Simplify your practice while building a legacy
WORKING WITH THE BEST VENDORS
Built for dealing reps and investment advisors
- automated fill-and-sign documentation system for onboarding and check ups
- reminders and workflows with a proactive compliance team
Our mission is to give everyone access to high quality, institutional grade investments.
Transitions made... less painful
We share what to expect and how to approach your firm and your clients.
Our account services team and automated e-signature system makes your transition faster and easier.
Enjoy better returns on existing clients and build your book with our marketing resources.
1. We plan the transition together
2. We help you make it happen
3. We celebrate and help you grow
Access to products that clients want
Most companies offer advisors a limited number of products, which makes it hard to meet the needs of a client. At HFI Wealth Management, we believe that diversity is essential.
We offer our advisors a variety of products and help them package these products for their clients:
- Hybrid indexing portfolios
- Core investments + unique access to private and alternative investments
- Targeted exposure portfolios
Fair compensation for advisors
Grid compression is an unfortunate reality for many advisors – and the fees only ever grow. We approach things differently.
Our people come first and we believe that fair pay is the first step to a relationship where our advisors can thrive. Learn how you can earn up to 1% on your AUM.
Whether you have questions about the company or the process, it all starts with a conversation. Reach out to us today and see if HFI Wealth Management is right for you.
HFI Wealth Management provides the tools and support for advisors to grow and control what they do.
Built to empower the advisor
WORKING WITH THE BEST VENDORS
Fair compensation for advisors
Grid compression is an unfortunate reality for many advisors – and the fees only ever grow. We approach things differently.
Our people come first and we believe that fair pay is the first step to a relationship where our advisors can thrive. Learn how you can earn up to 1% on your AUM.
Access to products that clients want
We offer our advisors a variety of products and help them package these products for their clients:
- Hybrid indexing portfolios
- Core investments + unique access to private and alternative investments
- targeted exposure portfolios
Most companies offer advisors a limited number of products, which makes it hard to meet the needs of a client. At HFI Wealth Management, we believe that diversity is essential.
Built for ease and efficiency
Instead of filling out repetitive forms, our automated fill-and-sign documentation system makes client onbarding fast and organized.
Rather than policing our advisors, we believe that a proactive compliance team can save time and stress for our advisors – and that makes better business sense.
Rather than adopting archaic procedures, we are building out a knowledge base to share our best practices. It's all rooted in daily practice, so it gets updated from your feedback.
Take back valuable time
Proactive Compliance
Sensible processes
Built for dealing reps and investment advisors
Our systems and processes are built with advisors in mind.
Instead of wasting time on outdated policies, you can provide better client service with our:
- automated fill-and-sign documentation system for onboarding and check ups
- reminders and workflows with a proactive compliance team
Our mission is to give everyone access to high quality, institutional grade investments.
Transitions made... less painful
We share what to expect and how to approach your firm and your clients.
Our account services team and automated e-signature system makes your transition faster and easier.
Enjoy better returns on existing clients and build your book with our marketing resources.
1. We plan the transition together
2. We help you make it happen
3. We celebrate and help you grow
Reach out today to see if HFI Wealth Management is right for you
Your questions, answered
Where are your offices and can I work remotely?
Our head office is in Vancouver, but we have embraced a fully remote work environment so you can work from anywhere in Canada.
How does your company culture compare to that of the bigger companies I'm used to?
We believe work culture is very important, especially at a small company. We get to know every person that joins the wealth management team and connect on a weekly basis. We’ve always got new initiatives on the go and share progress updates as well as issues we face.
Working at HFI Wealth Management means you’ll be part of a growing team of forward thinking advisors that cares about growth, opportunity, and what’s next.
What type of person are you looking for?
We’ve built an investment firm dedicated to solving the problems of the advisors. If you resonate with the issues we’ve touched on, there’s a strong chance we’re looking for you.
If you are open to new opportunities, want to progress your career, and are excited about discarding archaic industry norms, we’d love to hear from you.
Who else is on our team?
We are a diverse team with a diverse background. We have team members that took a classical career path into investment, while others are self taught. We have team members that come from real estate, media, marketing, entrepreneurship, and technology.
We are a diverse and driven set of individuals - that’s why we are open to all advisors looking for something better.
What kind of desk fees can you expect?
We only charge desk fees for technology you’re using. We aren’t here to make money off desk fees so we are simply passing along the costs of the software you end up using. In fact, we’ve included all the basics to get you started at no cost.
How do I get started?
If you're interested but are not sure about the next steps, book a time to talk and we'll discuss your particular situation and how best to proceed.
