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the financial advisor process

learn more about the steps in financial planning

A Comprehensive and Integrated Plan to Address Your Financial Goals

We are very proud of the thought and planning that has gone into building the financial planning and investment management practice that you have always wanted. 

The chart below describes in a detailed visual format of the financial advisor process. How we work with you to define your goals, identify the financial planning topics you need help with, outline our investment management process, explain how we will communicate with you and our approach to fees.  

Our commitment to quality and how we care about your goals is shown in our unmatched attention to detail and methodical approach to your finances.

Step 1: Exploration

Initially, we will meet with you or schedule a call to introduce ourselves, learn about you and introduce you to our services.  This first contact is complimentary and will determine if there is a fit between your needs and wants and our service standards. 

If we agree to work together, we will send you an engagement letter that outlines the services and fees.   An engagement letter is our symbol of accountability, focus and transparency. 

Step 2: Financial Planning

Over several meetings, we will identify areas of your finances that need to be dealt with and tackle each topic on a prioritized basis.  Whether we build your RRSP portfolio, review your life insurance coverage, prepare a retirement plan or help get your Will prepared. All of our advice will be integrated with all other planning areas and based on your goals.  

Our “big picture” approach to the financial planning process links all of your planning areas together to give you a sound, cohesive approach to your finances.

Step 3: Investment Advisory Phase

We believe you need a financial plan and your financial goals defined before we deal with your investments.  Our investment advisory process is a six-step process that integrates your goals and your financial plan with your risk profile. 

We are able to offer a wide variety of investment products from around the world and we will work with you to build a portfolio that is tax-smart, value priced and risk managed.  

Once the portfolio has been completed, we will stay in the picture to monitor products and report to you.  Lastly, as you age and change we will adapt the plan to reflect your changing needs.  

Step 4: Communicating With You

We have customized our communication approach to give clients what they want and when they want it.  We work with you to offer meetings, calls, emails and more on a basis you prefer. This can include meetings at your home, communication several times a year and detailed analysis sent to your phone.

Step 5: Advisory Fees

We may be the only wealth management practice in Canada that offers five fee options.  That’s because we believe everyone is different and we are committed to finding the right value proposition for you. 

We will review all five fee options with you each year to determine whether the current approach continues to be best for you. 

Step 6: Staying On Plan Over Time

As you age, change or face life events like retirement, health issues and more it is imperative that we keep your financial plan and investment portfolio up to date.  We will always stay in touch with you, offering meetings, calls and more to understand what is new and to brief you on results. 

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