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At retirement, you need cash each month to live from your portfolio, equal to the difference between your monthly living needs and CPP, OAS and other pensions.
Steve puts together for you a portfolio of income producing investments that generate enough income to help fill that gap. Where this income plus your CPP, OAS and pensions is enough to meet your needs, you don’t have to worry if the market goes down. The income still gets generated and your needs continue to be met without touching capital. And when you pass away, that capital can pass to your loved ones to help meet their needs.
Steve builds this portfolio by your having direct ownership of individual blue-chip dividend paying stocks, preferred shares and bonds as this is the lowest cost way to invest so you keep most of your income.
Financial planning advice is included so that if life happens to you, your goals aren’t derailed in the process.
(I) Steve doesn’t work with thousands of families, not even hundreds (He did but no longer). He works with 32 families. You work directly with him, not some assistant or relationship manager.
(II) Steve wants you to have all the time you need for your financial planning and investing, so he limits his business to no more than 40 families. This would keep me as busy as I want to be and yet allow me to spend the time needed with you to do good work for you.
(III) He wants to know who you are, what you do, your family situation, your goals and fears, your financial situation, your risk tolerance, and your preferences.
(IV) He wants you to directly own high quality income oriented investments and do so at a low cost. In essence, he is developing for you a reliable steady tax preferred income for you to live on so that you need not spend capital to meet your retirement living needs.
(V) Steve works together with you and looks forward to answering your questions and hearing your ideas anytime or at our regular periodic meetings. Your being involved helps you become more knowledgeable about investments and controlling risk as well as our making better investment decisions for you. In the end it is your money and you need to have confidence it is being best managed to meet your needs.
(VI) Steve wants to make sure that you become financially independent and achieve your goals. He wants your odds of getting there that much more likely because of our working together.
(VII) Steve works with an independent portfolio management company that puts no production quotas or pressure on him.
(VIII) Steve wants you to have a bank owned custodian with the accounts directly in your name to safeguard your life savings.
(IX) Lastly, Steve wants you to get good value for what you pay, that you achieve your goals, and that we work together with you and your family over your lifetime.
Steve, a Canadian of Finn-Swedish decent, was born and raised in Burnaby, B.C.
He received his Bachelor of Business Administration (BBA) degree from Simon Fraser University in British Columbia, Canada in 1989 and Master of Business Administration (MBA) degree in 1990 from EU Business School, a private business school headquartered in Switzerland with campuses in Barcelona (Spain), Munich (Germany), Geneva and Montreux (Switzerland).
From 1992 to 1996, Steve worked with David Shymko of Macdonald, Shymko & Company Ltd. – a fee-only financial planning firm. Here he learned the art of financial planning. During those years, Steve obtained his professional financial planning credentials of the Registered Financial Planner (R.F.P.) in 1995, and the Certified Financial Planner (CFP) in 1996.
Steve joined Stan Clark at the Park Place office of CIBC Wood Gundy in 1998. For ten years, he worked on the investment side designing and managing customized family stock and bond portfolios in addition to his financial planning responsibilities. In 2005, he obtained his Canadian Investment Manager (CIM) designation. In July, 2008, Steve joined Robert Wells at the Kerrisdale office of CIBC Wood Gundy under an agreement to buy into Mr. Wells’ business.
In August 2010, Steve joined the portfolio management firm of Lycos Asset Management Inc where he builds family portfolios and provides financial planning advice and service.
Although Steve welcomes any family that is serious about investing in their future, Steve is best able to help clients with a minimum of $500,000 to invest. We need this dollar amount to move to directly holding individual stocks and bonds in order to lower your annual costs and to be able to diversify them properly to manage risk. We also like to hand-pick the blue-chip individual stocks and bonds that are dependable income payors.
Although $250,000 is the minimum, Steve’s typical client has an investment portfolio of about $750,000. We also waive minimums for referrals of client friends and family.
Steve prefers to deal with families that: (i) are willing to leave their investing in the hands of a capable seasoned professional that they trust, (ii) value buying quality investments, and (iii) have the patience and faith to allow quality at a good price to translate to superior returns.
If this sounds like you, please contact Steve directly to set up a no-obligation meeting by calling: (604) 288-2083 (extension 2) or by email: Steve@lycosasset.com
Investments, Retirement Planning, Tax Planning, Wills & Estates
100% Fee, I charge a fee based on the percentage of investment assets that I manage
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