Employee Financial Planning

Many companies have started to add fee-only, advice-only financial planning as a perk for their senior executives. It helps keep top talent focused on corporate business because they know their personal business is well-organized by a professional who is on their side.

Furthermore, the group benefits provider or pension administrator that works with the broader employee base may do an excellent job for most employees but may not be well-equipped to counsel a company’s senior management.

Retirement counselling provided by an advice-only financial planner is also one of the few employee benefits that is not taxable on an employee’s T4 here in Canada. As such, it can be a way to compensate an employee without having the employee taxed on that compensation.