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Products & Services
Wealth Management
Investment
Life Insurance
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Business Life and Living Benefits
Wealth Management Services
- GIC/RRSP Rates
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- Retirement & Estate Planning
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Security for your portfolio. Peace of mind for you. Guaranteed Interest Contracts (GICs) provide you with key benefits you're looking for:
A solid foundation for your investment portfolio - reducing overall portfolio risk and providing you with more consistent returns.
A positive rate of return - guaranteeing that at least part of your portfolio is continually growing.
Peace of mind - you'll rest easy knowing that your principal is safe and secure. A broad range of investment choices available.
Click here to view the Scriven's GIC rates table.
What is a Mutual Fund?
A mutual fund is a group of stocks, bonds and other investments that are owned by a large number of investors and managed by a professional investment company. The money you contribute to a mutual fund buys you shares, or units, of that fund. A common investment objective (eg. long-term growth) and an agreement of the way it can be achieved (eg. by investing in large Canadian companies) are what draw investors to a particular fund.
In Canada, investors should read the prospectus before they purchase any mutual fund. This document provides the fund's investment objective, the investment style of the manager and the types of investments in which the fund will participate. Your trusted advisor can help you determine if a fund is a good fit with your financial goals.
What Mutual Funds Invest In: There are primarily three different types of investments for mutual funds: cash (usually in the form of Treasury bills), bonds (usually very secure government or corporate bonds) and equities (shares in Canadian or international corporations). Your mutual fund will invest in one of these asset classes or a combination.
How Mutual Funds Work: When you invest in a mutual fund, you purchase a certain number of units of the fund. A professional money manager takes the entire pool of money from all of the fund's investors and invests it in a carefully selected range of investments. The manager buys and sells those investments to maximize returns for the investors -- within the investment guidelines outlined in the prospectus.
The fund's value -- and the value of your units -- can go up or down from day to day. Some funds will fluctuate more than others and you will want to consider this factor when you choose a fund. A fund which experiences significant ups and downs in its value is probably not an ideal choice if you are saving for a short-term goal, for example. The cost of a fund's units is updated daily, based on the fund's performance.
Many factors influence how your mutual fund performs, including the value of the underlying investments, changes in interest rates and other economic trends -- even the buy/sell process.
When you purchase units in a mutual fund, you agree to pay certain fees and expenses, usually deducted directly from your investment. Be sure you understand these fees, as well as how to both buy and sell your units. There are many choices you can make when it comes to savings and investment products. Representing some of the most prestigious Insurance Companies and financial institutions in North America, our dedicated staff have more than 100 years of combined experience and will be happy to help you whatever your needs.
Through FundEX Investments Inc. we represent some of Canada's largest mutual fund companies. With over 3,000 Mutual funds to choose from, we offer a diverse range of income, growth, and hedge funds.
Contact us and let us help you make the right choice for all your investment needs.
Segregated Funds
Segregated funds are similar to mutual funds. Both offer investors an opportunity to 'grow' their investment capital (the money they invest), and provide access to professional fund management. Usually, both allow investors to diversify with different fund managers and fund types.
Segregated funds offer many of the same investment opportunities and mandates provided by mutual funds but have one important difference -- segregated funds are insurance contracts known as individual variable annuities and are, therefore, governed by the Insurance Act.
Features of Segregated Funds:
Death Benefit Guarantee and Maturity Guarantee. Guarantees that are common to every segregated fund contract include a death benefit guarantee and a maturity guarantee.
The death benefit guarantee protects a specific percentage of the value of an investment upon the death of the contract annuitant.
The maturity guarantee protects a percentage of the value of an investment at the end of a specified term (typically 10 years).
The Ability to Bypass Probate
In the event of death of the annuitant, the proceeds of an insurance contract pass directly to a named beneficiary without going through probate. The benefit is that the asset avoids probate and estate administration fees. Furthermore, the beneficiary will also receive the proceeds without extended delays -- a considerable benefit during a time of need.
Invest in your child's future.
An effective way to save for your child's post-secondary education is with a Registered Education Savings Plan (RESP).
Education costs vary considerably, depending on where your child goes to school and whether he or she continues to live at home. But no matter what you and your child decide, a post-secondary education can be expensive. To manage these costs successfully, you need an effective, flexible savings plan. Please give us a call, and we will be happy to help you.
Registered Disability Savings Plan (RDSP) is a new plan that will allow funds to be invested tax-free until withdrawal. It is intended for the long-term financial security of a child with a disability.
Contributions to an RDSP will be eligible for the new Canada Disability Savings Grant.
The government will contribute, in the form of Canada Disability Savings Grants, funds equivalent to 100% to 300% of RDSP contributions, up to a maximum of $3,500. depending on the net income of the beneficiary's family. The government will also contribute up to $1,000 annually in Canada Disability Savings Bonds depending on the net income of the beneficiary's family.
A Registered Retirement Income Fund (RRIF) is an arrangement between a carrier (an insurance company, a trust company or a bank) and an annuitant under which payments are made to the annuitant of no less than a calculated minimum amount each year. The property under a fund is derived only as a result of a transfer of funds from another RRIF, an RRSP or a registered pension plan and annual amounts must commence no later that the year after the plan is set up. Property and earnings in a RRIF are tax-exempt and amounts paid out of a RRIF are taxable on receipt. For further information please contact one of our advisors at 613-236-9101.
