Our Wealthcare Process
We start with a comprehensive financial health check-up of your current financial position. Based on your results, we apply our unique Wealthcare financial planning approach, which has been shaped by over 12 years of experience helping our clients.
1. Understand your Needs & Goals
2. Gather Information & Analyze Data
3. Build Your Financial Plan
4. Discuss & Suggest Recommendations
5. Implement Financial Plan & Strategies
6. Monitor, Report & Review Progress
Top Three reasons to work with us:
We can work with you across the country!
Regardless of where your residency or practice takes you, we make regular trips to Ottawa, Kingston, London and rural Northern Ontario.
Truly independent fiduciaries with access to all products!
We have access to products from all investment and insurance companies as well as individual stocks, bonds and ETFs to construct a personalized financial plan for you, always committed to you best interest, rather than our employers.
A team of financial specialists experienced at working with healthcare providers!
Talk to friends and colleagues and you will most likely find one that works with us and is happy to refer our services. We work with more than 40 physicians and dentists (and growing!) in all points of their career, from residency to partial retirement.
While you are a NOSM Student or Resident, we offer the following at no cost:
Unlimited emails, calls, and texts for advice or questions
Face-to-face meetings to set your goals and plan your finances (two per year)
Cash-flow planning with an emphasis on debt control (and debt-minimization!) strategies
Planning for family matters including maternity leave or your first home purchase
Help setting up your practice, including incorporation strategies
Comprehensive insurance review, including life, disability, and critical illness insurance
Permanently discounted disability insurance with guaranteed acceptance via a medical student offering
A Financial Team specializing in Physicians, NOSM Students and Residents
We understand how hard it is to be a Medical Learner at NOSM and that you are completing several gruelling years of studying and training. With complimentary financial advice, insurance, investment management, and debt repayment planning services from Innova, you will have the time and peace of mind to focus on your studies and the important things in your life!
Innova Wealth Partners are specialists in working with physicians during all stages of their careers. Our Certified Financial Planners (CFP) and Chartered Investment Managers (CIM) Portfolio Managers have over 25 years of combined experience and together with our licenced support staff, offer you your own personally dedicated financial team.
As you start to establish your practice, having your own experienced Chief Financial Officer will help you ensure you make the right decisions along the way.
We are available at your convenience: e-mail, phone, or even text us with any of your questions, concerns, or worries. There is no question too big or too small. We want you studying, not worrying about taxes, insurance, investments, or your financial future!
Your goals and your personal situation are unique. As fiduciaries, we work for you and in your best interests. If you already have tax and legal advisors, we will work collaboratively with them to ensure you can make the best financial decisions for you. Otherwise, we will gladly refer you to our team of experts, experienced in dealing with the particularities of healthcare providers.
We speak the language of finance in English and French and will meet with you at your convenience at one of our offices in Sudbury, Barrie, and Toronto. Through our network of physician clients, we can easily meet you in Ottawa, London, Kingston, rural Northern Ontario, and even out of province. No matter where you settle for your residency or your medical practice, we offer exemplary service today and in the future.
To get started, contact our Physician Services Partner
Cliff Richardson, Partner & Certified Financial Planner
I met the Innova team during my last year at NOSM. At the time, my needs were focused on debt management and obtaining the right disability insurance. While I completed my residency at UBC in emergency medicine Cliff continued to check in. Upon my return, they helped guide me through the process of buying my first home and establishing a corporate investment strategy. It is comforting to know that they work with physicians in all stages of their careers and I continue to recommend their services to peers.”
I called upon Cliff in my final year of Obstetrics & Gynecology residency, while still away in London, Ontario. Cliff was sure to stay in touch along the way, even making trips to London to meet with me. When I came back to Sudbury and began the transition into full practice, Cliff was instrumental in helping me navigate the complexities of insurance, investments, incorporation, etc. I would have no hesitation in recommending Cliff to any colleagues looking for personalized and specialized financial advice geared towards Physicians."