Disclosures

What we do, and what we don't

Lucid provides financial planning and analysis. We do not provide discretionary investment management, and we do not provide legal, accounting, tax-filing, or audit services. Where a plan touches those areas, we coordinate with your own qualified professionals rather than replacing them.

The investment boundary: Lucid does not express opinions on the investment merits of specific securities or recommend buying or selling specific securities. We do not execute trades, hold client assets, or provide discretionary investment management. Investment-related work is limited to planning-level analysis of asset allocation, structure, concentration, risk, and cost.

Who provides the services

Financial planning services are provided by 1255467 B.C. Ltd., doing business as Lucid Financial Planning. The founder's professional credentials are described on the About page.

Where a client separately engages insurance implementation, that work is carried out by a person or firm holding a valid life insurance licence in the applicable province. The specific licensee, licence class, commission recipient, and any relationship with an MGA or insurance firm are disclosed in writing before implementation begins. You can verify licensing at any time through the Insurance Council of British Columbia's public licensee directory.

How we are compensated

Planning services are provided separately for flat fees, discussed and confirmed in writing before any work begins. Within a planning engagement, no products are sold and no commissions are earned.

If a client separately engages insurance implementation after planning is complete, that is a distinct engagement. Implementation carries a coordination fee of $5,000–$8,000, with the exact amount confirmed in writing in advance based on complexity; whether or not a policy is ultimately issued, that fee pays for the underwriting, medical-exam arrangements, and coordination with insurers that the work involves.

Once a policy is in force, the insurer may separately pay commission. Before implementation begins, we disclose in writing the expected commission amount or a reasonable range, the basis of calculation, and the related conflicts of interest; any material change is disclosed before the policy is placed.

The coordination fee and the commission are calculated separately and do not offset each other. Planning fees are never waived or credited in exchange for purchasing a product.

Conflicts of interest

Insurance commission is a real conflict of interest that requires active management: recommending insurance may generate commission, and different products, coverage amounts, or insurers can produce different compensation.

How we handle it: the expected commission amount or range and its basis of calculation are disclosed in writing before implementation begins; any contractual relationship with an MGA, insurer, or referral party — and any referral fees received or paid — is disclosed in writing as well; and you are entirely free to implement the insurance through another licensed advisor, which affects neither the completed plan nor the planning fee.

On independence: Lucid is not owned by any bank, insurer, or investment firm. The insurers available for implementation depend on licensing and market access, and do not necessarily represent every product in the market.

Cross-border work

Much of our planning involves families with ties to more than one jurisdiction. Our role is to analyze and coordinate the overall structure. We do not provide legal opinions or tax filings for any jurisdiction; those remain the domain of qualified local professionals, with whom we are glad to work.

Tools and illustrations

Calculators, simulators, and examples on this site are educational illustrations based on simplified assumptions. They do not constitute advice and do not guarantee any outcome. Strategies involving borrowing or insurance carry risk and are considered only after an individual suitability assessment. See the Website Terms of Use & Disclaimer.

Credential and licence verification

You can verify relevant credentials and licensing through public sources: CFP® certification and professional standards through FP Canada Standards Council, and British Columbia insurance licence class and status through the Insurance Council of British Columbia's licensee directory.

Questions

If anything here is unclear, we would rather you ask: lucinda@lucidfinancial.co.