In a nutshell: Discussion of your current finances, expenses, and plans

Big value:

• Look at all aspects of your financial life with an objective expert
• Get a clearer view of where you are – highlight gaps and issues and hear ideas as to how you might address them – encourages you to clarify and/or refine your goals
• Leave the meeting better informed

We deliver: 

• A clear-eyed, high-level view of where you are financially, based on years of experience
• An overview of how we’ll partner with you

Cost:

• Complimentary

In a nutshell: Integrated review of your finances, expenses, and plans. Includes an evaluation and comprehensive recommendations, with multiple financial planning scenarios

Big value:

• Clarity – you know precisely where you are and what you need to do to meet current and future goals
• Commitment – studies show that a clear plan and a commitment to implementing plan-driven recommendations are strongly correlated with savings success

We deliver: 

• Integrated advice – decisions in one area have a ripple effect on another. For example, an insurance broker might recommend an insurance plan that makes sense in isolation, but is not optimal in the context of the bigger picture. Ditto for an investment advisor, tax accountant, estate lawyer etc.
• We act as the quarterback, driving strategy to achieve your life goals, incorporating all aspects of your financial affairs.
• An aligned approach from a variety of resources; all professionals work together to serve your broader needs.
• Studies indicate that working with a financial planner helps to reduce stress and provide increased peace of mind. Canadians with a financial planner are more likely to feel hopeful about their financial future and are less likely to lose sleep over financial worries than those without a financial planner¹.

Includes:

• Cash flow management
• Retirement planning
• Tax planning
• Estate planning
• Risk management
• Education planning
• Elder care planning
• Investment planning

Cost:

• $5,500 for most (higher in certain instances, if there is particular complexity)

¹Results of a study by FP Canada.

In a nutshell: Additional expertise for clients with additional complexities. Making sense of all the financial aspects of your business. Integrating the unique needs and concerns of a business owner.

Big value:

• Comprehensive – more services offered for the amount paid. More information and advice for the business owner
• Integrated – perfect for financial planning requiring more involvement and particulars

We deliver: 

• Planning for the more complicated cases – incorporated operating companies, holding companies, family trusts and more
• Considerations for compensation strategies, business succession planning, shareholder agreement funding and estate planning considerations
• Integrating the specific and unique needs of every business owner

Includes:

• Compensation strategies
• Business succession planning
• Shareholder agreement funding
• Estate planning considerations

Cost:

• $7,500 for most (higher in certain instances, if there is particular complexity)
• Thinking of scaling up? We’re happy to offer a credit if you go initially for the individual plan and subsequently find you want more

In a nutshell: Execution of your investment plan, once your investment strategy is custom built and agreed upon (minimum investment of $1 million)

Big value:

• Seamless advice and service – investment strategy dovetailed with the cash-flow, tax and retirement plan we have developed together

We deliver: 

• Integrated investment advice and ongoing financial planning

Cost:

• Annually:

  • $0 – $1 million is 1%  (minimum annual fee of $10,000 plus HST)

  • Next $1 million – $1.5 million is 0.65%

  • Next $1.5 million – $2 million is 0.50%

  • Next $2 million – $3 million is 0.40%

  • Next $3 million – $4 million is 0.30%

  • Next $4 million and up is 0.20%

  • Plus a $200 annual trustee fee for accounts in excess of $100,000

• Once the financial planning engagement is complete, no further hourly fees for ongoing comprehensive financial planning
• Product costs:
  • Your product fees depend on the products needed to achieve your investment objectives
  • Actively managed portfolios (F class mutual funds and ETFs) have embedded fees that typically range from .4% to 1%
  • Passively managed ETFs range from 0.05% to 0.25%
  • GICs and annuities do not have embedded management fees; a sales commission is factored into the yield of the product.