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PRESENTED TO:
Institutional Investor
Kevin Janjua, CFP, CIM, FMA, DMS, FCSI Vice President & Portfolio Manager
Michael Dehal, MBA, CPA, CMA, CIMVice President & Portfolio Manager
5300 - 40 King Street WestScotia Plaza, P.O. Box 415Toronto, Ontario416-777-7090
TRUST | EXPERIENCE | TRANSPARENCY | ACCOUNTABILITY
Cash Management Advisory Services
Introduction Our Team Our Firm Client Solutions – Cash Management Services Investment Process Ongoing Communications Next Steps
OBJECTIVES OF THIS PRESENTATION
The purpose of this presentation is to introduce you to our team, our process and the extensive capabilities that enable us to serve our clients. Our objective is to determine if a relationship with us would be mutually beneficial.
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Access to the most competitive rates and yields for your cash management.
Professional team of Advisors with extensive credentials and experience in Capital Markets and Investments.
A firm with strength, depth and a history of profitability.
WHY WORK WITH US?
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Our MissionTo help our clients achieve their own unique goals by managing their assets, protecting their cash and
working within the risk framework set up by the BoD.
Our ApproachWe serve our clients with a consultative, team-based approach that examines all aspects of their
financial position. We put our clients’interests above our own or those of our firm.
Our ObjectiveTo accomplish our mission profitably, while giving back
to our community.
OVERVIEW Our Mission
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OVERVIEW Commitment to Our Clients
We make these commitments to our clients:
Protection of Privacy
A Disciplined Investment Process
Objective Recommendations
Regular and Effective Communication
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Kevin Janjua, CFP, CIM, FMA, DMS, FCSIVice President & Portfolio Manager
• 15 years of industry experience, including 4 years with Raymond James
• Kevin has experience working at a number of financial services firms in the investment industry. He has provided discretionary and non-discretionary investment advice to high net worth individuals, families and corporations. Kevin has strong knowledge of a wide array of financial products and has consistently exceeded his client’s performance expectations while working within their risk framework.
• Kevin holds a Bachelor of Economics (BA) degree from McMaster University and is a Certified Financial Planner (CFP), a Certified Investment Manager (CIM), a Financial Management Advisor (FMA), a Derivatives Market Specialist (DMS) and a Fellow of the Canadian Securities Institute (FCSI).
• Kevin was a recipient of 3 MERIT Awards as a top Financial Advisor and consistently ranked within the top quartile at each investment firm.
• Kevin is an avid supporter of Plan Canada, a global movement for change, mobilizing millions of people around the world to support social justice for children in developing countries. In addition, he is a supporter of Because I am a Girl, a global initiative to end gender inequality, promote girls’ rights and lift millions of girls – and everyone around them – out of poverty.
OUR TEAM Janjua Dehal Wealth Management Group
Our team is committed to professional development and teamwork. We participate in numerous forms of continuing education programs throughout the year to further our ability to serve our clients.
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Michael Dehal, MBA, CPA, CMA, CIMVice President & Portfolio Manager
• 15 years of industry experience, including 4 years with Raymond James
• Michael has experience in Capital Markets, Investments and Consulting working at well-known financial services firms. Michael has advised top-tier global companies on mergers and acquisitions, IPOs, buy side/sell side financial due diligence, and originating and structuring complex financial instruments. Michael has prior experience with a bank-owned firm where he was responsible for structuring Mortgage-Backed Securities on the firm's balance sheet, fair valuing the bank's portfolio of financial investments across all asset classes, and auditing the Capital Markets platform globally.
• Michael's strong experience in Institutional (Capital Markets) Trading allows our team to have a deep understanding of financial investments tailored to our Institutional Investors.
• Michael holds a Bachelor of Commerce (B.COM) degree from McMaster University; a Masters of Business Administration (MBA) degree from Queen's University; a Chartered Professional Accountant (CPA) designation; a Certified Management Accountant (CMA) designation and a Chartered Investment Manager (CIM) designation. He is an active member of Financial Executives International (Canada) and is actively involved in the Queen's School of Business Alumni Club.
