Being a husband and father of young children, I can relate to the excitement of raising a young family but also the challenges, concerns, and time constraints that come with it. I have personally gone through many of the same dilemmas that other young families are going through, and I am happy to share my experience and guide you through the complex mix of personal, financial, and investment questions.
It’s not a secret that most investment advisors prefer to work with clients who have already accumulated significant wealth. We are different. We understand that you are in the beginning of your financial journey, and we want to be your trusted partner through all life changes and transitions. Let us reduce the burden of managing your finances alone and allow you to spend more time on the things that matter most.
Setting up specific goals is crucial in achieving success in life. It’s the same when it comes to your finances.
We can be your guide in determining and prioritizing between your specific short-term and long-term financial goals. These milestones will guide you and help you make better financial decisions in the future.
There is nothing more crucial to your financial well being than good budgeting. We can provide you with tools and resources to help you stay on top of your income, cash flows, and spending.
It’s normal for young families to consolidate their assets in order to manage their wealth more efficiently.
Most young couples start their journey with multiple retirement, investment, and savings accounts scattered across various financial institutions and former employers. We will help you get a more comprehensive, holistic, and objective view of your finances and ensure they aligned with your risk profile, objectives, and time horizon.
Many young families who are combining their assets often end up combining their debt as well. Managing and paying off your debt becomes a key priority in achieving financial independence.
We can also leverage the resources of BMO Private Wealth and connect you with a specialist that can guide you through these difficult, and sometimes complex situations.
Buying a home in today’s market conditions is a big commitment and a highly personal decision. It depends on a range of factors including how long you are planning to live in the new home, available cash for a down payment, job prospects, willingness to maintain your property, size of your family, and so on.
We will help you through the process of saving for a down-payment, understanding & taking advantage of home buyers programs, and connect you with a trusted BMO mortgage specialist to ensure you get the personalized service you deserve.
It is never too early to start saving for life’s major purchases while also building your retirement nest egg. A Tax-Free Savings Account (“TFSA”) and Registered Retirement Savings Plan (“RRSP”) are two popular tax-advantaged vehicles in which you can put some of your hard-earned money aside. You are not limited to one or the other – you can hold both types of accounts and enjoy the benefits of each.
We will review and explain each of these options and determine the best approach for your unique situation.
We will walk you through the various education savings options including Registered Education Savings Plans (RESPs), explain the benefits and requirements of each option, and develop a plan best fits you and your family.
Many young families want to protect their children in case of unexpected events or a medical emergency. The process of protecting your legacy is called estate planning and it includes a review of insurance coverage, existence of a will, and assignment of beneficiaries & trustees among other things.
We offer dynamic financial planning to help you build, grow, and preserve your wealth through life’s transitions. No matter what happens in your life right now, we know that a few years from now things will be different. Life changes all the time – you get a new job, you have a baby, you need to buy a new car, or you win the lottery! Whatever the future brings, we want to plan for it together.