Our Methodology
There are various steps to take and questions to answer in combining the science and art of successful wealth management.
Step1. Discovery
During this step the client’s past present and future is discussed and recorded. Goals are discussed along with risk tolerance and timeline. It’s also the time to identify if there is a good fit between the client and advisor.
Step 2. Drafting a RBC Dominion Securities Service Plan
The scope of the plan is set out in this document. In it services – portfolio management, estate planning for example - are outlined, commission structure or fees are agreed upon and frequency of follow-up meetings determined.
We have found three questions that help frame any wealth management strategy:
Can I live to 100 in dignity?
The answer here involves constructing a plan to create wealth over time through prudent asset and sector selection. It also involves an examination of risk and the importance of cash flow. A joint meeting with an accountant is often recommended.
If I die is my family taken care of?
The answer to this question reveals a need analysis and potentially insurance shortfalls.
Is my will set up properly?
This involves a discussion regarding your estate following your death. First, is there a will, and secondly, does it accurately describe your wishes?
There are various steps to take and questions to answer in combining the science and art of successful wealth management.
Step1. Discovery
During this step the client’s past present and future is discussed and recorded. Goals are discussed along with risk tolerance and timeline. It’s also the time to identify if there is a good fit between the client and advisor.
Step 2. Drafting a RBC Dominion Securities Service Plan
The scope of the plan is set out in this document. In it services – portfolio management, estate planning for example - are outlined, commission structure or fees are agreed upon and frequency of follow-up meetings determined.
We have found three questions that help frame any wealth management strategy:
Can I live to 100 in dignity?
The answer here involves constructing a plan to create wealth over time through prudent asset and sector selection. It also involves an examination of risk and the importance of cash flow. A joint meeting with an accountant is often recommended.
If I die is my family taken care of?
The answer to this question reveals a need analysis and potentially insurance shortfalls.
Is my will set up properly?
This involves a discussion regarding your estate following your death. First, is there a will, and secondly, does it accurately describe your wishes?
