Financial Planning
We start the planning process with a high level discussion about your current situation, short and long term goals and what your financial picture looks like now. We then ask you to provide as much information as possible about your income, assets, and debts so we can create a base point from which to measure forward progress from. Using industry leading planning tools, either Glen or Julie-Anne will work through each section with you to finish gathering pertinent information and plot out an initial plan.
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Your new plan, which will act like Google or Apple maps, will guide you as you make your way along the journey year after year. When changes happen and detours are made, the plan guides you back towards where you're aiming to arrive. Just like using a map app, your financial plan is constantly referenced and updated with new and current information. Inflation, interest rates, and taxes are all factored in to the best of our ability so as to be as accurate as possible.
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Investments
There are quite a few different types of investment accounts available to Canadians and the acronyms can be confusing sometimes. Our office works closely with you to determine which accounts are most appropriate for you given your income now and in the future. These different accounts are shown below. Click on each to see the purpose, terms and rules of each.
Then, within each account, there are lots of different holdings available. Some are interest bearing fixed-income (bond based mutual funds), some are growth focused equity (stock based mutual funds), and some are a blend of both ("balanced" mutual funds). We also utilize segregated funds which are investments available through the life insurance companies. The determination of which holdings are appropriate for you and your situation is achieved by working through a risk questionnaire together, discussing your tolerance for financial market movement and the time horizon until you think you'll need to withdraw some or all of your money.
Then, within each account, there are lots of different holdings available. Some are interest bearing fixed-income (bond based mutual funds), some are growth focused equity (stock based mutual funds), and some are a blend of both ("balanced" mutual funds). We also utilize segregated funds which are investments available through the life insurance companies. The determination of which holdings are appropriate for you and your situation is achieved by working through a risk questionnaire together, discussing your tolerance for financial market movement and the time horizon until you think you'll need to withdraw some or all of your money.
