The Separately Managed Account (SMA)

 

The future of investing is here...

 

What is an SMA?

SciVest provides its clients discretionary investment management services within each client’s own individual Separately Managed Account (“SMA”).  An SMA is your own individually managed investment account in which you wholly and directly own in your name each and every individual security. SciVest simply has trading authority over your SMA so that SciVest can execute trades within your account. SciVest has no authority to move money or securities into or out of your account – we can only execute trades on your behalf within your SMA.

Where is my account held?

Your investment account is set up at one of our approved broker/custodians – currently either Interactive Brokers Canada Inc. or Aviso Correspondent Partners (also known as Aviso Wealth). As broker they provide brokerage trade execution of your SMA security trades and as custodian they hold and protect all of your SMA investment portfolio assets. The broker/custodian also provides all tax reporting, as well as Canadian Investor Protection Fund (“CIPF”) insurance on your SMA. Our broker/custodians were chosen because of their large size, safety, service offering, and competitive pricing.

Fees & Expenses

SMA expenses fall into four (4) categories – In order of magnitude and importance, they are...

 

Investment Management Fees

Investment Management Fees

The fees charged by SciVest for providing you our discretionary investment management services.

The fee is charged monthly to your SMA directly, and may be tax deductible on a non-registered account. 

Withholding Taxes, if any...

Withholding Taxes, if any...

Any foreign dividends (non-Canadian) received from foreign country securities.  For example, U.S. company dividends have a 15% withholding tax.

Minimal Trading Commissions

Minimal Trading Commissions

Our custodians were chosen because of their large size, safety, service offering, and competitive pricing.  Each custodian has different pricing options, and we will recommend the custodian that is best suited to your needs. 

Custodian or Account Fees, if any...

Custodian or Account Fees, if any...

Any fees charged by the custodian to hold or administer your account. 

Ask us for more information!

 

Ultimate Transparency

Ultimate Transparency

Our strategically engineered reporting format is unique to the Canadian marketplace.  We pride ourselves on providing our clients with comprehensive time weighted performance.  

CFA Society PMAC OSC CIPF member CIRO CFP Saskatchewan ALBERTA Securities Commission BC Securities Commission

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