You deserve high standards

Richmond|Goodman Wealth Management directs a proprietary investment strategy ideally suited for Private Clients, Business Owners, Family Offices, Endowments and Charities. Depending on our client's needs, we deliver consistent, top-rated investment performance and experienced wealth planning. As a valued partner, we help our clients meet their financial goals using one of the most disciplined and tactical strategies possible.

We are discretionary Portfolio Managers operating within Richardson Wealth Limited – one of Canada's most respected independent wealth companies. Our performance consistently ranks in the top 20% of all Canadian equity strategies on Mercer Consulting's manager universe (over 120 in total) – since inception. More importantly, our risk measures rank first, second or third lowest (lower is better) over the same period.¹

 

A customized TouchStone Wealth Strategy includes these principles

Have a Plan. Execute it well.

While having a well-thought-out plan is important, we all know that life is not quite that simple. As one of the preeminent thinkers ☺ of our time, boxer Mike Tyson, said "Everybody has a plan…until they get punched in the face". We are solidly in your corner as life unfolds. It's what we do – we help to the best of our abilities – and bring our broad network of good, capable, independent and resourceful professionals to your side – to assist you in achieving your goals.

We do what's best for our client – always.

Most investment advisors have good intentions. Very few take it to a higher level, achieving a fiduciary responsibility managing people's wealth. The difference is that a fiduciary Portfolio Manager must do what is always best for a client – versus other advisors who are only required to do what is suitable. Your doctor and lawyer are fiduciaries – we think your investment person should be too. We are.

Learn from experience: adapt to the present.

With a combined 90+ years of experience in private banking, retirement planning, a bank-owned brokerage, a boutique investment counsellor – and now with one of Canada's most respected wealth management firms – we have a clear understanding of the investment landscape – past, present and evolving trends. If that sounds like the first paragraph of our memoirs, rest assured, it is not. We focus on writing the next chapter every day. The grand sum of our experiences has taught us to understand the past, live in the present, and be at the forefront of emerging trends.

"It's not about knowledge – it's about discipline."

We insist that all potential clients meet with us so we can explain exactly what it is that we do for them. One of our new clients complimented us with the quote above.² However, if you expect us to be all knowing – you will be disappointed: If you expect us to be very disciplined – you will be pleasantly surprised. We have many clients with an engineering or science background, and we like to think it's because we exhibit rules-based disciplines and a consistent application of our process.

Warren Buffet's business partner Charlie Munger said "A lot of other people are trying to be brilliant, and we are just trying to stay rational. And it's a big advantage." We are neither brilliant nor are we oracles – but we do know what's important.

Credible accountability.

It's a fact that 75% of investment managers underperform their benchmarks over time. However, when asked, 75% of managers' think' that they are above average.³ We submit our performance data each quarter to Mercer Investment Consulting (a $16 Trillion+ Pension consultant)⁴ for independent third-party validation. So, we not only think we beat our benchmarks, we know we do.

Higher performance standards. Strong results – with less risk.

We strive to deliver investment results at or near the top of our peer group. We also strive to remain among the best risk managers of our peer group over the same time frame.

 

1. Mercer Consulting Canadian/Pooled Equity Universe as of December 31, 2023 (Since Inception) Total Strategies = 126
2. Thomas P. 2017
3. (James Montier, Behaving Badly, February 2, 2006)
4. www.mercer.com