Letter of Engagement

When considering the purchase of investments and insurance, it is important to have an understanding of the product and how it meets your needs.

Also, it is important to know the company which is offering/supplying the product or service as well as the advisor who is recommending it.

The following information will assist you in making an informed decision and will provide insight into Tyler Hoffman's relationships with the companies he refers business to  and and how Tyler Hoffman is compensated.

OnPoint Private Wealth Coaching is a content publishing and education materials business that educates consumers on personal finance, and is solely owned by Tyler Hoffman.

Tyler Hoffman receives customer referrals from various professionals as well as from existing clients and this website.

Tyler Hoffman can be engaged by you to review your investments and retirement and lifestyle plans. His services pertain to the requested services only and do not expand beyond this arena into tax planning or other activities such as advice on investments other than segregated funds.

Companies We Represent:

As a licensed insurance advisor under Raintree Insurance Services, and HUB Insurance -  Tyler Hoffman represents several insurance carriers and health care providers:

• Desjardins Insurance, Greenshield, Pacific Blue Cross, MSH International, Empire Life, Canada Life, Sun Life, BMO Insurance, Industrial Alliance, RBC Insurance, MyHSA, Humania Assurance, Foresters Financial and Manulife.

 Tyler Hoffman represents several segregated investment carriers:

• Desjardins
• Empire
• Industrial Alliance

His recommendations are based on his assessment of your needs and are selected from a broad range of products, services, and technology.

For Investments other than Segregated Funds:

Tyler Hoffman uses a Sub-Advisor: ModernAdvisor which we make referrals to. This referral relationship means that you become a client of ModernAdvisor. Tyler Hoffman's duties are to offer you financial advice and provide planning but not manage the investment.

Tyler is paid an advice referral fee from Modern Advisor. You will have a dedicated Portfolio Manager from the Modern Advisor platform. Modern Advisor is owned and operated by Guardian Capital.

Nature of Relationship with Companies I Represent: No other company holds ownership or interest in Deliberate Wealth Media nor does Deliberate Wealth Media or Tyler Hoffman holds an interest in any Insurance Company.

Other Business Activity: In addition to Deliberate Wealth Media, Tyler Hoffman is the Founder of OnPoint Employee Benefits, and authorized to sell life, health, and Insurer group investment products, as well as group benefits and pensions.

Tyler is registered in the province of BC, AB, SK, YT and ON offering insurance financial services products.

Compensation:

Tyler Hoffman will receive remuneration from the company that offers the product or he is referring you to.

He is compensated by either a sales commission or referral fee at the settlement of the product or service. Also, he may receive renewal (or service) commissions from the Insurer where clients decide to keep the policy or contract in force.

He may also be eligible for additional compensation, such as bonuses, non-monetary benefits and travel incentives, depending on various factors such as the volume or persistency of business that he places with a particular company.

As part of our discussions on product requirements and selection, the amount of compensation received will not play a factor in the recommendations made to you.

Conflicts of Interest:

Tyler takes the potential of a conflict of interest very seriously. He will notify you verbally and in writing if there is a potential or real conflict of interest of which he becomes aware. His overall recommendations are unbiased and, where possible, are based on an independent survey of companies that provide the products the client is interested in.

 

Please do not hesitate to contact Tyler if you need further clarification on the recommended products, his qualifications, or the nature of his business relationships or how he is compensated.

PRIVACY CONSENT

I make best efforts to comply with the federal Personal Information and Electronic Documents Act (PIPEDA) and applicable provincial privacy laws. I strive to maintain the highest standards of confidentiality to ensure the protection of your personal information (PI). I also adhere to the Canadian Anti-Spam Legislation and Regulations (CASL) and will only communicate electronically with your consent or where the information provided is necessary to the on-going good standing status of your policy.

Accountability:

I am responsible for the PI that I receive from you. I will take appropriate and reasonable measures to safeguard that information in whatever form it is held.

How I Collect, Use, Share, Disclose and Retain Your Information:

With your consent, I collect information that helps me formulate advice and a recommendation of the most suitable products or services available to purchase through me. I collect all personal and corporate information including related personal details, financial and health information and use and retain it solely to provide advice. I convey your PI to Insurers through wholesale organizations known as Managing General Agencies (MGAs), which are contracted to provide administrative services to them. I may share this information with others to obtain help in areas outside of my areas of expertise. I am required to retain much of the information I collect for regulatory reasons including demonstrating that the recommendations I make are suitable and have addressed your identified needs.

Consent:

I use your PI to identify products, concepts and services to address needs you have identified. By signing this form, you agree:

• to provide accurate, current and updated information throughout our business relationship as your circumstances change,
• to allow me to use, share and disclose this information on an as-needed basis with my suppliers, associates and wholesale organizations, which may retain some information on file for future use and reference by me, my suppliers and any assignees,
• to allow me to retain your PI including, health information as detailed on your applications and any financial details you have provided, in my records for as long as I am your advisor or have a business or regulatory need to retain the information; and
  to the assignment of your file, including your PI, to another agent and/or agency, to continue to service your needs, if I become incapacitated, die or retire. You will, however, have the right to choose your agent, should you not agree to the agent chosen for the re-assignment.

How I Protect Your PI:

All employees, associated advisors, wholesale organizations and suppliers that are granted access to client records are required by law and regulation to keep this information protected and confidential and to use the information only for the purposes identified. I have established physical and systems safeguards, along with proper processes, to protect client information from unauthorized access or use. I do not sell your PI to anyone nor do I share your PI with organizations outside of my relationship with you that would use it to contact you about their products or services.

Your Privacy Choices:

You may withdraw your consent, which allows me to retain your PI on file, at any time (subject to legal or contractual obligations) by providing me with reasonable notice. Withdrawing your consent may prevent me from providing you with appropriate updates on products or services which may be in your best interests and/or fit into your long term financial plan.

Your Right to Complain:

You have the right to complain confidentially to me, to the insurer and to the Privacy Commissioner of Canada where you believe there has been a breach of your PI to an unauthorized party.

Client Consent:

Until advised otherwise, you have my consent to collect, use, share, disclose and retain my PI as described above.

Compliance with Canadian Anti-Spam Law and its regulations (CASL):

I consent to receive electronic communications from the Advisor about my insurance needs and coverage and information about products and services that might benefit me. I understand that I may withdraw my consent at any time.