Retirement planning | Estate planning | Tax planning | Cash and debt management | Investment planning

“There are risks and costs to a program of action. But they are far less than the long-range risks and costs of comfortable inaction.”

— John F. Kennedy

To achieve financial peace of mind

1. you need to have a clear plan
2. you need to operationalize that plan and you must
3. monitor the plan.

Developing a clear, individualized plan starts by following the proven, six-step process that is mandatory for registered financial planners. This time-tested process ensures that we deliver the right plan to meet your unique financial needs.

Step 1: Clarify the current situation

We examine your situation by collecting and assessing all relevant financial data, such as assets and liabilities, tax returns, records of securities transactions, insurance policies, wills and pension plans. This will give us a clear understanding of your current financial position.

We then go over our findings with you to discuss the risks and opportunities your situation presents.

Step 2: Define your personal financial goals

Here, we help you identify your personal and financial goals, needs and priorities. We also find out more about your values, preferences, financial outlook and desired results as they relate to your financial objectives. This may include:

• providing for children’s education
• maintaining an existing lifestyle
• providing for retirement

Step 3: Identify potential problems

Next, we identify problem areas or opportunities in areas such as:

• cash needs/cash management
• taxation (income tax, tax structuring)
• estate issues
• investment portfolio management
  
  • risk management
  • asset allocation

At this stage, we are often able to identify strengths and weaknesses you may not even know about.

Step 4: Provide written recommendations and alternatives

Our recommendations cover all of the relevant areas, including: retirement planning, estate planning, tax structuring and cash and investment management.

The length of these recommendations will vary according to your situation and the complexity of your financial needs.

We take care to ensure that our recommendations are based on a thorough analysis of your situation so that nothing falls through the cracks.

Step 5: Implement the plan

A solid financial plan is only beneficial if you put it into action. Like a quarterback directing the action on the field, we assist you in implementing the recommendations by coordinating with other personal advisors you may have, such as a lawyer, broker or accountant.

Step 6: Monitor

When you’re driving it’s important to keep your eyes on the road. Ongoing monitoring of your financial plan is just as important.

Periodic review is absolutely essential to keep your plan on track. To make that happen, we provide you with monthly reports and meet with you in person at least two times per year. This ensures that changes or revisions can be made when and as necessary to keep you moving toward your financial goals.

The right analysis, the right decisions, properly executed and monitored add up to the Tasman difference: Peace of Mind.

Are you ready to make a commitment to your financial future?

To find out how Tasman’s worry-free Peace of Mind services can help you achieve your financial goals, contact us today.

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