The advisor is an independent advisor and will at all times be guided by the client’s needs and the best interest of the client.
The advisor is governed by a Code of Conduct and by the laws and requirements of the province of Alberta.
- Parties to this Disclosure: The Advisor offers his services to the above-named client to act as their advisor and may provide financial advice upon reviewing the client’s financial affairs.
- Overview of Disclosure: Under the terms of this disclosure, the advisor will provide advice in the identified areas outlined below.
- Employee Benefits: Discuss with the employer the advantages of group insurance and implement a business plan.
- Investment Management Strategy – Identify the clients target asset allocation and investment objectives and the steps needed to implement the strategy.
- Retirement Planning Strategy – Identify changes the client needs to make in their current behavior that will allow the client to achieve their personal retirement goals and objectives.
- Email – Approval for contact, service and marketing.
- Education Planning Strategy – Identify what the client needs to do to achieve their educational funding objectives.
- Needs in the Event of Death Strategy – Review the client’s situation in the event of death and develop a strategy that will ensure that their family is able to retain the lifestyle that they are accustomed to.
- Needs in the Event of Disability or Critical Illness Strategy – Review the client’s situation in the event of a critical illness and/or disability and develop a strategy to ensure their goals and objectives are achieved.
- Estate Planning Strategy – Perform a review or the estate situation to ensure that the client’s wishes are carried out in the event of a death.
- Product Transaction – Conduct and negotiate the sale and service of a specific financial product in the absence of any comprehensive written advice, supporting financial planning documents or agreements on the expectation of such services.
The client understands that the calculations, projections, advice and recommendations provided will be based on the information submitted by the client. The client understands that these will be projections only and that the actual results may vary depending on a number of factors and future events.
- Terms of Continuous Service: All aspects of financial planning are ongoing processes and, after completion of the work covered by this disclosure, will require implementation, ongoing monitoring and regular review. The client understands that in order to achieve their personal goals and objectives, it is important that the advice and recommendations be implemented. Failure to do so will most likely result in the client not being able to achieve the stated goals and objectives.
- Responsibilities: The success of the advisor-client relationship will be dependent upon each party fulfilling their responsibilities and being accountable for one another. The following defines these aspects of their relationship.
The Client’s responsibilities are to:
- Provide the advisor with the initial information required to complete the work identified under the terms of this disclosure.
- Keep the advisor apprised of any relevant information concerning the client’s personal financial affairs that may have an impact on the client’s situation.
- Make decisions and act on advice rendered, or seek alternate advice from the advisor that will enable the client to achieve the client’s objective.
The Advisor’s Responsibilities are to:
- Advise the client when information is required to complete the work identified under the terms of this disclosure and what information is required to maintain the ongoing planning services.
- Review the client’s financial affairs and provide professional advice in the areas covered by this disclosure.
- At all times exercise reasonable professional judgment and act in the client’s best interest.
- Implementation Process and Disclosure: The advisor will provide services to coordinate the implementation of the action plan. In implementing any action plan steps, at the client’s discretion, the client may acquire insurance products and investments through the advisor as permitted by the advisors license. Should the client apply for insurance products through us, we will provide further intermediary disclosure as required by the Alberta Insurance Council.
- Termination and Variation: Either the client or the advisor may terminate this relationship at any time by giving at least two weeks written notice. Termination will not relive the client of any outstanding obligations or fees payable.
- Third-Party Professionals: During the process of providing financial advice it may, from time to time, be prudent to consult with other third-party professionals such as a lawyer or an accountant. In the event that such a consultation is deemed beneficial or necessary, the client will be advised and requested to pre-approve any such consultation. At that time, the client shall confirm that they are responsible for any and all professional fees incurred. No such consultations will take place without the client’s express consent. Where a referral fee or other compensation is paid to a third-party the client shall be advised of the payment by the advisor prior to the completion of any transaction.
- Confidentially: During the course of the relationship, it will be necessary for the client to provide a variety of very personal financial information. The quality of the work undertaken on behalf of the client requires the personal information to be accurate and complete. The advisor commits that all information will be held in strictest confidence and that no information shall be divulged about the clients personal situation to any outside organization or government agency without the clients prior consent, unless as it may be required by law. It is further understood that due to the Personal Information Protection and Electronic Documents Act (PIPEDA), the client directly authorizes the advisor to maintain information of a personal and private nature that could be considered pertinent or necessary in the provision of financial advice until requested by the client in writing to destroy such information, if and when no longer required.
- Client Redress: if, at any time during the professional relationship, the client has any complaints or disputes that cannot be directly resolved with the advisor, the client understands that there are a number of options to be heard and seek solution. In the unlikely event it becomes necessary, the advisor agrees to make the client aware of what the complaint process is and whom to contact.
- Advisor Compensation: The advisor is compensated by salary and may also receive compensation through commissions. This additional revenue will be received as a result of the placement of investment, insurance and other financial products. Our primary suppliers include but are not limited to: Manulife, Equitable Life, Empire Life, GWL, Blue Cross, Encon, SSQ, Canada Life, Industrial Alliance, RBC and BMO.