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Financial & Estate Planning
1. Initial Interview
2. Understand Current Situation
3. Crystallize future business and personal financial goals
4. Preliminary Analysis
5. Initial Implementation
6. Research / Analysis
7. Specific Recommendations
8. Implementation
9 & 10 Ongoing Service & Periodic Reviews
1. Initial Interview
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.
4. Preliminary Analysis
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:
The report follows the following format and summarizes:
The comprehensive report covers the following:
Wealth Accumulation
Wealth Distribution
Risk Management
5. Initial Implementation
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
6. Research / Analysis
Implementation may require more specific research and analysis by appropriate professionals. I can assist you with this.
7. Specific Recommendations
The presentation of any recommended fine-tuning and/or adjustments.
8. Implementation
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:
J. Paul Wilson, CFP, CLU, CH.F.C., TEP
380 Bedford Highway, Halifax, Nova Scotia, B2N 2L4
Office (902) 405-8665 Direct (902) 982-2377 Mobile (902)488-4982
Toll-free Fax (866)-436-1207 Email paul@jpw.ca
NOTE:
The information contained in this article is intended to provide general guidelines only. The application and impact of the law can vary widely from case to case based on the specific or unique facts involved. Accordingly, the information in this article is not intended to serve as legal, accounting or tax advice. Users are encouraged to consult with their professional advisers for advice concerning specific matters before making a decision.
Desjardins Financial Security Investments Inc. (DFSI) is not providing the financial planning service and will not be supervising this activity. You should not rely on DFSI for review of the plan. DFSI is neither charging nor being paid any fees for this service and will not be liable for any errors or omissions. This Financial Planning Service is done solely through jpw.ca Insurance Retirement Investments.