Welcome to the Innova Family

Big City Expertise, Small Town Service
300
in Managed Assets
400
Households Served
99
Retention Rate
Welcome to Innova Wealth Partners

We provide our clients with financial peace of mind through strong relationships, specialized products, and comprehensive planning with an emphasis on financial education

"Build. Protect. Prosper."

OUR SERVICES

INVESTMENTS

Investment Management. Innova Wealth Partners is licensed to work with a wide range of products, including stocks, ETFs, mutual funds, bonds, and insurance products.

Cash Flow Analysis. Successful financial planning begins with a budget and cash flow analysis to identify inefficiencies in your current profile.

Mortgages & Lending. Interest payments may be the number one expense for many households. Through established referral agreements, we can help you secure a competitive rate.

INSURANCE

Insurance. We offer a wide range of products from all major insurance agencies in the country.

Group Plans. From Company Pension Plans to Health Benefit Plans, we can help you customize the plan that is best for your organization.

PLANNING

Retirement Planning. We identify the rate of return needed to meet your retirement goals. With an exhaustive risk assessment, a retirement plan becomes the foundation of your investment strategy.

Tax Planning. Our tax strategy focuses on generating, maximizing, and recycling tax credits each year to boost your financial potential.

Estate Planning. Estate planning is an important step in ensuring that your wealth is preserved and disbursed according to your wishes, as efficiently as possible.

INVESTMENTS

Investment Management. Innova Wealth Partners is licensed to work with a wide range of products, including stocks, ETFs, mutual funds, bonds, and insurance products.
Cash Flow Analysis. Successful financial planning begins with a budget and cash flow analysis to identify inefficiencies in your current profile.
Mortgages & Lending. Interest payments may be the number one expense for many households. Through established referral agreements, we can help you secure a competitive rate.

INSURANCE

Insurance. We offer a wide range of products from all major insurance agencies in the country.
Group Plans. From Company Pension Plans to Health Benefit Plans, we can help you customize the plan that is best for your organization.

PLANNING

Retirement Planning. We identify the rate of return needed to meet your retirement goals. With an exhaustive risk assessment, a retirement plan becomes the foundation of your investment strategy.
Tax Planning. Our tax strategy focuses on generating, maximizing, and recycling tax credits each year to boost your financial potential.
Estate Planning. Estate planning is an important step in ensuring that your wealth is preserved and disbursed according to your wishes, as efficiently as possible.

Investment advisory services are offered through Innova Wealth Management, a trade name of Aligned Capital Partners Inc.

Our Wealthcare Process

We start with a comprehensive 360º financial health check-up. Based on your results, we apply our unique Wealthcare financial planning approach to help you achieve your goals.
Your Financial Life Cycle involves all stages of your life and is as unique to you as your fingerprint, so it’s important to work with an advisor who understands you and can ensure that your finances are managed with your particular needs in mind.

UNDERSTAND YOUR NEEDS & GOALS

We take a holistic approach combined with industry-leading tools to address the entirety of your financial picture, allowing us to provide well-rounded recommendations and solutions designed specifically for you.

GATHER INFORMATION & ANALYZE DATA

Innova Advisors create a plan with you. Our goal is to ensure that you understand your options and feel empowered to make the decisions that are right for you.

BUILD YOUR FINANCIAL PLAN

Your Financial Life Cycle involves all stages of your life and is as unique to you as your fingerprint, so it’s important to work with an advisor who understands you and can ensure that your finances are managed with your particular needs in mind.

UNDERSTAND YOUR NEEDS & GOALS

We take a holistic approach combined with industry-leading tools to address the entirety of your financial picture, allowing us to provide well-rounded recommendations and solutions designed specifically for you.

GATHER INFORMATION & ANALYZE DATA

Innova Advisors create a plan with you. Our goal is to ensure that you understand your options and feel empowered to make the decisions that are right for you.

BUILD YOUR FINANCIAL PLAN

In addition to the wealth management advice we provide, we work with a dedicated team of professional service providers. We tap into this pool as needed, to help you navigate even the most complex financial developments and implement the strategies outlined in your comprehensive plans.

