The same advisor, year after year
The work that comes after the plan is in place: regular reviews, adjustments when your situation changes, and the same advisor each time.
Photo: Mhsheikholeslami, CC BY-SA 4.0
The problem
When a plan is written once and filed away
A financial plan is accurate on the day it is finished. After that, incomes change, families grow, tax rules move and markets rise and fall. Without someone keeping it current, the plan slowly stops describing your life.
What ongoing advice includes
What happens after the plan is in place
Regular reviews
A scheduled review of the plan and the portfolio. [TO COME FROM TIM: how often]
Life events
A conversation when something changes, such as a new job, a move, an inheritance or a retirement date.
Adjustments
Changes to the plan and the portfolio when your goals or circumstances move.
Deadlines
A check on contributions and withdrawals before dates that matter, such as the RRSP deadline.
One advisor
The same person each time, who already knows the history behind your plan.
How it works
Where it fits in the process
Ongoing advice is the seventh step of the financial planning process: monitor and review. Tim tracks your progress and updates the plan when your life, your goals or the markets change.
See the seven-step processWho it is for
For anyone who wants the plan kept current
Clients who want a long-term advisory relationship, with their plan reviewed year after year rather than written once.
What I value is that it’s the same person every time I call. Tim knows our history, so we never start from scratch.
Sample quote shown. Client quotes to follow.
Questions
Common questions about ongoing advice
How often will we meet?
[TO COME FROM TIM]
What if something changes between reviews?
Call Tim. A change in your life is worth a conversation when it happens, not at the next scheduled review.
How is ongoing advice paid for?
[TO COME FROM TIM]
Will I always deal with Tim?
Yes. Mill Creek is Tim’s independent practice, and he is the advisor you work with each time.
From Insights
Book an introductory meeting
What happens in the first meeting
An introductory meeting takes about 30 minutes. You leave with a clear view of your current position, what a plan would look like, and whether working together makes sense. There is no cost and no obligation either way.