Blue Alpha Wealth
About Us
Blue Alpha Wealth is a financial planner working with clients of all walks of life as well as providing business solutions in the from of group insurance. We are independent brokers focused on helping you organize what you are currently doing with your finances. We will never undo any good work you have done up to this point.
We help you identify gaps and vulnerabilities in your planning and allow you to focus on your most urgent financial need today and implement other areas along the way. Rather than focus on products we focus on solutions because we don't believe in perfect products but perfect planning. Let's get started with your planning for your most urgent financial need today.
FAQ - You Have Questions, We Have Answers
Give us a quick phone call; send us an email or you can schedule a call on our calendar. This will help to determine a fit and to understand what your situation is and where you stand. Alternatively, you can complete the form below and we will get back to you as soon as possible.
Retirement Planning
- How much of a nest-egg do I need to retire by a certain age?
- How much do I need to put aside for guaranteed lifetime income?
- How much can I afford to spend in retirement?
Investment Management
- What types of investment accounts should I have?
- How do I know if my portfolio is doing what it should be doing?
- What types of accounts should I have to reduce my taxes?
- How do I invest as a business owner?
Disability and Critical Illness Insurance
- How do I use disability and critical illness insurance to protect my retirement?
- What type of disability insurance should I buy?
- Do I need disability insurance?
Our main role at Blue Alpha Wealth is investment planning and management. However, this is not in a silo as we help you apply managing your investments to fund particular goals and plans you have for the future. We help you create a one-page financial and investment plan and manage it on your behalf. It's a long term relationship and for individual investors who want to delegate this responsibility as well as working together in partnership. If you have for example an RRSP, TFSA or any other type of investment services you need guidance with, that is what we mostly do.
No, our initial conversation is more introductory and an opportunity for you to know what working with us looks like and who we help. You never pay us directly for any solutions we recommend and implement. The financial institutions you choose to help with your financial plan are the ones who compensate us as brokers.
Carter Njovana
You'll find I'm a good listener and willing to accommodate your situation to give you a better handle on your financial planning goals and investment accounts. Blue Alpha Wealth doesn't believe in account minimums or defining people by how much they have accumulated. Rather, we look to match our expertise with your situation and by having an initial phone call of understanding can then determine if a long term partnership makes sense. Read here to learn about typical clients we help and to see if you might be a good fit. Blue Alpha Wealth works with different types of investment solutions to help implement your plan based on what your goals are.
I consider myself to be open-minded and willing to learn about people and various topics to expand my interests. Having grown up in Zimbabwe, Australia and Canada has allowed me to experience people and situations that have helped shape who I am today and growth as a person. I love competitive sports particularly rugby and tennis. I fell in love with motor racing at the tender age of 5 after watching my first Rally motor racing race taking place in the bush of Zimbabwe, then discovered MotoGP and Formula 1 soon after that. Anything to do with airplanes and speed such as fighter jets is a passion of mine. Otherwise, as I like to say, get to know me, to know me is to love me :).
Interesting facts:
Favourite Films: Shaka Zulu Mini Series and Top Gun
Favourite sport to play: Rugby and Tennis
Favourite book: "Call Me Ted" by Ted Turner
Favourite animal: Leopard
Best life philosophy: “Progress over perfection"
Favourite Ice Cream: Mint Chocolate Chip
Favorite life hack: Listening to audiobooks while working out
Yes. We have found that clients have begun to prefer this as it saves a lot of time besides keeping them safe during the pandemic protocols. The nice thing is we have secure encrypted platforms and tools such as DocuSign and no need for printing or scanning in most cases.
No. We don't believe in account minimums as they unfortunately exclude many individuals from receiving quality advice. This is part of the reason why Carter left TD Wealth Private Investment Advice to be independent as the policy was for clients to have at least $500,000 accumulated in their investment accounts to be able to engage an advisor. Below $500,000 clients were directed to working with someone at the local bank branch. There is nothing wrong with the bank branch - they just lack the tools and options that you would get working with a professional financial advisor. Carter's approach is a focus on a conversation first to understand where you want to be financially and whether he can help you get there effectively.
About Carter.
I help our clients build their portfolios and manage their investments in a way that helps them meet their financial planning goals. I also specialize in disability insurance to help protect your income which is the basis for funding your retirement and other goals. I began my career in 2007 with BMO Financial Group executing stock, bond, forex and options trades to help self-directed clients navigate through the global financial crisis. This was a great platform to help transition to working one on one independently with clients at Edward Jones Investments, TD Wealth and now Blue Alpha Wealth.
Interested in getting to know me better?
Client Engagement Process
advice is only as good as the person you ask!
Fee-Based Financial Advisor Toronto FAQs
It starts with having a conversation. A financial advisor is only as good as the satisfaction you get in them helping you achieve your goals and your belief that they can. By having a conversation you can determine if your personalities are suited and if you can work with them long term. Get in touch with us and we'll answer your questions.