If you're excited about joining an ambitious team and taking the next step in your career, reach out to us today.
The top 5 reasons our advisors chose us
1. We value our advisors and compensate them fairly. We believe in fairly compensating our team members for the work they do. No grid fees means our advisors are making significantly more (sometimes double or even triple) their previous earnings with the same book of clients.
2. We support our advisors in their professional growth. Whether you’re ready to step past the mutual funds or well on your way to becoming a Portfolio Manager, our team is here to support you and give you the tools you need to make progress.
3. A strong variety of products that continues to grow. When we say diversity, we back it up. We don’t just include mutual funds and stocks, we give our advisors access to the private sector in spaces like real estate, venture capital, and even crypto.
4. Our advisors own their book of clients, truly. The advisors put in the leg work to find and build relationships with clients, so we don’t believe it’s fair for firms to try and poach clients when advisors decide to leave a firm. That's why we'll never do it, and we put it in writing - your clients are your clients forever.
5. We give our advisors the freedom to do what they want. From an open product offering to a personalized billing structure, we offer a flexible framework to enable our advisors to excel.
What grid fees are costing advisors
You may be all-too-aware of the grid fees your firm charges or you may now accept them as normal, but grid fees are an archaic practice that have been accepted as tradition. Every firm has a different rationale, and they only seem to grow over time - but we don’t believe they should be normal.
The average advisor has a book of clients with about $14 million AUM (assets under management).
The typical fund will charge 2% - 1% for the fund and 1% for the advisor.
If a firm charges a 50% grid fee (50 basis points), that means the advisor gets the other 50 basis points - $70,000.
That means this advisor would be losing out on $70,000 annually to grid fees. At HFI Wealth Management, this advisor could be making $140,000 with the same book of clients.
What else you'll find on this page
The top 5 reasons our advisors chose us
1. We value our advisors and compensate them fairly. We believe in fairly compensating our team members for the work they do. No grid fees means our advisors are making significantly more (sometimes double or even triple) their previous earnings with the same book of clients.
2. We support our advisors in their professional growth. Whether you’re ready to step past the mutual funds or well on your way to becoming a Portfolio Manager, our team is here to support you and give you the tools you need to make progress.
3. A strong variety of products that continues to grow. When we say diversity, we back it up. We don’t just include mutual funds and stocks, we give our advisors access to the private sector in spaces like real estate, venture capital, and even crypto.
4. Our advisors own their book of clients, truly. The advisors put in the leg work to find and build relationships with clients, so we don’t believe it’s fair for firms to try and poach clients when advisors decide to leave a firm. That's why we'll never do it, and we put it in writing - your clients are your clients forever.
5. We give our advisors the freedom to do what they want. From an open product offering to a personalized billing structure, we offer a flexible framework to enable our advisors to excel.
What grid fees are costing advisors
You may be all-too-aware of the grid fees your firm charges or you may now accept them as normal, but grid fees are an archaic practice that have been accepted as tradition. Every firm has a different rationale, and they only seem to grow over time - but we don’t believe they should be normal.
The average advisor has a book of clients with about $14 million AUM (assets under management).
The typical fund will charge 2% - 1% for the fund and 1% for the advisor.
If a firm charges a 50% grid fee (50 basis points), that means the advisor gets the other 50 basis points - $70,000.
That means this advisor would be losing out on $70,000 annually to grid fees. At HFI Wealth Management, there are no grid fees - this advisor could be making $140,000 with the same book of clients.
The story of how we got here
Ben started as a financial advisor focusing on MFDA products while still in university. He was an entrepreneur at heart and loved that his hard work directly impacted his book. Mutual funds made sense, but when he found out what the endowments for his university were offering, he was confused. He just didn't have the same products to offer his clients.
He searched for a way to get product diversity for his clients and learned about the progression to become a Portfolio Manager. In doing so, he realized the system was not built for Portfolio Managers. There were requirements and rules around becoming a Portfolio Manager that made it harder than it needed to be.
When he move to the next investment firm for their advertised portfolio manager fast track, they had 1200 advisors and not one portfolio manager to meet the supervisory requirements. He had no guidance at all, but his hard working nature took him to the top. When the firm was acquired, he wasn’t interested in [new rules that made Ben leave] and switched once more.
It was at the third investment firm that Ben realized these advisor challenges weren’t unique to one firm. They were at every firm he had worked at and each was frustrating in their own way.
He realized he would have to start his own firm if he wanted a space that didn't have a list of old-school rules holding advisors down. This posed many of its own challenges.
