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Visit Our Official Website : http://www.guaranteedinvestments.com
Many people think that financial planning is a onetime process
that begins with the numbers and ends with investments and pie
charts – This is not what true financial planning is all about!
Financial planning is a comprehensive, ongoing approach that begins
with helping you define your financial goals, develop a financial
plan that helps you achieve them and finally tracking the progress
along the way and recommending changes wherever needed.
What are Financial Planning Services?
Financial Planning services are rendered by practicing
professional financial planners who helps individuals deal with
various financial issues, through proper planning. The areas covered
in this financial plan are: Cash Flow Management, Retirement Planning,
Investment Planning, Risk Management and Insurance Planning and
Estate Planning.
The Financial Planning Process
Setting short term and
long term goals with the client.
Gathering the client’s
relevant and non relevant financial situation.
Analyzing the information
obtained to properly understand and determine if the goals can
be met.
Structuring a Financial
Plan.
Implementing strategies
into the financial plan.
Reviewing, monitoring
and revising the implementations and strategies of the financial
plan.
Financial Planning Services in Canada
Financial Planning is a widely used term in the
banking and investment world in Canada, yet the reality is that
most advisors working in Canada are simply product focused sales
people.
For example: Walk into any bank and tell them you have $100,000
to invest and would like to talk to someone about investments
and financial planning and want to talk to someone who is a tax
specialist because you want to make sure that the $100,000 is
invested in the most tax efficient manner for you and your family
– Just don’t be surprised if you get an answer like “we don’t
provide tax advice”.
What kind of financial planning services can you receive if the
advice does not include tax advice?
Choosing your Financial Planning Services
Specialist
A large percentage of financial planners have access
to limited products. So, don’t be surprised if you are simply
recommended to purchase a bank’s family of mutual funds.
If an advisor or financial planner can simply only offer you one
family’s mutual funds, consider receiving advice from another
party. As well, although you think you may have found the
perfect financial planner, ensure that he/she has access to some
of the products available at Guaranteedinvestments.com
as these products are available only by life licensed insurance
advisors. Some of these products provide significant Tax Breaks
depending on one’s own personal circumstances. Not all financial
planning advisors or investment advisors haveaccess to products
such as Guaranteed Investment Funds, Segregated Funds, Annuities,
Insured Annuities, Guaranteed Withdrawal Benefit Plans and Guaranteed
Lifetime Withdrawal Benefit Plans.
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