Process

When working with clients, we take a holistic wealth management approach. This means that in order to create a well-designed financial plan, it is important that we fully understand your current and desired financial situation, including debt management and your investment and insurance portfolios.

After an initial wealth assessment, the first step is to craft a Letter of Engagement. This agreement outlines the scope of our relationship and our mutual obligations and expectations. Next, we design an Investment Policy Statement, based on your risk tolerance, which outlines how your account will be managed. One aspect to consider when structuring portfolios is Tax Optimization. This involves minimizing taxes (current and future) and may allow you to recover government claw-backs such as Old Age Security (OAS). Concentration risk, defined as the risk having too much of your portfolio exposed to too few investments, is also monitored on an ongoing basis to ensure proper diversification.

We also offer a full Wealth Strategy, which is a comprehensive financial and estate plan, to tie all of your life goals together in a detailed analysis.

At Canaccord Wealth Management, we offer open architecture. This means that we are able to recommend the best solutions and strategies for you, without pressure or bias to certain products.

We have built our business on a fee-based or an asset-based basis, as opposed to a commission driven relationship. Where possible, we prefer to offer solutions where advisor compensation is not buried in the cost of the product, but is clearly apparent to you. We believe this not only provides better transparency, but also allows us the objectivity of selecting investment solutions that are the most appropriate to your personal situation.