Your Personal CFO
Most frequent questions and answers
Step 1: Introductory Meeting
This is an informal meeting that gives us a chance to get to know each other. It often happens in a coffee shop, but can also happen in your office or ours. The goal is for you to get comfortable with our team and lay the foundation for future conversations.
Step 2: Subsequent Meetings
This is where we discuss details and outline actionable steps to create the financial structure for your future. We review specific financial planning solutions and strategies, ensuring you are fully aware of your options. Helping you make the most informed decision for your financial future is our goal.
Step 3: Formalize Relationship
This is when a mutual decision is made to work together or not. At this meeting we ensure all details are clarified and any questions are answered.
Step 4: Implement Game-Plan
Either in person or via email, we ensure the proper documentation is addressed with identification and signatures. Once the administrative process of opening and transferring accounts is complete, we begin to implement the previously agreed upon solutions and strategies.
Step 5: Regular Progress Meetings
Changes to financial markets and changes in your life can often dictate updates to your plan. Regularly reviewing and evolving your plan ensures you have the best chance of success for the future.
Although there is a lot of work going on in the background, we make every effort to make this transition seamless and as convenient as possible for you.
This is the most important question we receive. The financial services industry is one of the most strictly regulated industries in Canada. We rigorously follow and often exceed industry standards. Your money is always invested “in trust” which means you and only you own it. We merely provide recommendations, help implement the strategy and then administer your account. Only you or those you legally designate can deposit or take money from your investment account, regardless of your holdings.
Your investment holdings are carefully matched to your own profile. Your account is then carefully monitored and reviewed with you on a regular basis. You can access your statement online anytime and will receive regular statements in the mail from Raymond James Ltd.
We charge a fee for the investment management services we provide. Our fees are based on a percentage of the investments you have entrusted us to manage. This places us in alignment with you and your interests to protect and grow your investments.
We provide the most value to individuals who have high incomes, complex financial needs and/or significant liquid net worth that merit integrated wealth management. Our services are designed for households with a minimum of $1,000,000 of investable assets; however, we are open to working with select clients that are determined to achieve this milestone.
Clients who are open and want financial guidance will benefit the most from the services we provide. We are best able to advise clients who consolidate their portfolio with one advisor and have a long-term time horizon of at least 5 years.
We advise against focusing on short-term performance fluctuation. Our preferred client will appreciate the importance of focusing on the “forest” and not the “trees”.
Clients also need to understand that in order to maximize their wealth, many different financial services and products (including life insurance and alternative investments need to be considered).
How often would you like to hear from us? We will meet according to your preference and comfort level. There is no pre-established service formula you have to fit into. Some clients are quite active or have issues that require more contact. We may speak to them every other week, for example. Others prefer less frequent contact, meeting only once or twice a year to review their finances.
We will be in regular contact with you by phone and/or email and we send out quarterly newsletters via your preferred method of contact. Depending on what is going on in your life, or your business, or the capital markets at any given time, the amount of contact will vary over the span of our investment relationship. By keeping the lines of communication open, we can adjust the level of communication together
Your money will beinvested according to your timeline, return expectations, risk tolerance.
Cash Flow – Use this calculator to track your household income and expenses.
Critical Illness Insurance Needs – Critical illness insurance can help replace your income and cover expenses and debts if you become sick.
Disability Insurance Needs – How much income will you need to maintain your standard of living if you are unable to work?
Estate Planning Checklist – This checklist will help you assess the status of your estate plan.
Investor Profile – Use this questionnaire to define your investment objectives and personality.
Life Insurance Needs – Life insurance is one of the best ways to protect your family’s financial security.
Loan Payment Calculator – Calculate your payment and see how extra payments reduce interest and time to pay it off.
Net Worth – Compare what you own to what you owe and calculate your net worth.
Pay Yourself First – Paying yourself first is one of the best ways to build your retirement fund.
Cost of Waiting – Use this calculator to see the cost of waiting to invest.
Investment Fees and Returns – Use this calculator to see how a difference in fees affects investment growth.
Pay Down Debt or Invest? – Should you pay down or invest if you have extra money?
Saving Growth – Use this calculator to compare the growth of two investments.
Stay Invested – See how missing the best performing months in the stock market can affect investment growth.
Tale of the two RRSPs – Use this calculator to compare the growth of two RRSPs.
Tax Calculator – Use this calculator to estimate the taxes you owe based on your taxable income.
Taxes and Investment Income – See how various types of investment income are taxed at different rates.
TFSA vs. Taxable Investment – Use this calculator to compare the growth of a TFSA to a taxable investment.
Real Rate of Return – Use this calculator to see how taxes and inflation affect your investments.
RRSP Tax Savings – Use this calculator to estimate the tax savings on your RRSP contribution.
Inflation and Your Retirement Income – Use this calculator to see how inflation will affect your retirement income.
Retirement Calculator – See if you will have enough money to last through retirement.
RRIF Payment – Calculate your RRIF payment and how long your RRIF will last.
TFSA vs. RRSP – See how your marginal tax rate affects the growth of your TFSA and RRSP.
Will the Money Last? – Use this calculator to see how long your money will provide you with an annual income.
Organize Your Financial Life. Hire a Personal CFO.
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Raymond James Ltd. is an indirectly wholly-owned subsidiary of Raymond James Financial Inc.
Securities-related products and services are offered through Raymond James Ltd. member of the Canadian Investor Protection Fund (CIPF).
Insurance products and services are offered through Raymond James Financial Planning Ltd. which is not a member of the Canadian Investor Protection Fund (CIPF).
Raymond James (USA) Ltd. is a member of FINRA/SIPC.
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