T.I.P.S. - The Intelligent Portfolio Solution
This book is a compilation of the author’s lessons of a life spent studying the alchemy of finance in his book “T.I.P.S. The Intelligent Portfolio Solution”. These principles are the foundation of the client experience at Brady Doyle Advisory Group.
T.I.P.S. - The Intelligent Portfolio Solution
First and foremost know yourself. My years in Wall Street and business, in fact, became one long course in human nature. How to balance the nature of things in this world in which we live with the nature of mankind, quoting Bernard Baruch from his book, My Story. There's an expression attributed to Warren Buffett regarding the game of poker. That applies to many zero-sum games. It goes like this, if you've been in the game for 20 minutes and you don't know who the patsy is, it's you. Like poker, trading in the stock market is a zero-sum game. Every trade has both a winner and a loser, but trading is not investing. Investing as Ben Graham once defined it is the undertaking of thorough research and analysis that provides one, an assurance of principle and two, an adequate return - everything else is speculation. The primary rule of the investment advisor is know your client. The problem is that very few clients know themselves. A lack of self-knowledge is a primary obstacle to achieving investment success and Ben Graham reminds us that the biggest obstacles to investment success are often the investors themselves. It's rare for individuals to be objective in measuring their own investment performance. To do so would necessarily require an articulated investment policy and an appropriately defined benchmark for making performance comparisons.
Without that benchmark, it's nearly impossible to make an objective investment, an objective assessment of one's role as an investor, so the same mistakes keep being repeated. The results of self-directed investments are generally abysmal. This type of misdirected activity is a monumental destroyer of capital, opportunity, and in many cases hopes, dreams and lives. The statistical results for the self-directed investor are a destruction of capital at an average rate of 6 percent annually compared to the market returns, according to Dalbar. Wall Street is littered with the failed careers of people who, on the whole, were very well-prepared to achieve investment success. They had the right sort of education and plenty of experience, intelligence and contacts. They were prepared in every way except for one thing, temperament. Statistical analysis indicates that between 80 and 90 percent of investment professionals do not add value to the process. They consistently underperform their benchmarks over time. Key takeaway. Obviously, only one in 10 people can be in the top 10 percent. If you believe you're one of the lucky ones, examine yourself against an objective measure. If you think you might be one of the less fortunate majority, don't try to make investments yourself, investment decisions yourself. Seek professional help.
Brady Doyle, B.B.A., CIM, FCSI, AICB, CFP, PFP
Portfolio Manager
Originally from Charlottetown, Brady currently resides in Halifax with his wife Amy and two young sons, Duke and Jake. He has worked within the financial services industry for over 25 years with half that time at CIBC Wood Gundy. After his undergraduate degree from UPEI, Brady continued to expand his many designations in order to provide comprehensive financial solutions to clients and their families. He holds a number of professional designations including Chartered Investment Manager (CIM) and Certified Financial Planner (CFP). He is an accredited Investment Portfolio Manager with Options and Life Insurance licenses across the country. He collaborates with other professionals to ensure each client receives expert advice and holistic wealth management solutions. Brady is a member of the President’s Council – one of the highest honours bestowed on CIBC Wood Gundy Advisors.
Ross Jacobs, MBA, CIM
Investment Advisor
As an Investment Advisor with 13 years of experience in financial services, Ross provides high-net-worth families, executives, business owners and organizations with one of Canada’s most comprehensive suites of wealth management solutions. As part of each client’s tailored package, he designs and implements personalized investment portfolios, cash management strategies, as well as short- and long-term wealth plans. He also works closely with experts from across CIBC to provide his clients with a complete range of wealth services and solutions – including complex credit, business planning, and estate and trusts planning. Clients value Ross’ broad financial knowledge and experience, and his expertise and advice with respect to both business and personal finances. Ross is committed to understanding his clients’ personal and financial goals, providing exemplary service and communication, while maintaining client confidentiality, and delivering comprehensive service to preserve, diversify and grow his clients’ wealth. Ross holds a Bachelor of Commerce from Dalhousie University and an Executive Master of Business Administration from McGill University and HEC Montreal . He also holds the Chartered Investment Management and is a CFA Level II Candidate. Raised in Halifax, Nova Scotia, Ross has a strong working knowledge of French and Spanish. Ross & his wife, Natalia, recently welcomed their first child Mateo to their family.
