Who are you associated with?
I am independent. I represent a majority of the mutual fund and insurance companies offering products in Ontario today including but not limited to Canada Life, Transamerica, Manulife Financial, AIC, Mackenzie Financial, Dynamic, Fidelity, Aim-Trimark.
How do you get paid?
The companies whose products I sell compensate me for the sale. No other fees or commissions are charged.
Are you compensated differently for different companies products?
I have no affiliation to any one company and am compensated equally for all.
What are the products and services you offer?
I offer a complete line of insurance and investment products for groups and individuals from the majority of financial providers in Ontario. They include guaranteed products like savings accounts and GIC’s as well as more speculative investments like rrsp’s, group rrsp’s and leveraging opportunities. Insurance products include life insurance, disability insurance, critical illness insurance, long-term care insurance and group benefits.
What are the set-up options for mutual funds?
There are two ways to purchase mutual funds. The first is called Front-end load where a small percentage (0 – 5%) is taken from your deposit by the mutual fund company to help pay fees including my commission. The second option is to use a deferred sales charge option or DSC. There are no upfront fees withheld but if you remove your investment before the end of the surrender charge period (typically 6 - 7 years) a withdrawal fee will be charged ranging from 6% to 1% of the withdrawal.
What’s an MER?
A Management Expense Ratio is an annual fee, calculated on the assets of the fund at the end of each day. All returns are net of the MER. The average MER is 2.5%.
Are there any set-up fees for mutual funds?
Depending on the type of account that is appropriate there may be a set-up fee of $45.
Does anyone else see my personal information?
All information gathered is seen only by those involved in an administrative role as required by their job functions. Please also see Privacy Policy.
What is whole life insurance?
A permanent insurance plan that offers a life insurance death benefit, guaranteed premiums for life and cash values. The cash values are based on the performance of a participating fund managed by the insurance company.
What is universal life insurance?
A permanent insurance plan that offers a life insurance death benefit, guaranteed premiums for life and cash values. The cash values are based on the returns of investment options chosen by the insured. Options may include GIC’s, stock market indices or mutual funds. Some refer to it as a self-directed insurance policy.
What is the Insured Retirement Program?
An insurance program that takes advantage of the tax-free growth status of a tax-exempt life insurance policy to accumulate cash. This cash may be accessed in the future either directly from the policy or through a loan from a bank. See Insured Retirement Program.