RESOURCES

INVESTOR EDUCATION VIDEO SERIES

This series of five-minutes videos will help explain more about the financial planning process and our investment philosophy. We also take a in-depth look at various financial topics, such as dividend investing, yield on cost and active vs. passive investing. 

FAQ: Frequently Asked Questions

What is the role of my Custodian?

Your Custodian’s primary role is to hold assets in your name, separate and apart from any other entity. This provides an added layer of security for you in that money can only flow between yourself and the Custodian. Your Custodian also provides reporting and tax documents as well as an online portal for you to view your holdings.

  • National Bank of Canada has been providing financial services to individuals, corporations and governments since 1859, making it one of Canada’s oldest financial institutions. It has consistently maintained solid financial results and a strong, steady performance, and its securities are listed on the Toronto Stock Exchange (TSX: NA). NBF Inc. is a member of, and regulated by, the Investment Industry Regulatory Organization of Canada (IIROC), the national self-regulatory organization that oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

  • Aviso Wealth (Formerly Credential) is an amalgamation of Credential, NEI Investments and QTrade. The merger was completed in March of 2018. Aviso serves nearly all Canadian Credit Unions as well as a number of Independent Financial Services offices.
How are my accounts protected?

Your assets are held separate and apart from both your Portfolio Manager and your Financial Planner, in your own name, typically at National Bank Independent Network (NBIN). NBIN is one of the leading providers of custodial services in Canada and has been operating since 1859. Your Portfolio Managers act in your best interest and are in fact legally obligated to do so – they are fiduciaries. Our unique business model, wherein your Financial Planner gets to know your goals and objectives and communicates these needs with your Portfolio Manager ensures that you are provided with customized service to meet your goals. We are independent advisors and as such, work with you and for you, without competing pressure of sales quotas, cross product sales or the like – our interests are completely aligned.

How do you safeguard my personal information?

When working with a financial professional, a great deal of personal information is requested and required. We take security seriously and utilize multiple layers of protection. We use a cloud-based, rather than physical server. All our devices (our laptops, tablets, and cell phones) can be wiped remotely if lost or stolen. We use OneDrive to securely share documents with clients instead of through email. When working remotely, we use a VPN to access our internal systems. We have also moved towards a paperless office to eliminate physical files.

What do your designations mean?

All of the advisors in our office are Certified Financial Planning Professionals (CFP®) the most widely recognized financial planning designation worldwide. When choosing an advisor, designations show your advisors’ commitment to advancing their education and ability to serve your complex needs. We also all hold the Chartered Investment Manager designation (CIM®). John Davis practices with a Trust and Estate Practitioner designation (TEP) and both Stephen MacDonald and Kelley Doerksen are in progress towards this designation. The TEP is another internationally recognized designation focused on the responsible stewardship of assets now and across generations. John also holds the Chartered Life Underwriter (CLU®), which relates to estate planning and wealth transfer.

How does Blackburn Davis Financial get paid?

We charge a fee for the wealth management services we provide. Your fee is calculated as a percentage of the assets we help manage for you. Our interests are aligned to protect and grow your assets. You are charged a percentage of your investible assets on a decreasing scale. The larger the account, the lower the fee. All fees are transparent, fully disclosed and reported in an Annual Summary of Fees. Your fee includes your comprehensive financial planning, ongoing advocacy with Portfolio Managers and our coordination with legal, tax and actuarial advisers.

How often will you communicate with me?

We will determine your meeting frequency and method to meet your needs, and someone in our office will reach out to you to schedule your reviews. Typically, our clients meet with us 2-4 times per year for a regular review. Our advisors are available for video, phone and/or in-person meetings. You will also receive ongoing communication in the form of a personalized quarterly portfolio update from your advisor. You will have online access to your accounts and receive account statements regularly from your Custodian. There is an ongoing open line of communication between yourself and your advisor as well as our administrative team to ensure all your planning needs are met.

Who is your typical client?

Our clients are those looking for advice to optimize their financial affairs. Many of our clients are self-employed business owners as we offer integrated services to bridge the gap between corporate, personal planning and estate planning. We service many types of successful professionals and have years of in-depth knowledge regarding various pensions, providing guidance when working through your pension options.

What should I bring to our first meeting?

Our first meeting will be geared towards getting to know each other. We want to understand your needs and expectations, and we will explain our process to you. If we both determine there’s a fit and would like to proceed, we’d ask that you provide us with the data we will need to create your unique financial plan.

KIDS FINANCIAL EDUCATION PROGRAM

Preparing our children for a lifetime of responsible financial management is one of the most important life skills we can provide them. We have embarked upon a Children and Young Adults Financial Education Initiative to help enhance your child or grandchild’s financial literacy and give them a solid footing for the financial decisions that lay ahead.

Kids Financial Program

FINANCIAL TERMS GLOSSARY

PLAN. COORDINATE. COMMUNICATE.