One advisor. Your full financial picture. No gaps.

Most people work with several advisors who never talk to each other. Scattered accounts and incomplete planning. Nobody is connecting the dots.

That's not how we work.

At First Wealth Advisors, we aim to handle everything for you. Planning, investments, insurance, group benefits, health spending accounts, etc. When your full financial life runs through one trusted relationship, nothing falls through the cracks.

How We're Compensated (High Level)

We earn revenue through the financial products and services we manage for our clients. When you work with us across multiple areas of your financial life, that revenue covers your planning. You pay no separate fee.

The more of your financial picture we look after, the more we can do for you, and the more seamlessly it all works together.

How We're Compensated (In the Weeds)

Investment Management

We charge an advisory fee on assets we manage for you, your spouse, your corporation, and direct family members.

-> 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+

Each tier applies to the entire balance, not just the amount above the threshold.

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

Household assets can be combined to reach lower tiers faster. This includes your spouse, corporation, and direct family members (children and parents).

Fee adjustments are calculated annually using January 1st balances or your initial balances for mid-year start dates.

Personal Insurance (Life, Disability, Critical Illness, Individual Health)

-> We receive commission from the insurance carrier when a policy is placed

-> First-year commissions are higher, with smaller renewal commissions in subsequent years

-> This compensation counts toward your overall relationship with us

Group Benefits and Group RRSP/Pension Plans

-> We receive an ongoing administration or advisory fee from the plan provider

-> This counts toward your overall relationship each year

Health Spending Accounts

-> We receive a percentage of plan activity

-> This counts toward your overall relationship each year

Option 1: The Full Picture (Our preferred model)

When we look after your entire financial life, the products and services we manage often generate enough revenue to cover your planning costs. So you get comprehensive, ongoing financial planning with no separate fee and no extra out-of-pocket costs.

That revenue can come from any mix of our services: investment management, personal insurance, group benefits, group RRSP or pension plans, and health spending accounts.

If we don't see a clear path to meeting a sufficient revenue target, we'll tell you upfront and agree on a separate planning fee before we start. No surprises. No awkward conversations later.

This is how most of our clients work with us, and it's the model we believe in. One relationship. Everything connected. The planning simply gets done.

In the end, it's about building a relationship that works for both of us, so we can do our best work for you.

Option 2: Planning Fee Only

Ideal if you prefer to keep planning and product decisions separate, or if you manage your own investments and insurance elsewhere.

-> Business owners and corporations: Starting at $5,000/year + tax

-> Couples and families: Starting at $4,000/year + tax

-> Singles: Starting at $2,500/year + tax

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

How You Can Offset or Eliminate Your Planning Fee: If you later choose to consolidate your investments or insurance with us, the compensation we receive can reduce or eliminate your planning fee, based on your household (corporation, spouse, children, parents) asset level and the overall scope of our relationship. Always transparent. Always discussed in advance.

The Bottom Line

One advisor. One relationship. Everything connected.

Most clients in Option 1 never pay a separate planning fee. The revenue generated across their investments, insurance, and other services covers it. The planning gets done. The advice is ongoing. And the cost is built into what they're already paying for products they need anyway.

When a new relationship doesn't yet generate enough revenue, we say so upfront and agree on a fee before we start. No surprises. No awkward conversations later.

Either way, you always know exactly how we're paid and why. We think that's how it should work.