The Value/Fee Audit
Suitable for portfolios of $500,000 or more.
Is your financial advice worth the fees that you pay?
Investment fees have been under a lot of scrutiny lately. People often get more confused because they don’t know what value they should be getting in return for the fees that they pay. You will pay fees for financial planning advice and for investment management and it is very important to know the impact of these fees on your wealth over time.
Depending on your financial advisor though, you may be receiving advice and value that makes the fees you pay very worthwhile! You need to clearly know whether you are getting value for the fees you pay.
Consider the following questions:
- Would you like to know your total cost of advice in dollars and percentages and the financial impact on your wealth over time?
- Is it important to clearly understand what you are getting in return for the fees you pay and, just as importantly, what you are not getting?
- Does your financial advisor annually review your tax returns in order to identify tax reduction strategies?
Are you receiving the following 10 valuable services?
- Comprehensive Financial Plan Covering All 8 Areas.
- Tax.
- Estate/Legacy.
- Risk Management.
- Investments.
- Insurance.
- Debts.
- Cash Flow.
- Employee Benefits.
- Outcome: Clarity, and a roadmap toward the goals that matter to you.
- Goals-Based and Needs-Based Planning.
- Written plan for every goal including "how to" steps.
- Follow up to keep you on track in making the right decisions.
- More “time”, so you can focus on what’s most important to you
- Outcome: Clarity around all of your goals and a means of accomplishing more.
- Tax-Efficient Cash Flow Projections & Retirement Income Projections for Life.
- Establish short and long-term cash flow goals.
- Together, estimate short-term funds required and how to establish and maintain those required short-term funds.
- Specific advice and timeline on reducing/eliminating any debts.
- Outcome: Get control of your cash flow right now and for the rest of your life.
- Unbiased Best in Class Portfolio Management.
- Fiduciary Duty - Licensed portfolio managers that act in your best interests. Portfolios built on science rather than speculation.
- Portfolio "MRI" looks deep into your existing portfolio to understand if it is the right one for you.
- Transparent Fee-Based Advice - there are no hidden commissions so you know we have no hidden agenda.
- Tax-Loss Harvesting - taking advantage of losses in your portfolio to offset future capital gains.
- Outcome: Confidence around your investment approach.
- Progress Planner Update Meetings and Implementation Strategy.
- Your own online dashboard keeps you current on your progress
- Checklist of steps needed to move forward.
- Make real progress toward your goals - one step at a time!
- Outcome: An effective system to keep you on track!
- On Track Progress Reports.
- Regular communication of statements and financial summaries.
- Continuous matching of statements to your goals.
- Continuing to assure you are on track.
- Outcome: Clarity and confidence about your future.
- Income Tax Review.
- Checklist of tax planning opportunities to make sure every stone is uncovered to save you tax dollars.
- Coordinate with tax professionals and Canada Revenue Agency (CRA) to help remove your tax stress.
- Outcome: Tax confidence through our comprehensive tax planning checklist.
- Estate Planning Organizer and Beneficiary Audit Service.
- Certified Executor Advisor Services. This includes a comprehensive review and simplification of current estate plan.
- Beneficiary audit service helps avoid embarrassing imbalances in your estate plan and reduce estate costs and inefficiencies.
- A plan for your legacy to endure through the generations and bring your heirs closer together.
- Outcome: Peace of mind, confidence and measurable dollars saved.
- Risk Management Planning Process.
- Assess risks in your future and uncover any blind spots.
- Work with specialists to evaluate comprehensive insurance needs.
- Identify expensive redundancies in your coverages.
- Outcome: Work to assure that everything will be okay, no matter what!
- Coordinated Team of Professionals.
- Coordinate with your professional advisors (or refer our experts) .
- Gather information and coordinate it so that it simplifies the planning.
- Save time in completing your tax and estate planning.
- Outcome: Coordinated teamwork among your different specialized advisors.
