Services

Full Package or Bespoke Offerings - It is up to You

Reid Wealth Management's Comprehensive Financial Planning offering is designed and customized to incorporate all aspects of healthy financial living into a fluid blueprint to navigate you toward achieving all of your financial goals.  My plans are based around the six pillars of financial planning; Financial Management, Investment Management, Tax Planning, Retirement Planning, Risk Management/Insurance and Estate Planning.

 

I believe that a holistic financial plan which integrates all of these disciplines is essential in clients achieving a true sense of purpose to their savings and investing strategies, allowing them to stay on track and realize the peace of mind that comes with a secure financial future.  Please click below for more on the value of a Comprehensive Financial Plan.

THE VALUE OF COMPREHENSIVE FINANCIAL PLANNING

CERTIFIED FINANCIAL PLANNER VALUE PROPOSITION VIDEO - Live Life Confidently (TM)

 

While I do like to stress the benefits of and focus on the Comprehensive Financial Planning route, I do provide bespoke offerings where you can choose between any of the six disciplines in any combination that you see fit for your situation.  If you want investment advice alone, I can build portfolios for your specific investment objectives and risk tolerance.  Looking to add insurance coverage, I can complete the needs analysis and get quotes from multiple companies to get you the most suitable option.

 

Please see below for more on the Six Pillars of Financial Planning and click on each header to learn more about how each pillar contributes to your financial security.
 

The Six Pillars of Financial Planning

Financial Management

 

Review

  • Assets & Liabilities

  • Current and Projected Income & Expenses

  • Savings vs Debt

 

Consider

  • Current and Projected Financial Position vs Stated Goals

  • Cash Flow Surplus vs Deficits

  • Emergency Funds

  • Debt Servicing Ratios

  • Adequacy and Suitability of Savings Plan

Investment Management
Review
  • Current Investment Holdings

  • Past Performance

  • Current Savings Rate​

  • Cash Flow Requirements

Consider

  • Time Horizon

  • Risk Tolerance

  • Investment Objectives​

  • Taxation of Investment Returns

  • Expected Returns vs Required Rate of Return

  • Target Asset Allocation

Tax Planning
 
Review
  • Sources of Income

    • Employment​

    • Investment/Rental

    • Pensions

Consider

  • Income Splitting

  • Spousal Loans

  • Tax Deferral Strategies

  • Deferred Tax Liabilities

  • Trusts

  • Charitable Donations

  • Life Time Capital Gains Exemption

Retirement Planning

Review

  • Planned Retirement Age

  • Expected Income in Retirement

  • Expected Lifestyle Expenses in Retirement

  • Current Assets, Savings and Rates of Return

Consider

  • Projected Assets at Start of Retirement

  • Life Expectancy

  • Expected Rates of Return

  • Surviving Spouse Lifestyle Expenses

  • Planned Asset Sales or Purchases

  • Vacation Planning

  • Pension Clawbacks

  • Health Expenses

    • Critical Illness & Long Term Care​

Risk Management

Review​

  • Family Health History

  • Life Expectancy

  • Current Insurance Coverage

  • Life Insurance Needs Analysis

    • Debt Coverage​

    • Financial Goals Coverage

  • Primary Financial Goals

Consider

  • Attitude Toward Risk Management and Insurance

  • Income and Expenses if One Spouse Dies

  • Income and Expenses in Case of Disability or Critical Illness

  • Business Continuity

  • Taxes on Death

  • Estate Objectives

Estate Planning

Review​

  • Is there a Valid Will

  • Who are Executor(s) of the Estate

  • Do you have a Power of Attorney

  • Beneficiary Designations

  • Joint Ownership

Consider

  • Tax Liabilities and Expenses on Death

  • Assets and Insurance Coverage on Death

  • Attitude Toward Leaving Inheritance

    • gifting money to heirs before death

  • Planned Beneficiaries of your Estate

  • Spousal Rollovers

  • Gifting

  • Charitable Donations

  • Options for heirs who may not be able to manage the money themselves