FAQ

How do Financial Advisors and Planners get paid?

We get paid by the investment dealer and the insurance companies. You would only pay the advisor or planner if it was for planning.

What is the difference between a Financial Planner and an Investment manager?

A financial planner creates a comprehensive plan to achieve their financial goals, such as:

  • Retirement planning

  • Cash flow & budgeting

  • Tax strategies

  • Estate planning

  • Risk management (insurance)

  • Education funding

  • Investment planning (but not always the investing itself)

An investment manager directly manages your assets, choosing and overseeing your investments based on:

  • Your risk tolerance

  • Time horizon

  • Goals

  • Market conditions

  • Portfolio construction, diversification, rebalancing

They may manage mutual funds, ETFs, stocks, or bonds, often charging a fee based on assets under management (AUM).

How much do you need to start working with an advisor or planner?

It varies across the industry. The best action to take is to book a free consultation meeting to review what your needs and wants are.

What products do I offer?

RRSP, RESP, TFSA , RDSP , FHSA , Mutual funds, Index and ETF Mutual funds, Segregated funds, Health and Dental, group benefits, life insurance, disability insurance, guaranteed issue insurance, travel insurance, critical illness.

What is the investment philosophy?

Start with a financial plan to determine what rate of return is needed to achieve your goals. Keep investments simple. Invest in low-cost index-like funds(typically passively managed) and contribute on a regular basis over time.

What is passive management versus active management?

An investment approach where a professional manager or team actively makes decisions about buying, holding, and selling assets within a portfolio, aiming to outperform a specific benchmark or market index. An investment strategy where the goal is to replicate the performance of a specific market index rather than trying to outperform it through frequent trading or active stock picking.

What is the Spiva Report?

The SPIVA report, which stands for "S&P Indices Versus Active," is a series of semiannual scorecards published by S&P Dow Jones Indices. These reports compare the performance of actively managed equity and fixed-income mutual funds against their relevant benchmarks over various time horizons. Link