Advisor Profile

Chuck Magyar, CIM FCSI®

Portfolio Manager, Director, Private Client Group
Watermark Wealth Management
HollisWealth®, a division of Industrial Alliance Securities Inc.
Toronto, ON

Services Open Modal

Services

Advisor's specialize in a number of services to meet the needs of their clients. Listed below are the most common services offered. To view services offered by this Advisor, refer to their profile.

Alternative Investments

Types of investments and/or investment strategies other than traditional investments such as stocks, bonds and mutual funds. Examples of alternative investments might include hedge funds, private equity or managed futures.


Business Succession Planning

Strategies related to the passing on of the leadership/ownership of a company or business. Advice may include taxation considerations, contingency planning and the coordination of external professional services.


Cash Management Planning

A practice that considers an individuals short term and long term liquidity needs, credit, taxation considerations, budgeting, debt financing and restructuring.


Disability Planning

Strategic financial planning for individuals and dependents with physical or mental disabilities. Disability planning may include a combination of insurance needs assessment, estate planning, cash flow analysis, taxation and the use of trusts and/or the RDSP (Registered Disability Savings Plan).


Discretionary Portfolio Management

A service offered by advisors who hold the necessary qualifications (CFA, CIM) and are registered as a portfolio manager. A portfolio manager is authorized by his or her clients to make buy-sell decisions without referring to the client for approval of each transaction. Portfolio Managers are required to manage portfolios according to strict guidelines, frequently outlined in an Investment Policy Statement (an agreement between the client and the portfolio manager) which details how a portfolio is to be managed.


Education Planning

Creating a savings plan to support the financing of post secondary education that is balanced with other spending and saving priorities. The primary educational savings account for Canadians is the RESP (Registered Education Savings Plan).


Estate Planning

The arrangement and management of an individuals financial affairs with the goals of maximizing the value transferred at death through careful and strategic planning.


Family Office

A family office is a specialized advisory practice intended to serve the needs of very high net worth and ultra high net worth individuals and families. Family offices offer the integration and co-ordination of professional services intended to oversee the complete financial affairs of wealthy families. Including, but not limited to business, tax and legal advisory, philanthropic planning, wealth transfer planning, family governance and investment consulting.


Fee For Service Planning

An advisor who charges a set fee in exchange for their services. This fee can be either hourly, project based, or paid as a monthly or annual retainer. These advisors typically focus on providing detailed financial planning services rather than investment management services.


Financial Planning

A dynamic process intended to achieve specific financial goals relating to an individual or families budgeting, saving, spending and investment needs. Financial Planning considers both short term and long term goals taking into account various unforeseen events and anticipated changes in circumstances.


High Net Worth Investors

Advisors who have the necessary experience and qualifications to meet the needs of individuals and families with a high net worth. These advisors typically offer specialized and integrated investment management, estate planning and wealth transfer solutions coordinating their services with other professionals such as attorneys and accountants.


Insurance Planning

Advisors who offer clients insurance products based on an insurance needs analysis, making adjustments to coverage as necessary.


Investment Management

A generic term that refers to the managing of a portfolio of investments (the buying and selling of stocks, bonds, ETFs, etc) to achieve a specific investment objective or combination of objectives (income, growth, capital preservation, tax minimization) while taking into consideration the clients tolerance for risk and investment time horizon.


Legacy/Philanthropic Planning

Specialized advice relating to large scale charitable donations. Planning advice may include identification and vetting of recipients, goal setting and measurement, tax considerations and trust and foundation management.


LGBTQ Planning

Advisors with the necessary experience in addressing the unique financial planning needs and challenges that confront same sex couples and people who identify as LGBTQ.


Navigating Divorce

Advisors who have specialized training in pre and post divorce financial planning. This may include advice relating to tax considerations, division of property, spousal and child support, valuing and dividing property and estate planning and insurance issues.


Portfolio Review (Second Opinion)

A complimentary service offered to prospective clients who are uncertain their needs are being met by their current advisor and are seeking an objective opinion regarding their investments. This may include concerns relating to performance, strategy, diversification, risk, fees and product type.


Retirement Planning

The process of planning life after paid work ends. This may include both lifestyle and financial considerations. Retirement planning includes considerations such as savings targets, income and cash flow planning, tax planning, insurance and estate planning.


Severance and Pension Transfer Strategies

Advice relating to the efficient transfer of severance packages and pensions, including considerations regarding taxation, benefits and investments.


Socially Responsible Investing

Sometimes referred to as sustainable or ethical investing – an investment methodology where the selection of investments is focused on companies that have corporate practices that encourage environmental protection, diversity, human rights, consumer protection, etc. Socially responsible investors will generally avoid companies involved in the production of fossil fuels, weapons, gambling, alcohol, tobacco and pornography.


