FINANCIAL PLANNING
At The Investment House of Canada Inc. your financial planner will be able to develop a personalized financial strategy based on your individual circumstances.
A financial plan provides you with assurance and peace of mind that your on track to achieving your financial goals.
Together, you and your IHOC planner will work towards establishing strategies that will cover:
Investment & Retirement Planning
Tax minimization Strategies
Managing Risk & Protection Needs
An assessment of your Will & Estate planning needs.
As Independent Financial Planners, we at The Investment House of Canada, have the ability to source the appropriate products and services (Link?) that are suited to your unique needs and goals.
The Planning Process
When comprehensive Financial Planning is what you are looking for, The Investment House of Canada Inc.'s (IHOC) approach sets us apart from other financial advisors. The guidance you will receive from our accredited Financial Planners will set you on a path to achieve your near and long term financial goals.
The following is what you as a client may anticipate from our approach:
Your IHOC Financial Planner will:
Step 1: Initiate the Client-Planner Relationship
Your planner will explain and outline the overall financial planning issues and concepts that are specific to you.
Your planner will outline the process and the services that they will provide for you.
Your planner will discuss his or her responsibilities as your planner.
Step 2: Gather Client Information and Details and Determine your Goals and Objectives.
Your planner should conduct an interview with you to determine your financial resources and obligations.
Your planner should gather all necessary information about your short/long term goals and objectives.
Together with your planner all your financial goals, needs and priorities should be defined.
Step 3: Analysis
Your planner will assess your current financial situation with respect to cash flow, net worth, investment portfolio, risk management, etc.
Your planner will analyze the information gathered to identify any problematic areas and opportunities with respect to your specific needs in the following areas:
- Investments and Asset Allocation
- Tax minimization strategies
- Risk management and Insurance coverage
- Retirement Planning
- Cash Flow and Capital Requirements
- Planning for funding Education needs
- Group and Employee Benefits (incl RRSP's)
- Estate Planning
- Unique needs (i.e. Trusts, Elderly Care, Adult Dependent needs, etc.)
Step 4: Development of the Financial Plan
Your planner will develop a customized 'Financial Plan' that will address and incorporate a strategy around your individual goals, objectives, risk tolerances, and personal beliefs.
Your planner will present you with your 'Financial Plan' which will include appropriate projections and recommendations.
Step 5 Implementation
Together, you and your planner will ascertain whether the 'Financial Plan' meets your goals and objectives.
Your planner will assist and co-ordinate executing the recommendations that you choose to have implemented.
Step 6 Monitor 'The Plan'
Together you and your planner will decide on an appropriate review cycle depending on your individual circumstances. (minimum: annually)
Your review should include a discussion about changes in your personal circumstances, impact of new legislation, economic and market cycles and any changes to your established goals.
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