Our Process

Working with Lainymar

An outline of our collaborative process

Our First meeting is an introduction to each other, and if we are a fit:

  • About your family, career, and background?

  • What’s important to you?

  • What does your money mean to you?

  • What do you want your money to accomplish for you?

  • What is your main overarching financial concern right now?

Onboarding – Letter of Engagement for planning services

STAGE

1

Second meeting and subsequent ongoing meetings: Our discussions will help us to get to know each other and your situation better:

  • Guide you through our visioning process.

  • Guide you through our values exercise

  • Guide you through our life planning exercises.

  • Identify expected life transitions.

  • Summarize your values and aspirations for the future.

STAGE

2

Discuss Income & Assets

  • Snapshot of your net worth

  • Snapshot of your income & spending

  • Review, pensions, business assets & real estate holdings.

Discuss Retirement Planning

  • Identify your retirement vision.

  • What are you leaving – moving toward?

  • The cost of your retirement

  • Accumulation/Decumulation strategies

  • How registered accounts fit.

Discuss Legacy Planning

  • Education around wills and estate planning

  • What planning you currently have in place

  • Identify planning needs.

  • Gaps to be addressed.

Discuss Investment Strategy

  • Investment education

  • Your personal risk profile

  • Investments you currently hold (identify risk and cost)

  • The Investment Policy statement

Discuss Protection Planning

  • Protection education

  • Review your need for insurance coverage

  • Review what coverage you currently have in place

  • Identify any gaps in protection

Discuss Tax Strategy

  • Optimization through planning with 2 main objectives, minimize tax and maximize Income through:

    - Income deferral

    - Income splitting

    - Income spreading

    - Tax sheltering

    - Effective use of Tax credits

  • Identify short-medium - long term requirements.

Presentation of the Plan

  • Review and discuss our findings and optimize planning as required.

  • Present proposal for implementation and our ongoing relationship

    • Investment strategy

    • Risk management strategy

    • Tax strategy

    • Review fees

STAGE

3

Implement the plan

Onboarding & Documentation requirements

  • Client/Advisor Agreements

  • Investment policy statement

  • Introduction to other professionals

  • Coordination with existing professionals

  • Introducing our Workbooks, for ongoing planning and coaching

  • Transition to our client service calendar

STAGE

4

ONGOING

Monitor – Adjust

  • We meet at least twice a year to make sure you maintain you’re on track, and good financial health is maintained. Any circumstances which may have changed, new goals, or transitions you anticipate.

  • Review goals and objectives of plan

  • Review Investment policy statement

  • Market and economic conditions

  • Your personal investment performance - gaps which need to be addressed