We understand the frustration and time you can waste trying to manage multiple advisors, many of whom have competing interests.
As your family's CFO, we will take on the lead role in overseeing your financial world and connecting with your advisors. We will also introduce you to introduce professionals from our network where needed to support all areas of your plan.
We provide a full service approach to wealth management that includes broad planning to grow and protect your wealth.
Our CK Wealth Process takes you through a process that helps to create a holistic plan that will help you reach your goals.
When deciding to work with a financial advisor, it is essential to feel confident that your investments will be secure and managed in your best interests. There is a perception that investing directly with banks is a safer choice. That is simply not true.
In choosing to work with us, your wealth is protected and our business model ensures that we are able to choose the right investments and insurance products for you.
We do not have any financial incentive to direct your investments to specified investment products. We instead can access to a wider variety of investing options to make the right choice to help you meet your goals. We can also access bank-branded investments where it makes sense to do so.
National Bank of Canada, the 5th largest bank in Canada, is our “custodian.” The role of the custodian is to ensure that advisors cannot embezzle funds. The custodian holds the assets in the client’s accounts. The only thing an advisor can do is trade within the clients account.
As our client, you would never write a cheque to John Cruise, Frank Katsilieris or CK Wealth Management. All cheques are made payable to NBIN Inc. – the custodian.
The safety of client assets entrusted to us is paramount. As an Investment Industry Regulatory Organization of Canada (IIROC) member, NBIN adheres to strict regulations regarding clientele protection.
Canada is recognized internationally as having one of the most stable banking and financial systems globally; IIROC is a critical contributor. IIROC is the national self-regulatory organization that oversees all investment dealers and trading activity on Canada's debt and equity marketplaces. IIROC sets high-quality regulatory and investment industry standards, protects investors, and strengthens market integrity while maintaining efficient and competitive capital markets.
Aligned Capital Partners is the compliance officer for CK Wealth Management. Aligned governs all of our activities to mitigate potential risk to our clients. They conduct third party reviews on a regular basis and an annual audit of our practices. They also provide back-office support and education to ensure we have access to the most up-to-date information and resources.
Fiduciary duty is a legal responsibility to act solely in another party’s interests. As portfolio managers, we have a fiduciary duty to act with care, honesty, and good faith, and must always put our clients’ interests first. Investment decisions therefore must be independent and free of biases. As a result, clients can place a higher level of trust in Portfolio Managers.
Portfolio Managers are required by the provincial securities commissions to have the highest level of education and experience in the investment industry. Both the firm and the individual managing your investments are monitored by the provincial securities commissions with which they are registered.
We understand talking about your finances can feel uncomfortable. It can also feel overwhelming with the amount of financial, tax, market and regulatory information available. To simplify the process , we have developed a step-by-step process.
We believe everyone's life journey influences their values, beliefs and philosophies. We need to understand you and the purpose of your wealth.
Only then can we develop a plan that reflects your personality, comfort with risk and volatility, that puts you on a path to reaching and achieving your life's goals.
This meeting also allows you to get to know us and ask us the most relevant questions to ensure you and your family are both comfortable and confident in working with us.
Once we have a solid understanding of your personal goals, the next step is to create a blueprint to reach those goals. Our wealth management blueprint considers four key areas:
Structure – Taxes can have a significant impact on the creation of wealth. While most financial advisors focus primarily on investment returns, our priority is to make sure you create a foundation that will maximize after-tax returns. Our Wealth Management Blueprint starts by creating the right structure (Operating Companies, Holding Companies, Trusts and Registered Accounts) before committing to any investment decisions.
Wealth Enhancement – We identify the goals and objectives you wish to achieve. We create a portfolio that considers your tolerance for risk, comfort with volatility, time horizon and investment objectives.
Wealth Protection – We look at protecting your family and their assets. We develop contingency plans for unexpected circumstances that may interrupt the family's income earning capabilities, ultimately protecting your Blueprint.
Wealth Transfer – We help you develop a strategy to transfer wealth based on your wishes. Through generational or charitable transfer, we ensure the proper structure (Trusts, Estates & Corporations) to maximize the transfer of wealth and minimize the estate tax.
We discuss our mutual commitment to achieving your desired goals. We talk about service standards, fee disclosure and options, and your commitment to the process.
Once a year, unless there has been a significant life event requiring an immediate review, we meet to discuss and review:
your current plan relative to last year and to agree on the path moving forward
your investments for any potential changes or opportunities, a look at past returns relative to your plans need, an ongoing understanding of all fee's and a look at any upcoming cash flow needs
your insurance to ensure you understand and are comfortable with the existing costs and coverages, review any potential shortfalls and discuss the idea of permanent plans that relate to your estate planning desires
