Holistic Financial Security Planning
First I will look at your current situation. Then, I look at your desired situation, where you want to be with your money and your family five, 10 and 30 years from now. For me, that’s the most important of all of our discussions.
Then I do further analysis, and provide you with courses of action. I’ll make recommendations, you make a decision, and then we review your financial security plan as often as you feel comfortable or at least twice a year. Over time, your financial security plan gets more focused, and no matter what the market environment, you have a flexible plan that can help you achieve your goals.
Insurance Planning
Probably the most important service I offer. If we don’t take care of our loved ones today, then they could be in real trouble tomorrow. Getting your life insurance needs taken care of when you’re young and healthy is wise, cost effective, and potentially lucrative to your retirement.
Investment Planning
Will you have enough money to maintain the standard of life you want in retirement?
There’s so many interesting products out there that can help someone invest and save for retirement, to fund for a large purchase in the future, or maybe just for a rainy day. It’s easy to feel bombarded and overwhelmed. I help educate my clients about their options and help them choose one that’s right for their current situation, so that each portfolio is diversified, but focused.
Living Benefits Planning
Living benefits (individual critical illness and disability insurance) is often ignored by many people until disaster strikes, at which point, it’s too late. Many Canadians are content to have their group benefits take care of their long-term disability needs, but may be unaware for how much of their income they’re covered. Many group plans also don’t pay a lump sum in the event of critical illness. The sad fact in this case is that expenses often increase when someone is struck with cancer, heart attack or stroke. Having lost my mother to cancer, I know this to be true.
Many small business owners put off personal disability insurance as an expense for later. Would their financial security plan be stable if they couldn’t work? Shouldn’t you insure your ability to earn an income in the event of disability or critical illness?
Liquidity Planning
Most experts agree Canadians should have two to three months readily accessible cash in the event of a financial crisis or emergency. However, life can get in the way of good intentions. A cash flow analysis can help put your needs and wants into perspective.
Group Benefits Planning
A good boss is a good leader, someone who realizes that his or her employees are the greatest resource of any successful business.
However, retaining and taking care of quality people is difficult. A comprehensive group benefits plan can help you keep your most productive, most motivated employees and it’s more cost-effective and tax-efficient than handing out raises.
Charitable Giving Planning
“The Lord bless thee and keep thee,
The Lord make His face to shine upon thee
And be gracious unto thee.
The Lord lift up His countenance upon thee
And give thee peace.”
~ Numbers 6:24
Retirement and estate financial planning aren’t priorities for everyone. Many clients want to leave a legacy of doing great things for others with their finances. I can show you ways to make giving to others tax efficient, so you can give that much more.
Solutions to meet your needs
Financial products are part of a well-thought-out financial security plan. I’ll help you make sure the financial security products you purchase address your specific needs.
Freedom 55 Financial offers London Life’s own brand of savings and investments, retirement income, life insurance, and mortgages. In addition, I can offer a broad range of financial products from other financial institutions. Through my mutual fund dealer Quadrus Investment Services Ltd., wholly owned by London Life, I can offer you powerful investment choices through the exclusive Quadrus Group of Funds.
- Individual life insurance
- Segregated fund policies, registered retirement savings plans (RRSPs)
- Payout annuities, registered retirement income funds (RRIFs) and life income funds (LIFs)
- Individual disability insurance
- Individual critical illness insurance
- Individual health and dental insurance
- Business insurance
- Group insurance
- Group retirement plans
- Mortgages
- Mutual funds, Registered education savings plans (RESPs), RRSPs, RRIFs and tax-free savings accounts (TFSAs)
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.