Increasing your wealth doesn’t happen by chance. Yes, you might do it by winning a lottery, but for most of us, it happens with a sound financial plan.

A well thought out financial plan gives you direction on reaching goals such as buying a business, putting your kids through school, or retiring when you want to. It protects you and your family if the unexpected should ever happen. It also ensures that your savings continue to grow, even in a difficult economy.

Most people agree that the best way to develop a sound plan is with a licensed financial advisor. But how do you go about choosing someone? The first thing to do is ask several friends and family members whom they’ve worked with. In addition to their recommendations, you should consider these points:

  • Do you feel comfortable with the advisor?
  • Are they available when you need information?  How can you communicate with them?
  • Are they willing to take the time to understand your goals and answer your questions?
  • Do they have a process to develop your plan? Is it easy to understand?
  • Are they clear about their ethics and standards?
  • Are they part of a team that can help you create a comprehensive plan?

Remember, you have a right to ask all of these questions. You should feel comfortable with your advisor, and their reputation.  

As your financial advisors, it’s paramount that we understand your needs first. From there, we lay out your options, as well as the pros and cons of each. We help you make informed financial decisions that work best for your goals.

To begin, we create your personal financial plan using my six-step process. You can read about it in detail here in the Process We Follow. Briefly, these steps include:

  1. Determining your current situation and your goals
  2. Analyzing how you feel about risk
  3. Preparing your plan or investment policy statement
  4. Investing your money
  5. Ensuring you, your family, and your business are protected with insurance
  6. Monitoring, reporting, and making changes as needed

This same process applies to your business!  You can read more about how we can help you reduce costs and protect your business here.

We also look at any debts you may have and develop a strategy to pay them off faster. We can help you consolidate debt and reduce interest payments so you can start saving more money, sooner.

It’s equally important to reduce the taxes you pay wherever possible. This is why we consider your potential tax payments in any planning we do.

As your wealth grows, you still need to plan for the unexpected. A critical illness, unemployment, an untimely death – any of these situations could wreak havoc for you or your family. We’ll help you reduce your risks with insurance solutions that work for you, your family, or your business.

Finally, it’s important that you plan your estate. Although most of us don’t like to think about this, a well-planned estate ensures that more of your money goes to family, friends, or your favourite charities, rather than to taxes and probate fees.

Financial planning may seem complicated, but with honest advice and the right planner by your side, it doesn’t have to be.  We’d be happy to show you how we can make your financial management easier and less stressful in a complimentary, no-obligation meeting. It will take no longer than an hour. We can meet in your Windsor or Essex County home, or in our office, at a time that works for you.

Take control of your money – and your future – now! Contact us for your complimentary, convenient appointment.