Mackie research capital wealth managent

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Wealth Management

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Mackie Research Capital Corporation is one of Canada’s largest independent full service investment firms, and proudly traces its roots back to 1921. We are privately owned by more than 350 of our employees. As a fully integrated national investment dealer, we offer a full complement of capital markets and wealth management services to private clients, institutions and growth companies.

Independent ThoughtAt Mackie Research Capital Corporation, independence, innovation and integrity are the foundations of our success. From the pre-boom markets of the early 1920s to the present, Mackie Research Capital Corporation has remained an independently-owned firm. We provide our clients with unique products and exceptional personalized service. Our pursuit of innovative approaches distinguishes us as one of a kind. Independence allows our experienced investment advisors, knowledgeable team of investment bankers, dedicated institutional sales people and top-rated research analysts to do what they do best – provide objective, unbiased advice that is tailored to our clients’ needs.

Service A cornerstone of the Mackie Research Capital Corporation tradition is our commitment to service. We offer customized portfolio management and investment services to private clients and institutional investors, financial advisory and investment banking services to early stage through mid-cap companies.

Whether the relationship is between investor and advisor, high net worth individual and portfolio manager, start-up company and venture capitalist, or mid-cap growth company and equity financier, we’re in it for the long term. Our team possesses extensive investment management experience, with client relationships dating as far back as the 1930’s. We build relationships that last.

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Private Client Services – Wealth Management Our growing Private Client Services Group is comprised of over 125 Investment Advisors located in branches across Canada. We currently have more than $3.2 billion in assets under administration. Private Client Services focuses on high net worth clients.

Successfully creating and managing wealth requires ongoing financial management using the best available professional resources and a wide range of financial products and services.

Mackie Research Capital Corporation provides full wealth management services which enable you to identify and meet your financial and life goals. This process begins with a review of your personal information and current financial situation, sets goals and objectives and develops strategies to meet those goals. Portfolio development and investment product selection are followed by regular reviews and monitoring.

Wealth Management includes the following areas:n Asset Accumulation

n Retirement Planning

n Estate Planning

n Risk Management/Insurance

n Charitable Giving

n Other Tax Advantaged Savings Plans



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Successfully creating and managing wealth requires ongoing financial management using the best available

professional resources and a wide range of financial products and services.

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Wealth Management

The Choice is YoursAt Mackie Research Capital Corporation, we offer the flexibility to choose not only the type of relationship you want to have with your Investment Advisor and how much involvement you wish to have in managing your wealth, but also how you pay for their services.

Commissions or Fee Based Fee-based accounts are one of the fastest growing investment options in North America. Fee-based offers the convenience of a predictable, all-inclusive asset-based fee instead of transaction based commissions. With no transaction costs, you have more freedom to achieve your unique investment goals. The account fee is tax deductible for non-registered accounts.

However, some investors still prefer transactional based commissions. The freedom to choose is yours.

Investment Counselor AccountThe MRCC Investment Counselor Account provides you with the benefit of professional investment management and discipline. With a minimum of $100,000 to invest and for one inclusive fee, your Investment Advisor can bring together a diversified multi-manager solution to suit your investment needs, with the flexibility, control and tax advantages of owning a wide range of individual securities. ”


The freedom to focus on what is important to you,and the confidence that your wealth is being managed

according to the high standards you demand.

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Wealth Management

Managed Portfolio AccountsAs a client of our Managed Portfolio Accounts program, your personal Portfolio Manager will work with you to custom-design an investment strategy based on your unique requirements. The process begins with establishing your investment objectives, risk tolerance and time horizons, discussing asset mix guidelines and security selection criteria. Your Portfolio Manager will work within this framework to manage your investment portfolio on your behalf, freeing you from the daily details. Your RSP, IPP, RIF, RESP, and TFSA can all be part of your managed portfolio as well.

At Mackie Research Capital Corporation you have direct access to your personal Portfolio Manager.

Your portfolio will be constantly monitored by your Portfolio Manager and any necessary revisions, whether due to changes in market conditions or your personal situation, can be acted upon in a timely manner.

You will receive regular updates on the progress of your portfolio, with statements detailing the activity in your account and providing the current market value of each of your holdings. You will also have access to review your account through our secure online service.




An estate plan ensures the simple, tax-efficient, and prompt transfer of your wealth to the next generation.“

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A Mackie Research Capital Corporation www.mackieresearch.com www.mackieresearch.com Mackie Research Capital Corporation 7”Estate Planning

No matter what your net worth, it is important to have an estate plan to reduce the taxes and expenses of your estate. An estate plan ensures the simple, tax-efficient and prompt transfer of your wealth to the next generation.

