Fee for Service

When hiring a financial planner you are looking for someone who is going to give you sound financial advice.

A recent survey by Investment Executive magazine found that the overriding reason why financial advisors convert from a commission model to a fee-based model was to eliminate conflicts of interest.

There are other advantages. First, fees are easy to understand. They also offer greater transparency and are reported to you on a regular basis. Fee advisors must deliver advice that you truly value and provide a high degree of service in order to retain you as a long-term client.

In the case of our wealth management service, fee advisors generally have access to a broader selection of products. The fee-based option also eliminates the worry about being locked-in by back-end commissions or deferred sales charges.

Finally, in certain circumstances, fees may be tax deductible against income, which can result in significant savings for higher-income clients.

Our fees are based on the complexity of a client’s financial situation, and the scope of services provided. We offer several different options depending on the nature of the engagement:

  • Hourly Fees
  • A Set Fee for a specific engagement
  • Annual Retainer Fees
  • A Fee based on the Percentage of Assets Under Management

A portion of our fees may be deductible as accounting fees or investment counselling fees.

We would be happy to review your financial circumstances and provide an exact quote at no cost or obligation to you.