Leanne Gillan
Financial Associate
Leanne launched her career in financial services upon graduating from the Investment Management Program at the Nova Scotia Community College Waterfront Campus in 2012. She holds various financial credentials from the Canadian Securities Institute including the Canadian Securities Course, Conduct and Practices Handbook and Wealth Management Essentials. Outside of CIBC, Leanne is very active in the dance world and teaches many ages and styles at a dance studio in Cole Harbour, her home town!
Nancy Wry-Wilton
Client Associate
Nancy has worked with CIBC for over 20 years. Growing up in New Brunswick, Nancy moved to Halifax to receive her B.A. (Economics) degree from Dalhousie University, and fortunately has not left. Nancy’s Canadian Securities Institute credentials include the Canadian Securities Course, Conduct and Practices Handbook, and the Professional Financial Planning Course. Nancy actively volunteers in the community with various organizations.
Brady Doyle, B.B.A., CIM, FCSI, AICB, CFP, PFP
Originally from Charlottetown, Brady currently resides in Halifax with his wife Amy and two young sons, Duke and Jake. He has worked within the financial services industry for over 25 years with half that time at CIBC Wood Gundy. After his undergraduate degree from UPEI, Brady continued to expand his many designations in order to provide comprehensive financial solutions to clients and their families. He holds a number of professional designations including Chartered Investment Manager (CIM) and Certified Financial Planner (CFP). He is an accredited Investment Portfolio Manager with Options and Life Insurance licenses across the country. He collaborates with other professionals to ensure each client receives expert advice and holistic wealth management solutions. Brady is a member of the President’s Council – one of the highest honours bestowed on CIBC Wood Gundy Advisors.
Ross Jacobs, MBA, CIM
As an Investment Advisor with 13 years of experience in financial services, Ross provides high-net-worth families, executives, business owners and organizations with one of Canada’s most comprehensive suites of wealth management solutions. As part of each client’s tailored package, he designs and implements personalized investment portfolios, cash management strategies, as well as short- and long-term wealth plans. He also works closely with experts from across CIBC to provide his clients with a complete range of wealth services and solutions – including complex credit, business planning, and estate and trusts planning. Clients value Ross’ broad financial knowledge and experience, and his expertise and advice with respect to both business and personal finances. Ross is committed to understanding his clients’ personal and financial goals, providing exemplary service and communication, while maintaining client confidentiality, and delivering comprehensive service to preserve, diversify and grow his clients’ wealth. Ross holds a Bachelor of Commerce from Dalhousie University and an Executive Master of Business Administration from McGill University and HEC Montreal . He also holds the Chartered Investment Management and is a CFA Level II Candidate. Raised in Halifax, Nova Scotia, Ross has a strong working knowledge of French and Spanish. Ross & his wife, Natalia, recently welcomed their first child Mateo to their family.
Leanne Gillan
Leanne launched her career in financial services upon graduating from the Investment Management Program at the Nova Scotia Community College Waterfront Campus in 2012. She holds various financial credentials from the Canadian Securities Institute including the Canadian Securities Course, Conduct and Practices Handbook and Wealth Management Essentials. Outside of CIBC, Leanne is very active in the dance world and teaches many ages and styles at a dance studio in Cole Harbour, her home town!
Nancy Wry-Wilton
Nancy has worked with CIBC for over 20 years. Growing up in New Brunswick, Nancy moved to Halifax to receive her B.A. (Economics) degree from Dalhousie University, and fortunately has not left. Nancy’s Canadian Securities Institute credentials include the Canadian Securities Course, Conduct and Practices Handbook, and the Professional Financial Planning Course. Nancy actively volunteers in the community with various organizations.
