Unbiased & Objective Financial Advisory
Prairie Wealth specializes in helping Canadians across the country create meaningful & impactful financial planning
"A goal without a plan is just a wish." — Antoine de Saint-Exupéry
What Financial Planning Implies
"Planning is bringing the future into the present so that you can do something about it now." — Alan Lakein
Planning Areas We Can Help
Investment Planning
Our Investment Planning service is designed to help you build a well-balanced portfolio tailored to your financial goals. We begin by reviewing the basics of investing, including the role of key asset classes such as stocks and bonds. From there, we analyze the historical performance of these assets to inform a diversified investment strategy. Through personalized guidance, we assess your current investments—such as those held at Nest Wealth—to ensure they align with your long-term objectives and risk tolerance, helping you stay on track toward financial success.
Tax Planning
Tax planning is a crucial part of ensuring that all aspects of your financial plan work together to minimize your overall tax liability, allowing your investments to grow faster. Canada has one of the highest tax rates in the world, making proper tax planning essential to saving potentially hundreds of thousands of dollars over your lifetime. Every step of your financial plan has tax implications, and we focus on addressing them with precision. In more complex situations, we collaborate with expert tax professionals to ensure you're not overpaying the government. Through careful planning, we help you navigate your tax strategy effectively, securing your financial future.
Tax planning is essential because it impacts your entire financial plan, ensuring that all aspects work cohesively to reduce your tax burden. Through strategic tax planning, you can save money by paying less in taxes, especially on capital gains and investment withdrawals. Additionally, effective tax management helps reduce liabilities and protect your assets, ensuring that you retain more of your investment growth while minimizing tax obligations, including estate taxes.
Retirement Planning
The retirement landscape is evolving quickly due to rising inflation and economic uncertainty. At Prairie Wealth, we believe that retirement should be a choice, not a necessity. Our goal is to prepare you for financial independence, so you have the freedom to pursue what you’re truly passionate about. When you love what you do, it no longer feels like work. Personally, I find great fulfillment in analyzing the stock market and helping my clients solve their financial planning challenges.
Estate Planning
You've worked hard to accumulate your wealth, but without effective planning, a substantial part of it could end up in taxes or legal fees if your documents aren’t properly prepared or your wishes are not clearly conveyed to your beneficiaries. As part of a comprehensive financial plan, it’s vital to ensure that your wealth is passed on to your loved ones or intended beneficiaries smoothly and with minimal tax burden. Estate planning is a continuous process that adapts to changes in your life, ensuring that your wishes are consistently reflected and carried out. We guide you through the key decisions on what to include in your Will and Power of Attorney (POA).
At Prairie Wealth, we guide you throughout the estate planning process, ensuring your estate strategy is seamlessly integrated with other areas of your financial plan. Since drafting estate planning documents falls under legal services, we collaborate with estate lawyers (with your consent) to prepare these documents, ensuring they are thorough and aligned with your wishes.
Insurance Planning
Insurance planning involves evaluating and managing potential risks by selecting appropriate insurance policies to mitigate potential losses. The goal is to provide financial protection and ensure that individuals, families, or businesses have sufficient coverage to meet their specific needs.
This process includes assessing potential risks and determining the necessary types of coverage, such as health, life, disability, auto, property, and liability insurance, among others. Beyond risk management, insurance also plays a crucial role in achieving long-term financial goals by safeguarding assets and income against unforeseen events.
Education Planning
College and university education costs are significant, and rising inflation will only make them more expensive in the future. Early planning can help ensure your children avoid the burden of student loans. The last thing you want is for your kids to face financial hardship due to overwhelming student debt. challenges.
How We Can Help
Integrated Financial Planning
We are committed to offering a cost-effective service for our comprehensive clients, ensuring that our pricing reflects the value of the time and effort we dedicate to your financial planning. We believe our fees are fair—and even quite reasonable—given the extensive support and expertise you receive throughout the process.
Given that we provide a high-touch service, meeting with our clients approximately every six weeks, we believe the study below does not fully capture the level of personalized, one-on-one attention we dedicate to each client. The close interaction and ongoing support we offer go beyond what is reflected in the study.
Segmented Financial Planning
Do you have a specific financial issue you’d like to address? Project-based planning focuses on resolving individual concerns with targeted, actionable recommendations to put your mind at ease. Examples of areas we can help with include:
- Investments & Asset Allocation Analysis – Assessing the tax efficiency of non-registered assets, optimizing asset allocation and portfolio risk management, ensuring savings go into the right tax structures, and evaluating the tax implications of various transactions.
- Personal Insurance Analysis – Reviewing life, disability, and critical illness coverage, group benefits, conducting an insurance needs analysis, and evaluating existing policies.
- Other Planning Areas – Planning for inheritance or lump-sum cash flow, reviewing estate plans, or assisting with cross-border financial transitions, such as moving from the US to Canada. Welcome to Canada!
