The Michie Wealth Management Group believes that a financial plan is imperative for a client to achieve financial success. We offer a customized financial plan for every client as part of our wealth management services.
What is a financial plan?
A financial plan looks at where you stand today versus where you would like to be in the future. Every plan produced by our team is fully customized to each individual client. Each plan considers all of your life goals, and sets a road map on how to achieve these goals within the timelines you have targeted. This process is much more than just a budget, cost cutting, or investment strategy – it provides insight and strategies on all facets of wealth management such as:
- Cash flow analysis
- Impacts of market changes or unexpected life events
- Will and Estate Planning
- Insurance strategies
- Retirement income strategies
- Tax reduction strategies
What can a financial plan do for you?
The most important thing that a plan provides is peace of mind.
The results of a three-year study of 15,000 Canadians, completed by the Financial Planning Standards Council showed that people who participated in the financial planning process tend to have significantly higher levels of financial and emotional well-being. Clients involved with a Financial Planner better understand their cash flow, know the strategies used to achieve their financial goals, and are more prepared for unexpected life events.
How do we do it?
The financial planning process is completed through a simple 4-step process: