Our 6X6 Financial Strategy Process
We believe that a financial plan should give you a method to meet your objectives.
What you can conceive and believe, you can achieve.
STEP 1: Clarify your present situation
We explain or document the services to be provided and define the responsibilities along with the responsibilities of the client. The advisor and client should agree on how long the relationship will last and on how decisions will be made.
STEP 2: Identify both financial and personal goals and objectives
We will ask about your financial situation, personal and financial goals and attitude about risk. We then gather all necessary documents at this stage before giving you any sound advice.
STEP 3: Identify financial problems
We analyze the information to assess your current situation to determine what must be done to achieve your goals. Depending on the services requested, this assessment could include analyzing your assets, liabilities and cash flow, current insurance coverage, investments or tax strategies.
STEP 4: Provide written recommendations and alternative solutions
We will offer educated recommendations that address your goals, based on the information you have provided. We review our professional recommendations with you to allow you to make the best informed decisions. We listen to your concerns and considerations, and revise our recommendations as appropriate.
STEP 5: Implement the right strategy
We work with you to agree upon how each recommendation should be carried out. Together, we may choose to have us carry out the recommendations for you or serve as a "coach", coordinating the process with you and other professionals such as attorneys or stockbrokers.
STEP 6: Provide periodic review and revision
Together we will agree upon who, and how, we will monitor your progress towards your financial goals. We report to you periodically to review the financial situation and adjust any recommendations as needed. As our client, we will always keep you informed and knowledgeable when it comes to your financial strategy and situation.
Ensuring Excellence
To be assured of excellence you should choose a Certified Financial Planner (CFP) as your financial planner.
All Members are bound by CFP's Code of Professional Ethics which guides our financial planning professionals in their obligation to provide sound financial advice and to maintain high standards of technical competence, morality and integrity.
A Practitioner Member is a personal financial planning practitioner who:
- has attained an academic or professional standing recognized by CFP.
- is currently practicing financial planning and has been engaged regularly and continuously in the practice of financial planning for at least two years immediately prior to his or her application to CFP
- has demonstrated competence in the practice of personal financial planning by submitting an appropriate financial plan
- has been sponsored for membership by at least one CFP member in good standing, and two professional references, both of whom are employed in the financial services industry, and neither of whom is employed by the same company
- maintains 30 hours of continuing education each year
- carries appropriate Errors and Omissions Insurance coverage.
Qualifying for Practitioner membership in CFP and obtaining and maintaining the CFP - Certified Financial Planner designation are not easy tasks and require continuing education. Those who have done so set the standard of excellence in a fast-growing profession whose members bear a large share of the responsibility for the financial future of thousands of Canadians.
By choosing a Member as your financial planner, you are promoting these standards. You will have the satisfaction of knowing you are dealing with an individual who has achieved the profession's most meaningful distinction.