RSS

View All

Check your financial health, consult a financial planner

Answers to your questions, and more

 

Where do I start?

For optimal financial planning, all seven financial planning areas should be covered: finance, investment, taxation, retirement planning, legal aspects, estate planning and insurance. Financial planners are trained to guide you through this process.

Although sometimes a financial planning mandate may be limited to one or a few of these seven areas to fulfil a specific or immediate need, ideally a complete analysis should be undertaken. Your personal finances are affected by many aspects of your life. Your personal and family situation, financial situation, tax situation, retirement planning situation, estate planning situation and risk management situation are all related and they all have an impact on your financial planning. How can you plan properly if you don't take everything into consideration? And how can you figure out where you are and where you're going?

First of all, answer these three general questions:

  • Right now, do you think you are in a position to meet your personal and financial goals?
  • Do you know the difference between a financial planner, a securities broker and a group savings representative? Which one can help you with your specific needs?
  • Have you spoken to your financial planner over the last year?

If you answered no, it's probably time for you to take your financial planning more seriously! Our list of questions to ask is a good place to start your reflections on your financial situation. They are taken from the Check your financial health, consult a financial planner brochure.