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  • What is Aergo Financial Planning?
    You can find our information in the "why us" tab or learn more about Ben, our founder and financial planner at aergofp.ca/about
  • What are the benefits of an advice-only, fee-based model?
    We wrote a full blog post about this subject: https://www.aergofp.ca/post/the-untold-benefits-of-partnering-with-an-advice-only-financial-planner
  • How does Aergo Financial Planning ensure conflict-free advice?
    It's very simple. We only make money from the advice we provide to you. We do not place ads, provide or receive referral fees, or sell financial products. Should we receive some other form of compensation, we will donate the equivalent value to Feed Nova Scotia, our local food bank. Should we believe there is a conflict of interest in our advice, we will disclose it, in writing, and should you wish to not continue, refund any fees associated with our engagement. Read our conflict of interest policy below
  • How do you quote Hourly Financial Planning?
    We charge $250 +HST per hour. We are happy to engage on a pay as you go type plan or quote out your hourly project on a project based fee. We are in the business of financial advice not maximizing billings so we make every attempt to stay within quoted amount. Since everyone's needs are different, it is difficult to assign a price without communicating. But here are some examples so you have an idea of what we will charge: Reach out for a complimentary quote if you would like a quote specific to your situation.
  • How do you quote out a Comprehensive Financial Plan?
    Our Comprehensive Financial Planning Packages are priced based on complexity and time to complete our process. These packages are fixed prices broken into three monthly instalments over the life of the planning process. All prices are + HST. Our base price for an individual with minimal complexity is $2000. Then we add $500 Flat each for various life situations: Partner Child(ren) Additional complexities: Alternate compensation (RSUs, Stock Options, RCAs Etc.) Disability planning (either you or dependants) Alternative Investments (Private Equity, Credit, Real Estate, Mortgage Investment Corporations, Exempt Market etc.) Plus $1000 per line for additional entities and sophistication: Business Owners (Per business) Rental Properties (per 5 properties) Trust Structures (Spousal Trusts, Testamentary Trusts, Family Trusts etc.) Second Marriages US Persons for Tax purposes We realize that maybe complex but here are some examples to assist you: A married couple who both work for the government with four children would be: $2000 Base plus $500 for Partner $500 for Children $3000 total A single tech worker with stock options and a side consulting business: $2000 Base plus $500 for Alternate Compensation $1000 for the business $3500 Total A divorced physician with one child and a professional corporation: $2000 Base plus $500 for Child $1000 for their corporation $3500 Total We understand that this is expensive for many folks but we expect the value of the advice provided to exceed the costs. To bring quality advice to more people, we offer one sliding scale package and one pro bono package per month. You can find out more here:
  • What do your other packages cost?
  • What do your physician specific packages cost?
    For Medical Students, we understand that medical school comes with a large price tag, and we try to price our service to provide maximal value at minimal cost. In light of this, we have two options: A one hour live discussion at half our standard rate or $125 + HST A $20 monthly retainer have consistent access to a conflict free financial planner for the remainder of your medical school. This include a one hour session with a CFP® Professional, monthly newsletter with financial tips tailored to where you are in your medical school journey and a discounted transition to residency discussion when the time comes. A critical junction of financial planning, is transitioning to residency; you know where you are going, how much you will earn and how much debt you have. We offer a comprehensive meeting with actionable advice for $250. For Residents and Fellows, we understand you are keeping many balls in the air from studying for exams, large debt loads, long shifts and living life! To make it easy to get actionable advice, we have two options: A one hour live discussion at our standard rate or $250 + HST A $20 monthly retainer have consistent access to a conflict free financial planner for the remainder of your residency/ fellowship. This include a one hour session with a CFP® Professional, monthly newsletter with financial tips tailored to where you are in your medical school journey and a 25% discount on a transition to practice package when the time comes. For Residents and Fellows who are nearing the beginnings of independent practice, and physicians within the first 24 months of practice, we offer a transition to practice package over 18- 24 months. The total cost is $4000 + HST paid in 4 instalments or $200 per month and can begin anytime from the last 6 months of residency/ fellowship. The meeting and advice flow looks like this: Initial meeting - Get to know you and your situation including your priorities inside and outside of the hospital Cash flow meeting for the first 6 months of practice (adjusted to your cycle) including saving, tax planning, debt management. Insurance and estate meeting - revisit your insurance situation from disability to life to others as your income increases Cash flow meeting - first full calendar year of practice Incorporation meeting - recommendation around when to look at incorporation and explain the why associated with the decision. If you are already well into practice, our standard rate of $4000 + HST for a full look at your finances applies. If you are looking at one particular issue, like joining a pension plan, when to incorporate, am I saving enough etc. is quoted out individually on a case by case basis at $250 + HST per hour.
