Our typical clients are married, have a family income of $150,000 - $250,000 and is within 15 years of retirement. We understand the financial challenges facing this demographic and have developed strategies specifically designed for that group.
Families & Individuals
Our strategic approach helps you plan for your future while also achieving all your financial goals for you and your family. Through our process and services, we can create a comprehensive program that can adapt as you and your families goals evolve.
Retirees
Whether your retired or planning for what you want your retirement to be like- there are lots of opportunities to plan your financial savings with us through our partners and strategy processes.
Business Owners
Business owners have unique opportunities when it comes to wealth accumulation. Our services can help provide financial guidance and support regardless of how small or large your business is. We have resources and can collaborate to optimize your financial success.
Case Study
Guiding Clients toward their Financial Goals
An Actual Client Story
Family Situation
- Married Couple age 52 and 54 with 3 Children ages 15, 18 and 20
- Family Income $280,000
- Home value $1,250,000
- Mortgage $220,000
- Accelerating Mortgage payments to be mortgage free in 5 years
- Current Investments of $790,000
- Combined savings of $32,500 per year in combination of Defined Contribution Pension Plan, RRSPs, TFSAs and company share purchase plan
Primary Goal
- to be able to retire in 10 years with an income they will not outlive
Completed Process
- Determined the retirement income they would want at retirement
- Modeled their current projected retirement income using their current plan which resulted in a lower than needed retirement income (Gap Analysis). Their current plan resulted in achieving only 45% of desired retirement income.
- Modeled various options available to fill their retirement income gap including
- Save More Money
- Earn a higher rate of return (take more risk)
- Work longer
- Live on less at retirement
- Strategic Alternatives
Recommendations
- Clients chose the Strategic Alternatives Option which reorganized their investment and debt products to optimize retirement income choices at retirement.
- Consolidate investment accounts to take advantage of a reduced fee platform
- Optimized client’s mortgage
- Update portfolio to focus on tax efficiency and wealth preservation
- Create an estate strategy
- All recommendations fit within their current cash flow outlays i.e. clients did not need to invest additional money to create the desired results.
Results
- Projected retirement income was increased by over 40%.
- Clients gained clarity and confidence with their retirement savings strategy
- A clear investment strategy was also implemented
- Overall financial position became more secure, diversified and resilient to potential market downturns