Tax Planning

Evaluating an individuals financial situation and taking the necessary steps to ensure the elements of a client or households financial plan work in the most tax efficient manner possible.


Tax Preparation

Services related to the preparation of income tax returns.


US Based Investors

Advisors who are registered with the US Securities and Exchange Commission (SEC) and able to offer wealth management services to US residents (any one residing in the USA for >182 days per year), as well as specialized services to US citizens residing in Canada.


Wealth Transfer Planning

Services intended to prepare clients and their heirs for inheritance. Services may include methods and timing of transfer, direct gifts, use of trusts and specialized investments products.


  • Alternative Investments
  • Business Succession Planning
  • Cash Management Planning
  • Disability Planning
  • Discretionary Portfolio Management
  • Education Planning
  • Estate Planning
  • Family Office
  • Financial Planning
  • High Net Worth Investors
  • Insurance Planning
  • Investment Management
  • Legacy/Philanthropic Planning
  • LGBTQ Planning
  • Navigating Divorce
  • Portfolio Review (Second Opinion)
  • Retirement Planning
  • Severance and Pension Transfer Strategies
  • Tax Planning
  • Wealth Transfer Planning

Investments Available Open Modal

Investments Available

Listed below are the descriptions of the most common investment's available. To view investment's offered by this Advisor, refer to their profile.

Alternative Investments

Types of investments and/or investment strategies other than traditional investments such as stocks, bonds and mutual funds. Examples of alternative investments might include hedge funds, private equity, managed futures or exempt market securities.


Bonds

A bond is a loan made by an investor (lender) to a borrower (typically a government entity or a corporation). The borrower pays a fixed rate of interest to the lender at regular intervals for a defined period.


Exchange Traded Funds (ETFs)

An investment fund that trades on a stock exchange. ETFs are similar to mutual funds in that they typically hold a diversified portfolio of assets (stocks, bonds, commodities etc). Many ETFs track an index – such as a stock index or bond index and are managed passively (very little trading) whereas mutual funds are actively managed (lots of trading). ETFs have many attractive features such as tax efficiency and much lower costs (MERs) than actively managed mutual funds.


Foreign Equities

Stocks that trade on exchanges outside of North America.


Forex

The market in which global currencies are traded. The forex market is the largest and most liquid market in the world where trillions of dollars worth of currencies change hands daily.


Futures

A legal contract between two parties to buy or sell a commodity or financial instrument at a specific price at a specific future date. Futures are derivative contracts that derive their value from an underlying asset such as a commodity, currency or an intangible like an interest rate or an index. Futures contracts are used as either a hedging tool or for speculative purposes.


Guaranteed Investment Certificates (GICs)

An investment that offers a fixed rate of return over a specific period of time. GICs are typically issued by Trust Companies or Banks.


Insurance

A contract, typically referred to as a policy that is intended to protect the holder against loss or other uncertain risks.


Mutual Funds

An investment product that holds a diverse portfolio of stocks, bonds, or other investment instruments – managed by professional money managers who actively trade the portfolio with the goal of producing capital gains and or income for the Mutual Fund’s investors.


Options

A type of derivative contract. Options derive their value from an underlying instrument such as a stock. An option contract (1 contract = 100 shares) represents the right to either buy or sell the underlying stock at a specified price on or before a specified future date. There are two types of option contracts – Puts and Calls. A put represents the right to sell shares, a call represents the right to buy shares. Investors use options for hedging purposes, to generate income in a portfolio or to speculate.


Stocks

A generic term for 'shares' or common equity. Representing fractional ownership in an company.


  • Alternative Investments
  • Bonds
  • Exchange Traded Funds (ETFs)
  • Foreign Equities
  • Forex
  • Insurance
  • Mutual Funds
  • Stocks

Account Types Offered Open Modal

Account Types Offered

Advisor's specialize in offering a number of account types to meet the needs of their clients. Listed below are the most common account types offered. To view account types offered by this Advisor, refer to their profile.

Corporate Accounts

An investment account set up in the name of a corporation.


Group RRSP

RRSPs offered to employees by their employer. Contributions are taken from the employee's pre-tax pay through payroll deductions. Employee contributions are often matched by their employer. Contributions are then deposited into their RRSP as specified.


Individual Pension Plans (IPP)

A retirement savings account that shares some features of an RRSP. IPPs specifically benefit owners of companies or executives of incorporated companies who do not participate in an employer pension plan and who have annual earnings greater than $120,000. IPPs allow for higher contribution limits than RRSP, they are locked in and cannot be accessed until retirement, and at retirement they pay a fixed amount of income, similar to a defined benefit pension plan. IPPs are creditor proof.