Fortunately, he came across Peter and Corbin – two entrepreneurs that had come to the exact same conclusion. Together, they had the experience, trading, and compliance background needed to start an investment group.
They imagined a work space that provided the tools and the support to allow advisors to thrive - a firm for advisors, by advisors – and HFI Wealth Management was born.
Let's talk
Whether you have questions about the company or the process, it all starts with a conversation.
Your questions, answered
Where are our offices located?
Our head office is in Vancouver, but we have embraced a fully remote work environment so you can work from anywhere in Canada. We are registered with the securities commission in British Columbia, Alberta, Saskatchewan, and Manitoba.
We are in the process of registering with the Ontario and Quebec securities commission and should have approval/confirmation later this year.
How does your company culture compare to that of the bigger companies I'm used to?
We believe work culture is very important, especially at a small company. We get to know every person that joins the team and connect on a weekly basis. We’ve always got new initiatives on the go and share progress updates as well as issues we face.
Working at HFI Wealth Management means you’ll be part of a growing team of forward thinking advisors that cares about growth, opportunity, and what’s next.
What type of person are you looking for?
We’ve built an investment firm dedicated to solving the problems of the advisors. If you resonate with the issues we’ve touched on, there’s a strong chance we’re looking for you.
If you are open to new opportunities, want to progress your career, and are excited about discarding archaic industry norms, we’d love to hear from you.
Who else is on our team?
We are a diverse team with a diverse background. We have team members that took a classical career path into investment, while others are self taught. We have team members that come from real estate, media, marketing, entrepreneurship, and technology.
We are a diverse and driven set of individuals - that’s why we are open to all advisors looking for something better.
What kind of desk fees can you expect?
We only charge desk fees for technology you’re using. We aren’t here to make money off desk fees so we are simply passing along the costs of the software you end up using. In fact, we’ve included all the basics to get you started at no cost.
How do I get started?
If you're interested but are not sure about the next steps, book a time to talk and we'll discuss your particular situation and how best to proceed.
Grow your book with marketing freedom
We've embraced digital marketing and work with you to build your brand and grow your book.
Big companies have tight regulations around advisor marketing, making it hard to find clients and build trust. At Hoovest, we've built modern processes so you can advertise and engage with your future clients, while staying compliant.
HFI Wealth Management
Great access and support don't have to come at a price - focus on what you do best, and let us deal with the rest.
Reach out today to see if HFI Wealth Management is for you
Our systems and processes are built with advisors in mind. Instead of wasting time on outdated policies, you can provide better client service with our:
Let's connect
Are you IIROC or MFDA? What is your Licensing?
Neither, we are registered directly with the security commissions in jurisdictions we operate in. We are licensed as a Portfolio Management Firm, Investment Fund Management Firm, and an Exempt Market Dealer.
Can I get access to any private products? Can I get a new product added to the approved list?
Yes and yes. We have in-house funds that give you access to various private products and our investment committee will review potential investment opportunities at no cost.
© 2023 Hoovest Financial Inc.
All Rights Reserved.
Hoovest Financial Inc. (“HFI“) is registered with the British Columbia Securities Commission as an Investment Fund Manager, Portfolio Manager, and Exempt Market Dealer. It is also registered in the same categories in Alberta, Saskatchewan, Manitoba, Ontario, and Québec.
Hoovest Funds: our in-house products
Connect with portfolio managers to build a portfolio of our in-house products or flex your new-found freedom by using external funds.
Simplify your practice while building a legacy
HFI Wealth Management
Great access and support don't have to come at a price - focus on what you do best, and let us deal with the rest.
Hoovest Funds: Our In-House Products
Connect with portfolio managers to build a portfolio of our in-house products or flex your new-found freedom by using external funds.
© 2023 Hoovest Financial Inc. All Rights Reserved.
Hoovest Financial Inc. (“HFI“) is registered with the British Columbia Securities Commission as an Investment Fund Manager, Portfolio Manager, and Exempt Market Dealer. It is also registered in the same categories in Alberta, Saskatchewan, Manitoba, Ontario, and Québec.
Are you IIROC or MFDA? What is your Licensing?
Neither, we are registered directly with the security commissions in the jurisdictions we operate in. We are licensed as a Portfolio Management Firm, Investment Fund Management Firm, and an Exempt Market Dealer.
Can I get access to any private products? Can I get a new product added to the approved list?
Yes and yes. We have in-house funds that give you access to various private products and our investment committee will review potential investment opportunities at no cost.
