Products & Services

travel insurance

Click the link below for quick and easy access to travel insurance for you or your family.  Provided through Manulife Insurance, this process takes only a few minutes and provides you with peace of mind that you are fully covered during your time away.

extended health insurance

Self employed, contract worker or do not have extended health insurance through work?  We can create a custom plan for you.  Click the link below or contact us for pricing.

insurance Planning

When we think of insurance, we often think of term life insurance, and although it is important, there are other insurance products that may be valuable for you. We first provide a thorough needs analysis to determine what type of insurance you need and how much. We don’t oversell and we won’t saddle you with unnecessary products. Our goal is to provide you with the right level of security for your needs. We offer Life (Term, Whole Life & Universal Life), Critical Illness, Disability, Travel Insurance and Group Insurance.  

For business owners, we offer solutions for insuring key persons, succession planning and group health insurance, Health Spending Accounts (HSAs), and group RRSP plans.

portfolio planning

Carefully planning a portfolio involves investing wisely through diversification of funds. However, simply investing in many funds is not the answer. Choosing an “efficient” mix of funds to maximize the benefits of diversification is key to producing steadier long-term results.

Royal City Asset Management advisors will help you develop an investment portfolio to ensure that your financial planning goals are satisfied throughout your life cycle. Client portfolios are reviewed on an ongoing basis.

retirement planning

Canadians are living longer, healthier and more active lives, which suggests that your financial needs may extend 20 to 30 or more years beyond retirement. We can help you build a future income stream that will provide a secure and enjoyable retirement lifestyle.

At Royal City Asset Management, our representatives work with you to assess your retirement needs and goals as well as to implement tax-wise strategies to accomplish those goals.

F.A.Q.

Here is a list of common questions we are asked.  

Mutual Funds– An investment vehicle that allows you to pool your investment dollars with other investors. As a group, you get advantages and cost savings that might not be available to you as an individual investor.

Segregated Funds- Mutual funds with an insurance wrap.  They offer maturity and death guarantees, creditor protection, the ability to name a beneficiary, and can bypass probate.  They typically have higher MER’s than a mutual fund, so we can discuss if this is the right product for you.

GICs- A guaranteed investment certificate is a Canadian investment that offers a guaranteed rate of return over a fixed period of time, most commonly issued by trust companies or banks. Due to its low risk profile, the return is generally less than other investments such as stocks, bonds, or mutual funds.

Money Market / Cash Accounts- A short-term, low risk investment that looks to provide moderate cash flow with a focus on preservation of capital.

Blue Cross

BMO Insurance

Canada Life

Canada Protection Plan

Desjardins Insurance

Empire Life

Equitable Life

Foresters

Great West Life Insurance

Industrial Alliance Insurance

Ivari Insurance

Manulife Insurance

RBC Insurance

SSQ Insurance

Wawanesa Life

The financial world is complex, with myriad choices, complex terminology and high stakes. Many people prefer a do-it-yourself approach, but working with a wealth advisor has the potential to help. Of course, that guidance comes with a cost. Is it worth it? That is a personal decision that each individual needs to evaluate, but there are advantages to working with a wealth advisor.

For more information, click HERE.

TFSA stands for Tax Free Savings Account.

Like the RRSP, the TFSA is a registered account designed to help Canadians invest for the future. While TFSAs are very useful for building wealth towards retirement, the rules for these accounts are different than those for RRSPs. These differences can make TFSAs very useful for short-term and long-term spending goals, such as family vacations, purchasing a new car or home renovations.

For more information, click HERE.

RRSP stands for Registered Retirement Savings Plan.

It’s a registered account that can be used for holding investments specifically for retirement. “Registered” means that the account conforms with tax rules administered by Canada Revenue Agency (CRA). These rules determine how much you can contribute each year, what you can invest in, when you must terminate your RRSP and the implications of taking money out of your account.

For more information, click HERE.

RRIF stands for Registered Retirement Income Fund.

A RRIF is a registered investment account that’s used to provide for income rather than savings. In other words, you don’t make contributions to your RRIF; instead, you take the money that you’ve invested in your RRSP and put it into your RRIF to fund your retirement.

As with an RRSP, earnings on investments inside your RRIF are tax-sheltered until they are withdrawn. By converting your RRSP into a RRIF, you avoid cashing in your RRSP for a lump-sum payment, which may result in a significant tax hit when you retire.

As you approach retirement, it’s a good idea to start thinking about your options for converting your RRSP into retirement income. Government regulations require you to select an option by the end of the year in which you turn 71, and to begin withdrawing funds the following year. By far the most popular choice among Canadian retirees is the RRIF.

For more information, click HERE.

A non-registered account is a type of investment account that is subject to tax when income is earned on investments held in the account. A non-registered account is sometimes called a “taxable” or “open” account.

For more information, please click HERE.

RESP stands for Registered Educational Savings Plan.

An RESP is a special savings and investment account that helps you save money for your child’s post-secondary education. The savings inside an RESP grow tax-free for the life of the plan. You may also qualify for government grants for your RESP.

You can set up an RESP for any special child in your life- children, grandchildren, godchild, niece or nephew.

For more information, click HERE.

 

RDSP stands for Registered Disability Savings Plan. 

It is designed to help build long-term financial security for disabled persons, the RDSP makes it easier to accumulate funds by providing assisted savings and tax-deferred investment growth.

For more information, please click HERE.

A mutual fund is an investment vehicle that allows you to pool your investment dollars with other investors. As a group, you get advantages and cost savings that might not be available to you as an individual investor.

Mutual funds are provided through FundEX Investments Inc. 

For more information on the advantages of mutual funds, click HERE.

RI/ SRI stands for Responsible Investing /Social Responsible Investing. 

Responsible investment (RI) refers to the incorporation of environmentalsocial  and governance factors (ESG) into the selection and management of investments.

RI has boomed in recent years as investors have recognized the opportunity for better risk-adjusted returns, while at the same time, contributing to important social and environmental issues.

A number of the mutual fund companies we work with are now offering RI & SRI mutual funds.  IA Clarington & NEI are two of companies that we use.

For more information about Responsible Investing, click HERE.

For more information about SRI Funds through IA Clarington, click HERE.

For more information about SRI Funds through NEI Investments, click HERE.

 

MER stands for Management Expense Ratio.

The MER is a fee charged on mutual funds for the costs associated with running the fund. It’s not a new fee. In fact, the MER has applied to mutual funds since they were introduced in the 1980s.

Recent changes in mutual fund regulations, designed to ensure that investors are clear on the fees they are being charged, have brought the MER into focus. The MER now appears on all mutual fund statements, so investors can see what they’re paying.

For more information, click HERE.

 

Professional investment managers have different styles and approaches. Two of the best known are growth and value.

Growth:  The portfolio manager looks for companies that are growing rapidly – in their earnings, sales, and/or return on investment.

Value:  This style focuses on bargains: undervalued, out-of-favour stocks with strong potential.Both approaches can be successful.

For more information, click HERE.

 

What does “buy low, sell high” mean? Simple: you buy investments when their price is down and sell them when their price has peaked. Except without a crystal ball, it’s impossible to predict when those prices will occur. How do you know when a share price is going to peak? How do you know that the price won’t keep rising?

For more information, please click HERE.