• Michael is an active member of Operation Rainbow Canada, a non-profit organization providing reconstructive surgery and related health care for cleft lip and cleft palate deformities to needy children and young adults in developing countries.
OUR TEAM Janjua Dehal Wealth Management Group
Our team is committed to professional development and teamwork. We participate in numerous forms of continuing education programs throughout the year to further our ability to serve our clients.
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The Firm Has an Individual Client Focus: Raymond James is a firm with its roots in the business of providing financial guidance and planning to individual investors and families. This remains the firm’s primary business today. Raymond James has been a leader in the industry with client-focused decision-making since the company’s founding in 1962.
Full Resources of a Large, Multinational Financial Services Firm:Raymond James is one of the largest financial services firms in the United States, with the scale and resources to support a wide array of products and services. With more than 10,000 associates worldwide and revenues of $4.5 billion in 2013, the company’s business includes investments brokerage, professional asset management, insurance solutions, trust services, investment banking, and private and commercial banking.
A Culture of Independence and Objectivity: As financial advisors, we are given flexibility and independence to serve our clients without a corporate “push” of proprietary products. We have access to one of the widest platforms of product choices and account types in our industry with access to over 300 mutual funds families, 55 money managers and 34 insurance carriers.
Consistent Leadership and Independence: At the core of Raymond James are timeless beliefs in INDEPENDENCE and CONSERVATISM and a fundamental conviction to doing what is right.
Raymond James’ culture and extensive resources enable us to serve our clients effectively with their best interests as our top priority.
Raymond James has been serving Canadian investors since 2001.
OUR FIRM Raymond James Ltd.Why Raymond James?
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Despite the financial turmoil of the past few years, Raymond James has delivered 108 consecutive quarters of profitability and 29-straight years of paying dividends to shareholders. We credit much of this performance to the firm’s client-first perspective and adherence to its founding core values of professional integrity, advisor independence, and a conservative, long-term approach to investing.
In December 2013, M&A Advisor named the Raymond James Investment Banking practice “Investment Banking Firm of the Year” and Jim
Bunn, co-head of the Technology Services group, as “M&A Dealmaker of the Year.” These awards recognize excellence in deal making, restructuring and financing, and celebrate the
contributions and achievements of leading firms and professionals.
In August 2013, Raymond James analysts received a total of 17 awards in the prestigious Financial Times 2013 StarMine “Analyst Awards
for Excellence.” This ranked the firm second (tie) among all brokers in 2013.
In May 2013, Raymond James was recognized for producing the best risk-adjusted return out of nine other brokerages, banks and
advisory firms since 2009. The ranking, compiled by Bloomberg, includes some of the
largest U.S. banking firms.
2013 Total Revenue – By Business Unit
BY THE NUMBERS
STRENGTH AND STABILITY HONORS AND ACCOLADES
Approximately 10,400 associates
worldwide
Over 6,300 financial advisors
Over 2,600 locations(United States, Canada and abroad)
More than 2.6 million client accounts
Approximately $483 billion in client assets
Earnings Per Share – Trailing 10 Years
Updated 1/23/2014. Investing involves risk, and investors may incur a profit or a loss. Past performance is not an indication of future results. The information provided is for informational purposes only and is not a solicitation to buy or sell Raymond James Financial stock. The Financial Times/ StarMine Analyst awards are based on calendar-year performance of recommendations and estimates on companies that are based in the United States, Europe and Asia. StarMine, a Thomson Reuters company, objectively measures the performance of analysts based on the returns of their buy/sell recommendations and the accuracy of their earnings estimates. Dividends will fluctuate and are not guaranteed. ©2014 Raymond James & Associates, Inc., member New York Stock Exchange/SIPC ©2014 Raymond James Financial Services, Inc., member FINRA/SIPC Investment products are: not deposits, not FDIC/NCUA insured, not insured by any government agency, not bank guaranteed, subject to risk and may lose value.
