Working with Rex has been a real pleasure. He is extremely knowledgeable about all of the financial issues that medical students and residents face. He is extremely personable and really cares about making the whole financial process as transparent and easy as possible.
— Dr. Courtney Scott, Neurologist & Dr. Christopher Farlinger, Anesthesiologist, University of Toronto Graduates

 

Our Consultative Approach

At Clarity MD Services, it's our job to help you understand your financial situation and the outcome of your planning decisions. We'll take your through our five-phase planning process to ensure we're making the best possible recommendations for you.

1. Discovery  

To give you the right advice, we need to get to know you, to understand your financial situation, and learn about your long- and short-term goals.

2. Analysis

We conduct a thorough analysis of your current financial situation, your personal and professional life, and look for solutions that put you on the path to achieving your goals.

3. Proposal

We help you to understand where you stand relative to your goals and present recommendations to help you meet them. With your collaboration and feedback, we fine tune our recommended solutions. We may identify other professionals, if required, to further explore or implement a strategy.

4. Implementation

We go out of our way to make the implementation of our solutions as easy as possible for you, and we'll keep you informed throughout the process. If other business professionals are involved, we don't just hand you off; we'll take the time to coordinate with them, ensure they're aware of your requirements, and follow up on the completion of your overall plan.

5. Review

You need to keep your financial plan on track, and it will change and evolve as your personal and professional life does. We perform periodic reviews, and adjust as needed to help make sure you achieve your financial goals.


How we get paid

Trust is earned. That's why we're open and transparent about how we get paid. In every transaction, we'll let you know up front how we're compensated.

We're independent, so we don't just sell the products on a pre-approved "shelf," or those with the highest commissions. We make product recommendations based on what suits your needs and situation best. Our remuneration is in the form of fees, commissions, or a combination of both. And we'll do our best to give you advice on how to keep your costs as low as possible.


Safekeeping Your Assets

Investments

All your assets are held in trust in your name by Wealthsimple. Your deposits are transferred directly to and from your Wealthsimple accounts. Clarity MD Services nor its parent company Clarity Group Financial Inc. holds any of your assets. At Clarity MD, security and trust are crucial to us. Wealthsimple uses bank-level security to protect your data. Their 256-bit SSL/TLS certificate encrypts all information transmitted between your browser and their web servers. Moreover, Wealthsimple employs state-of-the-art back-up and firewall technology to ensure account information is always available, no matter what happens. Our system updates back-ups throughout the day, every day.

To open an account, Wealthsimple confirms your details with a reporting agency to verify your identity. All bank accounts linked to your Wealthsimple accounts must also be in your name. Beyond that, they use 2 Factor Authentication (2FA) to make sure that you are the only one who can ever log into your account.

Wealthsimple is a member of The Canadian Investor Protector Fund (CIPF), an organization self-funded by member companies to protect investors if one of the companies become insolvent. Investors are insured for up to $1 million when their accounts are held by one of these member companies. Furthermore, Wealthsimple is financially backed by Power Financial Corporation, one of the highest rated financial company in the world with over ~$800 billion assets under management.

Insurance

Every life insurance company authorized to sell insurance policies in Canada is required, by federal, provincial and territorial regulators, to become a member of Assuris, a non-profit organization that protects Canadian policyholders if their life insurance company should fail. Should that happen, your policies will be transferred to a solvent company. Assuris guarantees that you will retain at least 85% of the insurance benefits you were promised. Life insurance, disability insurance, critical illness insurance long-term care insurance and annuities are all protected by this guarantee.