Our Approach
Wealth Management Strategy is about more than planning for retirement or protecting yourself against risk, it is about making dreams come true.
Our goal is to help you achieve freedom and choice at all stages of life. To do this, we use our planning process, based on the four cornerstones of financial security. It is a process designed to help you :
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Better understand what financial security means to you by reviewing your current situation and defining goals.
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Identify and discuss roadblocks to achieving your goals and analyze your situation.
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Identify any gaps and build a plan to help you achieve your short- and long-term goals and dreams.
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Regularly review and monitor your wealth management strategy to help ensure it continues to meet your changing needs.
The Stages of Life
Your needs as an individual or business owner shift depending on your stage of life. We'll take the following factors into consideration when developing your financial security:
Start of a Career
Your most valuable asset is your ability to earn an income. Choosing the right combination of life and disability insurance products can help you protect that income.
If you have a mortgage or other significant loans, term life insurance, disability insurance or critical illness insurance offers cost-effective ways to cover debts in the event of death, disability or critical illness.
If your employer doesn't offer a benefits plan, investing in additional health and dental insurance coverage may be an option to provide you with this protection.
Family
Once you have children, your needs change - it's a good time to review your financial security plan.
Plan for your children's future with Registered Education Savings Plans (RESPs) and a low-cost life insurance policy they can build on later.
Business Owner
If you own your own business, insurance can help cover business loans or mortgages in the event of death or critical illness.
A health and dental insurance plan is tax deductible as a business expense.
People are a key resource for your business, which is why we offer a variety of group insurance options.
Retirement
If you're 60 or older, chances are you're already retired or thinking of retiring. Insurance can help supplement your retirement income and help you leave a tax-free legacy.
If your benefits end when you retire, we offer additional health and dental insurance coverage.
The Four Cornerstones of Financial Security Planning
A sound financial security plan should protect you against uncontrollable events such as disabilities or death, while helping you plan for controllable events such as buying a new home and a retiring comfortably. To achieve this, Clearview Wealth Management's planning process is based on four cornerstones of financial security planning:
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Financial security in the event of death
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Retirement
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Liquidity
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Disability and critical illness
Financial Security in the Event of Death
All financial security plans start here because death is inevitable and an uncontrollable event. As part of the financial security planning process, we'll discuss:
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How much income will your family need if you die?
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How will inflation affect this income?
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How to preserve your estate for your family when you die.
Retirement
When we discuss retirement planning, we consider:
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What kind of lifestyle do you see for yourself in retirement?
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How much money will you need to retire comfortably?
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What impact will inflation have on your income?
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Would you like to have the freedom to slow down or retire early?
Time and planning are two factors that influence whether or not you achieve your retirement goals. Therefore, you musg work towards your retirement goals over time.
Liquidity
Liquidity is your ability to access cash or assets that are easily convertible into cash. Liquidity can be a short-term savings option that can regenerate over time and need your constant hard work.
Disability and Critical Illness
Reducing the risk of uncontrollable events such as disability or critical illness is essential to your financial security. When building your financial security plan, we'll consider :
- Will your income be reduced in the event of disability or critical illness?
- If your income is reduced, will it be difficult to maintain your lifestyle and retirement savings?
- How much disability or critical illness insurance coverage is enough?
- What impact will inflation have on your income if you are unable to work for a long time?
- Do you know if your group benefits provide a provision to allow you to continue your retirement savings if you become disabled or suffer from a critical condition or illness?