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The Smith Falconer Team Smith Falconer Financial Group
January 2017 eUpdate


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333 Bay St.
28th Floor, West Tower
Toronto, Ontario
M5H 2R2

lois.smith@cibc.ca
Tel: 416 594-7967
rodney.falconer@cibc.ca
Tel: 416 956-6248
Toll Free: +1 800 263-3803
Fax: 416 594-7951


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Enhanced performance reporting is now available

Time vs Money, Weighted Rate of Return

Your new year-end account report is now available. The statement will help you better understand how your investments are performing and how much they cost you. These additional details, required by the Canadian Securities Administrators, provide you with clarity regarding the fees that we, as your investment advisory team, receive for your accounts. The fees are not changing — the only difference is that they now appear more clearly on your statement. You will find this new report with your December statements either online or with your mailed version.

On the new report you will also see an individual or money-weighted rate of return for each account. The money-weighted rate of return considers not just the performance of the investments you hold in the account, but also the size of any deposits or withdrawals. It is unique to each account and can be a useful tool to help you determine if you are on track to meet your goals.

To provide more clarity, we would like to direct you to a short video (found under Enhanced Performance Reporting) to better understand this change in how your performance will be calculated.

Smith Falconer Financial Group welcomes this industry change. We look forward to guiding you through it. Feel free to contact anyone at our office with questions.


Very best regards,
CIBC Wood Gundy




Smith Falconer Financial Group

CIBC Wood Gundy is a division of CIBC World Markets Inc., a subsidiary of CIBC and a Member of the Canadian Investor Protection Fund and Investment Industry Regulatory Organization of Canada.


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