Although we love them, it is wonderful to have your home back.
Let’s use this time to accomplish your goals!
We quarterback your financial plan by bringing together your lawyer, accountant, banking, employment benefits & pension, and insurance policies to make sure they all align within your plan.
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We reduce your work, providing up-to-date information for ongoing reviews by automating access to CRA, pension providers, and existing institutions. This lets us do more work in the background and free up your valuable time.
We’re happy to connect in the way that’s best for you. That includes meeting in-person at your home or via video conferencing software.
We do not believe in the traditional business hours model. Most of our clients work during the day which would generally put financial reviews on the back burner. At Wealth Labs, we have weekday evenings and Saturday mornings available by appointment.
Shouldn’t more things in life be this easy?
Life gets in the way, and over time different accounts are opened, old pensions from previous employers and insurance policies are somewhere in the background. At Wealth Labs, we see the organization and overview as the foundation to a solid financial footing. We bring together all aspects of your financial life and look how they interact with each other.
Budgeting is at the heart of all financial planning. It does not require a day-by-day review of your expenses, but an overall look at where your money historically goes. We look to understand your current spending to be able to help you reach and fund your goal while showing the different areas that might be reducing your budget. We also look to the future for best ways to pay down debt, financing purchases and more!
Every recommendation made at Wealth Labs is through the lens of reducing your taxation. Whether it is financial planning, investments or insurance. When we reduce your payments to the CRA, this creates more money available to complete your goals.
Just imagine taking the tax savings (even a modest amount)and reinvesting it. That benefit will continue to compound!
We look at the best strategies and investment vehicles to generate a realistic return while prioritizing your current savings. We believe investments should be for medium- and long-term time horizons using a diversified, disciplined approach - not gambling with hot stock tips.
We all believe that our lives will go as planned from point A to point B. However, some issues arise that require planning for plan C and D. Risk management includes emergency savings and insurance. We analyze what you currently have and can recommend and implement solutions to make sure you are protected if plan C and D arise.
You have entered the critical time when saving for retirement. We look at your different retirement options based on current savings, and what you are able to save in the years leading up to retirement. We factor your government benefits (CPP/OAS), increasing longevity, work pensions and personal savings to come up with a solid retirement savings plan. As the market moves up and down, we review this annually with you to verify we are on track.
Kids are expensive – plain and simple. When planning for financing education, we look to create a savings direction that maximizes government grants and market returns so your children can graduate with less financial stress and greater overall opportunities.
Many people forget to consider estate planning as a component of a complete financial plan. We are here to educate and recommend what supports should be in place to reduce both the administration and tax burdens when the time comes.
At Wealth Labs, we partner with registered portfolio managers executing proven strategies designed to maximize your investments.
As registered portfolio managers, they have access to a broad range of investment vehicles. As your fiduciaries, you can know they are always acting in your best interest.
We trust them so much; we use them to grow our personal life savings!
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We offer insurance products directly from all major insurance companies. We believe that to have the best fit, you should have access to the best products at the best price.
The products we offer include:
Whether looking at your first home purchase, refinancing, or your previous mortgage term is coming due, give us a call!
As a licensed mortgage broker with access to 60 lenders, let us find you the best products and rates specific to your situation.
Click here for details
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We learn about you. That includes not only finances, but what is important to you.
We provide different options about the direction based on your goals.
We take direction and implement your plan into action!
Regular check-ins about your needs and concerns wil ensure that your financial plan is relevant for your changing life.
We primarily conduct our financial meetings over video conferencing software for ease of our clients. If you live in Southern Ontario, we will gladly meet with you in person as well.
We are licensed to work with people within the province of Ontario. Our clients currently reach from Ottawa to Windsor.
We do not have investment minimums. We believe that everybody has to start somewhere, and we would be proud to help build your foundation.
What we look for are good people that care.
Great question! We are paid several different ways depending on the service we provide. With insurance we are paid a commission. Investments and mortgages, we are paid a referral fee. Our fees are transparently laid out in our Engagement Letter.
At Wealth Labs Inc., we have partnered with a great portfolio manager, Stewardvest of Huxton Black Ltd. All client accounts are held with Stewardvest while the money is located with a Custodian. The role of the custodian is to hold your money while Stewardvest provides the investment direction. Their Custodian is Fidelity Clearing Canada (FCC). FCC is part of the Fidelity group of companies which have combined assets under management of $2 trillion. FCC is a member of the Canadian Investor Protection Fund (CIPF), which covers each account for up to $1,000,000 against insolvency or bankruptcy of the custodian.
Investment Councils have a fiduciary standard, discretionary trading authority, higher knowledge and experience requirements, and access to a broader range of solutions. For more information please click here.
We do not have sales targets to hit, or investors to pay dividends to. We tie our success to the quality of our service and therefore promise you the best experience possible. Our technology and digital security are all handled by the same major providers that also service the larger incumbents.
We are happy to do a fee-only financial plan. Pricing varies based on complexity. Please give us a call and we will quote a fair price.
Before doing any work, we will schedule a call to get to know each other. We believe there is a significant amount of trust required when working with a financial planner. On our call, tell us what your goals and expectations are for us and we will elaborate on how we specifically can help you!
We provide a concise document that outlines your financial health (assets, liabilities, cash flow), our recommendations, and next steps.
We review your current benefits package to determine if it matches the needs of your current employee demographic. Additionally, we can get new carrier quotes for your current health benefits to make sure you have both the best price and product.
Life insurance... how does it work? What’s the difference between my coverage at work vs. mortgage insurance vs. personal insurance policies? We have all your answers with pictures included (for all you visual learners)!
We compare RESPs to Scholarship Plans. Spoiler alert, one is much better than the other!
RRSP contribution deadline is March 1st, 2021. Today we visit the exciting world of RRSPs in celebration of RRSP season.
*The following information is for informational purposes only and should not be directly applied to your financial situation without speaking to your Financial Advisor First.
Mortgages are facilitated by BRX Mortgages, FSRA 13463. All mortgage business completed by Benjamin Zavitz, Mortgage Agent Level, license M21001768, under brokerage BRX Mortgages. Wealth Labs Inc. is not associated with the mortgages. Wealth Labs Inc. is also licensed by FSRA as a Life and Accident & Sickness Corporate Agency, license number 40722M.