A financial advisor is a broad term reflecting an individuals ability to help you with money management, insurance or general advice. A financial advisor can also be a financial planner. A financial planner helps you put your financial situation together and plan for specific goals like retirement, kids education and debt reduction.
The cost of advice can vary from one financial consultant to another. You could pay for consultation such as when you request a detailed financial plan. Or you could pay a fee based on the value of the investments that a financial advisor manages for you. BlueAlpha Wealth is a fee-based financial advisor meaning you don't pay us commissions but a fee based on our performance of your investments. In addition, if you require a financial plan we have different amounts depending on your need and complexity.
With the information age and the vast amount of information available to consumers, many are and do manage their own investments and financial planning. It's easier now to buy investments online without speaking to a financial advisor. There are some drawbacks and limitations, however, to DIY. Knowing when to buy a stock is easier than knowing when to sell. You also may not have the time and focus required to manage your affairs as your life gets more complicated. If you want to buy life insurance, you have to go through an advisor to be able to find you the best company and coverage. So it's a trade-off that one has to decide for themselves.
Most of what a financial advisor does is help you organize what you're currently doing as well as pointing out gaps and vulnerabilities to your financial situation. At BlueAlpha Wealth we will never undo any good work you've done up to this point. Our focus is to help you manage and plan so that you fulfill your goals. Whether it's investing smartly or mapping out a plan that takes into account your whole financial situation, we meet you where you are. We may also point out different strategies like alternative strategies and investing than you might be used to at your local bank.
Our main role at Blue Alpha Wealth is investment planning and management. However, this is not in a silo as we help you apply managing your investments to fund particular goals and plans you have for the future. We help you create a one-page financial and investment plan and manage it on your behalf. It's a long term relationship and for individual investors who want to delegate this responsibility as well as working together in partnership. If you have for example an RRSP, TFSA or any other type of investment services you need guidance with, that is what we mostly do.
No, our initial conversation is more introductory and an opportunity for you to know what working with us looks like and who we help. You never pay us directly for any solutions we recommend and implement.
Complete our form to give us an idea about what private wealth management services you're curious about.
OR
Call Us or Schedule a 15min call to see if we're a good fit.
Curious About Getting Started?
Blue Alpha Wealth
Where is your money invested? Cash, fixed income, equities, Canada? Do you have a specific investment plan you understand? Do you feel it can be adjusted to better align with your goals? Are you paying attention to the amount of risk you're taking based on your time horizon and investment goals? We'll give you an objective view of what you are currently doing and briefly tell you our philosophy and how it can benefit you
How long can you go without your income or paycheque? How will it affect your lifestyle and your ability to plan for the future, let alone invest? Disability income insurance is insurance for your ability to earn an income in the event you can't work if you're sick or get injured. Get disability insurance for your specific occupation and the type of activities you perform in that occupation.
Why are you investing and why do you feel professional advice can help you? Have you attached specific goals to your money and how important is it that you reach these goals? This helps us understand what you're planning for and what steps best suit your situation and risk profile.
Are you curious about the fees you're paying or perhaps more aware given the media attention? Do you like the idea of portfolio management from experienced money managers that gives you access to different types of investment options typically used by institutions and pension funds? We can help you with this and show you the benefit of discretionary portfolio management.
Have you made yourself prepare for the fact that your retirement could last 20 to 30 years after you receive your last paycheque? It probably hard to consider that if retirement is a few years away but if its 5 to 10 years away it may be top of mind. Either way, the best way to secure a worry-free retirement is to set yourself up with some form of lifetime guaranteed income to cover your basic fixed expenses in retirement. This makes or breaks your retirement as worry about outliving your savings is the number one anxiety people have once they retire. We can project for you when you are likely to achieve financial independence given your savings and spending, and we adjust to get you to that retirement number only you know will remove anxiety.
Accumulation of your nest-egg and investing are usually the fun and easy part when it comes to building portfolios and attaching those to a particular financial goal. However, taxes, if ignored, can easily derail your plans or at least erode away at the progress you make if not planned properly. We maximize opportunities and tax savings tools by looking for ways to optimize your financial plan to minimize income taxes.
We offer group retirement plans with a capped management fee allowing more of your employees money to stay invested while investing in one of the worlds largest asset managers. It also allows administrators to manage the plan digitally and with less paperwork and hassle. This fully digital platform is 100% free for employers, and it means no more paper work, a simplified on boarding process, and access to professional financial advice from Blue Alpha Wealth.
navigation
Advice is only as good as the person you ask...
locations
Toronto Office
Richmond Hill
Contact
Blue Alpha Wealth is an independent financial advisor in Toronto helping individual clients protect and manage their income & wealth with financial planning and investment management.
Copyright 2023 Blue Alpha Wealth Inc., all rights reserved. Website design by Farai (Fubu)