I
explain my role to each potential client before accepting that individual as a client.
I believe that a good advisor will not only follow the financial markets and
make sense of them, but will also create a chart outlining each client's goals.
I look at where the client stands today and where they want to be later in life.
From there, I can recommend an appropriate wealth management strategy and go
through the entire process with the client.
Starting Early
'As
early as possible' is my advice when asked what is the best age to start saving
for retirement. All too often I see people in their 40's and 50's who have
just started to think about their retirement. They want to get out of debt
first, and it's scary!
You need to start planning for your retirement as
soon as you can. Why? Because for most people, it's not going to be
like it was for older generations, where you worked for a company like Imperial
Oil for 30 years and got a cheque when you retired. People change jobs,
start new careers, go back to school. A personal pension is not a
guarantee for people who will retire decades from today. I strive to
impart these facts into my younger clients and reach out to them through
education.
Sometimes
people don’t have an advisor because they would rather go at it on their own.
That’s great if you have the time and dedication to properly manage your wealth.
But if you’re busy pursuing your other interests, like your career or business,
an advisor is a valuable resource.
Working together with you as your partner is very important to me. To help us
focus on achieving your financial goals, I recommend a non-commission approach.
Instead, I prefer to be compensated for my services based on the size of an
account. That way, if I can make your account grow from $1 million to $2
million, my compensation increases, likewise, if your account decreases, my
compensation decreases as well.
I
explain my role to each potential client before accepting that individual as a client.
I believe that a good advisor will not only follow the financial markets and
make sense of them, but will also create a chart outlining each client's goals.
I look at where the client stands today and where they want to be later in life.
From there, I can recommend an appropriate wealth management strategy and go
through the entire process with the client.
You need to start planning for your retirement as
soon as you can. Why? Because for most people, it's not going to be
like it was for older generations, where you worked for a company like Imperial
Oil for 30 years and got a cheque when you retired. People change jobs,
start new careers, go back to school. A personal pension is not a
guarantee for people who will retire decades from today. I strive to
impart these facts into my younger clients and reach out to them through
education.
Sometimes
people don’t have an advisor because they would rather go at it on their own.
That’s great if you have the time and dedication to properly manage your wealth.
But if you’re busy pursuing your other interests, like your career or business,
an advisor is a valuable resource.