Investors with a written financial plan average 0.83% higher returns than those who don’t have one.

Sadly, most people don’t have the kind of plan that will do this. Our clients do.

Here are the critical elements of a proper financial plan, and why they’re so important:

Life Goals Analysis: Takes into account what you want to do in your life, not just your investment objectives. Provides a realistic estimate of how much money you’ll need and when.

Long Term Cash Flow Projection: Maps out year by year when you’ll need money to meet your goals, and where to invest and withdraw money from to minimize income taxes.

Portfolio Optimization: Ensures that you can earn the maximum return while controlling portfolio risk, and paying the least amount of tax on your investment income.

Risk Analysis: What impact would a death or disability have on your goals? Do you have enough insurance to manage these risks, or do you have more than you need?

Estate Plan: A prudent financial plan ensures you won’t run out of income or assets during your lifetime. It should also consider what happens to what’s left over when you die, to ensure taxes and other costs don’t create problems for your beneficiaries. The use of trusts and insured strategies can ensure an efficient and effective transfer.

Detailed Action Plan: Outlines specific actions to take, their benefits, and when they should be completed. This allows us to help you stay on track.

Does your financial plan include these key elements? If not, we can probably help you save a lot of taxes, and give you a lot more confidence in your financial future.

We offer financial planning services on a fee-only basis: we identify opportunities to help you more effectively reach your goals, with analysis to support our recommendations, but we do not recommend specific investment or insurance products. Since we don’t stand to earn commissions or other income from the sale of any particular product, you can be sure our recommendations are completely objective. That also means that we need to be paid for our time and effort working on your plan, much like your lawyer or auto mechanic.

Our Initial Assessment and Evaluation meeting is complimentary – you don’t need to pay us to get to know you and your situation and goals. We will then recommend the work we believe should be done to produce a workable financial strategy to help you achieve your goals, and will provide a written estimate of the hours of work needed, and the total cost of the work. You can then choose to proceed on that basis, or we can agree to make adjustments to the scope of the project before you proceed. Or we may agree not to do the work at all, in which case you have spent only an hour of your time.

You have nothing to lose, and everything to gain by having an initial meeting with us.

Call us today to arrange your complimentary Initial Assessment and Evaluation. It may be the most valuable hour you’ve spent in a long time.

Call us at 905-884-5563 or click to use our Ask Page form to begin the process.