At Allain & Associates, we believe that it's important
to make it clear to our clients and potential clients
what we do, how we do it and what type of work and
results you can expect from us. As well, we
want you to know what our expectations are should you
choose to work with us. Full disclosure and transparency will
serve as the foundation for a
productive and prosperous client practitioner relationship.
Motivate, educate, empower, and lead our
of being autonomous and financially independent
with the freedom to do what you want, when you want, how
Scope of Our Services
step comprehensive financial planning
retirement planning, investments, taxes, insurance, and
estate planning challenges are woven together into a
personalized strategy designed to meet your life goals and
Our specialty is personalized financial and retirement
planning. Our core competency includes the design and
implementation of investment portfolios to meet
your intended goals and objectives. We are always working to
enhance our knowledge in this area and are
confident of our advice in this respect. You can count on
us as your source for financial and retirement planning
service and products.
Under our holistic business model, clients have access to
a full range of expertise. We are backed by a
well-integrated team of specialists which include lawyers,
accountants, actuaries, pension specialists, mortgage
planning experts and more. Whenever we come across a
situation that would be more appropriately handled by
another specialist, we promise that we will make the
appropriate referral. It is worth noting, we do not
receive referral fees from other professionals to whom you
may be referred.
Through the professional staff of our back office
provider, Investia Financial Services Inc., a mutual fund
dealership, we are equipped to transact financial
services in several fiscal areas designed to meet your
needs, including investment savings plans, RRSPs,
IPPs, RESPs etc. We also offer insurance based
solutions such as annuities, life disability, critical
illness, long term care, and group insurance products
through our Managing General Agent, Ten Star Insurance
Brokers Inc.. It is worth noting, - we are unencumbered
by proprietary product constraints. As such, our
independence allows us the freedom to act with complete
impartiality in looking after our client's best interest
Our Value Proposition
are an independent full service financial
planning and wealth management practice. Concentrating
exclusively on that business, we are dedicated solely
to the quality management of the financial and investment
interests of our clients.
offer a full range of services and products to meet the needs of individuals, families, business professionals,
or owner/managers - be it capital growth; investment income;
retirement, estate, education or tax planning; or life
insurance. We pride ourselves on providing a level of
personal service and attentiveness that has distinguished
us in our business.
The Value of Independent Advice
Our independence is our strongest attribute which helps to differentiate us from our competitors. Independence means no proprietary products, or sales quotas. Our independence gives us the flexibility to choose from the best products available in the market place.
We are 100% independent. Why is this important? - Because there would never be a conflict of interest when selecting the most suitable investment or insurance products to fulfill a client's needs. We simply would never put ourselves in a position where selling an in-house financial product would benefit our practice or Investia Financial Services more than our client. Our independence allows us to offer financial solutions congruent with our client's needs.
Our Business Principles
put the best interests of our clients first
and respond to change on behalf of our clients
confidentiality without compromise
our human resources, capital and reputation as our most
out excellence and take pride in professionalism
creativity and imagination
and reward teamwork
profitability and to share in it with generosity
our size as a valued asset
the highest personal ethical standards
We believe that fulfilling our vision to be the best
full service Independent Financial Planning practice
embodies a client centered focus. This means providing personal attention. Listening to your
concerns, and providing a sounding board for your ideas.
As educator and coach, we help provide the discipline
you'll need to achieve your goals by keeping you
We believe that a financial plan is at the heart of a
While everyone's plan is unique, a financial plan should
address four basic elements: Your financial goals and
priorities, how much wealth you have now, your current
saving and spending patterns, and a saving and investment
strategy that allow you to reach your goals within your
We believe in synergy, the whole is greater than the sum
of its parts.