  • Privacy Policy
    Effective Date: December 1, 2023 At Aergo Financial Planning, we understand the importance of privacy and are committed to maintaining the confidentiality and security of our clients' personal and financial information. This Privacy Policy explains how we collect, use, disclose, and safeguard your information when you visit our website and use our services. Information Collection and Use 1. Planworth: We use Planworth for financial planning and analysis. When you engage our services, we collect financial data such as your income, expenses, assets, and liabilities. This information is used exclusively to provide personalized financial planning and advice. 2. Flinks: For secure financial data aggregation, we use Flinks. This allows us to access your financial data from various institutions with your consent. The data collected through Flinks is used to gain a comprehensive view of your financial situation, aiding in effective planning and advice. 3. Sidedrawer: Sidedrawer is utilized for organized document management. When you upload documents or provide personal information through Sidedrawer, we ensure that it is stored securely and used solely for the purpose of managing your financial plan and providing related services. 4. Dropbox: Dropbox is employed for secure file storage and sharing. Any personal or financial documents you share with us via Dropbox are protected with robust security measures. We use these documents to better understand your financial goals and tailor our advice accordingly. 5. 1CRM: 1CRM is our customer relationship management tool. We store contact information, service records, and communication history in 1CRM. This data helps us manage our relationship with you, ensuring that our services are aligned with your needs and preferences. Data Sharing and Disclosure We do not sell, trade, or otherwise transfer your personally identifiable information to outside parties except for the purposes of providing our services, complying with legal requirements, or protecting our rights. We may share your information with trusted third parties who assist us in operating our website, conducting our business, or serving you, so long as those parties agree to keep this information confidential. Data Security We implement a variety of security measures to maintain the safety of your personal information. Our website is scanned on a regular basis for security breaches and known vulnerabilities in order to make your visit to our site as safe as possible. Your Consent By using our site and services, you consent to our Privacy Policy. Changes to our Privacy Policy If we decide to change our privacy policy, we will update the Privacy Policy modification date above. We encourage you to periodically review this policy for the latest information on our privacy practices. Contacting Us If there are any questions regarding this privacy policy, you may contact us using the information below: info@aergofp.ca This Privacy Policy was created to help you understand how we handle your information in line with our commitment to building a trustful and transparent financial planning relationship with you.
  • Conflict of Interest Policy
    Effective Date: December 1, 2023 At Aergo Financial Planning, we are committed to upholding the highest standards of integrity and professionalism. We recognize that conflicts of interest may arise in the course of providing financial planning and advisory services. This Conflict of Interest Policy is designed to identify, manage, and, where possible, avoid conflicts of interest to ensure we act in the best interests of our clients at all times. Definition of a Conflict of Interest A conflict of interest occurs when personal or professional considerations have the potential to compromise or bias our professional judgment and objectivity. This can happen when there is a potential or actual clash between our own interests and the interests of our clients. Identification of Conflicts of Interest Potential conflicts of interest in our operations may arise with: Recommendations of financial products or services. Relationships with third-party service providers or product vendors. Personal investments or financial interests of our employees or affiliates. Compensation arrangements, including fees, commissions, or other financial incentives. Management of Conflicts of Interest Disclosure: We will provide full disclosure of any conflicts of interest to our clients, ensuring transparency in all our dealings. Avoidance: Where possible, we will avoid conflicts of interest. If avoidance is not feasible, we will manage these conflicts in the best interest of our clients. Monitoring: We will regularly monitor and review our business activities to identify new conflicts of interest. Employee Training: Our team members are trained to recognize and manage conflicts of interest, and they are required to adhere to this policy as a condition of their employment. Record Keeping: We will keep records of all identified conflicts of interest and the steps taken to manage them. Procedures for Addressing Conflicts of Interest In cases where a conflict of interest is identified, we will take the following steps: Assess and understand the nature and extent of the conflict. Consider the potential impact on our clients and our business. Determine the appropriate action to manage the conflict. Communicate with the affected clients about the conflict and how it is being managed. Document the conflict and the steps taken to manage it. Client Inquiries and Complaints Clients who have concerns or complaints about potential conflicts of interest are encouraged to contact us directly. We take all client feedback seriously and will investigate and respond to such concerns promptly and fairly. Review and Amendment This policy will be reviewed and updated regularly to reflect changes in regulations, industry standards, and our business operations. Any amendments to this policy will be communicated to our clients. Contact Information If you have any questions or concerns about this policy, please contact us at: info@aergofp.ca This Conflict of Interest Policy is integral to our commitment to providing transparent, honest, and unbiased financial advice and services to our clients. We strive to uphold these principles in all our interactions and decisions.