IMPLEMENT FINANCIAL PLAN & STRATEGIES

Like a good family doctor, we get to know our clients intimately and understand their individual needs. We work with you to customize and tailor solutions that meet your goals.

DISCUSS & SUGGEST RECOMMENDATIONS

Like a good family doctor, we get to know our clients intimately and understand their individual needs. We work with you to customize and tailor solutions that meet your goals.

DISCUSS & SUGGEST RECOMMENDATIONS

In addition to the wealth management advice we provide, we work with a dedicated team of professional service providers. We tap into this pool as needed, to help you navigate even the most complex financial developments and implement the strategies outlined in your comprehensive plans.

IMPLEMENT FINANCIAL PLAN & STRATEGIES

Have some questions?

FAQs

Are there any investment minimums?

In an attempt to ensure that every client receives exceptional customer service, we limit the number of clients per advisor to less than 1/3 of the industry’s average. To ensure competitive compensation, this has led to a minimum household investment sizes, depending on the investment advisor. 

Generally, Innova Wealth Advisors open specialized investment accounts starting at $100,000+.

Households adding significant savings to their investments can be accommodated at a reduced minimum, depending on the advisor.

How is my advisor paid?

Our business model puts your interests first! Our compensation structure is built on fee-for-service instead of commissions, which means that if your money grows, so does our compensation. Conversely, if your money decreases, then so too does our compensation. By aligning our interests together, we optimize the potential of our partnership for all parties.

Built on the principles of transparency, a monthly or quarterly fee representing a percentage of your total investments under management is deducted from your investment accounts, a portion of which is directed to your advisor.

Insurance, Mortgage, Tax, Bookkeeping or Financial advisory services may result in commissions or direct fees. These are always discussed ahead of time so that you are aware of any and all forms of compensation your advisor may receive.

What are the investment management fees?

In the interest of transparency, we are happy to provide a complete breakdown of any costs you may incur for investments at Innova. For most clients who have investments with us, the all-in fee that they pay ranges from 0.6% to 1.6% of their investable assets, after-tax, depending on their product mix and level of assets.

Investment management fee
 Investments below $250,000 1.25% + HST 
 Investments between $250,000 and $999,999  1.00% + HST
 Investments between $1,000,000 and $2,499,999  0.89% + HST
 Investments between $2,500,000 and $5,000,000  0.75% + HST
 Investments exceeding $5,000,000  0.6% + HST
Example of Investment Management Fee
Total Value of Investments under Administration: $500,000
Management Fee on AUM of total portfolio: 1.00%
Harmonized Sales Tax (13%) (Ontario citizen) 0.13%
Monthly Management Fee (Drawn from the Investments) $471

Note that these fees are payable directly from your investments, similar to how most firms operate, without the transparency that we provide.

Along with the advisor’s compensation, you may incur product fees and custodian fees payable to other companies that may be involved in the management of your investments.

Custodian Fees

National Bank, one of the six biggest banks in Canada, acts as custodian, or safe-keeper of your investable assets. Along with registering your holdings with the CRA for TFSAs and RRSPs, the buying and selling of securities flows through National Bank. A custodian fee is charged by National Bank and ranges from $50 to $250 per person for this service.

Product Fees

Along with the proprietary solutions that Innova Advisors offer, as independents, we have the ability to offer financial products from thousands of the largest financial companies in the world. These products may carry their own fees which vary depending on the complexity of the product.

In all cases, your advisor will provide you complete transparency and a good understanding of the fees that are being incurred for the management of your investment dollars.

the all-in fee ranges from 0.6% to 1.8% of their investable assets, after-tax
Price is what you pay, Value is what you get.” Warren Buffett

How are my existing assets transferred to your management?

As part of our on-boarding process, we will set up accounts for you with National Bank, the custodian, or safe-keeper of your investable assets.

Cash contributions and withdrawals can be arranged directly from your bank account using electronic fund transfers.

Existing investments in RRSPs, TFSAs and other Registered accounts are transferred using a special form that eliminates any tax consequences of such transfers. The Transfer Authorization for Registered Investments to the relinquishing institution. If the transfer is ATON (i.e. electronic fund transmission) it will take approximately 10 days to receive the funds. If the transfer is non-ATON (i.e. paper cheque), then it can take 4-6 weeks to receive the funds. ATON vs. non-ATON is determined at the institutional level.

