Fee-based financial planning for physicians
Get advice without having to buy a product.
Whether a full financial plan or a portfolio analysis, you can get customized advice detached from buying a product.
What you’ll gain by getting a financial plan
Clarity
You’ll have a clear view of your options and where they will take you
Confidence
You’ll be confident you are doing the right thing with your money and optimizing your different accounts.
Peace of Mind
You’ll have peace of mind that the steps you are taking will ultimately get you to your goal.
What's included in a financial plan
3 strategy meetings with a CFP
Discovery meeting
Get clear on what’s most important to you.
Data review meeting
We collect your data and confirm key facts.
Findings presentation
We map out what steps you need to take to be on track to hit your goal.
Written financial plan
You can implement yourself, with another advisor, or with us.
The written plan includes the following:
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Investment Management Strategy
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Retirement Planning Strategy
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Education Savings Strategy
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Contingency Planning
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Estate Commentary
What's included in a portfolio analysis
In this analysis you get feedback on your portfolio in the following areas.
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Is it tax efficient?
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Are you getting the rate of return you deserve?
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How does your portfolio stack up against comparable benchmarks?
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Are you making the most of the different accounts available?
Oftentimes when I meet people it’s like a puzzle.
Many of the pieces are there, but they aren’t put together in a way that makes sense.
I also liken it to the kitchen junk drawer where things have been thrown in over time because they made sense at the time, but there is no rhyme or reason why it’s all mixed in together.
Frequently Asked Questions
Here are a few answers to the most common questions I get asked
Who do you work with?
I work with doctors across Canada who...
• Want a long term relationship with an advisor
• Want someone on their team who knows how to problem solve and make complex ideas simple
• Want to work with someone they can trust
• Want to work with someone who understands the reality of doctor finances from the inside
• Want to work with someone who cares deeply about their financial success
• Want individualized corporate planning
What do you cover on the first call?
• What’s important to you and what worries you the most about finances?
• What do you expect from a financial planner?
• What do you want to accomplish by working together?
• What caused you to reach out to me?
• We'll discuss next steps for working together.
How do you get paid?
1. Fee-Based Planning: You pay me to create a plan. The price is agreed upon before I start the plan and depends on the complexity of the plan.
2. Ongoing Management: You hire me to manage your investments. The fee is agreed upon before we work together.
3. Commission: If you implement insurance as part of your plan with me as the advisor, I get compensated by the companies that provide the insurance.
What is your process?
First I get a very clear picture of what you would like to accomplish and what you are afraid of getting in the way. Then I meet with my team and map out the most efficient way to get there.
If you have a corporation, I do a deep dive on how to maximize it to get the results you want. There are three key places I help my clients save taxes with a corporation
Why do you work with doctors?
Because you probably didn’t become a doctor so you could be an expert in financial planning. I love the idea of freeing you up to focus on your practice and health, and not lose sleep over your finances.
Because I love my dad and watched him struggle for so long around advice. Now I take what I’ve learned about financial planning for doctors and help people just like him.
Do you have my best interests in mind?
Yes. You can speak to the clients I have had for years and they will attest to the fact that I care about my clients and put them first.
I am also a member of Advocis, the Financial Advisors Association of Canada. The first principle of the code of ethics states: “An Advocis Member shall act in a client’s best interests.”
I am also a Certified Financial Planner. The first Principle of the code of ethics is: “Client First, A CFP professional shall always place the client’s interests first.”
Where do you meet with clients?
If you live near beautiful Belleville, ON, we can meet here. If not, I meet with clients all over Canada via video call. I have clients across the country as far west as Victoria, BC and as far east as Halifax, NS, and many cities in between.
Testimonials
Here is what clients are saying about working with me
Galen has in-depth knowledge of corporate planning and helps us utilize tax-efficient strategies to get us to our goals faster. I can trust Galen to provide me with advice that will serve my family and our goals and be informed of changes and the best way to adapt to them.
Dr. Sina Sajed
MD
I'm currently located in Vancouver, BC, and Galen is Ontario based. This was a non-issue and working together online turned out to be greatly to our advantage... He has taken the time to educate me and spend the time needed to ensure I am making good decisions. This was AFTER he first invested in me and what I am about.
Jennifer Pereira
Business Coach
Galen has spent several hours teaching me about the financial world... He is great at explaining things and is great at creating visuals for visual learners. He has helped me think about my future financial goals and make realistic action plans to achieve them.
Erfan Vafaie
Entomologist
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