Nicola Wealth Management is a full service financial planning firm. We believe in full disclosure concerning fees and commissions, and our goal is to provide an outstanding wealth management experience for each of our clients, with fees that are both tax effective and cost efficient.
General Fees
An initial meeting and consultation (typically 30-90 minutes) is arranged and provided at no charge Financial planning report:
This is a detailed analysis of your current position, financial goals and objectives, and our specific recommendations for achieving these goals. We do this on a fixed quote basis that is pre-approved by the client. The amount of the fee is dependent on the scope and complexity of the situation, generally between $1,500-5,000. Special projects
We assist clients in the buying and selling of professional practices, financing and debt reorganization. In each case, we quote a fee for each project that our clients pre-approve before we begin our work. Fees on Products
Investment Management: We offer a completely fee based account using the following schedule:*
1.25% on the first $1 million
1.00% on the next $1 million
0.75% on the next $2 million
0.50% on amounts over $4 million
* Minimum account size is normally $500,000; however, accounts less than $500,000 may be accepted at the portfolio manager’s discretion and will be charged an annual fee of 1.5% + GST. GIC's and Term Deposits
We contract with a variety of financial institutions offering guaranteed investment products and receive our fees from compensation built into the products. Insurance Products
We are able to access insurance markets that provide very competitive rates from financially strong providers. We are licensed corporately and receive our fees from compensation built into the products.
We strive to provide an excellent value proposition for our clients. We want fees to be transparent and cost effective while providing consolidated reporting and a high level of financial advice.