Think about building a house. For it to become a beautiful home, there has to be a well thought out plan with logical steps that need to be coordinated by the general contractor who is over-seeing the project. First the foundation is laid (does it meet the specs required for the weight of the house?). Then the framing is done (do the load-bearing walls meet code?). Next the exterior is added, then the plumbing, electrical and drywall are completed. The subcontractors are all excellent at their respective trades, but the overall project needs to have clear direction from the master plan.
Your financial life is very much the same. You have different components such as retirement savings, mortgage payments, business investments and multiple insurance policies. In order for all these to come together like the trades in the building of a house, there needs to be direction from a master plan. Is your retirement savings adequate given your current age and projected life expectancy? Are your investments categories overlapping resulting in you paying too much tax? What happens to your retirement plans and investment portfolio if you get sick or injured?
We use a service that is 100% Canadian and kept constantly updated with the most current data from the province, the federal government and all taxation laws. The personalized advice we're able to provide using this tool allows us to help you grow your assets, lower debt, reduce taxes and relieve anxiety - so you can have confidence in your financial plan.
Whether you're putting away money for an emergency fund, the purchase of a new vehicle, a cottage on Lake Huron or for your retirement (in the future or enjoying it now), having a well diversified portfolio is key. In selecting your investments, you have a number of factors to consider including; prevailing interest rates, inflation and the dreaded taxes.
As representatives working through a solid and well established distributor, we're able to offer you access to all the best investment companies in Canada. Through names such as Fidelity, CI Investments, IA Clarington, Edgepoint, Invesco, Mackenzie and many others, we can construct a portfolio that is best suited for your risk tolerance and investment time frame.
A full range of account types are available depending on what your goals are. These include; Registered Retirement Savings Plans (RRSP), Registered Retirement Income Funds (RRIF), Registered Educational Savings Plans (RESP), Locked In Retirement Accounts (LIRA), Tax Free Savings Accounts (TFSA) and non-registered investment accounts.
We'll make recommendations on funds that have performed well in the past and have a long track record of excellent management. Although there is no guarantee of future performance, there are strategies that can be used to reduce your risk exposure to any one sector of the economy. Continual monthly contributions to your investments, regardless of market movements, gives you the benefit of purchasing more units when the value goes down and then enjoying the gains when the markets are going up.
(Mutual Funds provided through Equity Associates.)
There's very little sense in working hard and investing for the future if it can all be jeopardized in a moment by an injury or a serious illness.
If for any reason you're unable to perform your occupation and bring in income to provide for yourself and your family, there are excellent choices available to protect you. Disability policies provide a recurring stream of income so you can cover your household expenses while you're on the mend.
Critical Illness policies provide a large, one-time payout should you suffer from a heart attack, a stroke, cancer or any number of other ailments. The money can be used for whatever you want. Receive special medical treatment or go on the big vacation you've been putting off for years. The choice is yours - use the payout however it will benefit you and your loved ones.
Life policies protect those who are left behind and no longer have your income potential to rely on for living expenses. The lump sum payout from your insurance can be used to pay off the mortgage balance, setup a fully-funded education fund for your children, cover taxes due by your estate and/or invested by your loved ones to provide an income stream to live on in lieu of the money you used to earn.