Fee Only Advice

You can call me a fee-only advisor, fee-for-service planner, advice-only planner, or a money coach – it does not matter. What does matter is that you get unbiased financial advice from someone who’s knowledgeable and trustworthy. But what exactly is fee only advice?

At Boomer & Echo financial planning, I don’t sell products or get paid commissions to refer you to someone who does. Instead I offer sound financial advice to help you get out of debt, manage your spending, and decide on big picture questions like; when can I retire, how much can I safely spend, am I invested appropriately, should I pay down my mortgage or invest, or can we afford to have one parent stay home with the kids full-time?

I am a QAFP™ professional who loves helping regular Canadians deal with regular financial problems.

While I am not licensed to sell investments or manage them for you, I can help you implement your own do-it-yourself portfolio - including screen sharing to help you open an online brokerage account, transfer your existing accounts and investments, and show you how to place a trade.

I start with the idea that investing has been solved with low cost index funds, and that investing complexity has been solved by using a single asset allocation ETF. I can also review your current portfolio and analyze the asset allocation, risk, and fees and then measure its performance against a comparable benchmark or index.

All of this means that I offer the opposite of what you get from your average advisor at a big bank. They receive commissions to sell you bank mutual funds, take mortgage vacations, and open full service accounts - not to give you sound advice on how to lower fees, pay down debt, and save to reach your short-and-long term financial goals.

I charge by the project, not by the hour. A typical financial planning engagement costs just $2,400 for individuals and $2,700 for couples. What you'll get is a full review of your financial picture through an ongoing conversation over the course of an entire year.

I'll work with you to put together and implement a financial action plan based on your identified goals. You’ll get unlimited access to me by phone call, email, or video call while you work through your plan. At the end of the year we’ll review the entire process together to ensure that you're on the right path.

My goal through this fee only advice model is to teach you how to manage your finances, so that you don’t have to rely on me going forward. If you would like to continue to work with me after the first year, you can retain my services annually for half your original fee – $1,200 for individuals, and $1,350 for couples.

I also want to empower you so that you're not intimidated by bank salespeople when it comes time to renew your mortgage or open a discount brokerage account.

I specialize in comprehensive financial planning, retirement planning, money coaching, portfolio reviews, and decision consultation.

Fill out the form below to schedule a free discovery meeting with me by phone, video call, or email.

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