OUR FIRM Raymond James Ltd.Raymond James: A Firm With Substantial Size
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• Member of the Fortune 1000
• Approximately $483 billion client assets under administration*
• Raymond James has over 6,300 financial advisors in over 2,600 locations throughout the United States, Canada and overseas. The firm also maintains an array of affiliated international offices including Paris, Nice, Cannes, Brussels, Buenos Aires, Düsseldorf, Stuttgart, Luxembourg, Geneva, Lausanne and Montevideo.
*As of 31/12/2014
OUR FIRM Raymond James Ltd.Raymond James: A Firm With Substantial Size
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CLIENT SOLUTIONSWe succeed because – and only when – our clients succeed.
Private Clients
Institutional Investors
Cross-Border Management
Putting our clients’ interests first, the Janjua Dehal Wealth Management Group delivers 3 lines of businesses to our clients:
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CLIENT SOLUTIONS Cash Management ServicesOur focus is on safety, liquidity and yield
Our Institutional Investors can earn interest rates between 1.50% - 2.00% on their cash positions
We invest in only bank issued and other financial institutions that provide insurance protection on your deposits
We offer competitive yields on Term Deposits; High Interest Savings; Government, Corporate and High Yield Bonds; and other Money Market Instruments
Cash management strategies can be structured to have staggered maturities from less than 30 days to 1 year
We work closely with Institutional Investors to manage cash positions by offering a variety of cash management strategies. Working within your investment mandate and risk framework for your cash and liquidity needs, we tailor cash management products to give you the optimum yield and cash flow. Our cash management services include offering Institutional Investors: Term Deposits, High Interest Savings, Structured Products, Foreign Exchange Management and other Corporate Treasury Services.
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CLIENT SOLUTIONS Cash Management ServicesOur focus is on safety, liquidity and yield
Current Interest Rates
Please keep in mind that rates are subject to price change and product availability. Data has been obtained from sources believed to be reliable, but accuracy cannot be guaranteed. Raymond James Ltd., is a member of Canadian Investor Protection Fund. ©2011 Raymond James Ltd.
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CLIENT SOLUTIONS Cash Management ServicesOur focus is on safety, liquidity and yield
Yield pick up: 1 year GIC versus 1 year Provincial Bond
Yield pick up of 95 bps
Please keep in mind that rates are subject to price change and product availability. Data has been obtained from sources believed to be reliable, but accuracy cannot be guaranteed. Raymond James Ltd., is a member of Canadian Investor Protection Fund. ©2011 Raymond James Ltd.
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CLIENT SOLUTIONS Cash Management ServicesOur focus is on safety, liquidity and yield
Term Deposits / GICs
1 Issuer is a CDIC member, please refer to www.cdic.ca for details2 AAT is a trade name of BMO Trust company, who is a CDIC member3 issuer is not a member of CDIC, deposits are covered by CUDIC, please refer to www.cudicbc.ca for more information.
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CLIENT SOLUTIONS Cash Management ServicesOur focus is on safety, liquidity and yield
Term Deposits / GICs: 30 to 270 days
Please keep in mind that rates are subject to price change and product availability. Data has been obtained from sources believed to be reliable, but accuracy cannot be guaranteed. Raymond James Ltd., is a member of Canadian Investor Protection Fund. ©2011 Raymond James Ltd.
