Your Questions Answered

After careful consideration and due diligence, we have chosen to transition to independence to offer additional services that will help our clients better navigate the rapidly changing world of finance and investment. Cana Wealth Management now has greater control over our services and access to a broader range of research, products, and solutions. We wholeheartedly believe this will enhance our team’s ability to provide industry-leading planning, investing, and advice, in turn allowing us to help you achieve the most fulfilling retirement possible.

Your assets will continue to be held at Fidelity Investments, one of the most respected, financially sound, and diversified financial companies in the United States. Fidelity’s Clearing & Custody Solutions ® works with nearly 10,000 advisory firms and brokers across the country, and oversees $2.1 trillion in assets under administration and $8.3 trillion in total customer assets (as of December 31, 2019). Both investment professionals and individual investors highly regard its innovative technology, platforms, and investment solutions.

We have full access to Fidelity’s best-in-class research, concierge service for optimal trading execution, and open architecture for investment selection. We are excited to partner with this outstanding company to serve as custodian for the safeguarding of our clients’ assets. As an affiliated independent advisor, we will continually evaluate our partnerships to ensure the best platforms are always available to our clients.

Our fee structure will shift from a cliff (all managed assets are assessed the same fee rate) to a tiered structure (each tier of assets is assessed a different rate, and the total fee is a weighted average of those rates) to align with industry norms. Our fees will be as follows:

The 1st $500,000……………………1.5%
$500,001-1,000,000…………………0.8%
$1,000,001-2,500,000………………0.7%
$2,500,001-5,000,000………………0.6%
$5,000,001-10,000,000……………..0.5%
$10,000,00+……………………………0.4%

Depending on asset level, some will see a modest increase, while others will see a modest decrease.

Our team will gather and confirm basic information and prepare electronic paperwork to transfer all your current holdings in-kind to the new firm. Please review, sign electronically, and return the documents to us so we can continue to serve you without interruption. If it is easier for you to come to the office to sign, we can schedule a time as well.

We will help you get set up with online access, elect paperless service if desired, and officially welcome you to the independent Cana Wealth Management.

We will also meet to update your financial plan and help you aggregate assets for an easy, all-inclusive view of your balance sheet.

We see this shift as very positive. Our relationship and the advice we provide will share commonalities as we strive to help you keep your life in balance. However, this change will entail several benefits for clients.  We will incorporate additional investment options, such as alternatives, and by incorporating additional investment options we can aim for a stronger risk-return balance.

Further, we are excited to begin offering new planning tools that will enable more detailed analysis in areas such as tax and estate.
Lastly, we plan to integrate additional services, such as tax return preparation and estate document preparation through partnerships with external providers, and aim to simplify our clients’ lives.

We know that your needs are complex and your time is limited. We care deeply that our planning can meet the full range of your concerns and financial needs. Ultimately, we are now better positioned to address your unique circumstances and ensure your wealth serves as a support system that enables you to live your life by design.

CWM now operates as a fee-only, independent wealth management firm. As an independent fee-only firm, we have the flexibility to select tools and services most appropriate for the specific types of clients our team serves. Furthermore, CWM will not receive any commissions or have any firm requirements to offer any quantity or type of financial product, thus eliminating that conflict of interest. Independence means that we can offer a broader range of investment solutions and services to address your specific needs.

Our team will set up access at CanaWealthManagement.com. There, you will be able to view all your accounts. With this new online functionality, we will be able to interact more seamlessly and collaborate on any financial issues. Further, we will be able to assist with more common tech help issues such as password resets.

Our two locations and phone number will remain.

Primary Valparaiso Office
57 Franklin, Suite 207
Valparaiso, IN 46383

Lake Country Office
8585 Broadway, Suite 490
Merrillville, IN 46410

(219) 462-1411

info@canawealthmanagement.com

Insurance is part of risk management planning, and our priority will always be doing what is in your best interest. We will continue to provide all-inclusive advice for your financial needs, including insurance for risk management planning.

We are excited that, with our transition to independence, you can continue to hold your insurance policies. We look forward to helping you coordinate with your third-party advisors to help to service your outside held insurance contracts.

It has been a pleasure to work with you.  Feel free to connect to ask any additional questions you may have and ensure a smooth account opening process. We recognize that completing new paperwork and familiarizing yourself with a new website can create some work on your part. Our team is ready to make the transition as seamless as possible.

We look forward to the opportunity to continue working with you and helping you achieve your financial goals.

Jesus began his public ministry in Galilee and three days later blessed the wedding at Cana with his first miracle, confirming the truth of His witness. There are many remarkable things about that miracle. One aspect resonated with us as we thought about the work we do with our clients. The guests were all surprised to find that the host had saved the best wine for last. It is our hope that we can help to receive your retirement with similar joy. It is also a reminder to us all that the best is yet to come.