IPG Downtown Kingston: Financial Planning Process

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204 Princess Street Kingston, Ontario Canada K7L 1B2
Telephone: (613) 548-3031 Toll free: 1 (800) 465-2043 Fax: (613) 548-7306
Email: info@IPGKingston.net

Independent Planning Group Downtown Kingston

Richard H. Kizell - The Financial Planning Process

Independent Planning Group team of professional Financial Planners provides you the following formula to ensure we identify uour needs today and goals for the future. Our job is to provide you with a prosperous financial future.

Implement wealth accumulation and protection strategies
Adapt to changing market conditions
Proactively address complex tax issues
Consolidate your overall financial picture
Transfer wealth to your family members with lower tax liability

Richard H. Kizell, B.A., CLU, RFP, CFP

Step One - Assess Client's Present Financial Situation

Together with your Independent Planning Group Downtown Kingston Financial Planner we collect essential information by administering a questionnaire. The questions are non-judgmental and assist us in forming a profile of your financial situation and lifestyle. This process is supported by:

Examination of past Income Tax returns
Analysis of life, disability, home and property insurance polices
Reviewing wills of all family members
Ascertaining of "soft-data" (lifestyle preferences and risk tolerance with respect to investing)
Derivation of cash flow and net worth statements from pertinent information
Examination and analysis of "Employee Benefit Plans" when applicable

Step Two - Identifying Your Goals and Objectives

Next, we determine in as much detail as possible, your actual goals and objectives for the future. For families, we encourage both spouses to be actively involved in this process. We look ahead to your retirement expectations and your lifestyle goals. We talk about managing your money and your concerns.

Step Three- Developing your Financial Plan

Our IPG Downtown Kingston Financial Planner then translates your goals, ambitions and dreams into realistic financial terms. We estimate the money and income you would need to provide yourself with the retirement of your dreams. Your desired retirement income level determines the necessary accumulation in savings and investments needed to realize your financial prosperity.

An unbiased recommendation would then be made, and a course of action would be proposed based on sound financial planning principals and professional judgements that apply to your needs and desires.

Step Four - Committing to your goals

In order to create a successful financial plan of action you need to commit to turning your financial dreams and goals into reality. At Independent Planning Group Downtown Kingston we will ensure that the written comprehensive financial plan meets your needs.

Step Five - Implementing the Plan

Our prosperity plan is ready for action. Together we commit to the process that will ensure the success of your predetermined prosperity plan.

Step Six - Reviewing Your Plan

A financial plan is never carved in stone. Yearly we will assess and adapt your portfolio to reflect your changing needs and goals. Monitoring your prosperity plan ensures the success of your financial future.

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