Comprehensive Financial Planning

Every client is unique and we believe that your planning should reflect your unique situation. We work with clients to build out a structure that allows you to reach your goals over the next 10, 20, 30+ years.

Certified Financial Advisors

At the center of every client decision is Up Financial’s experience in goals based Financial Planning. We maintain the industry’s highest ethical and professional standards, ensuring that we are always working in your best interest.

Comprehensive financial planning is structuring your financial affairs in a way that connects the different pieces of your finances into one cohesive structure. This includes:

Retirement Planning:

Retirement planning is the process of determining retirement income goals, and the decisions and strategies necessary to get you from where you are, to where you want to be. Establishing your expenses in retirement and then factoring in all sources of income during retirement allows us to determine which accounts to contribute to for savings, and what to invest those funds in. Future cash flows are estimated to gauge whether the retirement income goals will be achieved and what you need to do in order to achieve them.

Retirement planning is a life-long process. As your life and income ebbs and flows your planning should adjust. No one can predict the exact course your life will take which is why it’s even more important to have ongoing updates and make adjustments.

Retirement Income Planning:

Your retirement income plan will be unique. No two retirements have the same tax considerations, pensions, investment accounts and preferences. We’ve never met two clients who have the exact same goals regarding travel, hobbies and all the different aspects that make up your life during retirement.

A retirement income plan is the tax efficient structuring of your different financial assets to provide an income that allows you to maintain your desired lifestyle and without worrying about running out of money.

Examples of assets for retirement include Government and Personal Pensions, RRSPs, Lock-In Retirement Accounts, TFSAs, Non-Registered investments, Real Estate etc. Understanding how to draw down on these assets in a tax efficient manner is the key to a financially successful retirement.

Tax Planning:

Integrating your tax situation into your overall financial planning can save thousands of dollars each tax year, and hundreds of thousands or millions over a lifetime.

Proper planning and integration can be easily managed and will have a significant impact on a family’s overall after tax returns. From tax efficient investments, to tax structures with Trusts and Corporations, our advisors have advanced knowledge in strategies for minimizing and mitigating tax and the ability to apply those strategies where appropriate.

Risk Management:

Also know as the “defensive” side of financial planning, personal risk management and insurance planning is what ensures that the “what if’s” in life don’t derail all the hard work you’ve put into building up your assets.

Life Insurance is used to protect your family’s income, Disability to protect your ability to pay bills should you get sick or hurt, Critical Illness to protect your family finances if you are diagnosed with a life threatening illness, and Long-Term Care if the event that you, your parents or grandparents require assisted living during the later stages of life.

Estate Planning:

No financial plan is complete without a proper estate plan. This could be as simple as ensuring your have proper structured Wills, Personal Directive and Power of Attorney documents, or more complicated involving Trusts, Philanthropic Giving or establishing a Foundation.

Frequently Asked Questions

Most financial planning & investment firms are owned by the investment companies that they represent. Under that structure a client will always receive biased advice. Up Financial is an independent wealth management firm with no bias towards any one particular company meaning that we can always act in the best interest of clients and maintain a fiduciary standard of care.

Our advisors have different designations which can be seen in our bios in the “about section”. At minimum your Financial Planning is always completed by a Certified Financial Planner and Investment advice is always completed by a Chartered Investment Manager. Nathan and Eli are both Fellows of the Canadian Securities Institute and Eli holds a number of additional advanced designations that apply to complex financial planning situations. We believe in ongoing education and all of our advisors are currently completing additional designations, furthering the value we can provide clients.

We are compensated on a fee-based structure. Whereas most of the industry uses a commission-based structure where advisors are paid based on product sales, we’re compensated independent of sales which means that our interest are aligned. There are no hidden conflicts of interest to promote one product or strategy over another, or one investment over another.

We work with a range of clients from Business Owners, Successful Professions to Retirees. Our average client has been $500k to $2M in assets with us but we have lots of clients in excess of $5M and a number (especially as we work with our clients children) with less than $100k. We have different platforms available for those who don’t qualify for High Net Worth pricing for certain investment structures. Our philosophy is that everyone deserves quality financial advice and that you should not be restricted just because you “don’t have enough money”.

This will depend on the client and we leave it up to you to speak to one of our advisors to determine a structure that works for you. In the beginning of a relationship we will be speaking weekly for the first 3-6 months until the initial structuring is complete. After that many people move to quarterly reviews or annual reviews. It’s important that we can communicate at least yearly. All clients receive monthly market updates and have access to their accounts online daily.
As a firm we do not believe in asset minimums. We made the decision as a firm that everyone should have access to quality financial advice regardless of their net worth. What we did was establish additional platforms that allow us to take on smaller clients on a cost-effective basis for the client. Certain investment structures have minimums which are not set by us. We utilize robo platforms with low-cost ETF portfolios until your portfolio reaches a size where we can get you access to our regular portfolios. The easiest thing to do is give us a call or send us an email and we can outline the best options based on your individual situation.

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