This past November marked our fifth year of doing business right here in Port Credit — and five years of an amazing partnership with Raymond James Ltd. It has been a privilege to serve families in Port Credit and the surrounding neighbourhoods, helping them navigate their financial futures with clarity and confidence.
At Langill & McHenry Investment Advisors at Raymond James, we work with a select group of successful families, providing comprehensive wealth management, including discretionary investment management.
Over the past five years, we have enjoyed everything this community has to offer and are grateful for the opportunity to give back whenever we can. This past fall, team member, Adam McHenry, was honoured to be a recipient of the Mississauga Civic Award, in recognition of his work in the community.
Recently, our business added a new member to our team. Adam Sieniakiewicz is a resident of Mississauga and a recent university graduate. He graduated Summa Cum Laude with an Honours Bachelor of Commerce in Finance, earned the Chris Robinson Prize at convocation for achieving the highest overall GPA and he passed the Certified Financial Planner (CFP) exam. The addition of another “Adam” to our office will continue to improve our client service and value for our client families.
The Importance of Five Years
The five-year milestone is an important timeframe in investing, as the reporting of investment performance becomes clearer over a respectable period. Year-to-year investment performance can fluctuate, but an investment period of five years or more starts to reflect the longer-term return patterns of investments.
Risk Management: The Foundation of Our Philosophy
Our clients have worked incredibly hard for their money — our job is to protect and grow it.
In today’s environment of uncertainty and volatility, the stock market can feel like a roller coaster: thrilling at times, but stomach-turning at others. Our goal is to replace that experience with something more stable, more predictable — a Ferris wheel rather than a roller coaster. To achieve this, risk management isn’t just part of our process; it’s the core of our investment philosophy.
How We Design a Better Long-Term Client Investment Experience
By using the math behind compound rates of return, we have designed customized portfolios for our clients that protect their capital when markets fall. The result is that our portfolios don’t have to dig themselves out of a large hole to recover when the market rebounds. This results in a faster recovery for our clients’ portfolios. The trade-off to this is that when the market is flying high, as they have been of late, our client portfolios don’t capture the market highs. Despite this, the results are favourable for our clients. The long-term annualized compound rate of return on their portfolios is similar to the overall market benchmark, but the experience to get there is vastly better.
Investment Experience: Smoother Ride, Similar (or Better) Results
As mentioned, our portfolios are purposely designed to fall and rise less than the overall investment marketplace. One of the key metrics that captures this experience is “Upside and Downside capture.” This measure tells us how a portfolio behaves relative to the overall market — how much of the market’s gains we capture when it rises, and how much of the declines we participate in when it falls.
Over the last five years, our flagship portfolio — the Dividend Growth, Balanced Growth Portfolio — has delivered approximately three-fourths of the market benchmark increase (“Up capture”), while only incurring approximately two-thirds of the market benchmark declines (“Down capture”).
This asymmetry is mathematically powerful. If you lose less on the way down, you don’t need to gain as much on the way back up to recover — which can put you back on track faster than the market itself.
Let’s look at the actual performance of our flagship portfolio composite. This portfolio composite represents ~$75 million in client investments that we manage on their behalf. From an asset allocation perspective, this portfolio is comprised of 65 per cent stocks and 35 per cent bonds and cash equivalents, on average.
In the first chart, each of the last five calendar years, our flagship portfolio has participated meaningfully in market advances while providing better protection during difficult periods — most notably during market drawdowns. For example, in 2022, the market benchmark fell approximately 10 per cent, while our client portfolios fell by half that amount or approximately 5 per cent.
Over longer periods, as indicated in the second table, the portfolio has delivered similar average annual returns after fees. So, while benchmarks may occasionally edge ahead in any given year in raw performance, they often do so by accepting significantly more volatility.
Our objective is not to chase the highest return in any single year, but to generate wealth over the long term while providing a smoother experience for our clients.
Bringing It All Together
Most investors don’t fail because markets don’t grow. They struggle because volatility causes emotional decisions at exactly the wrong time.
By focusing on downside protection, disciplined participation, and risk-adjusted returns, our goal is to help clients generate lasting wealth by:
- Staying invested through uncertainty
- Avoiding costly emotional decisions
- Benefitting from long-term compounding
As we celebrate five years in the heart of Port Credit, we remain deeply grateful for the trust our clients place in us and the community that continues to inspire our work. This milestone reflects not only strong investment results, but a commitment to delivering a steadier, more confident wealth-building experience for the families we serve. With a growing team and a disciplined approach to risk management, Langill & McHenry Investment Advisors looks forward to the next five years — and to helping our clients reach their goals with clarity, stability, and peace of mind. If you’d like to learn more about our approach — and whether we may be a good fit to work together — please don’t hesitate to reach out. You can contact me by email at Adam.McHenry@raymondjames.ca or by phone at (416) 901-6500 ext. 22.
*Disclaimers: The views are those of the author, Adam McHenry, CFA, MBA, and not necessarily those of Raymond James Ltd. Information in this article is from sources believed to be reliable; however, we cannot represent that it is accurate or complete. It is provided as a general source of information and should not be considered personal investment advice or solicitation to buy or sell securities. Investors considering any investment should consult with their investment advisor to ensure that it is suitable for the investor’s circumstances and risk tolerance before making any investment decision. Raymond James Ltd. is a Member Canadian Investor Protection Fund. Market benchmark is comprised of 39% iShares Core S&P500 ETF (IVV), 26% iShares Core S&P/TSX Capped Composite Index ETF (XIC), and 35% iShares Core Canadian Universe Bond Index ETF (XBB). The information in this communication is derived from various sources, including Raymond James Ltd. And FactSet. This material is provided for general information and is subject to change without notice. Every effort has been made to compile this material from reliable sources; however, no warranty can be made as to its accuracy or completeness. Before acting on any of the above, please contact us for individual financial advice based on your personal circumstances. The performance data herein is current as of December 26, 2025, and reflects data starting on January 1, 2021. The following performance figures are in respect of our 65/35 Balanced Growth Composite and representative market benchmark. The Up/Down Capture data herein is current as of October 31, 2025, and reflects data starting on October 31, 2020.
