Pricing
How I’m paid, in plain terms.
It always starts with the financial plan. Investment management and insurance come next, both separate and optional, and you’ll know which apply to you before you decide anything. Nothing is bundled, nothing is hidden.
Step 2 · Investment management
Optional. When you move assets to me, this is my advisory fee for managing the portfolio.
| Household assets | Advisory fee |
|---|---|
| Under $1 million | 1.25% |
| $1 million to $3 million | 0.90% |
| $3 million to $5 million | 0.70% |
| Above $5 million | 0.50% |
The rate for your tier applies to the whole portfolio, not only the amount above the threshold. Accounts held by your spouse and dependent children in the same household are counted together to set it, so a household reaches the lower rates sooner. Charged on assets held through Portfolio Strategies Corporation and disclosed in writing.
This advisory fee does not include the management expense ratio (MER), the product fee charged by the fund manager, which is shown in each fund’s disclosure documents.
The advisory fee is charged before applicable taxes (GST/HST).
What that works out to
Illustrative only. The advisory fee follows the tiers above; the fund MER is assumed at 0.30% and actual fund costs vary (see each fund’s documents). Not a projection of returns.
Step 3 · Insurance
Insurance placed through PPI pays a commission from the insurer. You’ll see the amount and the structure before anything is signed, and no part of the planning work depends on buying a policy.
The order
Start with the financial plan. Decide what comes next afterward.
First, we figure out where you stand, work through the decisions that matter, and build the financial plan. Once that work is done, you decide how much help you want going forward.
For many clients, that means moving to investment management and putting the insurance piece in place. If you would rather take the financial plan and handle what comes next yourself, that option stays open too.
And if your needs change later, the way we work together can change with them.
Questions?
Not sure which pieces apply to you, or want the fee confirmed for your situation? Let’s talk it through.
Free, about thirty minutes, no obligation.