Every person's situation and Wealth Management needs are different. Therefore, we take a holistic approach, to create and implement a custom-tailored plan to meet your objectives. It is flexible to respond to changes in your life and disciplined to maximize your financial returns.
Step 1: Getting to Know You
Developing a trusting relationship with our Wealth Management team and sharing a common investment philosophy is key to your success. Together we will discuss your goals, investment objectives, income needs, tax issues, will and estate concerns and visions for your future. Where do you want to be and what are your family wishes?
Step 2: Structuring a Custom Designed Financial Plan
By understanding your goals, we will translate your passions and priorities into a recommended Financial Plan. Our plan will address strategies to implement regarding your retirement projections, minimizing taxes, investment proposal, insurance needs, protecting your family, will and estate goals and charitable giving. Your Financial Plan will guide our relationship.
Step 3: Building and Implementing an Investment Plan
Based on objectives identified in your Financial Plan and from detailed conversations and meetings with you, Liviniuk Wealth Management Group will construct an plan for your investment portfolio unique to your situation. Our plan will also consider any tax issues and income splitting opportunities you may need to consider. Our ongoing portfolio management will use a strict re-balancing discipline. Whether you are planning for retirement or already reaping the rewards of retirement, your tax efficient investment plan will help you reach your growth and income goals.
Step 4: Will & Estate Review
To save tax, protect your hard-earned assets, leave a legacy to children, grandchildren or charity, explore the merits of a trust, we utilize the resources of our Estate Planning Team to recommend strategies. A one-on-one session with our RBC EstateTeam will help identify and address your various estate planning concerns. A summary of your meeting along with actionable recommendations provides you with the steps you need to take to achieve your goals.
Step 5: Insurance Review
Insurance is not only about a life insurance policy. It can help you preserve your wealth and protect your family from unexpected financial burdens arising from critical illness, long term care or accidents. It can even build wealth by tax sheltering growth and contribute to your estate plans. Our Insurance Specialist will work with you to assess your needs and introduce strategies to meet those objectives
Step 6: Meeting, Monitoring and Updating
Liviniuk Wealth Management Group has a strong commitment to service. Always accessible, we make great efforts to provide you with timely information. Helping you achieve your financial priorities means regular portfolio reviews and contact to ensure we are on course. This will allow us to address changes and transitions in your life. As your financial situation changes, so will the strategies we need to employ.
Step 7: Professional Referrals
The best results are achieved working in partnership with a team of professionals with expertise in other areas related to the management of your wealth. This includes legal, accounting, private banking, retail banking, credit and mortgages, commercial business banking professionals, trust services and offshsore investing. If you have an existing relationship with professionals in these areas, we will be happy to work with them to ensure we're all on the same page. If you require a assistance, we are happy to offer you access to our extensive professional network at RBC.
