Many people will offer you advice on which investments to buy. But there's more to your financial life than your RRSP. Estate taxes, income taxes and education funds for your children are just some of the other complex aspects of your total financial picture.
Personal financial advising focuses on you as an individual – bringing together all the financial and psychological factors that have an impact on your life.
A well thought-out financial strategy will help you reach your personal financial goals and objectives, and give you a greater sense of security.
Many people call themselves financial advisors, but the true professional uses the Complete Financial Needs Analysis Process, which is made up of six distinct steps.
Helps you clarify your present situation by collecting and assessing all relevant financial data – assets and liabilities, tax returns, records of securities transactions, insurance policies, wills and pension plans.
Helps you to identify financial and personal goals and objectives, and also to clarify your financial and personal values and attitudes.
Helps you to identify financial problems that can create barriers to your financial independence.
Provides you with written recommendations and alternative solutions. These should be structured to meet your needs without undue emphasis on purchasing specific investment products.
Assists you to implement the right strategy to ensure that you reach your goals and objectives.
Provides a review and revision of your strategy to ensure that you achieve your goals.
How do you know if you need a Financial Advisor?
People hire financial advisors for many reasons. These questions may help you decide if you need professional financial advice.
Do you have the time to attend to your personal financial affairs?
Are you confused about conflicting financial advice from several sources?
Do you feel you are paying too much tax?
Are you confused about where to invest your money?
Do you feel that you can't make ends meet?
Do you feel that you can't save any money?
Has there been a recent change in your life that could affect your financial future, such as retirement, job loss, an inheritance, an addition to your family, or loss of your spouse?
Contact our office in you are looking for information about your long term financial strategy.
This publication and website are intended for British Columbia residents only and the information contained is subject to change without notice. Mutual Funds are offered and regulated through Global Maxfin Investments Inc. (GMII). Insurance products (including Segregated Funds) and Income Tax Preparation is provided under the name of Grant Simpson. GMII does not supervise these activities and will not be accountable, responsible or liable for such activities.
This publication contains opinions of the writer and may not reflect opinions of GMII. The information contained herein was obtained from sources believed to reliable, but no representation, or warranty, express or implied, is made by the writer or GMII or any other person as to its accuracy, completeness or correctness. This publication is not an offer to sell or a solicitation of an offer to buy any of the securities.
The securities discussed in this publication may not be eligible for sale in some jurisdictions. If you are not a Canadian resident, this report should not have been delivered to you. This publication is not meant to provide legal or account advice. As each situation is different you should consult your own professional advisors for advice based on your specific circumstances.