Financial PlanningRogers Group Financial advisors develop with, and implement financial plans for, their clients. We recognize that each client, family or business has its own unique set of goals and objectives. These specific circumstances drive the customized financial plan we create for each client, and that plan may include elements from any / all or several different planning areas. Below is a brief description of the six different principal planning areas addressed by our advisors: | 1. | Cash & Debt Management
One of the foundations of good financial planning is determining the best use of cash and debt. Your Rogers Group Financial advisor will assess your existing cash and debt situation, and offer a recommendation as to the most efficient use of your cash, and whether or not your debt is most optimally structured. Your advisor can also assist you in developing a personal budget, if required. | | | 2. | Investment Planning
How your investments are structured will, in part, determine your tax situation, your risk exposure and the potential return on your investments. Your portfolio will be assessed and recommendations will be made based on, among other things, your objectives and risk tolerance. Asset allocation will be discussed and your advisor will suggest alternative investments to you, as appropriate for your situation. | | | 3. | Retirement Income Planning
Personal retirement savings, employer pension plans, non-registered investments, CPP and OAS generally form the basis for most individuals’ retirement income. All of these areas will be addressed, and recommendations will be made based on your retirement goals, your current and (likely future) tax status, your family situation and your risk tolerance. Our advisors will consider the integration of government-sponsored income plans with your personal portfolio in order to structure your retirement income in the most efficient manner possible. | | | 4. | Risk Management/Insurance
For many people, protecting their family and assets is of utmost importance. Your advisor will analyze your protection needs, assess any existing programs you may have, and advise you of areas requiring attention. These areas may include life insurance, key person insurance (should you be a business owner), disability insurance, critical illness insurance, long-term care coverage and extended health insurance. | | | 5. | Estate Planning
Ensuring the orderly transfer of a client’s estate to his or her beneficiaries usually forms a substantial part of that client’s financial plan. Our advisors are knowledgeable about the tax laws governing the transfer of investment and other assets at death, and can advise you as to the most favourable manner in which to structure your current holdings. If required, you will also be advised on the subject of “living wills” and powers of attorney, and can be referred to a lawyer for more detailed estate planning at your request. | | | 6. | Business Continuation & Succession Planning
Most business owners want to know that, in the event of their death or disability, their business will either (a) continue to operate smoothly under new management/ownership; or (b) will cease operations and an orderly transfer of assets to beneficiaries will occur. Careful tax and investment planning will assist you in meeting your personal objectives for the future of your business. | |
The advisors at Rogers Group Financial are committed to looking at the big picture. Although (based on your circumstance) some of the areas noted above may not become part of your customized financial plan, each area will be discussed. Should you have any questions about financial planning at Rogers Group Financial, please contact one of our financial advisors, or direct your inquiry to our general mailbox.
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