Did you know that:

n When you die, all your assets including RRSPs, RRIFs and vacation properties are deemed to have been sold at market value and your estate must pay taxes on the resulting capital gains. This can reduce your estate by as much as 48%.

n Probate fees may also be payable by your estate, usually set as a percentage of the value of your estate. In Ontario a $1,000,000 estate would have to pay a $14,500 “estate administration fee”. Other expenses could include both executor and legal fees.

n If you die without a will, provincial laws will decide how your wealth is dispersed according to strict formulas and only after many months of delay.

n An enduring power of attorney can ensure important decisions about your financial and personal situation can be made in the event you are incapacitated.

n A succession plan ensures your private business interests won’t be at risk.

Solutions can be as simple as leaving registered assets to a spouse, or financially dependant minor child or grandchild. Others may call for the expertise of an insurance expert or a succession planning and tax professional.

Planned charitable giving can also be used to reduce taxes.



Preserving your wealth for your heirs and beneficiaries.“

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Estate Planning

Insurance Insurance is an important part of any estate plan. The proper insurance policy can provide your estate with the liquidity needed to pay final taxes, probate fees, capital gains and settlement costs, while preserving much of your wealth for your heirs and beneficiaries.

If a beneficiary is named, the death benefit payment from an insurance policy will be tax-free and not subject to probate fees.

Insurance can also be used to plan charitable donations by your estate.

Factors to consider include:

n Wealth, income and expense levels of your dependants

n Significant foreseeable expenses

n Inheritances you wish to leave

n Lifestyle you wish to provide for your dependants

Our in-house insurance experts are here to help your Investment Advisor evaluate your insurance needs and find the products that best suit your unique situation.

Insurance services are available through Mackie Research Financial Services Inc.

Succession Planning and Tax ProfessionalsWe offer the professional advice of outside partner firms who specialize in succession planning and work with you and your advisor in planning for the preservation and transfer of your wealth and minimize the potential expenses

Charitable GivingThe charitable donation of securities and mutual funds has substantial tax benefits, and can generate a tax credit worth as much as 46% of the value of the donated securities.

Charitable giving as part of an estate plan can have even greater tax benefits. Charitable donations of up to 100% of income can be claimed by your estate. Any excess can be claimed on the return for the previous year.

As many charitable organizations are not equipped to handle such donations, we facilitate all aspects of your donation to ensure it is completed smoothly.

Whether it’s a one time or recurring donation or you want to create a legacy to provide for the ongoing funding of your philanthropic wishes, Mackie Research Capital can ensure your charitable giving is managed in a tax effective manner.



We offer customized portfolio management and investment services to private clients and institutional investors,

financial advisory and investment banking servicesto early stage through mid-cap companies.

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Cash and Equivalents Fixed Income Equities Other AlternativesMoney Market Funds Federal and Provincial

Government BondsCommon Shares (Canadian and Foreign)

Mutual Funds

GICs Corporate Bonds Preferred Shares: (Canadian and Foreign) fixed maturity, perpetuals, fixed or floating rate dividends

Segregated Funds

Canadian and US government Treasury Bills

USD denominated Corporate Bonds

Exchange Traded Funds (ETFs)

Limited Partnerships and Private Placements

High Interest Savings Accounts USD denominated Provincial Government Bonds

American Depository Receipts (ADRs)

Derivative Strategies: covered calls, portfolio hedging

Bankers Acceptances Strip Bonds Real Estate Investment Trusts (REITs)

Life Insurance and Annuities

Income Trust Units

Options and Warrants: index and stock options, LEAPs, long and short positions

Risk Management Products and ServicesnLife Insurance and Annuities

nDisability Income Insurance

nCritical Illness Insurance

nMedical and Health Insurance (while in Canada and traveling)

Corporate Products and ServicesnEmployer sponsored Registered Pension Plans) RPPs,

Registered Retirement Savings Plans (RRSPs) and Deferred Profit Sharing Plans (DPPs)

nEmployer sponsored Health and Dental Plans

nCorporate Investment, Life and Disability Product

Insurance services are available through Mackie Research Financial Services Inc. ”

Products & Services

Investment ServicesnManaged Portfolio AccountsnIndividual and Spousal Registered Retirement Savings Plans (RRSPs)nLocked-in RRSPs/Locked-in Retirement AccountsnTax Free Savings Accounts

nIndividual Pension PlansnRegistered Retirement Income FundsnLife Income FundsnRegistered Educations Savings PlansnFee-based Accounts

Investment Products


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We provide our clients with unique products and exceptional personalized service.

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Opening Your AccountWhen opening your account you will complete an account application form with your Investment Advisor or Portfolio Manager. You will also be asked to agree to the terms set out in our client account agreement.

Mackie Research Capital Corporation is required by IIROC regulations and other laws to gather certain information about you. We may be unable to open an account for you if you are unwilling to provide this information.

While these are the minimum information requirements, Mackie Research Capital Corporation may request additional information depending on the type of account and services you request.