Locked-In Retirement Accounts (LRSP, LIRA, LIF, LRIF)

Accounts specifically intended to hold pension funds that originated in an employer sponsored Registered Pension Plan (RPP). Employees terminated from membership in a RPP before retirement have the option of transferring these funds to either a LIRA or a LRSP (The LIRA and LRSP serve the same function, however a LIRA is registered under provincial registration and LRSPs are registered federally). These accounts share the same features and benefits as RRSPs, the primary difference being; additional contributions are not permitted and withdrawals cannot be made until retirement.


Margin Accounts

An investment account that allows an investor to borrow money to buy securities.


Registered Education Savings Plans (RESP)

An investment savings account which allows Canadian parents to save for their children’s post secondary education. The primary benefit of the RESP is two-fold; dividends, interest and capital gains on investments are tax sheltered, and; the government of Canada will contribute 20% of the first $2500.00 that participants (the subscriber) contribute to the plan annually. This government contribution is referred to as the Canada Education Savings Grant (CESG).


Registered Retirement Income Funds (RRIF)

The holder of an RRSP account is given the option to convert their RRSP account into a RRIF account on or before the end of the year they turn 71. Contributions are not permitted in RRIF accounts instead holders must withdrawal a minimum amount every year (there is no maximum withdrawal limit). Withdrawals are taxed as earned income. Eligible investments are similar to those that can be held in an RRSP - stocks, mutual funds, ETFs, etc.


Registered Retirement Savings Plans (RRSP)

The primary retirement savings account for Canadians. An RRSP can hold mutual funds, stocks, exchange traded funds (ETFs), bonds, hedge funds, preferred shares and certain types of option contracts. RRSPs offer two primary advantages to retirement savers: contributions are tax deductible and taxes on dividends, interest and capital gains are deferred to when withdrawals are made.


Separately Managed Accounts

Sometimes referred to as a SMA Account. This is an investment account (either registered or non- registered) managed by a professional investment management firm – these managers are external, third party entities typically operating independently of an advisors dealer. SMA accounts are subject to minimum investment amounts and operate on a fee based compensation model. There is a growing trend for advisors to use SMA accounts as part of their practice where the advisor selects and recommends an external manager – effectively outsourcing investment selection to a team of professional portfolio managers. In an SMA account each stock position and transaction in the portfolio appears in the clients account and the fees attached to the account are fully transparent.


Taxable Investment Accounts

An investment account that is fully taxable.


TFSAs

A savings account for Canadian residents 18 years or older. Unlike a RRSP, contributions are not tax deductible. However, dividends, interest and capital gains are not subject to income tax and withdrawals of contributions and investment income are not taxed. Eligible investments include: stocks, bonds, mutual funds, ETFs, GICs, preferred shares, hedge funds and certain types of option contracts.


Trust Accounts

An account that is considered a separate legal entity that holds property for the benefit of an individual, group or organization (the beneficiary).


US$ Registered Plans

Registered Accounts (RRSPs, TFSAs, etc.) that allow investors to hold US dollars inside a registered plan. This avoids costly currency conversion when buying or selling investments denominated in US currency.


  • Corporate Accounts
  • Locked-In Retirement Accounts (LRSP, LIRA, LIF, LRIF)
  • Registered Education Savings Plans (RESP)
  • Registered Retirement Income Funds (RRIF)
  • Registered Retirement Savings Plans (RRSP)
  • Taxable Investment Accounts
  • TFSAs
  • Trust Accounts
  • US$ Registered Plans

About Me, My Team and How We Serve Our Clients

We can’t predict the future.  We CAN help you preserve and grow your wealth, protect your family from unwelcome surprises and achieve your personal and financial goals.

 

Working With Watermark

On your mark…
We get a full picture of your starting point and your destination. Perhaps you are working towards your dream home, a secure retirement, a cottage in Muskoka, being your own boss, or a more specific dream that's all yours.

get set...
We'll help you craft an integrated plan.  By evaluating your tax, legal, investment, debt and insurance positions we’ll guide you towards a plan that is well funded and viable.

go!
Regular review meetings will ensure your plan stays relevant.  You’ll have ongoing money management to help you grow your money safely and stay on track.

Your Money, Your Way

Choose to delegate day-to-day investment decisions to a Portfolio Manager, or partner with your advisor and take part in all investment decisions.  Either way our fee-based platforms are transparent so you know what you are paying for our services.

Managed Accounts (Delegate)

Together, we’ll draft an Investment Policy Statement which outlines your investor profile. Based on those guidelines, we’ll assume the investment decisions on an ongoing basis.  We’ll rebalance your investments whenever necessary to help them grow in a safe environment.

You pay us based on a % of the assets held in enrolled accounts. Accounts are charged monthly.

Available for households with $300,000+

Advisory Account (Partner with your advisor)

You are an integral part of the wealth journey and are consulted before any investment changes are made.

You pay us based on a % of the assets held in enrolled accounts. Accounts are charged monthly.

