“I’m interested. What does this look like for me?”
Financial Advisors traditionally focus on the tools of wealth management such as investments and risk management products. Unlike other firms with big up-front costs (and a plan that sits on a shelf collecting dust), we actively work with our clients to help ensure their success. Our Wealth Mentors go further and incorporate cash flow management, legacy planning, and wealth coaching.
We know that people understand their own financial situation best, which is why we don’t find it necessary to use complicated financial language. We talk to people like a knowledgeable friend, not an investment representative.
It’s all covered by a low monthly fee and, because we’re so confident you’ll find far more value in the process, there is no long-term commitment.
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Start from anywhere
There is no investment account minimum. The DesignWealth fee works on a sliding scale based on income rather than how much you have saved.
If you have investable assets, that’s great! If you don’t, no worries. We will work together to get to where you want to go.
DesignWealth was built on multiple years of research bringing together best practices from different countries like the United States, the United Kingdom, and Australia. In addition to financial planning, DesignWealth incorporates life planning, managing financial behaviours, accountability, cash flow management, and coaching, that has yet to be found elsewhere in Canada.
We find that those who receive the most value from DesignWealth are people who want to improve their current situation. You need to be willing to put in the time and effort to see change because at the end of the day it all goes towards you and your future.
Think of us as personal trainers. We can create a meal and exercise plan, but you aren’t going to improve if we're the ones eating healthy and lifting weights.
Absolutely! A lot of our retired clients value knowing how they should be spending their savings to last them their lifetime. Remember, if you decide to retire at 65, you still have decades of life ahead of you. Make sure you have the ability to support the goals you've worked hard towards.
When getting started, you will be meeting your Wealth Mentor more often during the first couple of months as they get to understand you and your situation. Once your plan is implemented, you should be reaching out to your Mentor prior to making difficult financial decisions. You will also be hearing from your Mentor throughout the year to ensure that you are staying on track and keeping you accountable. When an adjustment is needed, your Mentor will update your information.
Yes. The DesignWealth fee is updated every year based on last year's gross household income (Line 15000 on your tax return).
This is to ensure that the fee is proportionate to your income. Should you find yourself making more money, firstly, great job! As income increases, it naturally comes with more complexities. The fee change is especially helpful if you anticipate seeing a decrease in income. This will allow you to continue accessing the needed advice.
The monthly fee helps to hold you accountable to your goals while demanding the advice you need through the DesignWealth process. By having the fee, we are separating the value of advice from the tools. At the end of the day, nothing is stopping you from accessing the tools like investments and risk management on your own. What is truly valuable is the advice and accountability.