Six reasons to consolidate your investment accounts

Juggling investment accounts at several financial institutions can be a headache. Without an overview of your assets, each of your advisors must work with incomplete information. And you may find yourself holding duplicate investments that detract from diversification. Have you thought about combining all your investments under one roof? Consolidation could benefit your portfolio. Here’s why.

1. Time is precious
Perhaps you feel the need to review your investments in light of your fast-approaching retirement or, on the contrary, maybe you find your strategy isn’t aggressive enough. If you do business with several financial institutions, reviewing your investments may take longer than you think.

Not only will you have to make multiple appointments, but you’ll also have to repeat the process and answer the same questions each time: risk tolerance, state of your finances, future projects, etc. Doing multiple reviews can be time-consuming and tedious.

With all your investments in one place, you can review all your holdings during a single meeting. If you consolidate your assets in the FÉRIQUE Funds, you’ll enjoy the additional advantage of needing no appointment. With a simple phone call, you can get guidance from the Advisory Services team at FÉRIQUE Investment Services, the main distributor of the FÉRIQUE Funds.

2. Lower costs

In addition to management fees, financial institutions may impose transaction, statement and even mailing charges. Scattering your investments can increase such costs. Moreover, most financial institutions restrict their service offering on the basis of your asset level. If your investments are fragmented among different institutions, you could miss out on financial planning services and get less bang for your buck.

Consolidating your investments could reduce the costs you pay. Moreover, consolidating them at FÉRIQUE Investment Services doesn’t involve any additional costs. If your assets invested with FÉRIQUE Investment Services total $750,000 or more, including the assets of your spouse and your firm, you’ll be entitled to personalized Private Wealth services.

3. Invaluable overview

With all your investments in one place, your mutual fund representative or financial planner has a complete picture of your portfolio holdings and financial situation – an important factor that contributes to informed investment advice and accurate projections. This is especially true if you’re nearing retirement. You’ll need to ensure your withdrawal strategy is adapted to your needs.

4. True diversification

Diversifying the assets in your portfolio is a key way to reduce risk and generate a better return over the long term. But investing with different financial institutions may detract from diversification. You could find yourself holding duplicate investments that increase your risk exposure unduly.

If your accounts are consolidated, your advisor will have a better understanding of your assets and can guide you in your choices more effectively, ensuring your holdings are complementary and correspond to your investor profile.

5. Better control

Even if you manage to diversify your investments properly at different institutions, they will evolve over the years. Depending on their returns, some asset classes or geographic regions may become overweighted. Your portfolio may no longer match your investor profile. With an overview and guidance from an advisor who knows your investments well, you can more easily keep your portfolio in line with your goals and risk tolerance.

Through FÉRIQUE Investment Services, you can also invest in turnkey Portfolios adapted to various investor profiles. In addition to offering excellent diversification, the weight of the various assets in the Portfolios is adjusted on a regular basis to maintain the characteristics for which you chose it.

6. Easier withdrawals

This is the ultimate step and the goal of your many years of investing. Consolidating your investments facilitates the development of a withdrawal strategy as well as transactions such as the transfer of funds from a registered retirement savings plan (RRSP) to a registered retirement income fund (RRIF).

Ready to consolidate your assets?
The Advisory Services team at FÉRIQUE Investment Services will contact your financial institutions to make the arrangements for you. All it takes is one phone call.

Advisory Services
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Friday 8 am to 5 pm
T 514 788-6485
Toll Free 1 800 291-0337
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Legal Notice
FÉRIQUE is a registered trademark of Gestion FÉRIQUE and is used under license by its subsidiary, Services d'investissement FÉRIQUE. Gestion FÉRIQUE is an Investment Fund Manager and assumes management duties in relation to the FÉRIQUE Funds. Services d'investissement FÉRIQUE is a Mutual Fund Dealer and a Financial Planning Firm, as well as the Principal distributor of the FÉRIQUE Funds. Please note that for commercial purposes, Services d'investissement FÉRIQUE is also known in English as FÉRIQUE Investment Services.

There may be brokerage fees, trailing commissions, management fees and expenses associated with investment in the Funds. Management expense ratios vary from one year to another. Please read the prospectus before investing.

Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. The hypothetical rates of return or mathematical tables are used only to illustrate the effects of the compound growth rate and is not intended to reflect future values of the mutual fund or returns on investment in the mutual fund.

The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns.

The information contained in this article does not constitute an offer or a solicitation of any nature in any jurisdiction in which such an offer or solicitation would not be authorized or to any person to whom it would be illegal to make such an offer or solicitation. The information contained in this article does not constitute specific advice of a financial, legal, accounting or fiscal nature concerning investments. You should not act or rely on the information without seeking the advice of a professional.