Fee-only financial planner Ottawa2022-09-12T18:51:44+00:00

All Great Things Begin With A Dream

Learn more
Schedule a Call

All Great Things Begin With A Dream

Learn more
Schedule a Call

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.

How it works?

MDL Financial Our Process Dec 2021

Planning Services and Fees
Click on the services you need below to learn more

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.

There is no cost for this confidential appointment.

Connect with a MDL Advisor

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.

Connect with a MDL Advisor

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.

Connect with a MDL Advisor

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.

Connect with a MDL Advisor

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
Connect with a MDL Advisor

Frequently asked questions

What is your typical client?2020-10-02T11:06:58+00:00

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.

How long does the process take?2020-09-19T01:29:21+00:00

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.

What can I expect from you?2020-09-19T01:29:21+00:00

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.

Are financial planning and investment advice the same?2020-09-19T01:29:21+00:00

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.

If you do my financial plan, must I invest with you?2020-09-19T01:29:21+00:00

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.

Are you tied to any specific investment products?2020-09-19T01:29:21+00:00

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.

Do you take commissions from financial institutions?2020-09-19T01:29:21+00:00

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.

Do you share fees with other professionals?2020-09-19T01:29:21+00:00

No. Although we are often asked to make recommendations of professional specialties, we do not accept any commissions or fee splits.

How do you get paid?2020-09-19T01:29:21+00:00

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.

Ready for your free consultation?

Find out how Ottawa’s best financial advisor can help you live the life you’ve always dreamed of.

CONTACT US
Go to Top