  • Complaints and Resolution Policy
    Effective Date: December 1, 2023 At Aergo Financial Planning, we are committed to providing high-quality financial planning services. We value our clients’ feedback, including complaints, as they help us improve our services and maintain high professional standards. This policy outlines our approach to handling complaints and ensuring effective resolution. Receiving Complaints Submission of Complaints: Clients are encouraged to submit any complaints in writing to ensure that we have a clear understanding of the concerns. Complaints can be submitted ideally via email but regular mail will suffice. Acknowledgement of Receipt: Upon receiving a complaint, we will acknowledge receipt within three business days and provide the name and contact information of the person handling the complaint. Investigation Process Review and Investigation: Each complaint will be reviewed and investigated thoroughly and impartially. We will gather all relevant information and may contact the complainant for further clarification if necessary. Timely Resolution: We aim to resolve complaints in a timely manner. The complainant will be informed of the progress of the investigation and our efforts to resolve the issue. Resolution and Follow-Up Resolution Communication: Once an investigation is complete, we will communicate our findings and any actions taken to the complainant in writing. Follow-Up: If the complainant is not satisfied with the resolution, they may request a review of the decision. We will reassess the complaint and provide a final response. External Resolution and Regulatory Bodies FP Canada’s Complaints Procedure for CFP Professionals: As a Certified Financial Planner professional, our conduct is subject to the standards and procedures set by FP Canada. If you are not satisfied with our resolution, you may refer your complaint to FP Canada. FP Canada has a formal process for handling complaints against CFP professionals, which ensures that high ethical and professional standards are upheld. Contact Information for FP Canada: Complainants wishing to escalate their complaints to FP Canada can find contact information and procedures on the FP Canada website: https://www.fpcanada.ca/complaints Record Keeping Documentation: All complaints and the steps taken to resolve them will be documented and retained as part of our commitment to transparency and continuous improvement. Policy Review Regular Reviews: This policy will be reviewed regularly to ensure it remains effective and aligned with regulatory requirements and best practices. Contact Information For submitting complaints or inquiries regarding this policy, please contact us at: complaints@aergofp.ca This Complaints and Resolution Policy reflects our dedication to addressing any concerns promptly and fairly, maintaining trust and integrity in our professional relationships. We are committed to adhering to the highest standards of service and ethical conduct in all our client interactions.
  • Data Retention Policy
    Effective Date: December 1, 2023 Aergo Financial Planning is committed to managing and protecting client information responsibly and in accordance with Canadian financial services legal obligations. This Data Retention Policy outlines our practices regarding the retention, storage, and destruction of data collected in the course of providing financial planning services. Scope and Purpose Data Collection: We collect and use personal and financial data necessary for providing financial planning and advice. This includes but is not limited to, personal identification information, financial details, and communication records. Purpose of Data Retention: Data is retained to provide ongoing financial planning advice, maintain accurate records for reporting purposes, complaints handling, and comply with legal and regulatory requirements in Canada. Legal Obligations Compliance with Canadian Law: Our data retention practices comply with applicable Canadian laws and regulations governing financial services, including the Privacy Act, Personal Information Protection and Electronic Documents Act (PIPEDA), and other relevant financial industry regulations. Retention Periods: We retain data for as long as necessary to fulfill the purposes for which it was collected, including for the duration of our client relationship and as required by Canadian law. Should we be in possession of financial records in relation to tax or financial reporting, these are retained for a minimum of seven years following the termination of the client relationship, in compliance with tax and financial reporting laws. Client relation data, including communication data is retained for a minimum of six years following the termination of a client relationship per our obligations under FP Canada's complaint proceedure. Data Security and Protection Secure Storage: All data is stored securely to protect against unauthorized access, alteration, disclosure, or destruction. We employ a variety of security measures, including encrypted storage and secure access controls. Access and Control: Access to client data is limited to authorized personnel who require the information for legitimate business or regulatory purposes. Data Destruction Secure Disposal: Upon the expiry of the retention period or when data is no longer required, it is securely disposed of or anonymized. We use secure destruction methods to ensure client confidentiality and data protection. Policy Review and Updates Regular Review: This policy will be reviewed regularly to ensure ongoing compliance with evolving legal and regulatory requirements. Any amendments will be communicated to our clients. Client Rights Access and Correction: Clients have the right to access their personal data and request corrections to any inaccuracies. Inquiries and Concerns: Clients may contact us with inquiries about our data retention practices and how their data is handled. Contact Information For more information regarding this policy, please contact Aergo Financial Planning at: info@aergofp.ca This Data Retention Policy reflects our commitment to responsible data management, ensuring the privacy and security of client information while complying with our legal obligations under Canadian law.
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