Our team members follow up once per week with the relinquishing institution to ensure transfers are as seamless as possible throughout this process. You will also receive regular updates on the transfer status until it is resolved.

In most cases, Innova Wealth will reimburse any transfer fees you incur during the on-boarding process. We invite you to discuss this with our team prior to the transfer process so that it can be properly flagged.

Are there transfer, account closing or redemption fees?

No, Innova Wealth does not charge transfer or redemption fees. You are free to move or withdraw your assets at any time without penalty. Given our track record of near-perfect client retention, we have opted to eliminate any such fees.

In most cases, Innova Wealth will reimburse any transfer fees you might incur for transferring assets over to us. We invite you to discuss this with our team prior to the transfer process so that it can be properly flagged.

How am I protected as an investor?

As an investor, you are protected by two separate institutions, CIPF & CDIC.

The Canadian Investor Protection Fund (CIPF) was established by Canada’s provincial and territorial securities regulators to protect investors against insolvency of the firm holding their assets and is funded by firm members of IIROC who are assessed quarterly fees. If you have an account with a member firm, and that firm fails, CIPF works to ensure that any property being held for you by the firm at that time is given back to you, within certain limits. Property can include cash and securities.

The Canada Deposit Insurance Corporation (CDIC) is a crown corporation created to insure the deposits of Canadian investors up to $100,000 per type of account per member institution. If your institution closes, CDIC will reimburse your insured funds, including interest. Created in 1967 following a year of financial turmoil, this corporation was created to increase depositor confidence and contribute to the stability of the Canadian financial system. This insurance applies to savings and chequing accounts, GICs and other term deposits, and foreign currency.

National Bank Independent Network acts as our preferred custodian, or safe-keeper of your investment assets. In this way, your investment assets are held directly with the 6th largest bank in Canada, in your name.

Lastly, Aligned Capital Partners Inc., our securities dealership and a subsidiary of CI Financial, conducts extensive compliance audits on Innova Wealth to ensure we remain compliant with all securities regulations.

What is the relationship between Innova Wealth, CI Investments Aligned Capital Partners (ACPI), and National Bank Independent Network (NBIN)?

Innova Wealth is an independent financial advisory firm, which means we have access to products from a variety of financial institutions and are not restricted to in-house solutions.

Aligned Capital Partners Inc. is our dealer, who acts as a broker for all account transactions, provides third-party compliance overview, and portfolio management. ACPI is a member of the Investment Industry Regulatory Organization of Canada (IIROC). ACPI is also a subsidiary of CI Investments which gives them access to improved services and advisor support.

National Bank Independent Network acts as our preferred custodian, or safe-keeper of your investment assets. In this way, your investment assets are held directly with the 6th largest bank in Canada, in your name. We also leverage National Bank’s trading desk to facilitate the buying and selling of securities.

What to expect during the transfer process

Transferring your existing investments away from a known provider can be an emotional process. We make it as seamless as possible. Once we receive your authorization, we submit transfer requests to the appropriate parties and follow through until completion, ensuring all dollars have been accounted for. Throughout the process, Innova Wealth Processing team will keep you up to date with progress.

ATON transfers (electronic) take approximately 10-15 days.
Non-ATON transfers (paper cheques) take approximately 4-6 weeks.

How to read client statements

The first page is a quick overview of your investment portfolio value and asset allocation. Further information about your investment portfolio can be found on subsequent pages. Rest assured, Innova Wealth Partners is always here to answer any questions you have.

How to access online statements & files

You can access your online accounts with us in one of two ways:

  1. NDex (Preferred due to ‘household’ view and rate of return reporting.) https://www.ndexsystems.com/fengine/online/en/innovawealthmanagementl go
  2. NBIN (Ease of use, access tax slips, and change delivery) https://myportfolioplus.ca/alignedcapital/login

For more information on your online statements, please view our FAQ document here.

  • Kelly Dussiaume
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    1-855-855-1213

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