Our Approach
The financial planning journey begins with developing an understanding of your unique situation. Once we've achieved that, the next step is identifying your goals and objectives, and developing the road map for your financial future. Now that is not all, a key component to any holistic financial plan is regularly reviewing the plan to insure we are meeting your desired trajectory.
Holistic Financial Planning
Holistic financial planning is more than just investment returns. It utilizes a holistic approach to analyze, the complex makeup of most of our financial moving parts. This big picture approach that considers your unique personal mix of investments, taxes, estate, insurance, and legacy, all working in unison to achieve your financial goals and objectives.
"We thought we had a pretty good handle on things but as it turns out, after meeting with them, we realized we had a good start but didn’t really have a finished product."
Carla & Celso R.
Ask yourself, do I really have solid financial plan in place?
Questions to ask yourself...
-
Have you had a comprehensive financial plan prepared or updated within the past five years?
-
Do you know your current asset allocation and your risk tolerance?
-
Do you know the rate of return you’re earning on after fees?
-
Do you know how much you will need in retirement?
-
Are you income-splitting as effectively to reduce taxes?
-
Have you calculated the additional tax credits with an IPP vs an RRSP?
Growing Your Wealth
Creating and maintaining a sound financial plan involves a detailed review of your entire financial picture and proactive recognition of your evolving needs.
At Vida, we believe the ability to build wealth is a result of diligent implementation of this comprehensive plan in combination with identifying wealth building efficiencies and opportunities.
Protecting Your Wealth
It is important that your wealth not only continues to grow, but is protected against market volatility. Our proven cash flow investing philosophy and broad asset allocation deliver results that provide stability and elevate the overall financial plan.
Our team works with you to provide more sophisticated retirement planning. Our advisors' thorough knowledge of your current situation and your expectations will allow them to offer you the ideal planning opportunities to safeguard your growing portfolio.
Questions to ask yourself...
-
Do you have a succession plan in place?
-
Are your beneficiaries prepared to manage this wealth?
-
How will you minimize the financial impact of your passing?
-
Are you set up to eliminate tax liability upon death?
-
Have you considered how you will create your legacy?
-
Have you decided how philanthropic initiatives will continue?
-
Currently, are you able to make your charitable gifts in kind?
-
Are you planning to continue donating in retirement?
Questions to ask yourself...
-
Do you have a succession plan in place?
-
Are your beneficiaries prepared to manage this wealth?
-
How will you minimize the financial impact of your passing?
-
Are you set up to eliminate tax liability upon death?
-
Have you considered how you will create your legacy?
-
Have you decided how philanthropic initiatives will continue?
-
Currently, are you able to make your charitable gifts in kind?
-
Are you planning to continue donating in retirement?
Transferring Your Wealth
Creating a financial plan is your first priority; however, ensuring that plan works beyond your lifetime is just as significant. You have worked hard to build your wealth and you will want to implement estate planning to ensure that your surviving loved ones are provided for and your wishes are followed in the most efficient way possible.
For many of our clients, creating a legacy and giving back to those who need help, is a key planning priority. Donating to your favourite charities is important and we offer our clients a more effective way to give.
Charitable not only allows you to give tax efficiently using cash flowing investments, but also to give in perpetuity.
I have always saved money but didn’t know what to do with it. With their help and thorough explanations, I was able to begin planning the best game plan for my future."
Anthony F.
"Our investments were being handled by another financial institution for over 18 years.
Vida's knowledge, recommendations, and trustworthy outlook gave us full confidence to make the switch.
Our retirement investments and children RESP’s are our security blanket, and we feel very confident that they are in great hands."
Kathy & Victor Z.
"It is such a relief to have a firm who know what they are doing to help with investments and planning for the future.
They are knowledgeable and professional and they handle my life insurance and investments. They keep current with the market and new funds that are available. They take time to explain things I do not understand. That is invaluable to me because I am not a financial person.
They are very easy to talk to, and can translate difficult concepts into layman's terms. I most definitely recommend them to anyone looking for an expert financial advice.
Vilma & John M.