Fee Options

Option 1: Collaborative Financial Planning (Ongoing)

Time commitment: 4–6 in-depth initial meetings + ongoing support

  • Business Owners/Corporations: Starting at $7,500/year + tax

  • Couples/Families: Starting at $5,000/year + tax

  • Single: Starting at $3,000/year + tax

Annual option: 50% upfront, 50% at plan delivery. Monthly option available (12-month minimum).

Option 2: Quick Start Plan

Ideal for new business owners or early-career professionals. Time commitment: 2–3 meetings

Fee: $2,000 + tax

How You Can Offset or Eliminate Your Planning Fee

You can reduce or eliminate your planning fee when retaining us for investment management. This is completely optional and depends on how you prefer to work with us.

-> Important: When we manage your investments, the advisory fee we receive may reduce or eliminate your future planning fees, based on your household asset level and the total scope of our relationship.

This keeps your total cost transparent, simple, and fair.

Investment Management:

  • 100% of advisor-received compensation may be applied toward reducing your future planning fee

  • Household assets (corporation, spouse, children, parents) can be combined to lower your advisory rate

  • Planning-fee adjustments are calculated annually using your January 1st household balances (or your initial balances for mid-year start dates)

Advisory Fee Schedule

  • 1.25% on $0–$500,000

  • 0.97% on $500,000–$1,000,000

  • 0.79% on $1,000,001–$2,500,000

  • 0.65% on $2,500,001–$5,000,000

  • 0.50% on $5,000,000+

Example: A $1.6M portfolio is charged at 0.79% on the entire balance.

Insurance Products (Life, Disability, Critical Illness, Individual Health, Group Benefits):

Provincial insurance legislation does not allow insurance commissions to directly reduce planning fees.

However, when clients engage us for planning and choose to implement insurance strategies with us, we may use discretion to adjust future planning fees to reflect the broader scope of the relationship.

Summary: How Our Fee Offset Works

If you manage your own investments and insurance:

→ You pay the planning fee only.

If First Wealth Advisors manages your investments:

→ Advisory fees may reduce or eliminate your future planning fees
→ At higher asset levels, the planning fee is fully eliminated
→ At lower asset levels, the planning fee is reduced
→ You never pay the full planning fee and the full advisory fee at the same time

If you implement insurance through our firm:

→ Insurance commissions do not reduce current year planning fees
→ However, we may adjust future planning fees to reflect the overall relationship
→ Fully compliant, transparent, and always discussed openly

Book your discovery call