Ad-Hoc Planning
Sometimes we need someone to hear the story. Prairie Wealth will be at your side when you need someone to hear your financial story
Prairie Wealth offers commitment-free consultations for individuals seeking expert advice on pressing financial questions. Here’s what you can expect:
- Hourly Personal Session with a Financial Planner
- Detailed feedback and advice on the specific topic you'd like to explore
- Affordable access to professional expertise with no long-term commitment
- Comprehensive summary notes and any follow-up materials provided after the meeting
"Planning is bringing the future into the present so that you can do something about it now." — Alan Lakein
About Us
Jahid Hassan, CFA, CFP
Jahid Hassan, CFA, is an Associate Financial Advisor with over 6 years of experience in wealth management, specializing in investment strategy, portfolio management, and financial analysis. Currently pursuing his MBA at the University of Calgary, Jahid has a deep understanding of asset allocation, retirement planning, and wealth management solutions tailored to high-net-worth individuals and institutional clients. His professional journey includes roles in top financial firms across Bangladesh and Canada, where he honed his skills in investment research, trading execution, and financial modeling. Beyond work, Jahid is an active volunteer with the CFA Society, a passionate advocate for financial literacy, and an avid soccer fan.
Momotaj Rahman
Momotaj Rahman is a licensed insurance professional with over 5 years of experience delivering personalized insurance solutions to individuals and businesses across Canada. Specializing in personal, commercial, and life insurance, she takes a consultative approach to help clients safeguard their assets with tailored coverage and clear advice.
Well-versed in the Canadian insurance landscape, Momotaj stays up-to-date on industry trends and regulations, ensuring her recommendations are relevant and competitive. Whether guiding families on home insurance, assisting individuals with life coverage, or helping businesses protect their assets, she simplifies the complexities of insurance while providing exceptional service.
Committed to continuous learning, Momotaj regularly attends industry seminars to keep clients informed of the latest policies and legislation. Her dedication to building trust and fostering long-term relationships ensures clients receive reliable support, whether selecting coverage or navigating claims. Treating every client like family, Momotaj prioritizes peace of mind in managing risk.
Voices of Our Happy Customers
We've worked with the Prairie Wealth team for a while and found them highly professional, prompt, and insightful. We highly recommend them.
Jahid genuinely has our best interests at heart, understanding our unique needs and keeping us informed at every step."
We have the utmost respect and confidence in the guidance and support provided by Prairie Wealth.
Exceptional advice covering every detail and option, paired with outstanding service and follow-up.
Frequently Asked Questions
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What is a financial planner?
No one has all the answers—not even us. That’s part of the challenge within the financial planning industry in this country. The term "financial planner" isn’t consistently regulated, allowing anyone—from mutual fund salespeople and insurance agents to fee-only, advice-only Certified Financial Planners (CFPs)—to use the title. Quebec is currently the only province requiring specific qualifications to call oneself a financial planner.
At its core, a financial planner is someone who helps clients navigate their personal finances. FP Canada, which regulates CFPs like us, defines a financial planner as “an appropriately qualified professional who can protect and enhance your financial and overall well-being, both now and in the future.”
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What is a fee-only financial planner?
Fee-only, advice-only financial planners provide comprehensive guidance, helping clients integrate all aspects of their financial lives without selling any products. In Canada, there are roughly 150 professionals offering this type of service, compared to 17,000 Certified Financial Planners and 300,000 financial advisors.
Only a small fraction are truly independent, offering purely advice with no product sales involved. An even smaller group has completed the rigorous educational path required to become Certified Financial Planners.
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Why work with a fee-only financial planner?
Fee-only, advice-only financial planning centers on bringing all aspects of personal finance together, making the client’s best interests the top priority in the advisor relationship. In this model, planners and their firms are paid solely by fees set with the client, with no hidden costs, external incentives, or kickbacks. This structure ensures that the planner is committed entirely to the client.
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What is a financial plan?
A financial plan is the foundation of a family’s journey toward financial independence. While saving and investing are essential components, they’re just the beginning.
A solid plan answers questions like: How much do you need to save weekly, monthly, and annually to retire by a specific age? How should those savings be allocated—toward debt repayment, an employer RRSP or pension plan, a personal or spousal RRSP, a children’s RESP, or a TFSA? These are just a few of the decisions to consider.
Your investment strategy is also crucial. Have you addressed factors such as asset allocation, product selection, tax efficiency, fees, estate planning implications, and performance? Do you know your options within the Canadian marketplace?
Tax efficiency is another key element—are you taking the best steps to minimize taxes for yourself or your family?
Above all, a strong financial plan accounts for unexpected events. If illness, injury, disability, or death were to occur, would your family’s financial security remain intact?
Ultimately, a financial plan is a long-term projection that tracks income, expenses, assets, and liabilities, showing how they’ll evolve year by year. It supports both short- and long-term decisions. Comprehensive yet flexible, it can include detailed figures for those who love the specifics and charts or graphs for more visual learners.
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What if I just have a few questions and don't need a full plan?
