Onboarding
In the initial complimentary ‘Meet and Greet’ session, we will review the key areas of THE 360 Process. Described in detail on THE 360 Process section of my website, these can be summarized as:
Path 1 – Design of the financial plan only
Path 2 – Design of financial plan and implementation of actions items from the financial plan
Path 3 – Implementation of stand-alone items without a financial plan
Fees for each path are independent of each other
- Your aspirations and financial goals
- Cash Flow Management
- Risk Management
- Tax Planning
- Investment Planning (includes Retirement planning)
- Estate Planning
Path 1 – Design of the financial plan only
Path 2 – Design of financial plan and implementation of actions items from the financial plan
Path 3 – Implementation of stand-alone items without a financial plan
Fees for each path are independent of each other
My Fees
I have always operated with the principle of full disclosure and transparency of fees charged for the services I offer. The following sections details the fees for each of these services.
| Type of Financial Plan | One Time Fee* (Includes HST) |
| Individual Financial Plan (max of two adults from same family) – generally involves T2 general tax returns only. | $1500 |
| Corporate Financial Plan (max one corporation and/or trust, max of two adults) – generally involves a mix of one T1 general and a couple of T2 general tax returns. | $3000 |
| Corporate Financial Plan (more than one corporation and/or trusts) – generally involves multiple T1 general tax returns. | Call for a quote |
A financial plan is recommended at the start of every engagement. It sets the groundwork from which investment and insurance decisions will follow. It is a very objective approach that takes the guess work out of any following investment and risk management decisions.
A typical financial plan involves 2 meetings and can be created, reviewed, and finalized in a period of one month, with each meeting spaced by about 2 weeks. After the plan is finalized, the client has the option to make one additional change/scenario analysis, within a period of one year from the date of finalization, without incurring any further charges.
*Payment Schedule
- 25% retainer is required to commence the work. You will be asked to provide documents/information that are inputs to the financial planning process.
- 50% of the balance would be due five days before the first meeting, which will be to go over the draft financial plan. Any changes to goals/scenario will be discussed during this meeting.
- 50% of the balance would be due five days before the final meeting, where a final copy of the financial plan will be shared, and implementation items will be finalized.
Payments can be made via an e-transfer to [email protected]
| Client Investable Assets | With a Financial Plan Annual Fee % | Without a Financial Plan Annual Fee % |
| $999,999 or less | 0.75% | 1.00% |
| $1,000,000 to $4,999,999 | 0.50% | 0.75% |
| $5,000,00 or more | Call for a quote | Call for a quote |
Client assets can be held in ‘Client Name’ accounts or in ‘Nominee’ accounts. Client Name accounts are held with a financial institutions. There are no trading fees associated with ‘Client Name’ accounts.
‘Nominee’ accounts held via Carte Wealth Management have a different fee structure based on the type of account (Registered, Non-registered etc). There is a trading fee associated with ‘Nominee’ accounts. Kindly email [email protected] for a schedule of the ‘Nominee’ account fee structure.
We get paid by the insurance company for each sale. The final compensation depends on the type of product (Life, Critical Illness, Disability or Group Benefits) and could involve a bonus component to reflect the total volume of sales in a given year.
| Type of Financial Plan | One Time Fee* (Includes HST) |
| Individual Financial Plan (max of two adults from same family) – generally involves T2 general tax returns only. | $1500 |
| Corporate Financial Plan (max one corporation and/or trust, max of two adults) – generally involves a mix of one T1 general and a couple of T2 general tax returns. | $3000 |
| Corporate Financial Plan (more than one corporation and/or trusts) – generally involves multiple T1 general tax returns. | Call for a quote |
A financial plan is recommended at the start of every engagement. It sets the groundwork from which investment and insurance decisions will follow. It is a very objective approach that takes the guess work out of any following investment and risk management decisions.
A typical financial plan involves 2 meetings and can be created, reviewed, and finalized in a period of one month, with each meeting spaced by about 2 weeks. After the plan is finalized, the client has the option to make one additional change/scenario analysis, within a period of one year from the date of finalization, without incurring any further charges.
*Payment Schedule
- 25% retainer is required to commence the work. You will be asked to provide documents/information that are inputs to the financial planning process.
- 50% of the balance would be due five days before the first meeting, which will be to go over the draft financial plan. Any changes to goals/scenario will be discussed during this meeting.
- 50% of the balance would be due five days before the final meeting, where a final copy of the financial plan will be shared, and implementation items will be finalized.
Payments can be made via an e-transfer to [email protected]
| Client Investable Assets | With a Financial Plan Annual Fee % | Without a Financial Plan Annual Fee % |
| $999,999 or less | 0.75% | 1.00% |
| $1,000,000 to $4,999,999 | 0.50% | 0.75% |
| $5,000,00 or more | Call for a quote | Call for a quote |
Client assets can be held in ‘Client Name’ accounts or in ‘Nominee’ accounts. Client Name accounts are held with a financial institutions. There are no trading fees associated with ‘Client Name’ accounts.
‘Nominee’ accounts held via Carte Wealth Management have a different fee structure based on the type of account (Registered, Non-registered etc). There is a trading fee associated with ‘Nominee’ accounts. Kindly email [email protected] for a schedule of the ‘Nominee’ account fee structure.
We get paid by the insurance company for each sale. The final compensation depends on the type of product (Life, Critical Illness, Disability or Group Benefits) and could involve a bonus component to reflect the total volume of sales in a given year.