BDM FAQ - Health and Fitness Partners

Frequently Asked Questions

CategoryPotential QuestionsUpdated Response
Understanding IFSGWhat is IFSG, and how does it align with health and fitness businesses?

✔ IFSG provides financial solutions and resources (FS&R) to help health and fitness businesses protect their revenue, staff, and clients through insurance, investment, and financial planning.

✔ Our services align with business protection, wealth-building, and employee wellness, ensuring long-term stability for business owners.

Benefits of PartnershipWhat are the benefits of partnering with IFSG?

✔ Enhance client retention by offering financial solutions that align with overall wellness and long-term security.
✔ Strengthen business stability by protecting against financial risks like liability, key personnel loss, or revenue disruptions.
✔ Increase revenue through commission-based referrals or alternative compensation options.

For Licensed Health & Fitness Business Owners:
✔ Licensed professionals sponsored by IFSG are eligible for full commission on referrals.
✔ Licensed business owners who are not sponsored by IFSG qualify for a starting commission split of 20% of the First Year Commission (FYC).

For Non-Licensed Health & Fitness Business Owners:✔ Cannot split commissions with IFSG due to regulatory restrictions.
✔ Instead, IFSG can contribute to their marketing campaigns as a form of compensation for client referrals.
✔ IFSG can also donate to a nonprofit organization of their choice or to the nonprofit organizations supported by IFSG on their behalf.

Terms of PartnershipWhat are the terms of the partnership agreement?

✔ The partnership is flexible, non-exclusive, and commission-based, with no upfront costs.For Licensed Health & Fitness Business Owners:
✔ Licensed professionals sponsored by IFSG are eligible to receive commission splits on referrals.
✔ An agreement form will outline the responsibilities of both IFSG and the business partner.
✔ The agreement includes guidelines on ethical behavior, ensuring mutual respect and professionalism.
✔ Business partners are expected to assist in promoting IFSG’s benefits and services.
✔ The agreement also details extension and termination conditions for transparency.

For Non-Licensed Health & Fitness Business Owners:
✔ Non-licensed professionals are not eligible for commission splits due to regulatory restrictions.
✔ Instead, IFSG offers alternative compensation through: • Marketing bonuses to support their business growth. • Donations to a nonprofit organization of their choice or one supported by IFSG, made on their behalf.
✔ The partnership is designed to be seamless and simple, ensuring easy integration into existing services.

