Financial Planing

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Financial Planning

Our philosophy is that Financial planning involves taking a holistic, big picture view of your lifestyle as it relates to your current finances and future goals. A complete plan will uncover what’s most important to you, and together we will build a roadmap on how to get you there.

Not everyone has the same financial goals. Each individual has their own values and things that they want to accomplish. There are a few key areas that you might want to focus on, and that’s where we can help. Certain things are more important to some people than they are to others. We believe in asking the right questions to uncover what the most important things are.

Everybody’s situation is vastly different. You should have a plan that’s unique to your situation and accomplishes the things that are most important to you. There’s a lot more to a financial plan than simply picking the “right investment,” but this is often what people focus on the most.

Financial Planning FAQs

Comprehensive financial planning addresses many different areas. Some of these areas include but are not limited to retirement planning, insurance planning, tax planning, and estate planning.

Financial planning can refer to many different areas such as retirement planning, investments, taxes, risk management, and more. Budgeting usually refers to cash-flow – what money is coming in and where it is being distributed to.

Wealth management services may include (but are not limited to) investment and management advice, retirement planning, accounting, and estate planning.

Most advisors will not charge an initial consultation fee.

In your initial consultation, it is good practice to discuss how the advisor will be compensated if you choose to continue using their services.

There are several different compensation models that advisors use in Canada. The most common method is by receiving a trailer, which is a small percentage of their assets under management. Some advisors choose to be compensated by a fee for creating a financial plan, but then have little or no follow up after they are compensated.

As soon as you have an income or any debt, you should implement basic financial planning steps such as understanding your cash flow, repaying loans, and saving monthly. As your financial situation becomes more complex, it may be a good idea to consult a professional.

Financial planning plays an important role in your overall mental health and well-being. It is a tool that can vastly improve your financial situation by uncovering what is most important to you and creating a plan on how to achieve it. The essence of financial planning is creating peace of mind.

Studies show that people who utilize a financial planner will often have more savings for their retirement. As you age, your financial situation will often become more complex due to children, houses, extended family, debt, retirement, risk management and taxes.

A good financial planner will mitigate your risks by implementing a plan that addresses your most pressing financial issues.

Financial Planning

You can get started on your financial plan right now by completing a short form to help our advisors better undertsand your financial situation. It takes less than 5 minutes, and after you’re done a ReFrame advisor will give you a call to dive into the details.

To complete the form there’s some information you’ll need to know:

  • How much money do you have in any RRSP / TFSA accounts
  • How much are you paying for any crital illness / disability / life insurance policies

Don’t want to wait?
Connect with us now.

How We Work

Step 1: You tell us a bit
about yourself

Step 2: Book a online consultation
with an advisor.

Step 3: One-on-one review of your
current situation.

Step 4: Implementation of your
personalized plan.

Financial Planning

Aaron explains what Financial Planning entails, and how you can use it to reach your goals.

What does your Financial Plan include?

A comprehensive financial plan covers every area of your financial life, from investments and real estate to insurance and retirement planning. There are a number of financial planning areas that a comprehensive financial plan may take into account:

Financial Management

Your current and projected future financial position, including cash flow (the balance of what you’re earning, spending and saving), budget and net worth.

Insurance and Risk Management

Strategies to minimize your exposure to unexpected financial loss due to death, health issues, property damage, business and other risks.

Investment Planning

Managing your investments based on past experience, attitudes, objectives, times horizon, risk tolerance and need for income.

Retirement Planning

A path to follow should you choose to slow down or stop work altogether. Comparing your desired retirement lifestyle with retirement assets, planned savings, expected sources of income and return on investment.

Tax Planning

Your current and future tax obligations and strategies to minimize or defer taxation on personal and/or business income.

Estate Planning

Estate planning includes arranging for payment of expenses and obligations after your death, as well as transfer of your wealth and other assets to successors in a tax efficient manner as specified in and outside your will.

Legal Aspects

Legal aspects cover your legal rights and obligations including, third party obligations, shareholder, partner or trust agreements, and powers of attorney or mandates.

The purpose of a financial plan is to create peace of mind and allow you to focus on the things that are most important to you. If you have addressed all of these areas that’s great! If not, then let us know below and we’ll reach out to you through your preferred method of contact.





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