We offer the consumer choice as to how they pay for our services.
Embedded in the Cost of the Product
When you deal directly with a financial institution, employee salaries are built into the cost of the products you purchase. Similarly, when you deal with an independent advisor compensation can be built into the cost of the product but paid as a commission and/or referral fee rather than a salary. However, these revenues will only be received if our services result in the placement of investment, insurance, and other financial products as part of the implementation of the action plan. This is the most common option where a client chooses to fully engage for both planning and implementation.
An investment account in which compensation is based on a set percentage of the client's assets instead of on commissions which vary by product, the amount of trades made or the amount of assets sold to the client. This is an alternative option where a client chooses to engage for both planning and implementation.
Fees are estimated based on the time and complexity of the planning needs and billed based on actual time consumed. Additional compensation is not anticipated, but may be generated through commissions and/or referral fees if the client subsequently chooses to transact investment, insurance, and other financial products through us. This option will appeal to consumers who choose to engage for planning with no implementation obligation.
Fee Offset by Commission Rebate
Fees are determined based on the time and complexity of the planning needs and billed based on actual time consumed, and intended to be reduced to reflect any commissions or referral fees received for transactions on investments and other financial products that are expected to be undertaken as a part of the implementation of the action plan. To comply with insurance regulations, the fee-offset calculation only includes fees earned on investment assets outside the realm of the Insurance Act. This is an option for the client who chooses to engage for planning with accomodation for implementation.