Financial, Insurance and Wealth Management Service
Wealth Management - A Fee Based Approach
Managing your personal wealth over the long-term requires a unique relationship with a trusted professional who understands you and your family's needs and the best strategies to implement to reach your financial goals (short or long term).
When it comes to hiring a financial advisor it is essential that you choose a professional with experience you can trust. Managing the complex financial needs of high net worth individuals / small business' or guiding new investors into appropriate investment strategies and / or financial plans must be tailored in order to be accurate and efficient.
Having to choose between tens of thousands of investments available for purchase (stocks, bonds, mutual funds etc.) is an overwhelming task. Therefore, we believe that an advisors "value" is in the ability to define a financial plan or need, select & tailor the most suitable investments and strategies required for a given financial plan(s) and ensure constant management to keep the parameters of the financial plan in line at all times (financial objectives, risk tolerances and time horizons).
Fee Based Wealth Management: Over the last several years, there has been a gradual shift from commission-based financial advice to fee-based advice. Instead of paying traditional commission at the time of investment or defer commission over an extended period a time (usually 7 years), the industry is moving towards a fee-based model that applies an annual fee (deducted from portfolio) as an annual percentage of the clients total assets / investments.
Advantages in Fee Based Wealth Management over Traditional Commission Model
By using a fee-based approach, it removes the retail costs that are usually involved in running a portfolio. Many times this has led to as much as a 30% reduction in the overall cost of managing a portfolio compared to traditional commission models.
The costs involved in managing investments as well as compensation are not hidden within the portfolio. These costs are visible and reported very clearly on a quarterly basis.
Fee based investments have no liquidity issues or locking in features which allows investors to make redemptions without any costs or hold up.
Your portfolio fee percentage can decrease as the value of your portfolio increases.
Linking Annual Portfolio Fees
Creating a family group of accounts with other family members (do not need to reside in the same location) allows for a discounted fee rate for the entire family or household
As your non-registered account (also called investment or open accounts) fees are visible in this taxable account type, these fees are mostly tax deductible which is a big advantage over traditional embedded commission based investments.
Contact us today for a no obligation appointment or to discuss how we can reduce your existing portfolios investment / account fees and maximize your portfolios "net of fee" performance. For more information on any of the above, please contact: [email protected]
Retirement Savings and Planning
Spousal RRSP or "SRSP"
Registered Pension Plan or "RPP"
Registered Retirement Income Fund or "RRIF"
Locked In Retirement Account or "LIRA"
Tax Free Savings Account or "TFSA"
Life Income Fund or "LIF"
Contact us today to discuss how we can help you and your family construct a retirement plan or analyse your current retirement plan, savings or retirement planning situation. For more information on any of the above, please contact: [email protected]
Alternative & Specialty Investments
Hedge Funds *
Investments that use strategies only suitable to accredited investors
Offered through existing referral arrangements in place with FundEX Investments Inc.
Labour Sponsored Investment Funds *
Investments in new Canadian companies in exchange for tax credits.
Segregated Funds *
Investments that incorporate insurance and principle guarantee features.
*Investors that qualify to purchase hedge fund units should be aware that hedge funds often engage in leverage, short-selling, arbitrage, hedging, derivatives, and other speculative investment practices that may increase investment volatility and possibly loss. Hedge funds can be highly illiquid, are not required to provide periodic pricing or valuation information to investors, and often charge high fees that can erode performance. Additionally, hedge funds may involve complex tax structures and delays in distributing tax information. While hedge funds may appear similar to mutual funds, they are not necessarily subject to the same regulatory requirements as mutual funds. Investors should always review the Offering Memorandum that is provided when purchasing hedge fund units and discuss the unique features of each hedge fund product with their advisor before an investment is made.