Preparing for Your Initial Meeting

Discovery Meeting

Before the first planning meeting, a short conference call is scheduled to summarize your primary goals and outline the process I use. This helps ensure that the financial services I provide are in line with your needs.

First Planning Meeting

In this meeting, we document the following in a Client Engagement, Product and Disclosure Document.. This document covers the following.

your specific goals, priorities and timeline,
what each other’s responsibilities are,
the fee for the plan,
if there are any conflicts of interests.

Please provide a copy of all financial information pertinent to what we will be discussing. Here are general suggestions.

Income Information:

Gross Income details. A pay stub or list of income sources such as Canada Pension Plan, Old Age Security and/or company pension payment details.
Notice of Assessment from CRA

List of Personal Assets:

principal residence details – estimated market value and if there is a mortgage, what is the debt structure (i.e mortgage details).
other properties, what they cost, estimated market value and if financed, what is the debt structure (i.e mortgage details).
Investment Assets: RRSP, bank accounts (please bring a detailed recent statement).
Registered Pension Plan Information
A company pension plan statement which details early retirement options.

Estate Planning Details:

Life Insurance, critical illness, disability and/or long-term care policies owned personally or in group plan.
Any other benefit plans available to both of you.
Information about current Will and Powers of Attorney

Note: For fee-for service clients, 50% of the agreed upon fee is due at this point.

After this meeting, I analyze your information and determine recommendations.

Second Meeting

At this meeting, I present recommendations based upon your goals and priorities. It’s all contained in the Wealth Management Binder.

For fee-for-service clients the balance of the agreed upon fee is paid.

At that point, the plan is yours to keep with all documentation and you may implement the recommendations at your discretion.

Annual Review Meeting – Face-to-Face

Because life is always changing, I highly recommend an annual review for all clients.

Fee-for-service clients may request an annual review to keep their financial plan up-to-date. The fee is quoted upon request.

For existing asset-based planning clients: If you maintain an account value above $50,000 and have implemented your Financial Plan with me, the annual review and ongoing monitoring is included at no extra cost.

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