Financial Planning with Total Wealth Solutions

Get started with a plan that’s made just for you.

A well-crafted financial plan is the foundation for your total wealth management strategy. It clarifies your goals, guides your financial decisions, flags potential risks to your financial growth and tracks your progress over time. It’s an essential first step to building wealth and creating order in your financial life as you live it.

KEY BENEFITS OF A FINANCIAL PLAN

Developed through a detailed exploration of your unique situation, a financial plan should be both comprehensive and highly personalized. It’s a cohesive strategy that:

• Gives you a big-picture view of your overall financial health by outlining your assets, your debts and your projected wealth over time.
• Helps you set short-term, mid-term and longer-terms goals like paying for education and retirement, and keeps you focussed on making progress toward them.
• Analyses the value of your current wealth strategies and offers proactive, efficient suggestions for ensuring you meet your personal and financial goals.
• Answers questions based on your personal financial circumstances and goals, such as whether you should prioritize saving in a Registered Retirement Savings Account or Tax-Free Savings Account.
• Uncovers opportunities and risks that you may not recognize on your own.
• Increases your confidence to make decisions about money knowing you have a proactive plan for building wealth specifically created for you.

ELEMENTS OF A FINANCIAL PLAN

To be truly effective, your financial plan should be flexible and updated regularly as circumstances change and you move closer to your evolving goals.

It’s an integrated approach that encompasses many of the following wealth topics:

• SAVING AND INVESTING
• Starting with a review of your current income and spending needs, your financial plan will help you set realistic savings targets and employ debt management strategies to help grow your wealth.
• TAX PLANNING
• Reducing your tax burden allows you to free up capital for other meaningful goals such as special projects, charitable giving, retirement, or adding to your investments. From maximizing credits and deductions while you’re working to efficient drawdown strategies in retirement, tax management is a fundamental part of a comprehensive financial plan.
• INSURANCE SOLUTIONS
• Insurance can be used to protect your household income from uncertainty, diversify your investments or facilitate an intergenerational wealth transfer by mitigating estate taxes. Your insurance needs should be reviewed at every stage to include options for life, critical illness and disability insurance, or annuities based on your overall wealth requirements.
• RETIREMENT INCOME PLANNING
• A solid financial plan that covers retirement projections and income strategies will help to see you through one of life’s most significant and anticipated transitions. Early planning can guide you toward taxefficient accounts and investments that support a comfortable retirement lifestyle.
• ESTATE PLANNING
• Your values and plans for the future of your wealth require careful and detailed attention. A solid financial plan starts with a will to ensure the orderly transfer of your estate and may expand to include trusts, insurance solutions and philanthropic opportunities to secure your legacy.

Our Total Wealth Solutions approach helps you define and reach your financial goals at every stage of life.

Securities-related products and services are offered through Raymond James Ltd. (RJL), regulated by the Canadian Investment Regulatory Organization (CIRO) and a Member of the Canadian Investor Protection Fund. RJL financial/investment advisors are not tax advisors, and we recommend that clients seek independent advice from a professional advisor on tax-related matters. Insurance products and services are offered through Raymond James Financial Planning Ltd., which is not regulated by CIRO and is not a Member of the Canadian Investor Protection Fund. Solus Trust Company (“STC”) is an affiliate of Raymond James Ltd. and offers trust services across Canada. STC is not regulated by CIRO and is not a Member of the Canadian Investor Protection Fund.