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Toronto Area Dealer
Tony De Thomasis - De Thomas Financial Corp.
7620 Yonge Street, Suite 200
Thornhill, Ontario, Canada
Michael J. Hill, CIM, CFP
Certified Dealers for Great Advisors Portfolios
The primary goal of financial advice is to determine the appropriate range of probable outcomes (standard deviation) for a clients' entire investment portfolio.
C-GAP refers to this process of obtaining a client-specific standard deviation as risk anyalysis. Once that is determined, that standard deviation value is matched to a portfolio of indexes that is supported by the highest quality historical data for the longest period of time available (preferably 20 years or more).*
The portfolio of indexes should represent the lowest cost, most globally diversified, tax-efficient, and highest historical return portfolio, net of all fees, expenses and taxes. This is what C-GAP refers to as an efficient risk exposure.
An advisor should then buy, hold and rebalance a portfolio of index mutual funds (a risk exposure) that most closely represents the selected indexes. It should only be changed as a client's risk capacity changes.
Market changes are not relevant to asset allocation decisions because nobody can consistently predict the next random bit of new information that will move a stock or an entire market. Once that information, which is sometimes wrong, is transmitted to millions of traders it is immediately reflected in the price of all relevant assets.
This rapid reflection of news in asset prices leaves little opportunity for traders to consistently profit at the expense of all the other traders.
These concepts are referred to as the random walk hypothesis and the efficient market theory.
If you understand and agree with the preceeding statements, you are a candidate for becoming a certified dealer.
If you don't, you must be new to investing or have not done sufficient reading of academic research.
If you don't understand these principles of investing, then we do not feel this would be a good fit.
As William Bernstein stated in The Intelligent Asset Allocator:
There are two kinds of investors, be they large or small: those who don't know where the market is headed, and those who don't know that they don't know. Then again, there is a third type of investor - the investment professional, who indeed knows that he or she doesn't know, but whose livelihood depends upon appearing to know.
Certified Dealers pay C-GAP a monthly fee per advisor and/or invest their clients according to the theories of C-GAP. C-GAP neither endorses nor recommends Certified Dealers individually or as a group and does not endorse or recommend any particular Certified Dealer’s investment strategy. C-GAP recommends strongly that investors do due diligence on any particular investment manager they consider hiring, regardless whether that manager is C-GAP, any C-GAP Certified Dealer, or any other advisor.
The C-GAP Certified Dealers are a select group of financial advisors who are authorized to use the extensive up-to-date information and tools throughout C-GAP's several hundred page web site, as well as the online 12-Step Program to Index Funds eBook. These Certified Dealer advisors sign a fee agreement with our firm and are approved for use of this site and obtain a photo and listing of their firm on this highly visited web site. Any other advisors are prohibited from using the copyrighted investor education and investment policy development tools. Complete disclosure of our fee arrangement is provided to clients.
Certified Dealers must be willing to continually educate themselves and their clients. Matching their clients risk with a highly efficient risk exposure is the primary goal of our investment strategy. Extensive reading of academic financial research and books on the long-term historical stock market data is recommended.
We will limit the number of advisors per region or province.
If you have an interest in C-GAP's program, please contact Tony De Thomasis @ 905-731-9800 or contact him here.