IT IS IMPORTANT TO REMEMBER THAT FINANCIAL PLANNING IS A PROCESS – NOT AN EVENT.
1. What’s involved?
Financial planning should be the driver of all investment decisions. It is a multi-step process that guides your investment strategy and provides you with two important things: (1) An in-depth review of your current financial situation, and (2) A blueprint that shows you how to achieve your goals and objectives for the future.
2. How does it work?
First, we focus on your goals, objectives, priorities, and values. For instance: the reduction of taxes may be an immediate goal, funding education for children or grandchildren may be an intermediate goal, and enjoying a secure financial future in your retirement could be a long-term goal. Whatever your situation, everyone needs an idea of where they are on the road to meeting their financial goals. That’s why we do an in-depth analysis of your current situation. Next, you need to know how you can set about achieving your financial goals. We focus your time horizon and goals, investments, cash flow, taxes, pensions and retirement plans, estate planning, insurance issues, savings opportunities and other general financial matters, we design a customized financial plan for you.
3. What do I have to do?
The hardest part is gathering your documents and looking at your spending. The good news is: If you put effort in to the process of creating a financial plan and then maintain a disciplined approach, you can rest easy knowing you can reach your goals. It’s our job to make the process as easy as possible for you.
4. How we get paid
We offer each individual, company or organization a range of options that best meet their needs.
- Direct
For some relationships – an hourly or annual consultation fee may be desirable. - Indirect
As we implement specific solutions by “shopping the market”, our compensation is provided by the financial institution. We fully disclose that information prior to implementation.
5. Does Balanced Financial Services provide partial financial planning?
Not usually. For most of our clients, we manage their assets and provide holistic financial planning. We believe a comprehensive plan provides the greatest benefits; for many of our clients’ specific needs, we offer specific advisory services such as RESP, RRSP, investment portfolio review, and more.
6. Who benefits most from your services?
Any person seeking financial peace of mind and a steady hand on their investments can benefit from our services. We welcome clients who understand the value that solid financial planning adds to their investment management and strategy.
7. If I hire you to manage my money, how will you monitor my progress?
Depending on your wishes, we meet with you in person or on the phone as much as you need to review your financial plan and investment strategy. We analyze your portfolio several times a year, rebalance regularly as needed or when your goals or situation changes, and provide updates. Some clients prefer meeting four times a year, others like monthly phone calls, and some want an annual in-depth meeting dedicated to them.
8. How can I get started?
The first step is an initial inquiry from you. Call us at (604)261-8511 or send us an email at Sia.S.Nik@manulifewealth.ca. We offer a no-cost, no-obligation Discovery Meeting to see if we are a good fit for you and vice versa. For these meetings, we ask you to fill out our Confidential Client Questionnaire, which helps to make the most of our time to give us an initial understanding of your situation. We look forward to helping you build a bright financial future.
