1. Greg Flower Wealth Management
Discretionary Wealth Management
2018 Forecast Event
Calgary
Tuesday February 6

2. Disclaimer
The information included in this document, including any opinion, is based on various sources believed to be reliable, but its accuracy and completeness is not guaranteed and Leede Jones Gable Inc.. does not assume any liability in providing it.  The information provided is current as of the date appearing on the document and Leede Jones Gable Inc... does not assume any obligation to update the information or give a description of further developments relating to the securities or material discussed.  It is for information only, is subject to change at any time, and does not constitute an offer or solicitation to buy or sell any securities referred to.  The information presented here and any financial service being offered is directed only at persons who are residents of a Canadian province or territory where Leede Jones Gable Inc.. is licensed.  Leede Jones Gable Inc.. is not permitted to recommend buying, selling or holding securities of any issuer to which it is related, and in the course of a distribution, to which it is connected, unless it makes a complete statement of its relationship, if any.  Leede Jones Gable Inc.. is not permitted to recommend buying of any secondary market securities of an issuer for whom it is actively engaged as an underwriter of a new issue.  Leede Financial Markets Inc., their affiliates, directors, officers, and employees may buy, sell, or hold a position in securities of a company mentioned herein, its affiliates or subsidiaries, and may also perform financial advisory services, investment banking or other services for, or have lending or other credit relationships with the same.  Directors, officers or employees of Leede Jones Gable Inc. may serve as directors of any company mentioned herein, its affiliates or subsidiaries.  © Leede Jones Gable Inc   Member CIPF and IIROC.
Transactions in options carry a high degree of risk. Purchasers and sellers of options should familiarize themselves with the type of option (i.e. put or call) which they contemplate trading and the associated risks. You should calculate the extent to which the value of the options must increase for your position to become profitable, taking into account the premium and all transaction costs. The purchaser of options may offset or exercise the options or allow the options to expire. The exercise of an option results either in a cash settlement or in the purchaser acquiring or delivering the underlying interest. If the option is on a future, the purchaser will acquire a futures position with associated liabilities for margin (see the section on Futures above). If the purchased options expire worthless, you will suffer a  total loss of your investment which will consist of the option premium plus transaction costs. If you are contemplating purchasing deep-out-of-the-money options, you should be aware that the chance of such options becoming profitable ordinarily is remote. Selling ("writing" or "granting") an option generally entails considerably greater risk than purchasing options. Although the premium received by the seller is fixed, the seller may sustain a loss well in excess of that amount. The seller will be liable for additional margin to maintain the position if the market moves unfavorably. The seller will also be exposed to the risk of the purchaser exercising the option and the seller will be obligated to either settle the option in cash or to acquire or deliver the underlying interest. If the option is on a future, the seller will acquire a position in a future with associated liabilities for margin (see the section on Futures above). If the option is "covered" by the seller holding a corresponding position in the underlying interest or a future or another option, the risk may be reduced. If the option is not covered, the risk of loss can be unlimited. Certain exchanges in some jurisdictions permit deferred payment of the option premium, exposing the purchaser to liability for margin payments not exceeding the amount of the premium. The purchaser is still subject to the risk of losing the premium and transaction costs. When the option is exercised or expires, the purchaser is responsible for any unpaid premium outstanding at that time.
Not all securities are suitable for every investor.  If any of the securities interests you, please feel free to contact Greg Flower at The comments and opinions expressed herein reflect the personal views of Greg Flower. They may differ from the opinions of Leede Jones Gable Inc.. and should not be considered representative of the research beliefs, opinions or recommendations of Leede Jones Gable Inc..

3. Leede Jones Gable Inc. National Firm; Independent; Retail Focused;
Over 150 Advisors
Rated #1 firm to do business by advisors
(Investment Executive – 2016 Brokerage Report Card)
Independent;
No bank affiliation
No internal product
No cross selling
Retail Focused;
No pressure to sell Corporate Finance product
Owned by Employees and Advisors;
Secure;
CIPF Insured
2.5 Billion in Assets
Full Service.

4. The Current Investment Dilemma
Traditionally, retirement portfolios would hold a large portion of Bonds
Unfortunately, in the current environment their yield would not finance many retirements
A portfolio of large cap dividend paying stocks can be built to pay out a yield higher than that paid by a portfolio of investment grade bonds.
Current equity environment does not forecast the type of growth seen over the past few decades
Equities are more volatile
How does an retiree create a portfolio that would finance a retirement in this
environment without taking undue risk?

5. Managing Risk Vs. Chasing Returns
As a PM we build portfolios that will factor in many possible future events
Even in a bullish long term environment there is value in being active and owning non-equity market securities
This allows for strategic rebalancing when such securities outperform the equity exposure.
This gives you dry powder for purposes of buying equities at a discounted value
It also reduces the short-term volatility of the portfolio

6. Portfolio Composition
Strategy reduces risk of investing in equities

7. Agenda 4.30 – 4.40 – Greg Introduction
4.40 – 5.00 – Andrew and Mike from Picton
5.00 – Robin and Jim from Arrow
5.20 – Randy and Allison from Invico
5.40 – Matt from Django
6.00 – 6.15 – Bryce – GFWM/Wealthy Tourtoise .

8. Greg Flower Wealth Management
Discretionary Wealth Management