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The Financial Planning Process
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The initial data collection phase is the greatest barrier clients tend to have when completing a Comprehensive Financial Plan.  But once that is done, you only need to inform me of changes to your circumstances.  Otherwise I will take care of the rest, including continuous advice, updates and annual reviews.
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Please find below the general steps taken when completing AND implementing a Comprehensive Financial Plan;

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  • Engagement

    • Initial discussion to ensure interests are aligned and it will be a mutually beneficial relationship​

    • Disclosure of Financial Planning Process, roles and responsibilities of both parties

    • Disclosure of compensation and potential conflicts of interest
       

  • Collection of Data

    • A face-to-face discovery meeting or call to review your current financial situation and identify goal and objectives

    • Collection of account statements, insurance policies, list of assets, liabilities, expenses, incomes, etc. for the preparation of analysis
       

  • Analysis of Data and Creation of Financial Plan

    • I take the information and construct a Comprehensive Financial Plan which analyses each of the Six Pillars of financial health to identify any deficiencies or opportunities that are related to your goals and objectives

    • Recommendations and next steps are provided at the end of the Plan
       

  • Plan Presentation

    • I present the Plan and its findings to you and answer any questions

    • We review the recommendations and action plan to discuss a time frame for each step and follow up
       

  • Monitor and Review

    • Annual review and updating of the Plan to monitor progress and make adjustments as needed

    • Client can (and should) let me know as soon as possible of any material changes to the information used in the Plan so that an update can be done​​​​​​​​

    • Special circumstance amendments to plans

      • Thinking about a new vehicle or home renovation?  I can help you choose between financing options as well as let you know how that spending would effect your overall financial picture​

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Manulife Securities related companies are 100% owned by The Manufactures Life Insurance Company (MLI) which is 100% owned by the Manulife Financial Corporation a publicly traded company. Details regarding all affiliated companies of MLI can be found on the Manulife Securities website www.manulifesecurities.ca.  Please confirm with your advisor which company you are dealing with for each of your products and services. Stocks, bonds and mutual funds are offered through Manulife Securities Incorporated. Insurance products and services are offered through Manulife Securities Insurance Inc. Banking products and services are offered through referral.

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