But a dream without a plan is just a wish.
Planning is the first and most important factor in securing a solid financial footing for you and your loved ones. As you begin to consider retirement, as Fee-Only Ottawa Certified financial planners we are able to help you make the critical decisions about cash flow, investments, taxes and risk management.
We are able to adapt our role to your needs. We have found that in some cases individuals only require a skeleton plan and others prefer a full financial approach. We are able to customize our responsibilities to your requirements.
With MDL financial you have the ability to choose fee-only financial planning or planning with wealth management. We can help you select the service that is best suited for you needs.
Planning Services and Fees
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Frequently asked questions
We don’t pigeonhole or stereotype our clients. Each person is unique in their financial goals and situation. Most of our clients do share the desire to be empowered, set achievable financial goals and learn how to accomplish these things. We work with people of all ages and wealth levels. They turn to us for honest and forthright advice on an ongoing basis.
After we have all of your pertinent information, the first draft can be produced in about 3 or 4 weeks. After that it may take up to six months to fully implement the plan. Then we are available to you for ongoing advice when situations change.
We are professional, experienced advisors. We work toward your interests only. You can expect us to ask a lot of different questions. We want to know all about you because your finances impact almost every aspect of your life including career, family, health and leisure. The more information we have and the more forthcoming you are, the better we serve you. After that we are available as conditions change. We plan to stay in touch to be sure the decisions are still relevant and to help with any new opportunities.
No. Financial planning, what we do, is a comprehensive overview of all of your life including budgets cash flow, borrowing, insurance, tax planning and more. We make sure your investment advise correlates with your goals and helps determine which securities will best fit your plan.
Not at all. We charge for advice and for the plans we develop. After that you are free to hire anyone you like to handing the investment process.
We are a completely independent advisory service. We are not connected to any financial institution or its products. Our goal is to find the best combination of products that are available and will help you achieve your goals.
No. We do not receive any commissions on investment products from our financial planning clients. For those who choose our Wealth Management Service, we take a fee as a percentage of the assets we manage. These are fully disclosed. According to industry practice, we can receive a commission on insurance purchases. All of our fees and commissions are transparent. We voluntarily provide all information without being asked.
No. Although we are often asked to make recommendations of professional specialties, we do not accept any commissions or fee splits.
Our fees are based on the service we perform. During our complimentary consultation we will help you determine which services would be most appropriate for your needs and provide you with our fee schedule. You can also review those amounts here. If you have questions, do not hesitate to contact us.