Comprehensive fee-based financial planning is ideal for individuals and families who are looking for personalized advice and guidance on their finances. It is particularly useful for those with complex financial situations, such as high-net-worth individuals, business owners, and retirees. If you are looking for a holistic approach to managing your finances and are willing to pay for expert advice, comprehensive fee-based financial planning may be right for you.

The process starts once we have a signed engagement letter. We then provide you with a comprehensive list of information that we require before starting your plan. When we have all the required information, we can begin planning. The typical time to complete a comprehensive financial plan is approximately six weeks. Within that time frame, we will present a draft plan to review and discuss with you. The takeaways from this meeting will be reflected in the final plan, which is typically presented during week six. Implementing the action items within the plan can take up to six months or longer depending on the nature and complexity of what is required.

It should be noted that the financial plan is made at a point in time, and as with everything in life, there will be changes to your plan as your situation evolves, thus making planning an ongoing process. The comprehensive plan should be reviewed annually or more frequently if there have been material changes to personal and or household circumstances.

When choosing your financial planner, it is important to do your research and consider several factors, such as experience, credentials, and fees. Look for a planner who has experience working with clients in similar situations to yours and who is willing to explain their approach to financial planning in detail. You should also consider their communication style and whether they are a good fit for your personality and needs.

Working with a financial planner differs from investment advice based on the scope of work being provided. Comprehensive financial planning covers the areas of cash flow management, debt management, budgeting, risk management (insurance), investing, tax planning, estate planning and retirement planning that align with your goals and values. Investment advice is the process of making sure your investment portfolio is aligned with your short, medium and long-term goals.

Moraine Wealth Advisory offers comprehensive financial planning as well as investment advice and management.

No. Engaging Moraine Wealth Advisory for planning advice does not require you to invest with us. You are free to use anyone you choose to work with for investment advice.

Moraine Wealth Advisory is proud to be registered as an Associate Portfolio Manager with Raintree Wealth Management. Our Calgary financial advisor team is currently registered in Alberta and British Columbia. 

In some planning situations, it may be recommended to incorporate some form of life insurance. In those cases, the advisor would receive a commission.

We often work with more than one member of a family, such as parents and adult children, or siblings. When determining fees, we account for the family’s total wealth when setting individual family fees. If part of the plan involves life insurance and the implementation of life insurance as part of your risk management and or estate planning, these products will pay a commission.

No. We do not receive compensation from external professionals we refer our clients to. When clients do not have a corporate lawyer, estate lawyer, certified business valuator or tax accountant, we will refer you to someone we feel will be right for your situation.