Discretionary Account Management

LCM manages portfolios on a discretionary basis. All policies are set out in a signed contract (Investment Management Agreement) at the start of the client relationship. All investment management at LCM is conducted using segregated accounts. Each client maintains a private account with the custodian, and investments are purchased and sold for each account on a pro rata basis at the direction of LCM. Segregated accounts are more administratively intensive to manage than a pooled fund, but the client benefits from better tax efficiency and transparency. Due to the cost of this higher level of administration, LCM’s minimum account size is $2 million – this is consistent with industry minimums which typically range from $2 million to $5 million for segregated accounts.

Custodian

TD Waterhouse Institutional Services, a subsidiary of TD Bank, handles all cash and securities for each client. No client funds are held directly by LCM.

Professional Accreditation

Daniel Lewin has been a Chartered Financial Analyst since 1996. LCM is licensed as an Investment Counsel and Portfolio Manager by both the British Columbia and Alberta Securities Commissions and is a member of NRD the National Registration Database.