Financial Planning

Aligning your present with your future financial well-being

Our clients come to us at different life stages. Some are raising young children as they build their careers. Others are in their peak earning years. We’ve helped widows detangle their finances in the aftermath of loss and grief and advised clients at their most vulnerable as they move through divorce or struggle to care for their aging parents.

Each of these different stages creates unique considerations. They raise questions surrounding financial well-being. We can’t predict, we can only prepare. That’s why every conversation begins with “How are you right now?” “What are your worries?” Because your now will dictate your future.

A people-centric, technology-powered approach to planning

At Milne Advisory Group, we have a suite of tools to strategize your financial future.

The My NextGen Plan software we use allows us to model different financial scenarios, accounting for different variables from lifestyle expenses and savings plans to retirement income, insurance and estate taxes to make sure we’re approaching your financial plan in a way that aligns with the reality of your needs and wishes. As you move through retirement, we can use the plan to course-correct, bringing you closer to where you want to be. We also review and reference your plan annually – it is a consultative, ongoing process.

Many clients have access to Richardson Wealth’s in-house team of experts on critical/important matters such as tax and estate planning, insurance, and philanthropy. This allows us to simplify our clients' more complex needs like family trusts, corporations, and real estate.

The planning process

Identify your needs

Whether it's a discussion during your annual review or the onset of a significant life event, we are here to listen and understand what you are curious about or what concerns you.

Engagement

We want to ensure we are all on the same page and equally committed to achieving your financial goals. That's why we have you sign a letter of engagement, a formal agreement that signifies our shared commitment and ensures your expectations are met.

Data gathering

Next, we gather the essential data. You will receive a questionnaire in advance to help us understand what questions you want answered. Then, we will schedule a discovery meeting to dive deeper into your aspirations and any financial or estate concerns you might be facing. You can share alternative scenarios you would like to explore like increased spending, different rates of return, or will I have enough money if I need to move to a retirement home? During this stage, all information provided to the team, or our Tax & Estate planning group is kept in the strictest of confidence.

Analysis

Once we have a deeper understanding of you, we start analyzing that data. We put it in writing and have a review or validation meeting with you to ensure we've captured everything accurately. Your input is invaluable during this stage.

Presentation

After analysis, we develop a personalized plan and go over it together to see how closely it aligns with your vision. We ensure it answers any questions or concerns you may have.

Implementation

Whether it's actions you need to take or tasks we can assist with, we will guide you through the process. We are here to encourage you and liaise with outside experts including accountants or lawyers when necessary.

Ongoing consultation

We grow with our clients. That’s our differentiator. We are your guide, providing ongoing monitoring and consultation to make sure your plan stays on track.