"We were looking for very specialized insurance, and Renfrew was able to quickly provide us with a number of competitive quotes. I've since recommended Renfrew Insurance to a number of my colleagues."
Bruce Jensen, Partner, Pitch Digital Communications Inc.
We use the following six-step process to Financial Planning.
Establish the client-planner engagement, including the
scope of the engagement and how decisions are made.
Explain issues and concepts related to the overall financial
planning process that are appropriate to you.
Explain the services we provide and the process of
financial planning.
Clarify your responsibilities as a client, our responsibility
as a planner, including compensation.
Gather client data and determine your goals and expectations.
Obtain information about your financial resources and
obligations through interviews or questionnaires.
Gather all necessary documents before giving you advice.
Determine your personal and financial goals, needs
and priorities.
Investigate your values, preferences.
Clarify your present financial status and identify any
problem areas and opportunities.
Analyze your current situation.
Identify any problem areas or opportunities with respect
to:
Capital needs
Risk management needs and coverage
Investments
Taxation
Retirement planning
Employee benefits
Estate planning
Special needs (i.e. adult dependent, education
etc.)
Develop and present the financial plan.
Develop and prepare a financial plan tailored to meet
your goals and objectives, values, temperament and risk
tolerance while providing projections and recommendations.
Present the plan and establish an appropriate review
cycle.
Implement your financial plan.
Assist in the implementation of the recommendations
you approve.
Coordinate contacts with other professionals if required.
Monitor the plan.
Agree on who will monitor and evaluate your progress.
Reviews to reflect changes in personal circumstances
or tax law changes.
