Efficiency, Collaboration, and Knowledge
Throughout Our Planning Approach
Our collaborative process means you are an integral part of the decisions related to how we are compensated.
For example, we may include integrated financial planning services as part of an investment advisory fee. These are either a flat fixed fee, a percentage of assets under management and/or commission. Hourly costs vary depending on the level of expertise needed. This model allows us to offer a broader range of services, give you a choice to implement recommendations with us or on your own, and monitor progress.
Six Distinct Pillars of Financial Planning
How much does this cost? You can have one integrated financial plan or a modular plan. Here is what you can expect:
Financial Planning and Cashflow
We create a living document that stays updated as your life evolves. It helps you to make and understand the impact of key decisions. Both flat-fee and fee-based are available. Our service includes review meetings, progress check-ins, access to statements and other essential documents, 24/7; access to preferred partners, and more.
Insurance and Asset Protection
We receive commissions on the delivery of insurance products. Compensation is contractual. It means we are paid the same scale or GRID across all the carriers we represent and recommend. Everyone starts somewhere. We do not implement extra billing for insurance and/or investment-only clients.
Estate Planning and Legal Aspects
The actuarial, tax and legal expertise in the design and custom usage of life insurance, annuities, and segregated funds are part of our integrated financial plans. There may be costs between you and tax and legal experts when needed. You will know in advance, for example, the costs of updating Wills or establishing and maintaining Trusts.
Investment Planning
Many of our clients will choose a fee structure that includes the cost of implementing an integrated financial plan. Ongoing planning and maintenance of your accounts can be a flat fixed fee, a percentage of assets under management and/or commission. There are no surprises. We explain how each works.
Tax Planning
There may be costs between you and tax and legal experts. When needed, you will know in advance. There may be costs for setting up Retirement Compensation Arrangements (RCA), Individual Pension Plans (IPP), Shareholders Agreements, and tax filings. Expect fees disclosed in writing for approval by you before being charged.
Retirement Planning
Fees reflect the scope of work you wish us to do. These are either a flat fixed fee, a percentage of assets under management and/or commission. Compensation is known to you in advance and reflects the level of work required. We adhere to the FP Canada Standards Council™ . Planning fees reflect the complexity.