Composite Finance Inc.
GIC's and Financial Planning in Nanaimo & Victoria - Graham Cook CFP, FMA, CIM
The Process
Comprehensive & Modular Planning
If the intention is to engage in a planning relationship we do not charge for our initial discussion. You need a chance to gauge compatibility and we need an understanding of your needs and expectations.
If the decision is to proceed, we estimate the hours required and offer a proposed engagement agreement with a fixed price for your approval. The scope of work, cost, terms, confidentiality agreement and confirmation of our fiduciary duty are all included. Comprehensive plans start at $1,800 although most fall in the $2,000 to $5,000 range. The cost is based on complexity and the time required to provide the service, every situation is unique.
Our payment terms are one-half of the fee upon signing the Engagement Agreement with the remainder due upon presentation of our report.
We always use an engagement agreement for comprehensive & modular planning. Our engagement agreement provides safety and clarity and brings about a mutual understanding where the expectations of each participant can be agreeably met. In sensitive relationships involving personal and financial information it is necessary and appropriate for all to clearly understand the nature of our mutual commitments.
We will not engage with a client unless we believe the value we add will far exceed the cost of the service. Quality advice shouldn't cost you anything on a net basis, it should bring you more wealth, more time and more freedom.
The client using specific methods of implementation can avoid: fees based on assets, advisor commissions, sales loads, deferred sales charges, hidden trailer fees, high management expenses and even custodial charges for safekeeping your securities. These saving alone are usually several times greater than the cost of the planning service.
When you consider that planning is a one time cost that requires nominal maintenance whereas the potential savings are compounded annually in perpetuity you begin to get a sense of the incredible value of the service.
Clients typically implement the wealth management plan using their existing bank/brokerage, legal and accounting relationships. Regardless of the format of your current arrangements we can work with you to make improvements and modifications.
Second Opinion or Periodic Consultation
We are happy to meet with you on an hourly basis for one-off or periodic consultation. Many people looking after their own financial affairs have important questions from time to time and many others just want a second opinion about their progress.
2 nd Floor, 20 Townsite Road, Nanaimo, B.C., Canada, V9S 5T7
Call: 1 250 716-5750
Toll Free Fax: 1 866 598-7496
101 - 3960 Quadra Street, Victoria, B.C., Canada, V8X 4A3
Toll Free Phone: 1 888 361-8631
Email: CompositeFinance@telus.net
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