My Vision
To help clients organize their personal resources and reach agreement on how to use their resources to achieve their Vision of Life and satisfy their personal needs.
What's Important to You?
Helping you create a shared vision of your life together and build a financial structure to support that vision. |
FOCUS ON WHAT YOU CAN CONTROL
Every mutual fund has a price tag—and every penny taken out of your account to cover expenses is a penny that can't help you reach your goals. An essential first step toward becoming a successful investor is, understanding what you can control, and what you can't.
Rate of return is only one piece of the investment plan and you have very little control over it other than to try to keep your investing cost down.
An Investment Policy Statement and Investment Plan can help you FOCUS ON WHAT YOU CAN CONTROL. When properly done and reviewed regularly the IPS will provide clarity and guidance in the investment decision-making process and is meant to ensure the prudent management of your investment funds. The Investment Plan will reveal whether or not the current path that you are taking will get you to the desired goal by the target date, and if it has veered off course, you can decide what appropriate action to take before it’s too late.
WATCH YOUR BOTTOM LINE
Keeping investment costs and taxes low is crucial to reaching your financial goals. High investment costs can mean less money compounding for you over time and less income in retirement.
While no one has the power to dictate the market's daily ups and downs, you can control how much you pay to invest.
Every mutual fund has an expense ratio—a percentage of the fund's total assets are deducted from the portfolio and used to cover administrative expenses. For some, it's as high as 2.50%, meaning you'd pay $250 annually for every $10,000 you've invested.
Those expenses add up, and they can create a major drag on net investment performance. Here's an example. Let's say you have $200,000 to invest, and you are considering the CI Canadian Investment Fund series “A” and the CI Canadian Investment Fund series “F” which are identical in every respect except one: Fund series “F" has an expense ratio of 1.31%, and Fund series “A" has an expense ratio of 2.37%. An investment made on November 1, 2000 into the series “F” fund would have grown to $ 528,600 while the series “A” fund would have growth to $ 478,158 a difference of $ 50,442 over 10 years.
It's easy to overlook investment costs, especially when investment companies don’t report the actual amount of fees that you have paid but simply report the value of your holdings net of fees.
The product of the Financial Planning process is not in the written document but in the learning and decision making experience of the process.
Focus on issues that affect the success of a goal centred financial plan.
Freedom to react to changing circumstances without having to consider the cost of moving.
Flexibility to choose investment options that are best suited to your plan.
Transparency of advisor fees means you pay only for the services you want and the advisor fees may be tax deductible.
Quick Facts and Figures
