Intake, Goal-Setting + Fact-Finding
You will complete an intake form to help us understand where you are today and - more importantly - where you want to be.
In our meeting, we will review what’s working well in your current financial landscape and what opportunities we see to take your wealth building to the next level. This consult is our opportunity to discuss the results of our number crunching and discuss the gameplan – does full planning makes sense for you, or does working together in a smaller capacity work better for your current situation?
The details from our consult become the basis of your financial plan. Then, you will send us more detailed financial information.
The next three steps are done in two blocks which span 4 meetings so that you can truly process and understand the results without risk of overwhelm.
The first round involves Financial Security, where we will ensure all your T’s are crossed and all your I’s are dotted on the risk management side of your financial picture. We cover off things like Wills and Powers of Attorney, emergency funds, insurance, and estate planning.
The second round involves Building Wealth, where we will cover short, mid, and long-term savings goals – common goals for people in this phase of planning include planning for a comfortable, exciting retirement, renovating parts of the home or upgrading to a new home, helping the kids through post-secondary school, replacing your current car, travelling the world, etc.
Budgets, Net Worth Analysis + Projections
Covered at different points in the Financial Security and Building Wealth rounds, we will go through a very detailed, analytical process that covers the relevant components of:
Cash Flow Analysis - to help you maximize savings towards the things you want to accomplish.
Net Worth - so you understand very clearly where you stand today in all aspects of your financial picture and what you’re worth today if you had to sell all your assets to cover your liabilities. This becomes our score card as we update it annually and reflect from day 1 at each review to see how far we’ve built your wealth to date,
Portfolio Analysis – to review your current assets, liabilities, how you’re currently invested and whether any changes need to be made to fit with your current risk tolerance, time horizon and goals.
Insurance & Estate Analysis – to help you understand what contingency you need, what coverage you have and why, confirm you’re not over insured and identify any gaps that are leaving you and your family vulnerable.
Projections - so you can see what you're on track and determine whether we need to increase or if we can decrease your current contributions to meet your retirement goal, whether you’re invested in the right types of investments, and whether further diversification can catapult your wealth faster.
Customized Step-by-Step Recommendations
We then create an incredibly detailed, customized financial plan for you that will:
- - Recap your current financial picture, your short-term and long-term goals
- - Provide you with step-by-step recommendations on how to reach your goals
Implement Your Financial Plan
If you love what you see in your Financial Security plan, we move forward on implementing it before we work on building wealth. This might involve setting up your emergency fund and contributions, applying for insurance, connecting with a lawyer for wills and other estate planning items…whatever your unique situation requires, we will guide you through the entire process. This gives you a safe foundation to start building your wealth.
If you love what you see in your Building Wealth plan, we get the boll rolling on that right away too. We will set up investments, submit transfers, and start monthly contributions.
If you choose to fully implement your plan with us and move at least $100,000 of investible assets over, we don’t just leave you to your own devices. We are here to:
- - Hold you accountable
- - Monitor your success
- - Answer your questions
Monitor, Review, and
Update Your Financial Plan
Life changes. And when it does, so should your financial plan. You might end up:
- Buying or upgrading your home
- Starting or expanding your family
- Opening a business
- Getting into the real estate market
To make sure your plan is always reflective of your current life situation, we will meet every year to make sure you stay on track to achieve your goals. And if something is more pressing – like an unexpected inheritance or health issue – we are always available to guide you.
Our unique process is more than a buzzword or a template pulled off Google, it is our proprietary process that took years to develop and perfect. It is a framework that gives you a truly robust understanding of your finances, so you always have your finger on the PULSE You will have the confidence and peace of mind that comes with truly understanding how you will achieve your goals, without the stress of implementing every single step yourself.
It’s time to turn your wishes into goals.