Comprehensive Financial Planning

A comprehensive financial plan can help determine your financial needs not only for today but also for the future.

Free Consultation

Our service begins with a free consultation, which will provide you with an assessment of your current situation and identify areas you should be focusing on. After that, drawing on our expertise in financial planning, we’ll create a precise plan detailing how you can reach all your financial goals. You will learn how to:

  • Take advantage of retirement savings plans
  • Use RRSPs effectively
  • Establish an appropriate cash reserve
  • Invest new savings
  • Develop an educational savings plan for your kids
  • Make comfortable decisions about investment risk
  • Adjust your current asset allocations
  • Establish a diversified portfolio of stock and bond mutual funds, including lists of recommended funds
  • Protect your goals in case you or your spouse dies
  • Determine if you have the correct amount and type of life insurance

From long experience, we can tell you with certainty that the sooner you begin the process of developing a financial plan and saving for the future, the more quickly you will achieve the financial goals you set for yourself.

Benefits of Financial Planning

  • Keeps you on track with your current financial affairs
  • Helps with planning for retirement
  • Allows you to be better equipped for emergencies

Related Information

  • Why Prepare a Written Plan?

    Why Prepare a Written Plan?

    Financial planning isn’t reserved for those with big incomes or huge investment portfolios. The whole idea behind planning is to ensure that you’re doing everything that you can to accomplish your goals. The process of creating a written plan forces you to think through your financial objectives, the amount of risk you’re willing to assume and other key practices of sound investing.

    Anyone with a financial goal will benefit from the affordable and convenient financial planning offered by GP Wealth Management. With the help of a professional financial planner, you can develop a plan that is personal to you. It starts by downloading and completing a detailed financial planning questionnaire.

  • Financial Planning FAQ

    Frequently Asked Questions About Financial Planning

    In this FAQ, we answer the most common questions asked about financial planning. If you have any specific questions, send us an email, and we would be pleased to help.

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    What is covered in a customized financial plan?

    We cover the following areas when preparing a financial plan:

    • Cash Flow Statement
    • Net Worth Statement
    • Estate Needs Analysis
    • Disability Income Needs
    • Retirement Plan
    • Investment Analysis
    • Tax Planning & Projection
    • Education Funding

    How do I get started?

    Start by downloading and completing a detailed Financial Planning Questionnaire. Then give us a call and we will review it with you and prepare a detailed written plan specific to your needs.

    financial planning questionnaire

    How often should I update my financial plan?

    Preparing a financial plan is where our personal service gets started. We provide you with ongoing reporting on all of your investments including:

    • Regular reviews of your personal finances with your financial planner
    • Online access to your accounts
    • Access to state-of-the-art research that is current and specific to your investments

    What if my plans change?

    We created the service with you in mind. You can contact a financial advisor right here through our website with your new information. Or you can set up an appointment to meet in person to discuss your changes.

  • Financial Planning Questionnaire

    Financial Planning Questionnaire

    This document is designed to help you collect and organize the information needed to develop your comprehensive financial plan.

    Financial Planning Questionnaire

  • Six Steps to Financial Planning

    Six Steps to Financial Planning

    Financial planning isn’t reserved for those with big incomes or investment portfolios. The whole idea behind planning is to ensure that you’re doing everything that you can to accomplish your goals. Here are the six steps to get you started.

    Setting Goals and Objectives

    Give some thought to your financial goals – some may be short-term in nature (buying a car), others long-term (planning for retirement). Assign each one a time frame and put them in order of importance to you. These goals are the building blocks of any sound financial plan.

    Data Gathering

    Begin by organizing your financial documents:

    • Investment statements
    • RRSP statements
    • Group Benefits Information
    • Latest Pension Information
    • Pay stub
    • Life insurance policies
    • Latest tax return
    • Mortgage information

    Assess your current financial situation by completing a Net Worth Statement and a Cash Flow Worksheet.

    Analysis

    Depending on the goals you have set out in Step 1, you and your financial planner will need to perform some further analysis to define a roadmap to help you achieve your goals. This may include analyzing your retirement, education, debt or insurance and estate planning needs.

    Recommendations

    Now that you have established goals and objectives and your financial planner has analyzed your current situation, you will want to review the recommendations set forth by your financial planner. These recommendations represent the strategy towards attaining your goals. Very important stuff!

    Implementation

    Once the preparatory work of analyzing, determining and calculating is finished, the most important step is implementing the recommendations to ensure your goals are reached. This is where you and your financial planner execute the plan.

    Monitoring and Periodic Reviews

    Finally, monitoring and periodic reviews by both yourself and your financial planner are critical to ensuring your success. Your financial situation should be reassessed at least once a year to account for any changes in your situation. Achieving your goals and objectives are the ultimate measure of success and that is what a financial planner with GP Wealth Management will help you do.

    Download the PDF version of this article

    Six Steps to Financial Planning

The Value of Advice

Canadians with financial advisors are more confident about their future.

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Client Relationship Document

We’ve developed a plain-language document that describes the relationship between you and your GP Wealth Financial Advisor or Planner.

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To obtain access to your accounts, email us or contact us at 1-800-608-7707 ext. 242.

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