We also offer financial consultations that can address general financial concerns, questions or issues without delving into a full-blown retirement or financial plan with more in-depth analysis.
Areas of interest may include financial planning, retirement planning, investments, pensions, debt, budgeting, insurance, taxes or estate planning.
Financial consultations include some basic data collection from you in advance of a meeting, a meeting in-person or via phone or Skype, as well as our written recommendations so that you can then take action on your own.
If you decide after a consultation that you need or want a full retirement or financial plan, we offer a discount based on the initial data collection in that consultation.
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What services do you offer?
– fee-only, advice-only financial planning
– retirement planning
– investment strategy
– tax planning
– tax preparation (T1 personal tax returns in-house and T2 corporate tax returns outsourced)
– insurance needs
– estate planning
– financial planning for Canadian expats
– paraplanning (the planner’s planner – advisers outsource the preparation of financial plans and other services to specialists like us)
– financial planning for the business owners– other services as required
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Do you have any minimums?
We don’t have any minimum for our fee-only financial plan advice.
Our clients' net worth varies widely, from zero to several million dollars. Many of our clients have above-average wealth, and a significant number are high-net-worth investors. For those who aren’t there yet, they aim to be—and we’re committed to helping them reach or maintain that level.
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Do I need financial planning every year?
Financial planning is a continuous process for the betterment of your financial health in the future. Usually, our clients come back to us in each year to see if their plan is on the track. We value our clients believe on us. We respect them by offering a 50.0% discount to the regular service fee.
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What kind of questions can you help me answer?
- Retirement Planning
- How much do I need to save to retire at my target age?
- What should my monthly savings be to reach my retirement goals?
- What level of spending can I comfortably afford during retirement?
- How can I optimize my government benefits, like CPP and OAS?
- Which options are best for my defined benefit (DB) pension?
- Should I take a lump-sum payout or opt for a deferred monthly benefit from my pension?
- Is it better to save through an RRSP or a TFSA?
- When is the ideal time to start withdrawals from my RRSP?
- How can I split my income efficiently in retirement?
- What’s the best way to generate income in retirement?
- Investments
- What types of investment accounts are most suitable for me?
- How much should I allocate to each investment account?
- Should my savings be in my name or my spouse’s?
- What types of accounts should I open for my children?
- Are joint investment accounts a good option?
- Should I prioritize debt repayment or investing?
- What investment options are available for my corporation?
- Is buying a rental property a smart investment for me?
- How do I determine my risk tolerance?
- Is my asset allocation well-suited to my goals?
- Has my investment performance been better than the market average?
- Are my investment fees competitive and reasonable?
- Should I consider managing my own investments?
- Is my current investment advisor meeting my needs effectively?
- Tax Planning
- How can I reduce my tax bill today?
- How can I minimize taxes over the course of my life?
- What strategies allow me to split income with family members?
- How can I reduce taxes on my investment earnings?
- What’s the most tax-efficient way to fund my retirement?
- How can I reduce capital gains tax on my cottage?
- Should I choose a severance or opt for salary continuation?
- Is setting up a corporation beneficial for my situation?
- Should I pay myself a salary or take dividends from my corporation?
- Would establishing a holding company be advantageous?
- Should I consider creating a family trust?
- Can I issue shares of my business to my children?
- Should I wind up my corporation?
- How can I effectively plan for the sale of my business?
- Insurance
- Do I have adequate life insurance coverage?
- Is my type of life insurance appropriate for my needs?
- Should I have disability insurance?
- Is critical illness insurance necessary for me?
- Is health insurance a worthwhile investment?
- Should I consider canceling my current insurance policy?
- What kind of insurance do I need during retirement?
- Is it beneficial to buy insurance for my children?
- Estate Planning
- Do I need a will?
- What assets will be included in my will?
- Who should I name as beneficiaries?
- Are jointly owned assets a good idea for me?
- Should I transfer assets to my children now or later?
- How can I plan for the future of the family cottage?
- What steps should I take to plan for the family business?
- Is an estate freeze the right choice for my situation?
- Should I add my name to a parent’s bank account?
- How can I reduce probate fees?
- Do I need to consider U.S. estate tax?
- What does a power of attorney for property cover?
- What is a power of attorney for personal care?
- Should I set up a trust?
- How can I maximize my charitable contributions?
- Retirement Planning
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What is Shari'a-compliant investing?
Shari'a-compliant investing involves selecting investments that align with Islamic financial ethics, laws, and industry standards. This typically includes excluding certain conventional business sectors and evaluating remaining options to ensure they adhere to prescribed asset-to-debt ratios.
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How does an investment comply with shariah principles?
Shariah investment funds often engage an Islamic finance advisory board, comprising independent Islamic legal scholars, to ensure compliance. This board offers guidance and oversight on the adherence of financial products, services, and transactions to Shariah principles.
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What is considered Shariah-compliant?
Certain investments are prohibited ("haram") under Shariah principles due to their nature or business activities. For instance, the principle of "riba" forbids earning profits from interest-bearing investments, such as loans and traditional bonds.