Services
Financial Planning
Working with individuals, families and business owners in helping them accumulate, grow, preserve and transition wealth tax efficiently so as to experience the most from their wealth.
Financial Planning is an all-encompassing comprehensive process that includes several components such as:
- Cash Flow & Debt Management
- Investment Planning
- Retirement Planning
- Insurance Planning
- Estate Planning
- Tax Planning
- Advanced Planning (i.e. special needs, adult-dependent needs, education needs)
The term Financial Planning has been broadly and loosely applied to a wide range of advisory services and financial product sales efforts. We use the definition established by the Financial Planning Standards Council (FPSC), the foremost authority for the financial planning profession in Canada that licenses the CFP marks.
Financial planning is a SIX STEP process that determines how you can best meet your life goals through the proper management of your financial affairs. The financial planning process for Certified Financial Planner professionals involves the following:
- Establishing the client-planner engagement
- Gather client data; determine your goals and expectations
- Clarify your present financial status; identify any problem areas and opportunities
- Develop and present the financial plan
- Implement the financial plan
- Monitor the financial plan
Financial Planning Overview & Questions
What does it mean to be a Certified Financial Planner® (CFP)?
Since financial planning is not regulated in most Canadian provinces, anyone can call themselves a “financial planner”; but not everyone who refers to themselves as a planner is indeed qualified. In the absence of government regulation, Canadians seeking competent and ethical financial planning services should look for the CFP mark. CFP certification provides assurance that the planner is committed to internationally-recognized professional standards of competence, ethics and practice as set and enforced in Canada by FPSC.
These requirements include:
- completion of education in financial planning;
- successful completion of rigorous standardized examinations;
- financial planning work experience;
- an ethical commitment to put the client’s interest first; and,
- CFP professionals are also held to ongoing rigorous standards through FPSC’s continuing education requirements and enforcement processes.
Why is it important for an individual to work with a CFP professional?
“In order for a financial advisor to address a family’s investment, insurance, tax, estate planning, and retirement planning needs, a financial advisor must be able to demonstrate that they have the expertise, knowledge, commitment and higher standard of trust. A financial advisor who is a CFP Professional, has successfully combined years of industry experience with several hours of rigorous exams, annual continued education requirements and balanced this with the emotional elements inherit with wealth planning. By putting clients’ interests first, we can get to the heart of the matter” – Josephine DeLauretis
