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Our Goals
Our
main goal is to become the Steward of you and your family's well being.
We will identify your unique priorities and objectives in order to
fully understand your needs and concerns. It is much more than
examining cash
flow and networth statements. It is truly about understanding what
money really means to you, what your core values are, your aversion to
risk, as well as your financial and life priorities. In addition, it is
about knowing what family and medical
concerns you harbour, and what your various stages of life may look
like.
| To
us, financial planning is a lot more than figures; it's about dreams
and the peace of mind that comes from knowing that they are not only
achievable,
but sustainable. |
Our Values
First
and foremost we are in the trust business. We have a fiduciary
responsibility to put your needs first. We work hard to earn your trust and then nurture it by:
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Offering honest, straightforward and independent advice
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Complete independence and total accountability to you, our client
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Assuring easy access not only to information, but to us
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Full disclosure in all of our dealings
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Tailoring our service to your specific requirements
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Substantiating our recommendations, actions and these statements in
writing
- Creating
an environment that will foster respect, honour, dignity
and pride for our clients and team members
Our Mission
"Achieving excellence in the creation,
management and preservation of your net worth."©
Although much
easier said than done, we do accomplish this through our
constant efforts
in challenging ourselves to exceed our clients' expectations, not
accepting mediocrity, and by fostering open relationships. We live our
mission by providing solid financial strength, creative and
innovative solutions, hands-on participation and unparalleled service... just ask our clients.
Our Clients
Our
services are of greatest value to those professionals and business
owners who understand that they have a need to secure their financial
future, and who desire a long-term relationship with a competent,
independent financial professional who serves as a guide through the maze
of options in addressing those needs. They must also cherish the
importance of trust, honour and mutual respect within a business
relationship. Since our firm's practice is based on these principles
and beliefs, not on portfolio size, we do not have a minimum financial
requirement, however many of our clients come to us with a significant
networth and initial investable assets of at least one hundred and
fifty thousand dollars.
A Fact
We
are very proud that we have virtually a 100% retention rate within our
client base and that most new clients come to us by a personal referral.
Who is
Victor Didkowsky CFP, CSA?
Victor
founded Networth Asset Management Inc. in 1994 and is currently the
senior financial planner and managing partner of the practice. He is
married to Wilma and has a twenty-eight year old son, Tylor.
Having
grown up in a family business environment and then having spent more
than thirty years in the private and corporate business
arenas,  Victor
brings a wealth of experience and knowledge, as well as a unique
perspective to his clients. "What I really do is manage the psychology
of money, balance human wants and needs, facilitate the realization of
dreams and deliver the peace of mind that comes from knowing that they
are not only achievable but sustainable."
Professionally,
he is a practitioner member of the Canadian Association of Financial
Planners (C.A.F.P.), and the Financial Advisors Association (Advocis). Victor
is also a member in
good standing of The Financial Planner Standards Council (F.P.S.C.). In
addition to being an accredited Certified Financial Planner (CFP), he
is
also one of a select few advisors who have earned the designation of
a Certified Senior Advisor (CSA), with a specialization in
the planning and wealth management needs of those over 50 years of
age. Over the years, Victor has taken
an active role as a board member of The Canadian Association of
Family Enterprise (C.A.F.E), which deals with the unique needs and
workings of families in business. Other board involvements have included acting as
Treasurer for the Southern Alberta Round Table of the
Canadian Association of Gift Planners (C.A.G.P.), which focuses on
charitable giving, Public Relations Chair for the Canadian
Association of Financial Planners (C.A.F.P.), and Finance Chair
of the Southern Alberta Institute of Technology (S.A.I.T.) Alumni
Association. Recently, Victor chaired the Grant Committee for Social
Venture Partners and was a member of the Board. SVP is a group of
engaged philanthropists who give not only their money, but also their
time, leadership and active personal involvement to the organizations
they financially support. He has also had the distinction of
being the only fully recognized male member of
the Business and Professional Women Club, an international organization
with a seat on the U.N., which promotes the status of women. In
addition, he has served on numerous committees and has participated in
other
non-industry related organizations. For the past decade, Victor has consistently been recognized by his
licensing dealership, Worldsource Financial Services Inc., as one of
their top practitioners, nation-wide. In addition to sitting on their
advisory council, Victor, in partnership with Worldsource, has been the
visionary force behind such innovative, industry leading developments
as the 'True Invested' Portfolio Report. Recently he was recognized as an 'Advisor of Distinction' by his colleagues and the industry.
Victor's
bottom line is that by helping his clients gain insight into their own
consciousness and clarifying their own values, he believes that he has
made a difference to people seeking a more principled, collaborative
and truly fulfilled life. "I see this as a privilege and a most rewarding
calling which, when in process, could be looked at as a multi-faceted
art form.”
Victor
is committed to continuously raising the bar of excellence while living
within his core values of integrity, honour and honesty.
Why did
Victor create Networth Asset Management?
The
main driving forces behind why Victor formed Networth Asset Management Inc.
are:
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To create a professional environment that would foster long-term,
quality relationships derived from mutual trust and respect.
