Services & Fees
Moraine Wealth Advisory provides a range of service options to cater to your preferences and needs, such as planning-only service or planning with wealth management. Whichever option you choose, our team is dedicated to helping you make informed decisions and achieve your financial goals. We are committed to understanding your individual needs and tailoring our services so that you receive the most suitable and personalized support along your financial journey.
In every aspect of our services, we provide:
Comprehensive Advice:
With a comprehensive plan we can look at how decisions in one area of your plan will impact other areas. By taking a holistic view, we can see how funding new goals might have an impact on your investible assets and your ability to sustain inflation adjusted income throughout retirement. We work closely with your other financial advisors such as accountants and lawyers to make sure everyone is on the same page.
A Holistic View
We understand and see how all components of your plan are intertwined – including recommendations from your other advisors. We incorporate all aspects of your financial life into one guiding document (your comprehensive financial plan) and are often viewed as “the quarterback” of your financial strategy.
Confidence
A sustainable, stress-free retirement starts with building a solid foundation. At Moraine Wealth, that foundation is your financial plan. We work together to define and achieve your goals, your values, and the things that are most important to you so that you can live not just for the future but enjoy your best life today.
Initial Consultation
Summary:
We will discuss your values, goals and desired retirement along with your current financial situation, cash flow and plans to discover where you stand, what you are doing well, and what needs to be addressed.
Value For You:
- Meet with a financial expert and objectively review your current situation.
- Receive a high-level assessment on where you stand – identify shortfalls, issues and risks and some ideas of how you might go about addressing them.
- Clearly define goals, and potentially add or amend existing goals (clearly and well defined, measurable, include amounts, dates etc.)
We Provide:
- A second set of eyes and a professional high-level view of where you currently sit financially.
- A detailed breakdown of what will be provided to you if you engage our services.
- If you move forward with a planning engagement, a detailed engagement letter will be provided.
Cost:
Complimentary
Comprehensive Personal Financial Plan
For Individuals and Couples
Summary:
A comprehensive review of your current finances including income, expenses, and goals. Our evaluation will provide you with recommendations, multiple scenarios, and the impact on your investible wealth over time along with estate taxes and estate values.
Value For You:
- Receive a comprehensive blueprint that outlines exactly where you stand financially and what is required to meet your short, medium, and long-term financial goals – including recommendations to mitigate and navigate unexpected hurdles.
- Having analyzed and made decisions on the recommendations provided, you’ll also receive ongoing support and guidance on the actions needed to reach your financial goals. Execution of the agreed upon recommendations is where the important work happens and the results take place.
We Provide:
- Clarification on your current financial situation which includes profile, net worth statement, cash flow analysis, income tax position, debt to equity analysis, debt servicing analysis, insurance coverage including employee benefits, wills and powers of attorney.
- Assistance in planning realistic goals and objectives (goals must be clearly stated and addressed, prioritized in short, medium, and long-term).
- Identification of problem areas and opportunities.
- Analysis and recommendations for the following areas:
- Net worth (multi-year)
- Cashflow management (multi-year)
- Retirement / Financial Independence Planning
- Tax Planning
- Estate Planning
- Risk Management
- Special Needs or Situations
Cost:
$4,000 per plan.
Comprehensive Financial Plan
For Business Owners and Incorporated Professionals
Summary:
For business owners, we cover everything that would be included in a personal financial plan, with added planning analysis for the complexities of having an operating business, holding companies, and family trusts.
Value For You:
- Comprehensive planning covering your professional corp, operating business, holding company and family trust.
- Compensation Strategies – Salary versus dividend or a combination of the two, consideration of whether IPP or RCA (Individual Pension Plan OR Retirement Compensation Agreement) is right for you.
- Business Succession Planning – An assessment of details such as adequate share holder agreement with funding, third party valuation, etc.
- Strategies to minimize tax today and for the estate (estate freezes, corporate owned life insurance).
- An understanding of whether your corporate wealth plays a role in providing income for you in retirement, or if corporate assets considered surplus. If corporate assets are surplus, prudent management and strategies to manage the wealth moving forward.
We Provide:
- Everything included in Personal Planning plus
- Compensation strategies and recommendations
- If you’re ready to begin business succession planning, we will assist in connecting you with the appropriate professionals to facilitate the process
- Shareholder agreement / buy sell funding
- Estate planning (tax minimization strategies)
Cost:
The vast majority of plans will be $6,000, but in some complex cases the price may be higher. In cases like this, the cost will be agreed upon before any work begins.
Wealth management
Summary:
Implementation and ongoing discretionary management of your investment plan using institutional subadvisors (minimum investment: $1 million).
Value For You:
- Where advice and execution meet – investment strategy based on suitability, actively balanced, and coordinated with your cash-flow needs, tax strategies, and retirement income plan.
- Integrated with the simplicity of a discretionary portfolio manager (supported by investment policy statement, and investment management agreement).
- Confidence in having a fiduciary oversee your wealth – the highest standard of care required in the investment industry.
We Provide:
- Comprehensive financial planning integrated with discretionary portfolio management.
- Consolidated wealth and financial planning.
Cost:
Fees are based on first dollar versus marginal dollar:
- At $1,000,000 fees are 1.20%
- At $2,000,000 to $5,000,000 fees are 1.1%
- At $5,000,000 to $10,000,000 fees are 0.9%
- At $10,000,000 to be negotiated.
Fund costs are capped and will range from approximately 35 to 45 basis points. Once the financial planning engagement is complete, there are no further hourly fees for ongoing comprehensive financial planning.
Hourly Consulting
Summary:
We provide by-the-hour services designed around the delivery of specific information or engagement.
Examples:
Update an existing financial plan (if completed by Moraine Wealth Advisory), identify any new gaps or recommendations to remain on track.
Receive answers to specific questions (evaluate pensions decisions, potential strategies related to real property sales, business compensation decisions, impact of gifting or helping an adult child, etc.)
Cost:
$350 per hour