Karen Erickson CFP, RRC & Kayla Caruana BBA, CFP, RRC- IG Private Wealth Management
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Karen Erickson CFP, RRC & Kayla Caruana BBA, CFP, RRC- IG Private Wealth ManagementKelowna, BCKaren Erickson and Kayla Caruana are certified financial planners in Kelowna, BC, providing personalized wealth management services. With a perfect 5-star rating from 92 clients, they deliver trusted financial guidance and planning solutions.
Additional Information
Karen Erickson & Kayla Caruana Private Wealth Management provides holistic financial planning for retired high-net-worth individuals, families, and snowbirds, specializing in tax-efficient retirement strategies, estate planning, and investment management. The practice is led by two CFP® professionals offering a relationship-focused, coordinated approach that integrates tax, estate, and investment planning.
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Serving Kelowna, Lake Country, Okanagan, British Columbia, Alberta +2 more
Additional information extracted from the firm's public website. Last updated: August 6, 2026
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Claim This ListingFrequently Asked Questions
How much does a financial advisor cost in Kelowna?
Fee-only advisors charge $150-$350/hour or $1,500-$5,000 for a comprehensive plan. Commission-based advisors earn from product sales (no direct cost to you, but potential conflicts). Fee-based advisors combine both. AUM (assets under management) fees are typically 1-1.5% annually.
What's the difference between a financial advisor and a financial planner?
A financial planner creates comprehensive plans covering all aspects of your finances. A financial advisor may focus on investment management specifically. In Canada, look for the CFP (Certified Financial Planner) designation for comprehensive planning, or CFA for investment expertise.
When should I hire a financial advisor?
Consider an advisor when: you have $50K+ in investable assets, approaching major life changes (marriage, kids, divorce, retirement), inheriting money, starting a business, or you simply don't have time to manage your finances. The earlier you start, the more compound growth works for you.
How do I verify a financial advisor's credentials?
Check FP Canada's registry for CFP holders, CFA Institute for CFA charterholders, and your provincial securities commission for registered advisors. Ask about their registration category, compensation model, and any disciplinary history. All registered advisors must disclose this information.
What should I ask a financial advisor at the first meeting?
Ask: How are you compensated? What are your qualifications/designations? What's your investment philosophy? How often will we meet? What's your typical client profile? Can you provide references? Do you have a fiduciary duty to me? A good advisor welcomes these questions.