Disclosure Statement

Advisor information for clients concerning

W. R. Lyle Garrett, CLU, CH.F.C., EPC

About me

I am licensed for life and health insurance in the Provinces of Ontario and Alberta.
 
I have earned my designations as a Chartered Life Underwriter, Chartered Financial Consultant, Elder Planning Counselor.

Companies’ products made available
 
I have access to the following companies’ products either through direct contract or through Managing General Agencies including but not limited to HUB Financial Inc.:

• The Great-West Life Assurance Co.

• Canada Life Assurance Co. (including former Crown Life and New York Life)

• Empire Life Insurance Co.

• BMO Life (formerly AIG Life)

• Industrial Alliance Life

• Assumption Life

• Ivari (formerly Transamerica Life)

• Manulife Financial (including the former Standard Life)

• Foresters Life

• GMS Travel Insurance

• London Life Insurance Co.

In addition, I offer:

• Referrals for certain banking products from Manulife Bank.
• Personal income tax planning, preparation, and filing.

Compensation

I am paid by the company that offers the product my clients choose. I am compensated by a sales commission for most products at the time of sale, and may receive a renewal (or service) commission. For certain products, I may receive a referral fee.

I may also be eligible for additional compensation, such as bonuses and non-monetary benefits such as marketing allowances or travel incentives, and may be entitled to participate in a share purchase plan. This compensation depends on various factors such as the volume or retention of business I place with a particular company or group of companies during a given time period.

"Fee for Service" compensation will be negotiated with the client where products are used which do not pay a sales commission.

Pre-determined fees are charged for the preparation and filing/filing of amendments of personal income tax returns.

Conflict of interest

I take the potential of a conflict of interest seriously. I will notify my clients if there is a conflict of interest of which I become aware in regards to my services.  My services will always take into consideration my clients financial needs.

This statement has been prepared by W. R. Lyle Garrett, CLU, CH.F.C., EPC  and he alone is responsible for its accuracy.

 

 

 

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