Giving
the complete picture to focus on financial health
When
getting advice from any professional, identifying all of your resources
and contributing factors is essential. For example, when you go to the
doctor you naturally give her all of your medical history so she can
treat you most effectively and help you stay physically healthy. It’s
also just as important that you give your advisor all of the information
when talking about your financial health.
Rita and
her many investments
Meet Rita, someone
who didn’t understand the value of providing her advisor with
the complete picture. When Rita, 45, accepted her new job in human resources
with a major automotive company, she was thrilled with the benefits
package offered. Especially the savings program.
Now, not only did
she have the pension from her old job with a steel manufacturer, she
had a group RRSP consisting of mutual funds, and stock options from
her new employer. Not to mention her universal life product with her
insurance company, a bank account, two GICs, and an individual RRSP
that she started nine months ago with her bank. Rita thought she was
set, but she wasn't.
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CAFE's
vision is to help Canadian family businesses connect with peers and
resources for success. Selectpath is one of those resources family businesses
can connect with. We encourage all of our family business clients to
become members. 