Frequently Asked Questions

Financial Planning

CFP® Professional stands for CERTIFIED FINANCIAL PLANNER™ Professional, it’s the gold standard of financial planning. Here you get a dedicated CFP® Professional that will help plan a path toward financial prosperity. All of our CFP® Professionals have a wealth of experience and knowledge and come with the highest credentials.
A CERTIFIED FINANCIAL PLANNER™ Professional helps clients achieve their financial and personal goals. Here, our CFP® Professionals are part coach, part advocate, all caring. We are in this with you. We take a holistic approach with an emphasis on your entire life – not just the financial aspects and the investments. Our goal is to collaborate with you to help write the story of the best life for you and your family.
A fiduciary is a person who holds a legal and ethical relationship of trust with clients. They are legally bound to make recommendations in the best interest of those clients. As a firm registered as a Portfolio Manager, we are always fiduciaries on behalf of our clients.
As fiduciaries, we are legally bound to give you advice that serves your best interest. We also charge flat fees instead of commissions or by AUM so no one is giving you unnecessary advice to line their own pockets. We strenuously vet our advisors to ensure our clients are working with excellent practitioners and committed fee only enthusiast.

About Nextgen Financial Planning Inc.

We are headquartered in Mississauga (Port Credit), Ontario. But our CFP® Professionals work with clients nationwide.

We are the first company in Canada to provide financial planning from a fiduciary structure as a Portfolio Manager. Portfolio Managers have been around a long time providing investment services to high net worth clients. Financial Planning is not their forte, investment management is. We believe all Canadians should have access to the best in the business for planning, taxation and security advice. WE DO NOT MANAGE ASSETS, we advise you about them. The truth is that with good financial planning, investing is much easier and secondary in importance for most families. We like to leave the easy part to robo-advisors or asset managers, preferring to concentrate on how to get them to help for less cost to you.

We do full financial planning versus managing money. We believe clients should have human beings planning their important financial lives. Understanding, common experiences and human insight create trust and make for a better informed plan. We will leave the easy part for the robo-advisors
We charge a flat fee for comprehensive financial planning, based on the services that will best suit your needs. Unlike many financial planners, we do not base our fees on assets under management (AUM) or on commissions. We believe these models can create complacency and muddy the intentions of the financial plans created. We are in the business of working for you to develop sound financial plans that are tailored to your goals and will not sell you unnecessary products to create higher commissions. Our prices range from $900 to $5220, annually or $1800 one time.

We believe you should pay for service rather than pay based on how much money you have. Why? Because assets don’t necessarily tie to how much time you might need with your advisor. Furthermore, the “pay for what you use” model breaks down some of the barriers that keep some people from financial planning in the first place. And we want everyone to be able to plan for a prosperous financial life.

It is truly quick and easy, we just need a bit of information to get started so we can set you up with one of our financial advisors. Once we figure out which one of our CFP® Professionals is the best fit for you, we will schedule an initial complimentary financial review, which is painless, non-judgmental and takes less than an hour. If you aren’t confident we can do a great job for you, you don’t owe us a dime!
No cancellation fees.

NextgenFP Client Experience

On your schedule via videoconference or telephone.

No. You will be assigned a financial planner, who will lead your services with the firm.
Absolutely. You are working during the day, or caring for your family or maybe even writing the next great American novel. We get it. Our CFP® Professionals accommodate their client’s schedule – mornings and evenings Weekends might be pushing it, but we’ll see what we can do. Also meetings can be as short or as long as our clients like.
Yes, that’s core to making sure all assets are managed properly – not just the assets we directly manage. We believe in a holistic approach to managing all of your assets.
Yes, it’s one of our core services. We are there for you for each and every individual enrollment period.

Of course. In fact, it’s another one of our core services we provide for our clients. We analyze and consult on the tax impact these option plans may create and then take a look at how they affect the rest of your portfolio to set up the best plan for you. Once again, we want to consult on all of the parts of your financial life – not just the money you’ve entrusted us to manage directly.

Yes, we can advise on assets wherever they are held.
It’s entirely up to you. You always have access and can meet whenever and however many times you want based on your planners availability. Our goal is to maximize the time we spend together. So typically, most clients talk with their CFP® Professional frequently over the first year to set up their plan and then 1 to 4 times per year after that, we will contact you for a more formal interaction. But we can’t stress enough that our door is always open and we are always available.
We believe in passive management. We want to be market participants rather than trying to beat the market by picking stocks. We are focused on minimizing fees and maximizing diversification. We are experts in ETFs.
Yes, you can! Every one of our clients meets with one of our CFP ® Professionals before signing up. We’ll work with you to understand your current financial picture, as well as your short term and long term goals, ensuring your planner relationship is set up for success from day 1.
Click here and you’re a minute away from scheduling a free, no obligation session with one of our financial advisors.

Security

Your data will always be yours.

 

We employ industry best practices to keep your data safe. We will never sell your data. When it comes to protecting you and your data, we do not believe that simply checking boxes to ensure compliance is adequate. We employ industry best practices to ensure information security is at the core of our technology and business operations, yet strive to set a new standard for bank-level security and privacy.

While never a requirement, you will be invited to enter your online financial institution credentials. We never see those credentials, nor do we store them. Your credentials are securely passed to your financial institution and we are provided with a read-only feed of balance and transaction information. We do not have access to your money nor can we make any changes to your account. If for whatever reason you want to remove our read-only access, you will be able to de-link those accounts.

 

You can learn more about account linking here.

We store data in cloud-based servers meeting the standards demanded of the medical and legal communities. All data is encrypted in-flight and at-rest to ensure only the right people view your information for the right reasons: providing you a customized plan for achieving your financial goals. If you have any questions, let us know: clientservices@nextgenFP.ca

Achieve your financial dreams

Get in touch or schedule a call to learn more about how we can work together.
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