Training & SupportWhat support does IFSG provide to health and fitness business partners?✔ No training required—we keep the process simple and seamless.
✔ IFSG provides guidelines to clarify the partnership.
✔ Partners only need to introduce IFSG to their clients—no additional effort is required.
✔ IFSG provides all necessary information resources directly to clients.
✔ We ensure minimal disruption to existing operations, making integration hassle-free.
CategoryPotential QuestionsUpdated Response
Why Partner with IFSG?How does IFSG help health and fitness businesses take their client care to the next level?✔ By offering FS&R, businesses enhance their reputation as wellness providers who also care about their clients’ financial well-being.✔ IFSG helps protect businesses, employees, and clients with customized financial strategies, strengthening long-term relationships.
Risk ProtectionHow can IFSG help health and fitness businesses manage financial risks?✔ We provide business insurance, key person coverage, liability protection, and employee benefits to protect against unexpected events like injuries, lawsuits, or revenue loss.
Revenue Growth & RetentionCan IFSG help my business generate more revenue and retain clients?✔ Yes! Offering financial protection and planning services creates an additional revenue stream.✔ Improved client retention by providing value-added services that ensure long-term financial wellness for business owners and their clients.
CategoryPotential QuestionsUpdated Response
Business & Employee ProtectionWhat financial solutions does IFSG offer for business owners and staff?✔ IFSG-provided solutions: • Life Insurance for Business Owners • Key Person Insurance • Income Protection Plans for Critical Illness • Mortgage Insurance • Travel Insurance • Annuities for Retirement Planning✔ Additional solutions through our partners: • Business Liability Insurance • General Business Insurance • Home & Auto Insurance
Employee BenefitsCan IFSG help my business set up employee benefits?✔ Through IFSG and our partners, businesses can set up: • Group Health Benefits • Retirement Savings Plans (RRSP, TFSA, RESP options) • Employee Financial Wellness Programs
Client Financial WellnessCan IFSG help my clients with financial planning?✔ IFSG provides financial literacy programs, investment solutions, and insurance options to help clients achieve long-term financial security.
CategoryPotential QuestionsUpdated Response
Regulatory ComplianceHow does IFSG ensure compliance with financial regulations?✔ IFSG strictly adheres to Canadian financial laws and industry regulations, ensuring all FS&R are compliant and trustworthy.
Client Data ProtectionHow does IFSG protect client information?✔ Client data is encrypted and securely stored in compliance with Canadian privacy laws, ensuring confidentiality and trust.
Revenue & Commission TransparencyHow is revenue and commission calculated for referrals?✔ Revenue and commissions are based on successful client sign-ups, with clear monthly reporting and automated payout systems for transparency.
CategoryPotential QuestionsUpdated Response
Client Engagement ToolsWhat marketing and educational tools does IFSG provide?✔ IFSG offers co-branded marketing materials, client engagement tools, and financial education resources to help health and fitness businesses introduce FS&R to their clients.
Referral Process & Business GrowthWill this partnership help me get more clients?✔ Yes! Providing financial wellness solutions improves client retention and increases referrals.
National & International ReachIs this partnership available to health and fitness businesses across Canada?✔ Yes, IFSG operates nationwide, ensuring all business owners can access FS&R.
Partnership Overview
CategoryPotential QuestionsUpdated Response
Understanding IFSGWhat is IFSG, and how does it align with health and fitness businesses?

✔ IFSG provides financial solutions and resources (FS&R) to help health and fitness businesses protect their revenue, staff, and clients through insurance, investment, and financial planning.

✔ Our services align with business protection, wealth-building, and employee wellness, ensuring long-term stability for business owners.

Benefits of PartnershipWhat are the benefits of partnering with IFSG?

✔ Enhance client retention by offering financial solutions that align with overall wellness and long-term security.
✔ Strengthen business stability by protecting against financial risks like liability, key personnel loss, or revenue disruptions.
✔ Increase revenue through commission-based referrals or alternative compensation options.

For Licensed Health & Fitness Business Owners:
✔ Licensed professionals sponsored by IFSG are eligible for full commission on referrals.
✔ Licensed business owners who are not sponsored by IFSG qualify for a starting commission split of 20% of the First Year Commission (FYC).

For Non-Licensed Health & Fitness Business Owners:✔ Cannot split commissions with IFSG due to regulatory restrictions.
✔ Instead, IFSG can contribute to their marketing campaigns as a form of compensation for client referrals.
✔ IFSG can also donate to a nonprofit organization of their choice or to the nonprofit organizations supported by IFSG on their behalf.

Terms of PartnershipWhat are the terms of the partnership agreement?

✔ The partnership is flexible, non-exclusive, and commission-based, with no upfront costs.For Licensed Health & Fitness Business Owners:
✔ Licensed professionals sponsored by IFSG are eligible to receive commission splits on referrals.
✔ An agreement form will outline the responsibilities of both IFSG and the business partner.
✔ The agreement includes guidelines on ethical behavior, ensuring mutual respect and professionalism.
✔ Business partners are expected to assist in promoting IFSG’s benefits and services.
✔ The agreement also details extension and termination conditions for transparency.

For Non-Licensed Health & Fitness Business Owners:
✔ Non-licensed professionals are not eligible for commission splits due to regulatory restrictions.
✔ Instead, IFSG offers alternative compensation through: • Marketing bonuses to support their business growth. • Donations to a nonprofit organization of their choice or one supported by IFSG, made on their behalf.
✔ The partnership is designed to be seamless and simple, ensuring easy integration into existing services.

