Frequently Asked Questions
HOW IS A PORTFOLIO MANAGER DIFFERENT FROM a FINANCIAL PLANNER, MUTUAL FUND ADVISOR, OR STOCKBROKER?
A portfolio manager is trained to manage clients’ entire portfolios, rather than just selling or trading investment products.
Learn about the difference between a portfolio and a fund.
What is Kaleo?
The name “Kaleo” is a portmanteau of Kennedy, Allison, and Leo—the names of founder Ian Quigley’s two daughters and nephew.
In Greek, “kaleo” means “to invite.”
How are holdings selected?
We have a team of student equity analysts who do a rigourous, multi-phase examination of every potential holding. An average of 40 hours of guided and mentored research are spent on each new potential purchase, after which our analysts present their findings to our portfolio managers. The portfolio managers make a decision to buy or not depending on the assessment.
WHAT IS THE MINIMUM ACCOUNT SIZE FOR Kaleo?
How much ARE THE FEES?
Qube charges a monthly management fee. After the first three years, our fees are generally:
- 1.45% at $250,000
- 1.3% at $500,000
- 0.9% at $1,000,000
- 0.8% at 3,000,000
- and negotiable at $5M plus
We report custodial and trading charges separately, and we strive to keep them under 0.10-0.25% per annum. View a more detailed explanation of our fees here.
WHO HOLDS my invested ASSETS?
Your assets are held in segregated accounts as qualified custodian (for example, National Bank Independent Network [NBIN]), who acts as the custodian of your assets and is a member of the Canadian Investor Protection Fund (CIPF). More information on coverage provided by the CIPF can be found here.
HOW CAN I BE SURE THAT my ASSETS ARE SAFE?
Your portfolio is held in your name at National Bank Independent Network. Qube never takes possession of client securities, and we never handle client cash. Additionally, all Qube employees sign an annual compliance acknowledgement.
We also ask you that you designate a Trusted Contact Person. If ever we need to reach you and are unable to do so, we will contact the person you appointed.
WHAT AUTHORITY DOES QUBE HAVE Over my ASSETS?
HOW WILL I STAY INFORMED ABOUT My PORTFOLIO?
Both Qube and its chosen custodian (e.g., National Bank Independent Network [NBIN]) provide reporting on your portfolio and its transactions.
We send you an expansive quarterly reviews that include:
- Position summaries of all investments within your account
- Trading and account transaction details
- Performance benchmarking
- Projected income from interest and dividends
Depending on your preference, our team also offers annual or semi-annual meetings to review the portfolio, its performance, strategy, and social position. Current clients may log in to view their documents.
On a monthly basis, NBIN reports:
- Portfolio statements
- Trade confirmations
- Dividend income
- Tax slips