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PUTTING YOU IN CONTROL
Financial Planning

Financial planning is more than just balancing your bank account or choosing the right investments. A comprehensive financial plan looks at all aspects of your financial situation and how it might evolve to meet your life goals. A good financial plan puts you in control, increases your confidence and reduces anxiety. Chalten advises clients to plan well, check progress periodically, but otherwise don't worry! If you plan well, you can better enjoy the day to day of life’s journey without constantly worrying about the future.

Here are some life goals we hear:

  • At some point we’d like to do a lot more travelling.
  • I’d like to retire from my job by the time I’m 55 so I can do something different and spend more time with my family.
  • Being in debt makes me feel uncomfortable so I’d like to pay off my mortgage in the next 10 years.
  • We want to pay for university for our children and help them with their first home purchase.
  • I want to have a vacation property to escape to on the weekends.
  • I want my family to be comfortable if something happens to me.

Common elements of a financial plan might include some or all of the following:

  • Cash flow management – analyzing income and expenses to determine whether or not you have sufficient cash flow to meet your current and future needs
  • Debt management – ensuring that debts such as student loans, mortgages, credit card debt and other liabilities are considered carefully within your cash flow and savings planning
  • Retirement planning – ensuring income, expenses and investments all line up to meet your retirement goals
  • Estate planning – making sure your assets are protected as your estate transitions to the next generation or to your spouse
  • Insurance needs analysis – ensuring there is enough to take care of your family if something happens to you
  • Investment planning – getting the right investments in the right place (eg. RRSP, TFSA, RESP, business, etc.) to suit your situation and long term financial goals

Financial planning is often provided as a free add-on to the purchase of investment funds, securities or insurance products. It is not free, likely overly focused on investments and certainly not independent. You need an independent financial plan that puts your best interest first.

How We Work Together

If you’d like to work together with us to develop a comprehensive financial plan, then please expect the following steps:

  1. An initial consultation and information gathering meeting to discuss your goals and needs
  2. Follow up discussion – Chalten’s proposed way forward
  3. Further information gathering as necessary
  4. Analysis and plan development
  5. A presentation of findings and recommendations including a customized implementation strategy and next steps
  6. Ongoing plan implementation and investment management execution – we stay with you to ensure your plan evolves and succeeds to meet your life goals.

In addition to helping you create and execute a comprehensive financial plan, Chalten can also help with more specific one-off issues such as business planning, education tuition planning, home rental vs. buy decision, retirement and pension decisions. Furthermore, if you’re choosing to implement your own investment plan but just want some periodic guidance and help, you may want to retain some of our time for a periodic check-up.

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We help you feel empowered, confident and in control.

We provide independent and fairly priced advice.

Our only source of compensation is directly from you.

A good financial plan will increase your confidence.

We employ an evidence based approach to investing.

Our approach contrasts that of many advisor services.

Chalten Fee-Only Advisors Ltd.

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