At Bongard Wealth Advisory, we understand that financial planning can bring up many questions.

Our FAQ section provides answers to some of the most common questions about our process, services, and approach to wealth management.

Whether you're interested in learning about our investment strategies, understanding our fee structure, or simply exploring how we work with clients, our FAQ is designed to keep you fully informed.

Services & Value

1. What services do you provide, and how do they benefit my financial goals?

We offer a full suite of wealth management services, from financial planning and investment management to estate planning, tax efficiency, and risk management. Each service is designed to support your unique financial objectives, working together to create a comprehensive plan that grows with you.

 

2. How do you determine an investment strategy that’s right for me?

Our investment strategies are customized based on your specific financial goals, risk tolerance, and time horizon. Through a thorough discovery process, we develop a plan that balances growth and stability to align with your aspirations and lifestyle.

 

3. How does financial planning fit into my overall wealth management?

Financial planning is the foundation of our approach, shaping all aspects of your wealth strategy. We consider income needs, lifestyle goals, legacy intentions, and risk management, creating a flexible plan that adapts as your life evolves.

 


Communication & Client Engagement

4. How frequently will we meet, and how do you keep me informed?

We prioritize regular communication, including scheduled meetings, portfolio reviews, and updates through our client portal. The frequency and format of communication are customized to suit your preferences, ensuring you’re always informed.

 

5. What kind of access do I have to digital tools or a client portal?

Our client portal offers real-time access to portfolio updates, reports, and other account information, allowing you to stay informed and engaged in your financial plan at any time.

 

6. How will you work with my other advisors, such as tax or legal professionals?

We collaborate closely with your existing advisors to ensure seamless integration of all aspects of your financial life, aligning tax, legal, and estate strategies with your broader wealth goals.

 


Expertise & Investment Philosophy

7. What qualifications and experience do you have?

Our team includes professionals with designations like CFP, CFA, and CIM, with decades of combined experience in managing wealth for high-net-worth clients. This expertise, along with our family’s history in wealth management, brings depth and stability to our services.

 

8. What is your investment philosophy?

Our philosophy emphasizes disciplined, long-term investing, focusing on quality assets, diversification, and proactive risk management. We balance growth with preservation, adapting to market changes while aligning with your goals.

 

9. What role does family history play in your investment strategy?

With over a century in the wealth management field, our family brings generations of knowledge and perspective. This legacy shapes our approach, emphasizing sustainable growth and disciplined, value-driven investing.

 

10. How do you manage investment risk?

Risk management is integral to our investment approach. We balance diversification with high-quality assets and regular portfolio reviews, ensuring your investments remain aligned with your risk tolerance and goals through market fluctuations.

 


Fees & Transparency

11. How are your fees structured, and what am I paying for?

Our fee structure is fully transparent and may include a percentage of assets under management, a flat fee, or other customized arrangements. Fees cover comprehensive financial planning, investment management, and ongoing support, ensuring there are no hidden costs.

 

12. How do your fees compare to other wealth management firms?
Our fees are competitive within the wealth management industry, providing access to a full range of services. We prioritize transparency, so you understand the value you’re receiving and feel confident in your investment.

 

13. How do investment fees impact my returns, and are there any hidden fees?
Investment fees are a critical consideration in net returns. We aim to be fully transparent, discussing any potential costs upfront so you have a clear understanding of the overall impact on your portfolio.

 


Tax Efficiency, Estate Planning, & Legacy

14. How do you incorporate tax efficiency in my financial plan?
Tax efficiency is a key aspect of our planning. By collaborating with your tax advisors, we implement strategies to optimize after-tax returns, reducing liabilities and maximizing wealth growth.

 

15. What role does estate planning play in my overall wealth management strategy?
Estate planning helps ensure your legacy aligns with your values. We work with you and your legal advisors to create an effective estate plan, including wills, trusts, and inheritance strategies that meet your long-term objectives.

 

16. How can you help me plan for major life events, such as retirement or selling a business?
We offer tailored support for significant life transitions, helping you navigate retirement, business succession, or wealth transfer with strategies that adapt to each new phase.

 

17. What role does family governance play, and how can you support multi-generational wealth transfer?
Family governance helps align shared values and communication across generations. We provide guidance on structuring family meetings, preparing heirs, and establishing a legacy that reflects your family’s long-term vision.

 


Specialized Solutions & Philanthropy

18. Do you offer cross-border or international wealth management solutions?
Yes, we specialize in cross-border planning for clients with international assets or residency in multiple countries. We address unique tax and legal considerations to ensure a smooth, integrated strategy across jurisdictions.

 

19. How can you help me plan for charitable giving or create a philanthropic legacy?
We work with you to design a philanthropic plan that reflects your values, incorporating charitable trusts, foundations, or other giving strategies that create meaningful impact while maximizing tax benefits.

 

20. How do you support clients interested in sustainable or impact investing?
For clients interested in aligning investments with their values, we offer sustainable and impact investing options. These strategies focus on companies with positive environmental, social, or governance practices.

 


Personalized & Adaptive Approach

21. How does your process adapt to changes in my life or the market?
Our planning process is designed to be adaptive, allowing us to pivot as your life circumstances or market conditions change. We conduct regular reviews to ensure your strategy remains aligned with your goals.

 

22. What strategies do you use for asset protection and risk mitigation?
We use strategies like asset diversification, liability management, and risk insurance to protect your wealth. Our goal is to build a resilient plan that withstands potential financial risks.

 

23. How do you approach business succession planning?
Business succession is a key area of focus. We work with you to create a seamless transition plan, protecting your company’s legacy while optimizing for tax and financial efficiency.

 


Family & Client Support

24. How do you educate family members or future heirs about wealth management?
We provide financial education sessions, family meetings, and tailored resources to prepare the next generation. Our goal is to empower heirs with the knowledge to responsibly manage and grow family wealth.

 

25. How can you help me ensure my family is protected if something happens to me?
We offer comprehensive risk management planning, including insurance solutions and estate planning, to ensure your family’s financial security and continuity if the unexpected occurs.

 

26. What kind of support can I expect for everyday financial needs, like cash flow management or lending?
Through our partnership with BMO Private Banking, we offer services for daily cash flow needs, lending solutions, and other customized banking services to simplify and enhance your financial management.

 

Have More Questions? We’re Here to Help!

Our team is committed to providing you with the information and guidance you need for your wealth journey. If you have additional questions or are ready to explore how Bongard Wealth Advisory can support your financial goals, don’t hesitate to reach out.

 

Contact us today to start a conversation tailored to your unique needs