At Padlock, we have been building strong, personal relationships with a diverse clientele, including entrepreneurs, executives and families.
We don’t have a crystal ball, but are disciplined in managing your money rationally and logically, with the goal of positioning you to generate an above-average return over time. The philosophy is sound and that is why our clients have honored us with their decades-long loyalty.
As a new client you will also appreciate the peace of mind of knowing that we have no direct access to your assets. All funds and securities are held by third-party custodians, Scotia iTrade and National Bank Correspondent Network. Should you prefer, we are also able to use the custodian of your choice.
The charts shown below compare a $500,000 investment in one of the three Padlock Investment Management composite portfolios to their relevant benchmarks since the inception of Padlock on January 3, 2012. The charts can be enlarged by simply “clicking” on the individual chart.
The composite portfolios are an amalgamation of the client accounts managed by Padlock under three differing mandates as determined by each individual client’s appropriate asset allocation. The returns shown for each composite are the weighted average return for each client within the composite and are “gross” of any management fees.
The benchmark for the Balanced Composite is also a weighted average of the individual benchmarks for the clients included in the composite. The initial benchmark for 2012 was determined by the December 31, 2011 asset values of each client and will be adjusted annually. As described on the chart, the benchmark for 2017 is a blend of the S&P/TSX Total Return Index (31.0%), the S&P 500 Total Return Index in CDN$ (27.0%) and the PC Bond Short Term Bond Total Return Index (42%).
The clients comprising the Growth Composite have a common blended benchmark of 50% each of the S&P/TSX Total Return Index and the S&P 500 Total Return Index in CDN$. The Small Cap Composite similarly has a blended benchmark of 50% each of the S&P/TSX Small Cap Total Return Index and the Russell 2000 Total Return Index in CDN$.