The inescapable logic of financial planning

Because the future arrives in two ways – slowly, then all at once

May 25, 2017

At Cooper Schneider Financial our core belief is that rigorous, robust financial planning is the key to long-term wealth building success. And by financial planning we don’t just mean day-to-day money management. True financial planning is much more fundamental and comprehensive than that and involves taking six key steps:

  1. Establish your goals in life – short, medium and long term
  2. Work out what assets and liabilities you have – write them down
  3. Evaluate your current financial position – how close are you to achieving your goals?
  4. Develop your plan – create a route map for achieving your different goals
  5. Implement your plan – make the changes and make it happen
  6. Monitor and review your plan and make adjustments when needed

At Cooper Schneider Financial we are fortunate to enjoy a wide and powerful range of specialist expertise, drawn from the ranks of Scotia Wealth Management, to help us develop a bespoke financial plan designed to fit the particulars of your life.

Our financial planning process

Our process starts with a well-considered analysis that takes into account the various aspects of your life and finances – resulting in a deeper understanding and action plan for your current situation. That means starting with a rigorous examination of your unique situation: your assets, your concerns, and your short-, medium- and long-term goals.

A tailored financial plan

Collaborating closely with you, and supported by a team of Scotia Wealth Management specialists, we will work together to define your goals, and identify gaps in current plans that may need attention and new opportunities that can be realized. Making your retirement income more tax efficient is one example. Using strategic borrowing to execute an investment strategy is another. And there are many more.

Understanding the entirety of clients’ lives

In other words, financial planning is not single-service, product-focused advice built around investments only. There are unlimited amounts of information on personal finance out there, but what isn’t available is context for that information, and a true understanding of how our expertise can help individual clients with their needs and goals.

Our job, through the financial planning process, is to understand the entirety of clients’ lives. Deep financial relationships aren’t forged simply or quickly. They’re the result of spending time with clients, listening to them and looking at their lives holistically. Ultimately, financial planning is a collaborative process that brings together our insights, expert opinions and your hard-won experience – to create a robust, durable wealth building strategy.

Daryl Cooper, Portfolio Manager, Scotia Wealth Management, 306-343-3255.
Colleen Schneider, Wealth Advisor, Scotia Wealth Management, 306-664-1860.