Comprehensive Financial Planning Process

The purpose of the comprehensive financial process is to better your financial situation. This should be experienced in the following areas:

Clarification of your true values and desires   Improvement of your cash flow   Reduction of your taxes*   Selection of the right investments

Superior debt management   Protection of assets and income   Establishment of your legacy

I follow the six step financial planning process advocated by the Canadian Financial Planning Standards Council (FPSC) and the US CFP Board of Standards. The steps are as follows:

Step 1- Establish our client-planner engagement.

Step 2 - Gather your data and determine your objectives.

Step 3 - Clarify your present financial status and identify any problem areas and opportunities.

Step 4 - Develop and present the plan.

Step 5 - Implement the plan.

Step 6 - Monitor the plan.

Documentation is a key component of each of these six steps.

The components of the comprehensive plan include: (1) Retirement Planning (2) Cash Flow Management
(3) Tax Planning (4) Debt Management  (5) Investment Management (6) Estate Planning.

I include recommendations and an Action Plan which serve as stepping stones to the gradual achievement of your objectives. The report visually displays the improvement in your financial position resulting from the implementation of the Recommendations and Action Plan.

By strictly following this defined process we are assured of producing a report that is complete and more than satisfies your requirements.

*This information for Canadian tax payers is given in good faith and is relevant under existing Canadian tax legislation. It must not be construed as professional tax advice.  You should consult your certified tax professional who can advise you personally having taken into account all your own particular circumstances.

All mutual funds and approved exempt securities are provided by Portfolio Strategies Corporation. All other products and services are provided by Brian Lepicq.