Available for households with $250,000+

Who We Are

Chuck Magyar, David Lyon, and Stewart Istvan are the creators and owners of Watermark Wealth Management. They first met when they were shorter and had more hair.

Royal St. Georges College brought the trio together during their high school years. In 1984 they journeyed to London to attend University of Western Ontario where each earned a BA in Economics. After graduation they went their separate ways until May of 2005 when they joined together as partners of the Forest Hill Branch of HollisWealth (then DundeeWealth).

As the business grew, they formed a strong team that includes professionals specializing in investing, planning and insurance that became Watermark Wealth Management.

*Insurance provided by David Lyon, Insurance Advisor.  Insurance products provided through Hollis Insurance Inc.

Read More About Me and My Team


My Investment Philosophy and Methodology

Chuck Magyar (CIM, FCSI) is our down to earth Portfolio Manager and the driving force behind our discretionary investment process, The Watermark Way. He started his 24+ year career trading on the Toronto and Montreal Exchanges. There he gained a depth of knowledge about market behaviour.

Preserve and Grow Your Money

We’ve created an investment methodology that looks beyond just stocks and bonds. We call it The Watermark Way.

1.       We look globally and TRACK 7 asset groups:
           •Canadian Equities
           •International Equities
           •U.S. Equities
           •Bonds
           •Currencies
           •Commodities
           •Cash

2.       We INVEST in the 4 best performing asset groups.

3.       We EVALUATE all 7 asset groups through rigorous analysis and market research.

4.       If warranted, we ROTATE the 7 asset groups so that we are always holding the 4 best performing asset groups.

The result is a portfolio that is less volatile than the market. You experience a smoother ride that will allow you to stick to your plan so you can achieve your goals, faster. 

Read More About My Investment Philosophy


What My Clients are Saying....

“Judy and I have been clients of Watermark Wealth Management for many years, and have nothing but praise for the team's professionalism, knowledge, and personal approach. They always respond to requests and questions quickly and we have benefited from their knowledge and assistance on many occasions. Chuck, Dave, Stewart, and Kate have excellent product knowledge, and are all extremely personable. We have recommended and would continue to recommend the Watermark team to anyone needing financial advice and/or assistance.”  

-Bob & Judy S., September 2018

“Sheri and I were in to see Chuck, Dave and Sophie (the HollisWealth® specialist in estate planning) last week to sort through ways of minimizing the risks we face in our senior years. Our discussions ranged from will structure, to long term illness insurance, as well as ways of reducing the tax hit that could occur if we pass on before we are able to spend our RRSPs/RIFs. They are doing a great job of considering the whole picture that we and our family face over the next few decades. As we left I noted to Chuck that the TSX was down over 2% that day. His comment was ‘don’t worry; your investments are doing fine’. So I checked three days later: the market was down 2.75% at the end of that week but our portfolio was actually up by almost 0.2%. Seems that Chuck’s Watermark Way (TWW) really does mitigate volatility!”

Ralph & Sheri R., April 2017

“It's been a pleasure working with Watermark/HollisWealth® over the years because of their professionalism, subject knowledge and likable personalities. I would highly recommend the team at Watermark to anyone needing financial advice and/or assistance.” 

-Mike & Mary Dvds., February 2016


SeekAdvisor Q&A

 
What sets what you do apart from other financial professionals?

Clients have joked that they come for the wealth wisdom, but stay for the high-quality coffee and delicious locally baked pastries served at client meetings.

What are the most common mistakes you notice new clients have made with their investments?

From time to time everyone falls for market “noise”.

It's so easy to let the business news channels play havoc with your mind, or worse yet, your barber, your best friend, or your dentist advise you as to what you should be doing with your money.

The most successful clients create a comprehensive wealth plan with their advisory team and stick to it.

At Watermark Wealth Management, we spend a heck of a lot of time crunching numbers, so you know your plan will help you both preserve and grow your money. 

Are you a fiduciary?

Yes!

How often and how do you communicate with clients?

Clients usually like to meet in person once a year. It’s up to them, though.  We’ll call clients periodically, have video chats, email them, we’re always around should someone have a question.

If something happens to you, do you have a succession or continuity plan to ensure there is no interruption in how your clients are serviced?

We’re a team here at Watermark Wealth Management. David Lyon and Chuck Magyar are the two investment gurus in our practice. You’ll meet and get to know both of them. There will always be someone you know managing your plan and your money.

Who are your typical clients?

People aged 45-60, their families and small businesses.

What would you be doing if you weren’t working in financial services?

Chuck Magyar is very active with Midweek Cycling Club; he participates in races, and volunteers to help organize and run club events. Recently he’s become a trained cycling coach and volunteers to coach kids during Midweek Cycling Club’s Learn to Race program. These roles would probably expand if he wasn’t working in financial services.

Is your investment process free of proprietary products and conflicts of interest?

Yes!

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