We provide a wide range of wealth management, planning, investing, insurance and administrative services designed to make managing, retaining, spending and passing along your money a comfortable, understandable and convenient process.
Our mission is to guide you and your family through every major financial event in your life, whether planned or unexpected. By understanding your situation and evolving needs, we can help you plan for success, however you may define it. We can apply a clearly defined, co-ordinated savings, spending and investment strategy across the entire scope of your finances, improving your tax-efficiency and cash management.
Through the various links to the left of this page you can learn more about all that Wealth Management involves, gain insights into our Our Philosophy and understand how Our Process works. We encourage you to read through this material.
Through the links below you can discover the features of the specific products and services that we can put to work for you.
Specialized knowledge takes time and money to develop, keep current and continually upgrade. Professional advice costs money. Lawyers, accountants, plumbers and electricians all bill by the hour and, rightly so, their services do not come cheap. Investment advice and wealth management services are not billed by the hour but require comparable levels of specialized knowledge. The fact that these services are charged for via transaction costs and/or asset management fees leads to some disparity in the perception of their value. Those who make little use of the services may view them as expensive. Those who rely highly on them or make extensive use of them likely view them as a real bargain.
There are two fee structures available.
First is the traditional “transaction fee” method. Certain transactions (e.g. redemptions, maturities) are exempt from cost and others (e.g. purchase of new issues, GICs, bonds) may result in us getting paid by the issuer without you spending anything out of pocket. In the case of most bond trades your price reflects a wholesale/retail price structure for transactions in those investments. For market traded securities a transaction charge would be applied. Below $10,000 the rate is 2.4%, from $10,000 to $20,000 the rate is 2.3%, from $20,000 to $25,000 the rate is 2.2%, from $25,000 to $30,000 the rate is 2.1%, from $30,000 to $35,000 the rate is 2.0%, from $35,000 to $40,000 the rate is 1.9%, from $40,000 to $50,000 the rate is 1.8%, from $50,000 to $60,000 the rate is 1.7%, from $60,000 to $70,000 the rate is 1.6% and above $70,000 the rate is 1.5%. A $200 minimum charge per transaction applies. For mutual funds bought on a front-load basis, a 2% acquisition fee applies, subject to a $200 minimum charge per transaction. Since investors in mutual funds tend to experience significantly reduced ongoing trading costs in their portfolios,a portion of the management fees charged by the managers of mutual funds for running the fund are remitted to us to help fund the wide array of services we provide our clients.
An annual administration fee of $141.25 (including HST) applies to registered plans. Certain versions carry a reduced fee.
The other methodology is “asset-based” rather than transaction based. This would involve a charge that is 1% - 2% (depending on the size and nature of your portfolio and the level of planning and administrative support you require) per annum of the average value of your portfolio. The portion that applies to non-registered accounts (i.e. not your RRSP, RRIF, TFSA or RESP) is tax deductible annually. As long as trading in the portfolio is kept within reasonable limits, no transaction charges would apply. The tax-deductible aspect of this approach could well render it the least expensive on an after-tax basis. Registered plan administration fees are eliminated under this approach. Our Full Access Service banking package is included at no cost. Should you opt for this approach, a three-year commitment to it is required.