Milner Financial helps our clients to protect and preserve their families financial well being. We strive to make sure our clients grow their wealth without sacrificing their peace of mind.
TFSAs Tax Free Savings Accounts
- grow your savings tax free
RRSPs Retirement Savings Plans
- keep more of the money you earn
RRIFs Registered Retirement Income Funds
- effectively spend your RRSP’s in retirement
Get 20% or more on every dollar you save towards your children’s post secondary education
Tax efficient investment strategies for non registered money
In Trust Accounts
- accounts for minors that defer tax and allow for growth
- effectively invest your retirement packages from your employer
- help employees save for retirement
- allows business owners to protect their employees with cost effective Health, Dental and Life Insurance
- guaranteed protection of your investment principal while participating in the market
- guaranteed growth on your money at a fixed interest rate
- never worry about out living your money
Term, Whole Life, Universal Life and Guaranteed Issue
Critical Illness Insurance
- if ever diagnosed with a life threatening illness you can receive a benefit of thousands of dollars
- protect your income in case of a life altering injury or illness.
- make sure your loved ones are taken care of when you're gone
At Milner Financial we can provide a broad span of products not always available ie. GIC’s, annuities, mutual funds, segregated funds, ETF’s, stocks and bonds available through our PRIVATE WEALTH MANAGEMENT division.
Private Wealth Management represents an enhanced level of investment management service. Whereas most other investment management solutions are “cookie cutter” , Private Wealth Management entails individually tailored your portfolios with a superior level of personal service. You can enjoy peace of mind knowing your investments are being professionally managed according to your specific objectives.
Discretionary investment management services are appropriate for businesses, trusts, estates, charitable foundations and not-for-profit enterprises as well as high net worth individuals. High net worth individuals with more than $250,000 in investible assets and/or taxable income greater than $87,000 dollars will benefit most from the strategies available as a result of Private Wealth Management. There are also Private Wealth Management solutions available for as little as $100,000.
Investia is part of Industrial Alliance Insurance and Financial Services. We work primarily with our affiliate IA Clarington Investments and their Private Wealth Management unit. We do however have access to a variety of other Private Wealth Managers. Our selection of a manager will be based on your specific needs and the managers’ specific skills.
With Private Wealth Management, your investment strategy is designed specifically to your needs. The managers have access to individual securities such as stocks and bonds and use these as the core of their strategy. Any potential gains or losses in individual securities are yours and not "co-mingled" as is the case of a mutual fund.
Yes. Your financial advisor continues to be an essential part of the Private Wealth Management equation. Your financial advisor continues to provide advice on your overall financial plan, estate planning, insurance needs. As well your advisor will monitor our performance and adherence to your Investment Policy Statement, which is the roadmap for your investment strategy.
This is negotiable but the cost range is 1.5% to 2% (+HST) as the range of fees for PWM. A portion of private wealth management fees may be tax-deductible in non-registered accounts.
Fee for service, sales commissions, embedded fees or in some cases a combination of these. All advisors will soon HAVE to disclose their compensation.
The client is charged for time spent by the advisor on their behalf to develop a financial plan or report on an area of concern.
These fees are paid by the investment company when a fund is sold. The company pays the advisor for the initial sale and a trailer fee for the ongoing reporting and servicing of the account. The client does not have to pay the advisor and all their money gets invested.
It is an agreement between the advisor and a client outlining the requirements and risk tolerance of the client required in order to form an ongoing work relationship.
They are paid to the advisor based on assets under management. Fund and insurance companies pay from .25% to.5% and in some cases up to 1% per year ongoing commission.
The company takes a management fee out of the total assets in the fund. This fee has to be posted in its prospectus and returns posted for the fund have to be after fees. A $100 million fund with a 2.5% MER would draw $250,000 in fees per year to pay their staff and analysts, premises costs and trailer fees. Earnings returns are posted after fees.