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To have an organization that continuously strives for excellence by
breaking through the glass ceiling which prevents each of us from
reaching our true potential.
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To offer unbiased, client driven solutions which make sense within that
individual's specific financial framework and not those solutions that are
externally motivated.
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To continuously pursue the "wow factor" in everything we do. We do not
strive to be the biggest, attempting to serve the needs of the many;
instead, we only wish to be the very best and cater to the needs of a
select few who truly appreciate the value we bring to their lives.
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To build a small team of high quality professionals who have
the same vision and who share the same honour and morals upon which our firm's
foundation has been built.
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To allow for growth and creativity for our team members, firm and
cherished clients.
For
all of us at Networth, our goal is to be able to
give much more than we receive. Thus, we end up achieving one
of our basic principles, that is, for anything to be successful in
life it must be based on a win-win philosophy. Otherwise you
shouldn't do it. Sleeping well at night is very important.
Last,
but certainly not least, is the knowledge that every day we have
brought our clients one step closer to the fulfillment of their dreams.
What
you should expect as our client
1.
Customized unbiased service - we offer you independent advice,
customized to your specific goals. This is achieved through an
understanding of your financial and non-financial needs and the
development of a reciprocal, long-term relationship based on trust.
2. Financial and Life Plan- our relationship with our clients
starts with the development of a comprehensive plan to
achieve their long-term financial goals. As part of this plan, we cover
usual basics like
investment, risk management, and tax and estate planning. We then take
it further and talk about things that are really important to you.
Remember, money is no more than the means to an end and in and of itself,
has very little value.
3. Comprehensive service - we
take on
the role of Steward. In this role, we coordinate the activities of
existing professional advisors such as tax
accountants and lawyers,
trust practioners, personal/business coaches and fitness counselors. If required, we also tap into our own network of
advisors.
4. Long-term growth within your risk tolerance - our firm's investment
philosophy is essentially conservative in nature. Operating within each
client's risk profile, all investment portfolios are structured to
achieve long-term growth without undue risk. As a result, both of us can sleep soundly at night.
5. Risk Management - our life philosophy is to be cash rich, not insurance rich,
however the Canada Revenue Agency offers some very tax favoured opportunities
which, in certain cases, may prove to be advantageous.
6.
Tax planning and minimization - this is a key component of each
financial plan for most clients. As part of the overall plan,
strategies such as income splitting, individual pension plans, retirement compensation arrangements, prudent use of leverage,
incorporation, family trusts and various tax deferred or tax exempt alternatives are evaluated.
7.
Regular performance summaries - you will
receive a summary of
performance based on your specific reporting requirements, either in
paper format or electronically and at any time you can view your holdings
online through our secure web portal. The
information is clearly presented. In addition, the format of the report
is reviewed with you at the outset of the relationship to
minimize confusion or misunderstanding about how to read the results.
8.
Investment planning - we do not subscribe to market timing, however
your various holdings are monitored on an ongoing basis in order to
take advantage of opportunities created by changing market circumstances so we can crystallize profits.
9.
Accessibility - our entire team makes itself accessible to you. All telephone calls are returned the same business
day.
10.
Communication and resources - we believe that our best client is
one who is fully informed. As a result, we have a strong commitment to
client communication
through a regular newsletter, articles, our website and round
table meetings. In addition, we maintain a library of some of the very
best books and tapes on personal finance and personal development,
available for loan.
Now,
What We Are Not
Since
we have gone into great length to communicate who we are and what we
do, let's now look at what we aren't and what we do not do:
We Are Not:
- Stock
Brokers
- Product
Peddlers
- Commission
Driven
- Captive
Sales People
We
Do Not:
- Recommend
High Risk Holdings
- Structure
Highly Volatile Portfolios
- Time
the Market
-
Put all the Eggs in One Basket
- Chase
Hot Trends
- Speculate
with your Wealth
No
one has a magical crystal ball, but by balancing human wants and needs,
facilitating the realization of dreams and delivering the peace of mind
that comes in knowing that your dreams are not only achievable but
sustainable, we consistently live out our mission statement.
"Achieving
excellence in the creation, management and preservation of your net
worth."©
'True Invested Reports' -
an Industry first !
It seems
simple . . . just tell me how much
new money I have invested, show me what I've taken out, and
remove the 'noise' of money moving around, so you can show me what real
gains (or losses)
I have realized. Having access to this type of information enables
you to make informed decisions regarding your portfolio and your
future.
In
partnership with Worldsource Financial Management, we are very pleased
to have developed the ‘True Invested Report' which shows you how much
‘real’ money you have contributed to date. It offers a much
clearer picture of actual invested dollars versus the market value of
your portfolio, than most current financial statements allow. Utilizing formulas that automatically and electronically
sort various transaction types in order to include just the ones that
are 'new' money in, or money flowing out, this report delivers the information you want and need. Now, in a clear, consise, and easy to follow numerical and graphical format, you can view the
growth of your portfolio on a quarterly, year to date and
since inception basis, at both the individual, and household levels. Please click on 'True Invested' to view a sample of this unique and informative report.
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