by Guy Potvin, CFP, CIM
To determine retirement income goals and the actions and decisions necessary to achieve those goals.
Create and implement a retirement plan that identifies a strategy to fund post retirement income needs. Consideration will be given to current financial position, private and government pension programs, as well as other retirement objectives and constraints. Anticipated cash flow shortfalls and other potential retirement barriers will be highlighted along with strategies to overcome them. Investment strategies will include appropriate asset allocation models and the recommendation of suitable products.
- Gather Client Data: I will collect from you pertinent financial information including your retirement goals, needs and priorities. This will be done through a combination of face-to-face interviews, data collection questionnaires, telephone and email communications.
- Review and Analyze: I will review and analyze all of the information that you provided that is relevant to this engagement. I will seek to identify problem areas or opportunities with respect to your goals and objectives.
- Develop and Present Plan: I will develop and prepare a plan tailored to your goals and objectives, values and risk tolerance, while providing projections and recommendations. My recommendations will include a personalized retirement strategy identifying investment plans and parameters suited to your needs and risk tolerance. You may choose to accept my preliminary recommendations or you may request modifications.
- Implementation of Plan: I will present the final plan and assist you in implementing the strategies that we have agreed upon. This may include the recommendation of products and preparation of investment account applications with corresponding transfer documents and pre-authorized payment plans. If you have chosen to compensate me on a fee for service basis, I will then include my invoice which is due upon receipt. If you have chosen to compensate me on a commission basis, I will require you to sign your opening account applications and corresponding documents.
- Monitoring and Updating:We should meet annually to review investment products that you hold under my dealer advisor number. During this meeting, we will review your products, their current asset allocation and I will then recommend required adjustments including portfolio re-balancing, adopting new target allocations or modifying current holdings. These annual investment reviews are included at no charge for all products held under my advisor number. At your request, I can also update other financial plans including retirement cash flow projections, education objectives, specific accumulation goals, etc. These other financial plan updates are subject to a separate compensation arrangement.