Moving Forward with Peace of Mind
How Much is Enough?
This is a question we get all the time. We’re not surprised by this question because after all … isn’t ensuring that you can live the financial life you want what we are here for?
Our entire life is about trade-offs and your financial life is no different. It’s the sum total of your decisions about money. Managing money means making clear, informed, candid decisions. It’s when you make these better choices you can have the financial life you want.
At CrossPoint Financial our team works with you through various discovery phases of enhancing, preserving and sustaining your wealth. We connect your present to your future and your purpose to your plan. We scratch below the surface to find out …What keeps you awake at night? What is your current financial health? What are your short-term and long-term financial goals?
It is with this information and a disciplined approach we build your detailed plan customized to your unique situation. Working with you every step of the way, we assemble your ‘big picture’ and get your money working for you.
Helping You Invest With Purpose
Below are the steps we will take with you to help you assemble your big picture.
- What is your current financial health? What are your goals?
- We’ll build a customized financial plan & track your progress. We’ll help you assemble a clear view of your ‘big picture’ dreams and goals.
- We’ll get your money working for you. We’ll write this up in a personalized and formal Investment Policy Statement (which is basically a ‘working document’ that articulates what we will do and what you will do) to govern how your money is managed.
- Professional money management that involves extensive and active research, risk evaluation and a keen focus on low product cost and delivery of value after fees.
- We’ll examine the risks that may come in the way of you achieving your goals and implement solutions to protect attaining them.
- At regular intervals, we’ll perform a detailed review & tracking of progress to these plans. We’ll determine how much is enough and maybe even what to do if you have more than enough.
How We Monitor Your Progress
Many clients cannot easily tell if they have achieved their expected rate of return or if they have enough money saved to meet their goals. Why? In many cases it is because an investor doesn’t have a financial plan to track to or that financial plan is incomplete and poorly monitored. In other cases, it’s because the reporting received is poor and inadequately conveys whether they’re on track to achieve their goals.
At CrossPoint Financial, we believe in full, true and plain disclosure. If you work with us to complete your personalized financial plan, you’ll receive our proprietary “P2A” (Plan To Actual) report. This P2A report will compare your actual investment balance to the plan’s asset growth line (that includes your savings plan and rate of return objectives) we agreed upon when you engaged with us. You will know, at a glance, whether you are on track to reaching your goals. If we are above the plan line, great news and we rest secure… If we are below the plan line, we’ll know that we have to take action.
If you don’t know where you’re going, how will you know if you get there? Whether you’re accumulating assets for a goal or concerned about sustainable withdrawal rates, our financial planning services and P2A report will give you peace of mind.
In addition, here are a number of value-add services we’ll do for you:
- Net worth updates on a regular basis
- Customized and personal financial plan creation.
- Monthly or annual savings plan review
- Insurance analysis – current coverage evaluation, needs assessment, survey of costs, etc.
- CRA account monitoring (RRSP & TFSA contribution room, tax return status, T-slips, etc.)
- Tax return preparation*
- Tax review**
- Estate Plan and Tax Analysis
- Beneficiary audit
- Storage of a copy of your Will and Power of Attorney
We take care of the details, so you don’t have to worry about them.
*Tax return preparation provided outside of IA Securities Inc.
** HollisWealth does not provide any income tax preparation services and does not supervise or review any income tax returns.