We strive to serve as our clients' chief financial
advisor. As part of this role, we coordinate the
activities of existing professional advisors such as tax
accountants, and estate lawyers. The result being a better
integration of the various elements in the financial
planning process. I.e., risk management, taxation, estate
We believe that the best client/practitioner
relationships are partnerships, with responsibilities on
You are paying us to share our expertise, help you develop
you financial plan, provide you with regular updates, keep
you informed about investment and other planning
opportunities, and provide referrals to other experts as
needed. What we expect from you is full and honest
disclosure, a commitment to achieving your goals, be clear
about the degree of risk you are willing to take, and
keeping us informed when your financial circumstances
We believe that the fundamental investment risk is not
losing one's money, but outliving it.
Risk has changed, because life has changed. People are
looking at upwards of 30 years of retirement, and in 30
years consumer prices triple. So the risk isn't loss of
principal, it's the extinction of your purchasing power
while you're still alive.
We believe therefore, that the only safety lies in the
accretion of purchasing power.
If risk is the unyielding grinding down of purchasing
power over time, safety can only be the building up of
purchasing power. We define accretion of purchasing power
as a positive return from our investments, net of
inflation and taxes. Investments which provide such a
return are by our definition, safe. Those that do not are
not. By this definition, common stocks are by far the
safest financial instrument in the long run.
We believe that the great long-term risk of stocks is not
On July 8, 1932, the intra-day low of the Dow Jones Industrial Average was 40. In
January of 2000, the Dow closed at 11,700. The intervening
period was the worst in human history: Depression, WWII,
Cold War. However anecdotally, we surmise from this data
three things: The right time to buy stocks is now (as long
as you have the money); the right time to sell them is
never (unless you need the money); the great risk is not
We believe that everything you need to know about the
movement of stock prices can be summed up in eight words:
the downs are temporary; the ups are permanent.
We never mistake fluctuation for loss. Stock prices go
down all the time - 25% or so on an average of every 5
years - but since they never stay down, it turns out not
to matter. Markets fluctuate, but do not create losses.
Only people can create permanent loss by mistaking a
temporary decline for a permanent decline, and panicking
out. No panic, no sell. No sell, no lose. The enemy of
investment success is not ignorance, it's fear. So it's
our faith, not our knowledge, that saves the investor's
We don't believe in individual stocks, we believe in
managed portfolios of stocks.
We can break a pencil; We cannot break 50
pencils tied together. That's diversification.
Thus: one stock can go to zero. Stocks as an asset class
can't go to zero. There is also the issue of
professional management. In 1967, NYSE volume was 80%
individual and 20% institutional. Today, it's around 80/20
the other way. We like the story of David and Goliath as
much as anybody does, but the key to that story is that
there was only one Goliath. When you're still David, but
almost everybody else in the game is Goliath, you're going
down. You can't beat 'em. Join 'em.
We believe that dollar-cost averaging will make the
dumbest person in the world wealthy.
The more knowledge you have, the more you try to
outsmart the market, and the worse you do. The more you
see the market as long-term inevitable/ short-term
unknowable, the more you're inclined to just dollar-cost
average, and the better you do. Dollar-cost averaging
rewards ignorance with wealth.
We don't believe in being afraid of the next 25%
We are afraid of missing the next 100% uptick.
We have noticed that we have no ability whatever to
time the markets. Still, we have found a way to manage
the risk of missing the next 100% uptick down to zero.
It's called staying fully invested all the time.
We believe that fear, not ignorance, is the primary cause
of the failure of most investment plans.
In the end, which investments people buy is less
important. The thing that matters most is what people
do - or with the proper advice, don't do - when those
investments are down 25% - 30%, which they will one day
We believe in increasing foreign content in registered
portfolios well beyond the current constraint of 30%.
A number of studies commissioned by IFIC and others have
quantitatively proven that diversifying more of your
portfolio outside of Canada's 3% of world markets would
have helped your bottom line and provide more money to
help support your retirement. There are a number of
methods to maximize your international holdings above the
The information contained in this commentary is designed
to provide you with general information only, and is
not intended to be comprehensive advice applicable to
the circumstances of any individual. We strongly urge
you to seek professional assistance before acting upon
information included herein.