By stress testing financial plans, Financial Advisors can help retirees identify potential risks, make informed decisions, and optimize their financial strategies to achieve their objectives and maintain financial security in retirement. Here are 6 of the top reasons it benefits clients to have their projections stress tested. 1. Purchasing power is gradually eroded by inflation. […]
Let’s begin by discussing the underlying reasons for financial planning. Although we recognize its benefits for clients, it’s important to consider the genuine value of implementing a financial planning process for you and your practice. It’s widely understood that investment and insurance products constitute the implementation aspect of financial planning. However, without a solid plan, […]
We recently surveyed Snap users to get a better understanding of how financial planning software has benefited and grown the financial advisory practice. The responses were meaningful and impactful – so much so that we wanted to put together essentially a guide for all Canadian Financial Advisors who seek to grow their practices through effective financial planning.
We know that right now inflation, interest rates, talk of bear markets, and declining portfolio values are top of mind for nearly all Canadians — in particular, those who are either approaching retirement or are already there. Our users have been telling us that they need more tools to facilitate these conversations in order to […]