30 60 90 120 180 270Coast Capital 1.75 1.85 1.90 1.90 1.95 1.90Advisor's Advantage Tr. (BMO) 1.25 1.30 1.30 1.35 1.40 1.40Canada Trust Company 1.30 1.35 1.40 1.45 1.45 1.45Canadian Western Bank 0.45 0.45 1.40 1.40 1.40 1.40Dundee Bank of Canada 1.00 1.15 1.25 1.25 1.50 1.50Manulife Bank 1.00 1.05 1.25 1.25 1.50 1.50Manulife Trust 1.00 1.05 1.25 1.25 1.50 1.50National Bank 1.10 1.10 1.20 1.20 1.25 1.25TD Mort. Corporation 1.30 1.35 1.40 1.45 1.45 1.45TD Pacific Mortgage 1.30 1.35 1.40 1.45 1.45 1.45Vancity Savings 0.50 0.75 0.85 1.58 1.75 1.81
Term Deposits/GICs: 30 to 270 days
Financial Institution Term in Days
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CLIENT SOLUTIONS Cash Management ServicesOur focus is on safety, liquidity and yield
The Credit Union Deposit Insurance Protection
http://www.cudicbc.ca/
The Credit Union Deposit Insurance Corporation (CUDIC), a statutory corporation, guarantees all deposits and non-equity shares of British Columbia credit unions as set out in the Financial Institutions Act.
CUDIC's responsibility is to administer and operate a deposit insurance fund. The Financial Institutions Commission (FICOM), an agency of the Government of British Columbia, is responsible for administering CUDIC and for administering the regulation of financial institutions operating in the province.
On November 27, 2008, the Provincial legislature passed amendments to the Financial Institutions Act to provide unlimited deposit insurance protection on all deposits in British Columbia’s credit unions. 17
CLIENT SOLUTIONS Cash Management ServicesOur focus is on safety, liquidity and yield
High Interest Savings
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CLIENT SOLUTIONS Cash Management ServicesOur focus is on safety, liquidity and yield
Money Market Rates
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CLIENT SOLUTIONS Foreign ExchangeOur foreign exchange rates are priced to win
Multi-currency transactions
Same-day to T+1, +2 or +3 settlement
Minimum trade of $100,000
Can monitor limits, take profits and call orders
Able to offer FX insight and strategy across all major currency pairs
Our dedicated foreign exchange desk offers competitive, institutional rates on CAD and USD, as well as euros (EUR), Swiss francs (CHF), British pounds (GBP), and all the other major European, Asian and South American currencies. Our liquidity and large daily volume ensures your trades are done at greatly reduced spreads compared to the bank-owned dealers.
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INVESTMENT PROCESS Capital Markets CapabilitiesRaymond James leverages its institutional businesses for the benefit of our individual clients. The firm’s work with corporate clients in the underwriting of initial public offerings, M&A advisory, venture capital and merchant banking allows us to provide our award-winning equity research and extensive capital market capabilities to our individual clients.
Raymond James’ award-winning Equity Research team supports our practice with timely analysis and market insight.
Andy MacLean, CFA, Raymond James Ltd. Private Client Strategist and Jeff Saut, Chief Investment Strategist and Chief Economist Scott Brown of Raymond James & Associates provide regular commentaries that shape our investment process.
In the 2012 Brendan Wood survey, Raymond James Sales, Trading, & Equity Research all ranked in the top 10.
Stocks: Approximately 1,000 individual companies covered by our equity research analysts; fundamental, technical and economic analysis is provided to our team
Closed-end funds: Provide research coverage on more than 600 actively managed equity and fixed income funds
Exchange-traded funds: We offer access to this growing category of listed vehicles.
Options: A dedicated group of specialists enables our team to assist eligible clients.
Public offerings: Our syndicate desk offers unique investment opportunities in initial and secondary stock offerings.
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Source: Brinson, Beebower and Associates, “Determinants of Portfolio Performance,” 1986, updated 1991 and 1995. Asset allocation does not ensure a profit or protect against a loss.
Asset Allocation Decisions:
91.5%
Market Timing: 1.8%
Security Selection: 4.6%
Other: 2.1%
INVESTMENT PROCESS Volatility
Factors in Portfolio Volatility
Asset allocation decisions are among the most important factors affecting total portfolio volatility.
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Conservative
Conservative Balanced
BalancedBalanced with Emphasis on
Growth
GrowthAggressive
Growth
Global Equity
Lower-Risk portfolios
Higher-Risk portfolios
Expe
cted
Ret
urn
An efficient frontier represents every possible combination of assets that maximizes return at each level of portfolio risk and minimizes risk at each level of portfolio return.
