Valnova Wealth's FAQ
You probably have many questions. To make it a little easier we have compiled the most common questions.
In short, we become your financial partner. You will no longer be forced to figure it out on your own. We bring clarity to your financial picture, helping you make informed decisions with confidence and stay focused on achieving your goals.
Without a doubt that managing your own finances has become easier and less expensive. However, we have found that many DIY investors miss opportunities costing far more than you could ever save. Its not because they lack ability, but because effective financial planning takes time, expertise, and resources that many individuals do not have.
Financial Planning should be performed ASAP. It is beneficial for everyone in this world, however it only truly shows its value when you start to have extra money left over at the end of the month.
Zero, Zip, Zilch! We do not sell products, one and done. We believe in making life long partnerships providing constant value. There is also no lock-in fees or transfer fees out of Valnova Wealth. If for any reason you are not completely happy, we will help you with the transactions right away. That being said, we have never had a single client leave.
Valnova Wealth is a fee-based firm. We make majority of our money from charging a fee on assets under management (AUM). We feel as though this is the most encouraging fee structure as we only make more when you make more!
We receive minimal income from insurance products. In most cases, we refer clients to insurance specialists, but when their needs are straightforward, we are happy to assist directly. Our primary focus is financial planning and investment management. We maintain our insurance licenses so we can provide comprehensive guidance, discuss coverage options, and help clients make informed decisions when insurance is part of their overall financial plan.
Currently Valnova Wealth is focusing on Alberta and Ontario residents. In the future we plan to expand across the country but right now we are keeping to those two areas as to not spread ourselves to thin.
Transffering funds could not be more simple. In the digital day and age, we just need a copy of your statement and the rest of the work is for us. We never transfer money in or out of accounts without your direct approval !
All advisors at Valnova Wealth are FP certified and therefore fiduciary.
Most advisors in Canada are "suitability standard" rather than a strict fiduciary standard.
The fiduciary standard legally requires a financial professional to always put your best interests ahead of their own. The suitability standard only requires recommendations to be appropriate for your financial goals and risk tolerance at that moment, even if higher-cost or commission-heavy products benefit the advisor
While we do not have a strict minimum investment requirement, our brokerage requires clients to have at least $100,000 in assets under management to qualify for the funds which allow us to adjust our fees to a lower level. (A class vs F class )
If you are close to the $100,000 threshold, we are happy to work with you before you reach it. However, your fees will be at the predetermined level according to the chosen fund until you cross the threshold.
Your money is as safe with us as it would be at a large Canadian bank or instruction. I do not personally touch any of your money directly. Your money is being held with IPC Wealth Inc and I simply direct where it will be invested. IPC Wealth is a branch on a very large tree which is ultimately owned Power Corporation of Canada. Power Corp has majority share in many companies you may know such as Canada Life, IG Wealth Management, Mackenzie Investments and Wealth Simple.
If you have any further questions, Please feel free to reach out to us at info@ValnovaWealth.com or add the questions to the introductory survey when you choose to work with us.
