Frequently Asked Questions

+ WHO ARE OUR CLIENTS?

Our clients include individual investors, corporations, endowment funds, charitable foundations, pension trusts and retirement funds.

+ WHAT IS THE MINUMUM ACCOUNT SIZE FOR OUR DIRECT STOCK HOLDING PORTFOLIOS?

Our minimum account size is $250,000.

+ WHAT ARE THE FEES FOR OUR DIRECT STOCK HOLDING PORTFOLIOS?

Working directly with a portfolio manager is a little different, from a fee perspective, than when purchasing a mutual fund or dealing with an investment advisor:

  • We believe fees are important and we position ourselves to be competitive
  • Our fees are transparent and reported to you on a quarterly basis
  • Your costs are typically less than what you would pay for a mutual fund
  • Qube charges a monthly management fee that is reported on your statement. On our investment mandates many of our fees (after the first three years) tier as follows: at 1.45% ($250,000) decreasing to 1.3% ($500,000), 0.9% ($1,000,000), 0.8% (3,000,000) and negotiable ($5M plus). See our specific mandates for more information
  • Custodial charges, including fees to trades securities, are separately charged and reported. You can clearly see the fee picture on your statement and we aim to keep all custodial and trading charges under 0.10-0.25% per annum.

+ WHAT IS A PORTFOLIO MANAGER?

A Portfolio Manager is a professional investment manager. To be qualified as a Portfolio Manager, extensive academic and practical investment research experience is required. A Portfolio Manager will design and manage an investment portfolio that is consistent with the client’s financial goals, including long-term capital appreciation, current income requirements, risk tolerance, and tax minimization.

+ WHY DO INVESTORS NEED A PORTFOLIO MANAGER?

Investors may need the services of a Portfolio Manager if they are too busy to research and manage their own investments.

+ HOW IS A PORTFOLIO MANAGER DIFFERENT FROM FINANCIAL PLANNERS, MUTUAL FUND ADVISORS AND/OR STOCKBROKERS?

A Portfolio Manager is trained to manage an investor’s entire portfolio, rather than just selling or trading investment products.

+ WHAT IS AN INVESTMENT POLICY STATEMENT?

An Investment Policy Statement is a document that is agreed between the investor and Qube Investment Management Inc. at both the start of the relationship and on a regular basis. The Investment Policy Statement allows the investor to describe Investment Objectives, Income Requirements, Tax Considerations, and Other Investment Considerations that will be used to guide the creation and ongoing management of the portfolio.

+ WHO HOLDS THE ASSETS OF YOUR MANAGED PORTFOLIO?

Your assets will be held in segregated accounts at National Bank Financial, 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 at: http://www.cipf.ca/docs/default-source/brochures/4470-cipf_brochure_v2_pdf_english-(electronic-web).pdf?sfvrsn=8

+ HOW CAN YOU BE SURE THAT YOUR ASSETS ARE SAFE?

Your portfolio is held in your name at National Bank Financial. As with other portfolio managers, Qube never takes possession of client securities and we never handle client cash.

+ WHAT AUTHORITY DOES QUBE HAVE OVER YOUR ASSETS?

We have the authority to execute buy and sell transactions within your account at National Bank Financial.

+ HOW WILL YOU BE INFORMED ABOUT YOUR PORTFOLIO?

Both Qube and National Bank Financial provide reporting on your portfolio and its transactions. National Bank Financial reports all purchase and sale transactions, dividend income and other activity as it occurs on a monthly statement. Qube provides a quarterly consulting review to expand upon the National Bank statements.

+ DOES QUBE ACT INDEPENDENTLY OF THE BANKS?

Qube has no affiliation with the banks, which is to say that yes, we always act independently of any bank influences.