Working With Us

Our Client Engagement Process

We believe that perfect planning is better than perfect financial products. Financial products help as solutions but are never perfect which is why we never lead a discussion with them. 

The solutions we recommend are just tools and optional to you. How you implement those solutions is our expertise.

How Our Investor Client Engagement Process Works

Step 1.

It's important for you to understand how we work and give you an opportunity to see if we can come alongside you to achieve your objectives. In the same way, it's important for us to see if you'd fit our philosophy and be a good match as a client. Start by booking an introductory call. Here we go over things at a high level to see if we think it's a good idea to set up a future meeting (either online or in-person).

After this meeting we send you a summary of our understanding of your objectives and pain points. In addition, we will send you a "Client Engagement Letter". This document will discuss in detail our services as well as an outline of fees based on how you engage with us.

Step 2.

In this meeting, we review our investment and planning process and applying that to your particular situation and level of engagement. We also go over any follow up questions you might have after reviewing the Client Engagement Letter as well as clarifying on points previously discussed.

Step 3.

At this point there should be a good sense, between both parties, whether or not this working relationship is worth pursuing. If you choose to move forward we set you up under our investment platform, setup the various investment accounts, agree on our fee then gather pertinent information related to such things as your investing risk tolerance

Step 4.

We initiate transfers on your behalf for the various account types you hold e.g. RRSP, TFSA. Once transfers are complete, we will work with you on the plan you have in mind e.g. investment planning or retirement income projection.

Step 5.

We then implement the chosen and agreed upon plan and manage your plan or portfolio for you, and be available to you going forward. Any investment decision or change to plan we make going forward will be done after discussion with you.

Life & Disability Insurance Engagement Process

Here are the steps required to buy disability insurance or life insurance. We can help you through each step or at the point you require quotes. Schedule a 15 minute call with us to learn a little bit more and get started!

step 1

Do You Need Life or Disability Insurance?

Determine your need for disability insurance ( to replace your income/salary if you get sick or hurt and can't work)or life insurance based on your financial and family planning situation. Consider factors like income replacement (young family), outstanding debts (estate planning), final expenses, etc.

step 2

How Much Life or Disability Insurance Do You Need?

Calculate how much insurance coverage you need. For example with life insurance base it on your income. If you make an income of $100,000 a year and have a young family, they likely need to depend on your income for 20 years. So, multiply the 20 years by the $100K to get an objective coverage of $2,000,000. Whether you buy the $2,000,000 will depend on affordability.

step 3

What Type of Life or Disability Insurance Do You Need?

Research different types of life insurance (term, whole life, universal) and optional riders to find the best policy for your needs. Do you need short-term or long-term disability insurance as this could impact the price?

step 4

Get Life or Disability Insurance Quotes

Blue Alpha Wealth is an independent broker and can help you get quotes from multiple insurers, compare costs and ratings, affordability and relevance to your specific situation. For example, if you're a doctor or dentist looking for disability insurance to protect your income and practice your best option is to go with the RBC Professional Series solution as it has the best options and contractual language applicable to you. We can help you construct the most suitable policy and get quotes for different scenarios.

step 5

Complete the Application Process with Blue Alpha Wealth

Complete the application process: medical exam, underwriting, choose beneficiaries, accept the policy, and pay premiums. It's also important to Inform your beneficiaries that you have added them and update your Will if need be. There is no cost to completing the application and this usually takes about 2-3 weeks to complete. At times the insurance company may require further information or clarification regarding your health and may come back with an exclusion based on this update.

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WHAT ARE YOU INTERESTED IN?
Disability Insurance
Life Insurance
Retirement Plan
Financial Plan
Investment Plan
General Discussion