During this session we meet and discuss your current financial situation and expectations of the future. This gives you the benefit of our experience and knowledge and we can offer an objective appraisal of your financial health and prospects for the future. We are able to give you the perspective of an observer to highlight any gaps and help you refine your vision for the next steps in your life.

Our goal is that you leave our meeting with clarity and an idea of how we could help you achieve your dreams.

During this meeting we will again discuss current finances including expenses and assets as well as plans for the near and distant future. We will be able to develop a number of scenarios to help you see the potential of various investment opportunities.

You will leave with a clearer vision of your goals and how to meet current and future needs. With a commitment to a solid plan most people are able to achieve the success they are after.

We usually plan to coordinate with other professionals that you may already have on board. This includes a lawyer for an estate plan, an insurance broker for contingencies, tax advisor for their perspective of your liabilities. At MDL Financial we will act as the pivot point for all these advisors. This gives you, the client the confidence that all is well and you may continue to grow in your career and personal life.

Current studies show that 81% of Canadians who have developed a financial plan, feel they are on track with their goals and 65% of Canadians with a plan feel they have enough money for the occasional splurge.

Modular services that may include one or more of the following:

• Cash Flow management: budgeting, establishing emergency plan, establishing short-medium terms savings plan.

• Debt management: loan structure and consolidation plan, mortgage/freehold property plan. 

• Risk management: insurance needs review and recommendations. 

• Retirement planning: determining income post-retirement needs, arranging pre-retirement accumulation plan. 

• Investment planning: risk profiling, asset allocation strategy, portfolio construction guidelines. 

• Taxation planning: compliance/tax return management, mitigation strategies, income splitting strategy. 

• Estate planning: asset ownership, legal structures, bequests and legacies planning; estate protection plan. 

Comprehensive fee-only financial plans starting at $1,650.  The price will vary depending on the time involved in developing your plan.  

*If you choose the planning with wealth management, the financial planning fees are waived.

The business owner has needs that can differ from other professionals. They have concerns about transactions, shareholder and investor involvement, succession planning and other issues.

Our goal in these cases is to provide a broader perspective. We will, of course, include personal finances but a great deal of the focus will be on the current and future operation of the business concern and integrating personal and family needs.

We are able to work with even complicated companies like family-owned, operating companies, and holding companies. We have experience dealing with family trusts and silent partners. While this service is more expensive, it is actually very cost-effective considering the complexity of the business and personal issues.

• Compensation strategies
• Business succession planning
• Shareholder agreement funding
• Estate Planning considerations

Comprehensive fee-only financial plans for business owners starting at $2,750.  The price will vary depending on the time involved in developing your plan.  

*If you choose the planning with wealth management, the financial planning fees are waived.

Sometimes you just need an independent consultation for a specific issue. We understand that and can offer our services on an hourly basis.

We will deal with the specific questions you pose and offer our solutions. We are also able to review any existing financial plans prepared by another company in lieu of developing a new one from the beginning. In this case, we focus on any gaps, critical changes in your lifestyle or condition, and regulatory issues.

Our fee is $275 per hour.

For those willing to invest a minimum of $250,000 we can offer a comprehensive investment strategy that will integrate into a cash flow, tax, and retirement plan we develop with you as a team. This will include ongoing reviews, investment advice, and financial planning. There is a graduated annual fee depending on the amount invested.

• First $1 million is 1%
• Next $1 million – $5 million is .8%
• Next $5 million – 10 million is .6%
• Customized pricing available for accounts $10 million and up

Additionally there are product costs of:

• Actively managed portfolios (i.e. investment counsellors, mutual funds, segregated funds) have embedded fees that typically range from .4% to 1%
• ETFs range from .05% to .85%
• GICs and annuities do not have embedded management fees. A sales commission is factored into the yield of the product