Benefits & Features
Integrated Financial Planning -
| If you want to |
How our Integrated Financial Planning Process can help you get it |
|
... Have a plan based on your goals and objectives. |
. I explain our comprehensive financial planning process. You then are able to determine your priorities and what areas you want us to initially cover. Though a discovery process I gather information about your lifestyle objectives, risk tolerance, financial resources and obligations through interviews and questionnaires including the Planning Your Retirement. I listen and gather all the necessary documents.
|
|
. Minimize taxes |
. In addition to using some of the most sophisticated financial planning software available to analyze your plan, our process includes a review by tax practitioners. (We will work with your tax accountant / lawyer when possible if not we will recommend another professional) |
|
.. Maximize benefits of company |
. Based on your objectives we will show you how your company can do some things that you would otherwise have to do for yourself. |
|
. Integrate personal, company and government coverage to maximize benefit and avoid duplication |
. You set your objectives and our process recommends integration of your personal, business and government coverage. |
|
. Conserve or even maximize my wealth for my family |
. 2 weeks of solid work on your estate, may be worth more to your family than the financial gains of the past 10 years. |
|
. Maximize retirement income security |
. Our process shows you how to utilize your sources of retirement income in a tax efficient manner minimizing the total income taxes paid. |
|
. Investment mix consistent with financial objectives and maximum return for my risk profile |
. A rigorous quantitative analysis provides you with significant insight. We then use the Nobel Prize winning Modern Portfolio Theory to obtain investment fund portfolios that provide the highest return for a specified level of risk. |
|
. Get best value for my insurance dollar |
. A review by a team of professionals of your business and personal insurance including: life, disability, health, critical illness, home, auto, commercial, liability and your group plans (life and pension) |
|
. Enjoy tax deferred growth |
. Most people are not aware that the tax they will pay over their lifetime on non-registered investments may be equal to or greater than the total amount saved. We present some alternatives. |
|
. Plan succession of my business |
. Our succession planning process provides you, your family members and key employees with a succession plan for your business that has the highest possible probability for success. |
|
. Know - will my plan work? |
. EISI's Monte Carlo Analysis calculates multiple what Ifs...? The simulation provides a Success Rate that indicates a percentage chance of your plan's success. |
 | |
| |
| |
| |
| |
| |
| |
| |
|
I explain our comprehensive financial planning process. You then are able to determine your priorities and what areas you want us to initially cover. I explain my responsibilities as your planner including a discussion about how and by whom we will be compensated. We also discuss your responsibilities as a client.
2. Understand Current Situation (Gather data and determine your goals and expectations.)
Through a discovery process I gather information about your lifestyle objectives, risk tolerance, financial resources and obligations through interviews and questionnaires including Planning My Retirement. I listen and gather all the necessary documents before giving you advice.
3. Crystallize future business and personal financial goals
I help you clearly define your personal and financial goals, needs and priorities. In addition confirm my understanding of your values, attitude and expectations, and if relevant, how you feel about risk.
We analyze your information to assess your current situation (cash flow, net worth, tax projections, etc.) accessing professionals or specialists where appropriate.
Identify any problem areas or opportunities with respect to your:
|
Capital needs |
|
Insurance needs and coverage |
|
Investments |
|
Taxation |
|
Retirement income |
|
Employee benefits |
|
Estate planning |
|
Special needs: (i.e. adult dependent needs, education needs) |
The report follows the following format and summarizes:
|
Objectives |
|
Current Situation |
|
Recommendations |
|
Action Plan |
The comprehensive report covers the following:
Wealth Accumulation
|
Retirement |
|
Liquidity |
|
Opportunities |
|
Diversification |
Wealth Distribution
|
Retirement |
|
Death |
|
Disability & health |
|
Family & business legacy |
Risk Management
|
Death, Disability & health |
|
Property & Casualty |
|
Emergencies |
Business Tax Strategies
Personal Tax Strategies
I assist you in implementing the recommendations discussed. This may involve coordinating contacts with other professionals such as:
|
Accountants and Lawyers |
|
Investment fund sales representatives |
|
Insurance agents |
|
Trust officers |
It may also involve applications for any recommended financial products and the transfer and / or reorganization of investments/assets
Implementation may require more specific research and analysis by appropriate professionals. I can assist you with this.
The presentation of any recommended fine-tuning and/or adjustments.
Again I can assist you in implementing the recommendations.
9. Ongoing service
We will discuss and provide an agreed upon level on service.
10. Periodic reviews
The reviews include:
|
A review and evaluation of the impact of changing tax laws and economic circumstances. |
|
A review of your life circumstances and an adjustment of the recommendations if needed as those circumstances change through live events such as birth of child or grandchild, illness, marriage and retirement (if you are not already retired). |
