Having a comprehensive financial plan with the guidance of a CFP professional can provide a road map towards greater financial and emotional well-being. We urge Canadians to take control of their finances by talking to a CFP professional about their goals and financial planning needs. Cary List President & CEO, FPSC
A Financial Plan is the essential instrument used to tie together the various components of the Wealth Management service. Kevin believes clients who have a financial plan increase the likelihood of maximizing their financial position, while reducing the stress and anxiety often experienced when thinking about their financial future. Kevin leverages his extensive financial planning expertise to ensure clients receive a personalized financial plan.
The Financial Planning Standards Council (FPSC) conducted a study of almost 15,000 Canadians across the country to better understand the value of completing a financial plan. The results of the study are as follows.
Canadians who engage in comprehensive financial planning report significantly higher levels of financial and emotional well-being than those who do no planning or limited planning.
Those with comprehensive plans feel their financial goals and retirement plans are more on track; their ability to save has improved in the past five years; and they are more confident they can handle the inevitable bumps in life.
While planning for the future is important, those with comprehensive financial plans are also more able to fulfill their discretionary spending goals.
Canadians who engage Certified Financial Planner/CFP professionals for their financial planning needs appear to have an extra edge in terms of the value and benefits they obtain from financial planning compared with those.
For an understanding of Kevins perspective on the value of Financial Planning, please click 'In My Own Words'.