clearly outlined plan that you both agree on from the start. This allows your portfolio to be managed more efficiently and proactively, without needing to call you for permission every time a change needs to be made.
To put it into perspective: imagine two advisors each working with 100 clients. A traditional advisor must call or email every single client to get approval before making any changes — which can take days or even weeks. By the time the changes are made, the market opportunity may have passed.
A discretionary portfolio manager, on the other hand, can act immediately and apply changes across all portfolios at once. This can lead to better results, faster action in dynamic markets, and a more consistent experience for every client.
Ultimately, it’s about trust. When you work with a discretionary advisor, you’re choosing someone who understands your goals and is empowered to act in your best interest — quickly, confidently, and with care.
This information has been prepared by Jack Fournier and Travis Kidson, who are Portfolio Managers for iA Private Wealth and does not necessarily reflect the opinion of iA Private Wealth. The information contained in this newsletter comes from sources we believe reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors. The Portfolio Managers can open accounts only in the provinces in which they are registered.
Insurance products are provided through iA Private Wealth Insurance Agency which is a trade name of PPI Management Inc. Only services offered through iA Private Wealth, are covered by the Canadian Investor Protection Fund.
Beacon Wealth Partners is a personal trade name of Jack Fournier and Travis Kidson.