What is a Financial Plan?
A financial plan looks at where you are today and where you want to go. It determines your short, medium and long term financial goals and how you can reach them.
Why do you need a Financial Plan?
- Worry less about money and gain control.
- Organize your finances.
- Prioritize your goals.
- Focus on the big picture.
- Save money to reach your goals.
the Financial Planning Process
- Establish and define the financial planner-client relationship.
- Gather information about current financial situation and goals including lifestyle goals.
- Analyze and evaluate current financial status.
- Develop and present strategies and solutions to achieve goals.
- Implement recommendations.
- Monitor and review recommendations. Adjust if necessary.
the Financial Planning Process
- Establish and define the financial planner-client relationship.
- Gather information about current financial situation and goals including lifestyle goals.
- Analyze and evaluate current financial status.
- Develop and present strategies and solutions to achieve goals.
- Implement recommendations.
- Monitor and review recommendations. Adjust if necessary.
Learn More about the different types of Financial Planning
Retirement Planning
Most of us understand the benefits of sensible retirement planning but when it comes to actually creating your personal retirement strategy and putting it into effect it doesn’t feel quite as straightforward. The reality is that, while there are lots of variables to consider.
Estate Planning
Managing your finances raises a number of topics but none as tricky and potentially unpleasant as planning for your family and finances in the event that you pass away or become incapacitated. Understandably, these questions are often ignored by many—but don’t fall into the trap of avoiding these difficult matters. Good estate planning will help to make sure that your wishes are carried out, and your family and assets are well protected.
Legacy Planning
There are so many options designed to help you to use a portion of your estate to benefit a good cause when you pass away. Legacy planning goes further than estate planning and aims to involve your family and loved ones in your plans to make a difference according to your personal values. The input of your family in this process should not be underestimated – they play a critical part in supporting the process to make your wishes become reality, so be sure to share your thoughts and intentions with them in good time.
Debt Management Solutions
We offer an innovative all-in-one banking account that puts all your money to work all the time in order to outsmart your debt.
Risk Management
Insurance is often thought of as an optional extra in the area of personal and business finance – a “nice to have” which can offer protection if things go wrong but certainly not as an important asset in its own right. However, it’s true to say that robust insurance planning is a strategy which can protect the vital asset of your ability to earn an income – perhaps the most important asset that you have. There are many types of insurance including life, living benefits, individual health and travel insurance. We can direct you to what makes the most sense.
Education Planning
Saving for your child's education and the Registered Education Savings Plan is one of the best investment vehicles to utilize because of tax-free savings and government grants. By starting a savings plan, you can help reduce the burden of taking on loans to pay for their post-secondary education.
Life Event Planning
At every stage of life, there are different set of challenges. There are some challenges you don't necessarily think of such as disability of yourself or a loved one, critical illness, accident or premature death. We are here to help you ensure you have solid finances and insurance in place should you ever need it. This includes disability, critical illness and life insurance.
Business Planning
Financial Planning for business owners is often two-sided: personal financial planning and planning for the business. Business owners have access to a lot of financial tools that employees don't have access to; this is a great advantage, however it can be overwhelming too. A financial plan can relieve this. A financial plan looks at where you are today and where you want to go. It determines your short, medium and long term financial goals and how you can reach them. For you, personally and for your business.
Investment Management
To achieve your financial goals, you will need to have an investment plan. This plan can help you save for an emergency fund, your first home, investment property, children's education, retirement plan, leaving a legacy and much more.