Help Us Understand Your NeedsIn order to determine the suitability of proposed recommendations, your Investment Advisor or Portfolio Manager needs to understand your complete financial situation, investment needs, objectives, experience and tolerance for risk. You will be asked to provide the following information:

nMarital Status and Spousal Information

nAge

nOccupation and Employer for both client and spouse

nIncome and Net Worth

nNumber of Dependants

nRisk Tolerance

nInvestment Objectives, Knowledge and Experience



We are fully committed to understanding your needs and helping you achieve your financial goals, whether your account

is for an individual, family, corporation, trust, foundation, or charitable organization.

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A Mackie Research Capital Corporation www.mackieresearch.com www.mackieresearch.com Mackie Research Capital Corporation 15”Additional InformationYou are also required to provide Mackie Research Capital Corporation with information required by federal legislation, international agreements etc. To comply with all applicable legal requirements, you will be asked to provide:

nDate of Birth nSocial Insurance Number

nFull Legal Name nIdentification – to verify your identify Mackie Research Capital Corporation accepts a valid passport, a valid driver’s license, a birth certificate or a landed resident card.

nHome Address nCitizenship

nHome, Business, Cellular and Fax Numbers, and Email nAny third party who has a financial interest or trading authority over your account

These accounts may require additional information or documentation:

nEstate Accounts nCorporate Accounts

nTrust Accounts nCharitable Foundation Accounts

nOffshore Accounts


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Your Assets Are Safe With Us

Where Your Securities Are HeldMost of our clients’ securities are held at the major securities depositories such as Clearing and Depository Services (CDS ) and Depository Trust Company (DTC). All securities which have been fully paid for by our clients are required by regulation to be segregated. Segregated means that the assets are held in trust for our clients and are not commingled with Mackie Research Capital Corporation’s own assets. If the client owes Mackie Research Capital Corporation money, we are only permitted to not segregate enough securities to fully margin the amount of the client’s debt. All remaining securities must be held in segregation for the client. Securities and cash balances held in registered plans are all held by the Royal Trust Company in custody for our clients.

When you are reading your statement you can see which securities have been segregated by looking at the “asset location” next to each security position on the statement. Those which have been segregated are noted as such. Our compliance with the segregation rules is tested periodically by our external auditors and the regulators.

Insurance Coverage Protects Your AssetsMackie Research Capital Corporation has Financial Institution Bond coverage in the event of a loss of securities due to fraud, theft, fire, or similar types of events. Our clients have coverage to protect them in the event that Mackie Research Capital Corporation were to become insolvent. The first level of protection comes from the Canadian Investor Protection Fund (CIPF) which provides the same level of protection for every investment dealer in Canada. This covers a shortfall of up to Cdn $1,000,000 per client for any combination of cash and securities. In addition, Mackie Research Capital Corporation has purchased additional coverage from Lloyd’s of London which raises the limit to Cdn $2,000,000 per client. Most investors will have two accounts, a general account and a retirement account that are each eligible for $2,000,000 coverage. Full details of CIPF are available at www.cipf.ca.

The CIPF and excess insurance coverage described above applies to any shortfall in assets. All segregated assets would first be distributed to the clients. Typically the shortfall, if any, would be substantially less than the full value of the account, even if that value were in excess of $2,000,000.

Mackie Research Capital Is Financially StrongMackie Research Capital Corporation has a strong balance sheet and a regulatory capital base which is much higher than most independent dealers. We don’t trade in complex derivatives and our cash resources are conservatively invested in treasury bills and bankers acceptances. We know exactly what we own and what market risks we take. Boring maybe, but we don’t like surprises.


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Corporate Information

TORONTO199 Bay Street, Suite 4500 Commerce Court West, Box 368Toronto, ON M5L 1G2T. (416) 860-7600F. (416) 860-7671

mONTReal4 Place Ville-Marie, Bureau 100 Montréal, QC H3B 2E7T. (514) 399-1500F. (514) 399-1540

ReGINa2400 College Avenue, Suite 501Regina, SK S4P 1C8T. (306) 566-7550 F. (306) 565-3718

CalGaRySte 900, Le Germain Office Tower110 - 9th Ave SWCalgary, AB T2P 0T1T. (403) 218-6375F. (403) 218-6376

ST. albeRT28 Mission AvenueSuite 201St. Albert, AB T8N 1H4T. (780) 460-6460F. (780) 460-6461

VaNCOuVeR1055 Dunsmuir Street, Suite 564 Box 49356, Four Bentall Centre Vancouver, BC V7X 1L4T. (604) 662-1800 F. (604) 662-1803

The opinions, estimates and projections contained herein are those of the author as of the date hereof and are subject to change without notice and may not reflect those of Mackie Research Capital Corporation (”MRCC”). The information and opinions contained herein have been compiled and derived from sources believed to be reliable, but no representation or warranty, expressed or implied, is made as to their accuracy or completeness. Neither the author nor MRCC accepts liability whatsoever for any loss arising from any use of this report or its contents. Information may be available to MRCC which is not reflected herein. This report is not to be construed as an offer to sell or a solicitation for an offer to buy any securities. Member-Canadian Investor Protection Fund / member-fonds canadien de protection des épargnants.

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Mackie research capital wealth managent

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