The Value of Advice

Financial advisors provide a range of services to clients through the provision of investment, retirement and risk planning and advice as well as the sale of one or more financial products. Read More
 

Pity the two-vehicle family with a mortgage up for renewal this spring

Between higher borrowing costs and surging gasoline prices, a typical family could easily expect to pay an extra $165 or more per month.

RRSP contributions aren't a priority for many Canadians

36% of Canadians are not planning to contribute to their Registered Retirement Savings Plans (RRSPs) a priority this year.

Buy or rent?

It’s the question many are asking in today’s real estate market.

Put technology in your financial corner

Take advantage of digital tools to help manage your money.

Broaden your investment horizons

Take advantage of strategic, active asset allocation.

VIDEO: Money role reversals among generations

How to have conversations about support for aging loved ones.

WATCH: Are you confused about investing?

Don't let investing be confusing. Discover the investment truth with your financial advisor.

VIDEO: Broaden your investment horizons

Taking advantage of the benefits of active asset allocation.

Increased fee disclosure is paying off for investors

Investor awareness of fees and investment returns appears to be improving in the wake of new disclosure rules.

VIDEO: What is estate planning?

Estate planning is the process where you lay out your instructions as to how your assets should be distributed.

10 ways the new mortgage rules will change the housing market

Soon Canada's banking regulator will implement new mortgage rules and launch the new mortgage stress test.

Help kick start your child's financial future

How permanent life insurance can benefit a child or grandchild.

The Six-Step Financial Planning Process - Read More

1. Establishing and defining the client-advisor relationship.

The financial planner should clearly explain or document the services to be provided to you and define both his and your responsibilities. The planner should explain fully how he will be paid and by whom. You and the planner should agree on how long the professional relationship should last and on how decisions will be made. 

2. Gathering client data, including goals.

The financial planner should ask for information about your financial situation. You and the planner should mutually define your personal and financial goals, understand your time frame for results and discuss, if relevant, how you feel about risk. The financial planner should gather all the necessary documents before giving you the advice you need.

3. Analyzing and evaluating your financial status.

The financial planner should analyze your information to assess your current situation and determine what you must do to meet your goals. Depending on what services you have asked for, this could include analyzing your assets, liabilities and cash flow, current insurance coverage, investments or tax strategies.

4. Developing and presenting financial planning recommendations and/or alternatives.

The financial planner should offer financial planning recommendations that address your goals, based on the information you provide. The planner should go over the recommendations with you to help you understand them so that you can make informed decisions. The planner should also listen to your concerns and revise the recommendations as appropriate.

5. Implementing the financial planning recommendations.

You and the planner should agree on how the recommendations will be carried out. The planner may carry out the recommendations or serve as your “coach,” coordinating the whole process with you and other professionals such as attorneys or stockbrokers.

6. Monitoring the financial planning recommendations.

You and the planner should agree on who will monitor your progress towards your goals. If the planner is in charge of the process, he or she should report to you periodically to review your situation and adjust the recommendations, if needed, as your life changes.

 

Phone: 1-877-423-2152

Contact Us