The above illustration depicts the typical relationship between risk and return. Generally, investors are expected to be compensated in returns for assuming higher levels of risk.
INVESTMENT PROCESS Risk and Reward
Asset allocation does not ensure a profit or protect against a loss. Standard deviation measures the fluctuation of returns around the arithmetic average return of the investment. The higher the standard deviation, the greater the variability (and the risk) of the investment returns.
Risk (Standard Deviation of Return)
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Investment Universe
(Professional Asset Managers, Mutual Funds, ETFs, Annuities, Stocks, Bonds, REITs, Alternatives, etc.)
Relevant Investments (Quality investments appropriate to your situation)
Specific Recommendations (Investments chosen for you)
INVESTMENT PROCESS Investment Options
Raymond James Research and Due Diligence
Our Quantitative and Qualitative Analysis
Knowledge of Your Personal Situation
We have access to a wide variety of investments when designing portfolios for our clients and – with the support of Raymond James research and due diligence, and our own analysis and understanding of your needs – we choose investments best suited to your needs, constraints, obligations and goals.
Please refer to disclosures on the next slide. 24
ONGOING COMMUNICATION Comprehensive Client Statements
Our Monthly Statement offers detailed information, including:
An up-front Summary of your account including:
o Change in valueo Asset Allocation chart
Cost basis (Book Value) Subtotals by asset class Detailed and chronological sorting of all
activity
Our Quarterly Consolidated Summary provides a listing of all accounts linked to your household and their value
Other features of our account communication Delivered in a simple, easy-to-read format Printed “portrait-style” and mailed in a
standard envelope
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ONGOING COMMUNICATION Online Investor Access
Complete access to your brokerage accounts, as well as in-depth research and timely commentary
Simple, easy-to-navigate design
Quick-review home page featuring account summary and other convenient links
Selection of either paper and paperless account statement delivery option
The Raymond James Client Site combines the freedom of online services with the essential support and guidance of your professional financial advisor. With this service you can review activity and balances in all your accounts, individually or combined.
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TRUST | EXPERIENCE | TRANSPARENCY | ACCOUNTABILITY
Kevin Janjua, CFP, CIM, FMA, DMS, FCSIVice President & Portfolio [email protected]
Securities offered throughRaymond James Ltd. Member - Canadian Investor Protection Fund
Michael Dehal, MBA, CPA, CMA, CIMVice President & Portfolio [email protected]
5300 - 40 King Street WestScotia Plaza, P.O. Box 415
Toronto, Ontario416-777-7090
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Cash Management Advisory Services
This presentation has been prepared by Janjua Dehal Wealth Management Group, and expresses the opinions of the authors and not necessarily those of Raymond James Ltd. (RJL). Statistics and factual data and other information in this presentation are from sources RJL believes to be reliable but their accuracy cannot be guaranteed. It is for information purposes only. Securities-related products and services are offered through Raymond James Ltd., member-Canadian Investor Protection Fund. Insurance products and services are offered through Raymond James Financial Planning Ltd., which is not a member-Canadian Investor Protection Fund. Options entail varying degrees of risk and are not suitable for all investors. Investors should not trade options unless they fully understand the strategy and the associated risks. We recommend that you consult an options qualified investment advisor before initiating any of the options strategies presented. Alternative investments are available only to those who meet specific suitability requirements including minimum net worth tests. Please review any offering materials carefully and consult with your tax advisor or accountant prior to investing. There are special risks involved with alternative investments, including liquidity, constraints, tax considerations, fee structures, potentially speculative investment strategies and different regulatory and reporting requirements. There can be no assurance that any investment will meet its performance objectives.
# Raymond James received the highest numerical score among full service brokerage firms in the proprietary J.D. Power and Associates 2012 Canadian Full Service Investor Satisfaction Study SM. Study based on 5,248 total responses measuring 20 brokerage firms and measures opinions of investors who used full-service investment institutions. Proprietary study results are based on experiences and perceptions of consumers surveyed June-July 2012.
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