Training & SupportWhat support does IFSG provide to health and fitness business partners?✔ No training required—we keep the process simple and seamless.
✔ IFSG provides guidelines to clarify the partnership.
✔ Partners only need to introduce IFSG to their clients—no additional effort is required.
✔ IFSG provides all necessary information resources directly to clients.
✔ We ensure minimal disruption to existing operations, making integration hassle-free.
Enhancing Business Protection & Client Success
CategoryPotential QuestionsUpdated Response
Why Partner with IFSG?How does IFSG help health and fitness businesses take their client care to the next level?✔ By offering FS&R, businesses enhance their reputation as wellness providers who also care about their clients’ financial well-being.✔ IFSG helps protect businesses, employees, and clients with customized financial strategies, strengthening long-term relationships.
Risk ProtectionHow can IFSG help health and fitness businesses manage financial risks?✔ We provide business insurance, key person coverage, liability protection, and employee benefits to protect against unexpected events like injuries, lawsuits, or revenue loss.
Revenue Growth & RetentionCan IFSG help my business generate more revenue and retain clients?✔ Yes! Offering financial protection and planning services creates an additional revenue stream.✔ Improved client retention by providing value-added services that ensure long-term financial wellness for business owners and their clients.
FS&R Solutions for Health & Fitness Businesses & Clients
CategoryPotential QuestionsUpdated Response
Business & Employee ProtectionWhat financial solutions does IFSG offer for business owners and staff?✔ IFSG-provided solutions: • Life Insurance for Business Owners • Key Person Insurance • Income Protection Plans for Critical Illness • Mortgage Insurance • Travel Insurance • Annuities for Retirement Planning✔ Additional solutions through our partners: • Business Liability Insurance • General Business Insurance • Home & Auto Insurance
Employee BenefitsCan IFSG help my business set up employee benefits?✔ Through IFSG and our partners, businesses can set up: • Group Health Benefits • Retirement Savings Plans (RRSP, TFSA, RESP options) • Employee Financial Wellness Programs
Client Financial WellnessCan IFSG help my clients with financial planning?✔ IFSG provides financial literacy programs, investment solutions, and insurance options to help clients achieve long-term financial security.
Compliance & Transparency
CategoryPotential QuestionsUpdated Response
Regulatory ComplianceHow does IFSG ensure compliance with financial regulations?✔ IFSG strictly adheres to Canadian financial laws and industry regulations, ensuring all FS&R are compliant and trustworthy.
Client Data ProtectionHow does IFSG protect client information?✔ Client data is encrypted and securely stored in compliance with Canadian privacy laws, ensuring confidentiality and trust.
Revenue & Commission TransparencyHow is revenue and commission calculated for referrals?✔ Revenue and commissions are based on successful client sign-ups, with clear monthly reporting and automated payout systems for transparency.
Marketing & Business Growth
CategoryPotential QuestionsUpdated Response
Client Engagement ToolsWhat marketing and educational tools does IFSG provide?✔ IFSG offers co-branded marketing materials, client engagement tools, and financial education resources to help health and fitness businesses introduce FS&R to their clients.
Referral Process & Business GrowthWill this partnership help me get more clients?✔ Yes! Providing financial wellness solutions improves client retention and increases referrals.
National & International ReachIs this partnership available to health and fitness businesses across Canada?✔ Yes, IFSG operates nationwide, ensuring all business owners can access FS&R.

Why This Update Matters

Footnote for Tables:

Definition of Licensed Business Partners:

When we refer to licensed business partners, we mean individuals or businesses that hold a valid financial advisor license and are authorized to provide financial solutions. This includes, but is not limited to:
Non-licensed business partners may still participate in the partnership but are subject to regulatory limitations, including restrictions on commission splits. Alternative compensation methods, such as marketing bonuses or nonprofit donations, are available for non-licensed partners.
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