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Financial Planning Process

Step 1 - Initial Meeting

This is a 60 to 90 minute meeting where the client can ask any questions they wish. As well, we complete a sixteen page questionnaire of information regarding the clients' current situation and future goals and objectives. There are no costs or obligations associated with this meeting.

Clients are encouraged to bring the following items to the initial meeting:

  • Most recent investment statements showing specific investments held in all RRSP / Non-registered / TFSA / RESP accounts *
  • Recent pay stubs or estimates of pay before and after deductions *
  • Most recent tax return *
  • Last 2 notices of assessment from the Canada Revenue Agency *
  • Approximate breakdown of current monthly expenditures (budget) *
  • Personal loan / line of credit statements *
  • Most recent mortgage statement *
  • Work insurance coverage details (booklet & statement of coverage)
  • Private insurance policies
  • CPP statement of contributions
  • Wills / Powers of attorney / Divorce / separation agreement / marriage contract

While many documents can be provided after the initial meeting it is best to bring as much information as possible. The key items are those with an * beside them.

By the end of the first meeting we can determine whether or not to proceed to the next step which will be the preparation of your personal financial plan. We spend approximately twelve to fifteen hours preparing your financial plan. The preparation of a financial plan is available exclusively for existing clients and the cost is included in our negotiated advisory fee.

Step 2 - Personal Financial Plan Presentation

Usually held 14-21 days after the initial meeting, this session lasts approximately 90 minutes. We will present and walk through the financial plan with you in detail, answering any questions you may have along the way. The plan is then yours to take home and review at your leisure. We encourage you to call if you have any questions or suggested modifications. When you have decided whether or not you wish to proceed with the plan (or a modified version), simply contact our office and we will take care of all the required paperwork.

Step 3 - Implementing Your Financial Plan

Should you decide to implement your plan, we will set up a time to meet to sign the required documents. Remember, we will prepare all the necessary paperwork to ensure a smooth and timely transfer of your investments and implementation of your plan.