Frequently Asked Questions

You don’t have to know everything about financial planning – you just need to know how to ask the right questions. So ask your finance questions away. Don’t see your question below? Email Hello@LifestyleProtector.ca  and we’ll get back to you as soon as we can.

Finance Questions?

Do you charge a fee for financial planning?

Most people’s personal plans do not involve increasing the assets held by their financial advisor. Certainly, you want to see a positive return on your investments, but your actual goals have much more to do with things like enjoying your lifestyle, feeling financially secure and confident with your financial decisions. For example, you may have a goal to become debt free. While there can be pros and cons to using investment assets to pay off debt, deciding if it is the right move for you should only involve the effects on you, both financially and emotionally. However, advisors who charge only commission or fees for assets held have a conflict if you want to remove assets to pay off debt. Conflicts also arise when your investment advisor is with a large lending institution where your mortgage is held. These advisors have no interest in helping you become debt free by liquidating assets when their employer holds your mortgage. Your financial plan should involve all aspects of your financial life – cash flow, debt, saving, investing and risk. By charging a one-time fee to put your comprehensive financial lifestyle plan in place you know that all aspects of your plan will be considered and the recommendations will truly be in your best interest.

Do you have a minimum investment amount?

We have no minimum investment amount. Someone in their 30’s, 40’s or 50’s with a reasonably high income could greatly benefit from financial advice and has the ability to pay for it. We don’t turn people away simply because they have few assets to manage. Many even have assets in a home or an investment property, but would be turned away from an advisor with a minimum asset requirement because the advisor cannot manage those assets. We believe that anyone who has a need for financial planning and is willing to pay for professional advice should have access to a high-quality, fiduciary advisor, regardless of how many assets they have.

How do I get started with you?

We encourage you to come in for a free consultation if you’re ready to get started. Contact us today to set it up.

How does the process work?

Feel free to read about our Flourish Financially System on our How we Help page. If you’re looking for more information on your particular situation, it’s best to set up a free consultation by contacting us. We look forward to talking with you.

I feel very disorganized in my finances. What do I do?

We understand – it’s a common problem. Many people feel as you do, with financial advice coming from banks, investments brokers and none of it connected. We can help. Sounds as though it’s time to engage in some planning to see where you are now and where you want to go. Read about How We Help or contact us today to get started.

I have an idea, how do I give you feedback?

We’ll take it! Send your feedback, comments, questions, and ideas to Feedback@LifestyleProtector.ca. As a learning initiative, we thrive on your feedback – it helps us get better.

I know nothing about financial planning, investments or insurance. Can you still help me?

That’s not a problem. It’s what we’re here for. It is never too late to get started planning for your financial future, and we’re happy you’ve come to us to start the journey. Let’s talk – contact us today.

It’s a big decision to share financial information. Can we speak to other clients before we get started to learn about their experience?

There are several client testimonials and client success stories on our website for you to read. However, we understand the importance of trust. Clients often ask to speak to other clients, and we are happy to put you in touch with them to help you feel comfortable.

Once we get started, how long will it be before we receive your comprehensive plan?

We’ll have a lot of questions to start with, and it may take a bit of time to pull together all the answers. However, once we have all the data, it should take two to three weeks for us to prepare our preliminary recommendations for you. We are flexible and always ready to listen to your comments. We often adjust plans several times until you are 100% satisfied.

Some financial planners have told us we have to have a minimum amount before they will work with us. Is that true for you?

With The Lifestyle Protector, you choose how you want to work with us. The choices can be thought of as either a single purchase, or an ongoing subscription. And when you’re ready, give us a call to set up a time to meet – your first meeting with us is absolutely free, with no ongoing obligation to use our services. We love speaking with people and finding out how we can help you get the results you’re looking for.

What can I expect in the first meeting?

The first meeting is a chance for us to get to know each other a bit, understand what’s important to you about getting help with your financial planning, discuss your current financial picture and what goals and aspirations you might have, and what type of advice and assistance you’re looking for. This will determine if we are a fit and if The Lifestyle Protector can help. If you decide to sign up with The Lifestyle Protector, we will review fees, next steps and come away with an action plan for our journey together.

Why do you charge a fee for financial planning?

Most people’s goals do not involve increasing the assets held by their financial advisor. Certainly, you want to see a positive return on your investments, but your actual goals have much more to do with things like enjoying your lifestyle, feeling financially secure and confident with your financial decisions. For example, you may have a goal to become debt free. While there can be pros and cons to using investment assets to pay off debt, deciding if it is the right move for you should only involve the effects on you, both financially and emotionally. However, advisors who charge only commission or fees for assets held have a conflict if you want to remove assets to pay off debt. Conflicts also arise when your investment advisor is with a large lending institution where your mortgage is held. These advisors have no interest in helping you become debt free by liquidating assets when their employer holds your mortgage. Your financial plan should involve all aspects of your financial life – cash flow, debt, saving, investing and risk. By charging a one-time fee to put your comprehensive financial lifestyle plan in place you know that all aspects of your plan will be considered and the recommendations will truly be in your best interest.