Menu
The Planning Process
1. Intro Meeting
A quick meeting to find out if working together makes sense. The goal with this meeting is to get to know you, your situation, and what you’re looking for in a financial planning relationship. We then share how we work with our clients so you can leave this meeting knowing if we’re the right fit. Take a look at our FAQs.
2. In-Depth Goal Discovery
If you decide you’d like to move ahead with development of your financial plan we’ll have a meeting focused on your unique priorities and financial goals. Ultimately finances are a means to an end, this is our opportunity to understand what you’re trying to achieve.
3. Transparent Agreement
Now that we understand your financial goals we’ll prepare a financial planning engagement letter. This letter will details the topic areas specific to your planning needs, our respective responsibilities, and how we are compensated. This letter is mutually signed along with payment of the first half of the planning fee ($750 + HST).
4. Data Organization
We will gather all of the relevant documents to build your financial plan. This will help us understand where your finances are today so we can build out a vision of your future. Here is a sample data gathering checklist to provide an example of the financial information that may be requested
5. Analysis & Plan Development
Your information is thoroughly analyzed to find opportunities and determine strategies in alignment with your personal objectives. This analysis is translated into a measurable action plan.
6. Plan Presentation & Implementation
We will present your financial plan, going through each of the topic areas and planning recommendations. The goal of this meeting is for you to gain a full understanding of your current financial situation and how your financial plan will help you achieve your financial goals.
As part of our engagement we will provide support implementing your plan for 3 months after the plan is presented. The second half of the planning fee ($750 + HST) is paid upon the delivery of your planning document.
Service & Fees
Comprehensive Financial Planning
Advice only financial planning consists of a comprehensive review and analysis of your current financial situation, detailed personal recommendations, and most importantly – a measurable action plan to help you achieve your financial objectives with clarity and confidence.
Providing personalized advice requires a full understanding of your unique financial situation, opportunities and desired end goals. Most financial decisions have implications across multiple planning areas, and should not be considered in isolation.
Cash Flow & Debt Management
Risk Management
Employee Benefits
Investments
Retirement
Income Tax
Major Lifestyle Decisions
Education
Estate Planning
Cash Flow & Debt Management
Create a system to simplify your income and expenses, track your assets and liabilities, and develop a disciplined debt repayment strategy.
Risk Management
Set up an emergency fund and review risk mitigation tools such as life insurance to appropriately align them with your personal financial risks—without being sold products.
Employee Benefits
Understand the true benefits of your employment beyond compensation, including a full review of your employee benefits package, qualified retirement plans, deferred compensation, and group insurance options.
Investments
Align your investments with your goals and view your accounts as part of a ‘total portfolio.’ Asset allocation, risk and return measures, investment costs, risk capacity, risk tolerance, and the investment time horizon for your savings objectives are considered in detail.
Retirement
Develop a personalized order of operations for tax-efficient accumulation and income distribution strategies, including plans for government and employment pensions and even corporate roll up strategies.
Income Tax
Reveal forward-looking, tax-efficient opportunities within your financial ecosystem such as spousal RRSPs, TFSAs, tax loss harvesting, deductions and credits, taxable income control, and asset location.
Major Lifestyle Decisions
Look around the corner and plan ahead for career transitions, major purchases, financing, gifting and inheritance, marriage, new children, and aging parents. As life happens, it is important to be proactive rather than reactive.
Education
Calculate and plan for education costs, maximizing education grants via RESPs and student loan repayment strategies.
Estate Planning
Make an intentional plan to support for family legacy by reviewing your account titling, beneficiary designations and powers of attorney to ensure it aligns with the goals in your will, or provides for your spouse and kids in the event of a family emergency.
Planning Fees
New financial planning clients begin with a comprehensive planning engagement, at a flat fee of $1,500 per household. Half the cost ($750 + HST) is due upon signing the formal engagement letter and the other half ($750 + HST) is due upon the presentation of the financial plan. Please see the planning process page for more information about each step throughout the financial planning process.
Ready to Begin?
The first call is free to see if we might be a good match for you and your financial goals