Since 2002, Good Redden Klosler has been developing its wealth management division with a combination of talent, resources and access to a national network of associates. Our advisors provide you with the service, advice and strategic support required to manage your finances today while planning for your future.
We believe the keys to effective wealth management are the identification and analysis of the interrelationships among sometimes conflicting objectives. Whatever your financial goals are, Good Redden Klosler can help you create a personalized plan that works for you.
Through The Growth Experience™, Good Redden Klosler’s wealth management professionals create tailored financial plans based on each client’s individual position and needs. Your advisor will provide strategies that reflect your personal goals and complete financial situation (including income and expenses, assets, liabilities, investments, taxes, and financial risk). This proven approach reflects the standards set out by the Financial Planning Standards Council (FPSC®) of Canada, and will help balance everything you want today with what you’ll need for a comfortable future.
We strongly believe:
Comprehensive Financial Planning is not just about investments.
Wealth Management incorporates risk and tax minimizationas well as succession planning.
Coordination of outside resources is integralto the success of any comprehensive financial plan.
A client’s confidence is a direct function of their understanding.
The ultimate measure of our success, is our client’s success.
Complete Growth Assessment (income, expenses, assets, and liabilities)
Gather all necessary information and documents
Sign Letter of Engagement
Confirm accuracy of information and direction
Presentation of preliminary assumptions and financial plan
Identify inhibitors and opportunities
Confirm accuracy and completeness of information
Ensure the plan is progressing along your desired path
4. Presentation of Financial Plan
Observation, Recommendations and Action Plan
Present your tailored financial plan
Prioritize goals and objectives
Establish an appropriate review cycle
Coordination of the next steps required for success
Begin implementing the recommendations discussed
Coordinate the required financial and legal professionals as required
6. Monitoring the Financial Plan
Follow up to review and revisit plan success
Schedule updates and reviews to ensure progress is made and your goals are met
Review any changes in your circumstances
+ 6 Critical Branches
Your financial plan will help you understand and make decisions regarding conflicting aspects of your specific situation. As your unique situation changes, your advisor will help adjust your plan accordingly.
Your comprehensive financial plan will include 6 critical branches:
+ Net Worth Projections
Summarize current and future assets and liabilities
Review of business valuation and succession planning
+ Cashflow Planning
Analyze your current and projected lifestyle costs
Discuss debt management
Complete an education funding analysis
+ Retirement Planning
Assess your ability to retire in relation
+ Investment Analysis
Summarize your existing investments and asset allocation
Analyze your current portfolio construction tax and efficiency
Discuss your capacity and willingness to take investment risk
+ Risk Management
Summarize and review your existing insurance coverage
Complete an insurance needs analysis
+ Estate Planning
Review your current wills and powers of attorney
Analyze your current and/or future net estate values and planned allocation
Engagements include strategies to suite your customized needs, both for individuals and businesses, and are available on a fee-for-service basis.
This engagement is for clients who are recently retired or are looking to retire and are curious or concerned about whether their income stream will be enough to support their retirement lifestyle. This includes a detailed analysis of projected income sources (RRSP, RIF, Non-Registered Investments, OAS, CPP).
Personal Financial Plan
This plan is for individuals who are focused on achieving specific financial goals. We provide guidance in the 6 critical branches of a financial plan. It includes a detailed analysis, observations, recommendations and an action plan to support your present situation and your future.
Comprehensive Financial Plan
Tailored to professionals and business ownermanagers, these plans are more complex than a Personal Financial Plan. They include a complete written analysis of every financial aspect of your situation as well as recommendations and an action plan. All 6 critical branches are incorporated into the plan.
To find out which engagement is right for you, please contact us today.