Making the most of your RRSP opportunity
Allowing your money to grow on a tax-deferred basis, an RRSP is a great way to help save for your future. In addition you also get to take an immediate tax reduction at the same time.
If you want to take full advantage of an RRSP, there are a few things you need to know. Contact us and find out more about RRSP's
Tax-Free Savings Account (TFSA) A flexible, registered account that allows anyone over 18 years of age to contribution up to $5,000 per year, beginning January 2009. (does not permit an income tax deduction for the contribution, and does not subject the income and capital gains earned in the account to income tax).
Unused contribution room will be carried forward to future years. The $5,000 limit will be indexed to inflation and the annual additions to contribution room will be rounded to the nearest $500.
Any amounts withdrawn from an individual’s TFSA in a year will be added to the individual’s contribution room for the following year.
Mortgage Life Insurance, also known as mortgage protection insurance, is an excellent way to protect your family and your home in the event of your untimely passing.
Unlike Private Mortgage Insurance, or PMI (which protects your lender), mortgage life insurance provides a death benefit that can be used by your beneficiaries to pay off the remaining balance of your mortgage.
In most instances, people buying mortgage life insurance get a regular term life insurance policy. However, you could also try a return or premium policy (that refunds all premiums paid at the end of the term) or a universal life insurance policy that accumulates cash value (which could allow you to pay off your mortgage 10 to 15 years early).
Either way, the policy you choose can be used solely as mortgage payoff insurance - to pay off your mortgage - or it can be coupled with other needs to provide fuller financial protection for your loved ones.
Our financial service professionals would suggest that you look at your entire financial situation and then buy a life insurance policy that will cover all your needs, including your mortgage protection plans. Call us at 613-236-9101.
Term insurance is designed to provide your family with insurance protection for a specific period of time. If the insured person dies within that time period, his or her beneficiaries will receive a tax-free insurance benefit.
For many young people or families just starting out, term life insurance is a logical choice. Initially, term insurance costs less than permanent insurance. The younger you are, the less it costs.
Universal life insurance combines permanent life insurance protection with flexible investment options, customized to your financial needs. Depending on the universal life insurance product you've chosen, you may have a number of investment options that can allow for tax sheltered growth of your money.
We will help make sure your investment option meets your financial goals and that you are comfortable with the degree of risk. At the same time, you have peace of mind knowing that your family's future is protected by insurance.
Permanent or Whole life insurance is designed to provide insurance protection for the entire lifetime of the insured person. Many people appreciate this kind of security. If the insured person dies, his or her beneficiaries will receive the tax-free insurance benefit.
Permanent life insurance is initially more costly than term life insurance. However, in the long run, it is often the more cost-effective decision. We can help determine the amount of insurance you need. It is important to consider your family's income needs, as well as the amount of premium you can afford to pay.
Critical Illness insurance provides a lump sum payment when you have survived the diagnosis of the covered critical condition (such as life threatening cancer) by a specified period. The funds paid can be used in any way you see fit - to obtain treatment not covered by medicare, pay down debt, renovate a house, or whatever other use which will reduce the stresses caused by a critical condition. Such coverage can help protect the assets you have built up for other purposes (such as your retirement plan) from early depletion.
Disability Insurance is insurance to replace earned income in the event that the insured person is unable, due to sickness or accident, to pursue a livelihood. The loss of employment income could have a catastrophic effect on a well constructed financial plan. We can work with you to structure the most cost effective coverage to address this risk.
Individual Health Insurance Individual and family health insurance is a type of health insurance coverage that is made available to individuals and families, rather than to employer groups or organizations. Given the option, most people would prefer to have their employer provide group health insurance coverage. But, if this is not an option for you, it is still important for you to seek coverage. You may be pleasantly surprised with the variety and affordability of the individual and family health insurance options available. Contact us to discuss your options.
Long term care insurance is coverage which helps pay for care if an insured person becomes functionally dependent, due to a loss of two or more Activities of Daily Living or a cognitive impairment. The product is primarily designed for pre-retirees and active retirees who want to ensure they won't be a burden on their families. Let us show you how long term care coverage can fit in to your retirement planning.
Business Life and Living Benefits Business Owners and Key Executives Business Solutions
With over 75 years of history in protecting second and third generations of clients and our innovative TEAM approach to developing financial solutions, we are proud of our reputation as the leader in customer satisfaction in the "Nations Capital", Ottawa, Ontario.
“If I die, you buy. If you die, I buy.” Buy-sell insurance is one of the best ways to assure the continuation of your business in the event of a partner's death. Many businesses get buy-sell insurance as a form of business protection or business insurance. This buy-sell business insurance is generally accompanied by a buy-sell agreement that requires any surviving partner(s) to purchase the remainder of the business in the event of a partner's death. The purchase is funded by the death benefit of the buy-sell insurance policy. For further information please contact one of our advisors at 613-236-9101.
Group Life, Health, Disability and Dental Group Insurance is a single policy under which individuals in a group - for example, employees - and their dependents are covered.
We know each business is unique; one size does not fit all. We adapt our products and services to our clients' reality.
With a wide range of benefits and plan types, we can help you develop the right group insurance package to suit the needs of both the employer and employees.
Call us at 613-236-9101 to develop your Group Insurance Package.
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