Bruce Morrison
Estate Planning Specialist
Bruce believes that the key to working successfully with clients is talking to them, not just about their needs, but also their life objectives and how insurance can assist them in the achievement of their goals. Prior to joining CIBC Wood Gundy, Bruce was with a leading insurance company where he was the Director of Sales for National Accounts. In addition to his sales and management roles, he also brings experience from the actuarial side of the desk. This perspective allows him to have a deeper understanding in dealing with insurance needs. Bruce brings with him a strong analytical and mathematical background, having earned his MSc. in Mathematics from Dalhousie University.
Thomas Elinesky
Estate Planning Specialist
Thomas is a proponent of wealth management and believes that the key to successful financial planning is listening to clients’ needs and life objectives with a focus on how the use of life insurance can assist them in achieving their goals. He previously worked at one of the most successful independent financial planning firms where he primarily provided estate planning and retirement solutions. In addition to his sales and client relationship experience, Thomas also worked with one of the largest insurance companies on the product service and development side allowing him to build in-depth knowledge of current and past insurance products.
Craig Merriam, CFP, FMA, RRC
Financial Planning Specialist
As a Financial Planning Specialist, Craig supports Investment Advisors in delivering integrated financial planning services to our clients. Craig began advising CIBC clients in 2002 as a Financial Advisor. He uses a personable and consultative approach to understand clients’ aspirations and develop Financial Plans that can help them accomplish their goals. Community involved, Craig has served as a past committee chair for the Halifax Chamber of Commerce and has helped run youth sports teams in various capacities.
Lindsay Logie, JD
Senior Trust and Estate Consultant
Lindsay Logie is a Senior Trust & Estate Consultant with CIBC Trust Corporation. Lindsay provides will, trust and estate planning solutions to high net-worth individuals from across Nova Scotia. Born and raised in Halifax, Lindsay graduated with a Bachelor of Arts degree from the University of King’s College, before going on to obtain her law degree from Dalhousie University. Lindsay practiced law in Halifax for several years before joining CIBC Private Wealth Management, and is a member of the Halifax Estate Planning Council and the Society of Trust and Estate Practitioners (STEP).
Bruce Morrison
Bruce believes that the key to working successfully with clients is talking to them, not just about their needs, but also their life objectives and how insurance can assist them in the achievement of their goals. Prior to joining CIBC Wood Gundy, Bruce was with a leading insurance company where he was the Director of Sales for National Accounts. In addition to his sales and management roles, he also brings experience from the actuarial side of the desk. This perspective allows him to have a deeper understanding in dealing with insurance needs. Bruce brings with him a strong analytical and mathematical background, having earned his MSc. in Mathematics from Dalhousie University.
Thomas Elinesky
Thomas is a proponent of wealth management and believes that the key to successful financial planning is listening to clients’ needs and life objectives with a focus on how the use of life insurance can assist them in achieving their goals. He previously worked at one of the most successful independent financial planning firms where he primarily provided estate planning and retirement solutions. In addition to his sales and client relationship experience, Thomas also worked with one of the largest insurance companies on the product service and development side allowing him to build in-depth knowledge of current and past insurance products.
Craig Merriam, CFP, FMA, RRC
As a Financial Planning Specialist, Craig supports Investment Advisors in delivering integrated financial planning services to our clients. Craig began advising CIBC clients in 2002 as a Financial Advisor. He uses a personable and consultative approach to understand clients’ aspirations and develop Financial Plans that can help them accomplish their goals. Community involved, Craig has served as a past committee chair for the Halifax Chamber of Commerce and has helped run youth sports teams in various capacities.
Lindsay Logie, JD
Lindsay Logie is a Senior Trust & Estate Consultant with CIBC Trust Corporation. Lindsay provides will, trust and estate planning solutions to high net-worth individuals from across Nova Scotia. Born and raised in Halifax, Lindsay graduated with a Bachelor of Arts degree from the University of King’s College, before going on to obtain her law degree from Dalhousie University. Lindsay practiced law in Halifax for several years before joining CIBC Private Wealth Management, and is a member of the Halifax Estate Planning Council and the Society of Trust and Estate Practitioners (STEP).