How are you paid?
We operate using two basic cost structures: fee based, which is a transparent fee based on the value of assets being managed, and commission based where advisors receive a trading revenue when clients buy or hold an investment. These fees are agreed upon between you and the advisor prior to conducting any business. Initial meetings are at no cost to you, and following these meetings, we will discuss and agree upon a fee structure that works best for you based on your goals and the services you require.
Why do I need a financial planner?
Canadians who engage in comprehensive financial planning report significantly higher levels of financial and emotional well-being than those who do no planning or limited planning as reported by the Financial Planning Standards Council. Those with comprehensive plans feel their financial goals and retirement plans are more on track; their ability to save has improved in the past five years; and they are more confident they can handle the inevitable bumps in life. Read the full report here: https://fpcanada.ca/docs/default-source/communications/value-study.pdf
How is Parsons Financial Group connected to iA Private Wealth?
Parsons Financial Group is a trade name for the activities of Katherine Parsons as an Investment Advisor with iA Private Wealth, a member of the Canadian Investor Protection Fund (CIPF) and the Investment Industry Regulatory Organization of Canada (IIROC). This relationship provides us with ready access to a complete suite of comprehensive wealth management products and services that can help deliver on all aspects of your financial needs.
What types of accounts can I open?
We support a variety of investment accounts including; cash, margin, USD, individual, joint, TFSA, RESP, RRSP, Spousal RRSP, FHSA, informal trusts, corporate, RDSP, RRIF, LRIF, and LIRA.
Is there a minimum amount of assets required to open an account?
We do not require a minimum amount of assets to open an account, we urge all kinds of investors to invest for long-term growth and value working with families. We encourage you to book an initial meeting to determine if our team and services are the right fit to help you reach your financial goals.