The Plan
-
Upload
winterfinancial -
Category
Education
-
view
522 -
download
0
description
Transcript of The Plan
MONTRÉAL
TORONTO
DUBLIN
HONG KONGWINNIPEG
Strength and stability3 Canadian pioneer in financial services
since 1926
3 Serves approximately one million Canadians
3 More than 400 offices from coast to coast
3 A member of the Power Financial Corporation group of companies
3 One of Canada’s largest money managers
AGF INVESCO DYNAMIC BMO CIBC FIDELITY TD CI RBC IGM*
Long-term mutual fund assetsunder managementAt December 31, 2010 ($ billions)
22.5 26.432.5 35.4
46.250.2 52.6
63.0
96.2104.7
* Includes Investors Group, Mackenzie Financial Corporation and Counsel Portfolio Services Inc. Source: The Investment Funds Institute of Canada (IFIC), 2010
Complete financialservices for individualsand corporationsShort-term
3 Chequing3 Savings3 Credit cards
Lending
3 Mortgages3 Loans 3 Lines of credit
Income protection
3 Life insurance3 Accident/sickness3 Critical illness3 Long-term care3 Health and dental3 Group insurance
Products & plans
3 Mutual funds3 RRSPs3 RESPs3 Tax-Free Savings
Accounts (TFSAs)3 GICs3 Annuities3 Registered Retirement
Income Funds (RRIFs)3 Guaranteed
Investment Funds (GIFs)3 Tax-advantaged funds3 Individual pension plans3 Group retirement services3 Brokerage services through
Investors Group Securities Inc.
World-class relationships
As of May 2011
3 Providing for family members– one in 10 boomers with children are also
providing some type of support to agingparents, as well as looking after their own needs
3 Paying too much tax– 46% of Canadians surveyed agree that
reducing the amount of taxes they pay isan important immediate financial goal
3 Protecting yourself and your loved ones– just over one in four of today's 20-year-olds
will become disabled before they retire
3 Managing personal balance sheet– one in three Canadians with debt admit
to losing sleep over their debt load
3 Choosing the right advice and best financial vehicles– households without an advisor
– have less investable assets– are less likely to take advantage of RRSPs and
TFSAs as those with an advisor
i Investors Group’s “Boomers on call survey,” Sept/Oct 2009, online survey conducted by Harris/Decimaii Ipsos Reid, Canadians & Financial Advice, February 2011iii Council for Disability Awareness, 2010iv Investors Group’s “Gain and pain poll,” April/May 2011, online survey conducted by Harris/Decimav Ipsos Reid “Canadian Financial Monitor”, special analysis for IFIC, 2010
Most Canadians facefinancial challenges3 Low retirement income
– 87% of Canadian boomers feel they are not ready for retirement
36% of surveyed boomers said that if they couldgo back and do it again, they would start savingfor retirement earlier.*
Source: PMG Intelligence “Canadian Boomers and the New Retirement” 2009 Statistics shown represent responses fromsurvey participants aged 45 to 70 who indicated they were not yet retired to the following question: “Thinking of everythingabout the time of life called retirement, including social, health, financial, recreational and other issues, how ready are youfor retirement?”
* Investors Group’s “When I’m 65 Poll,” Oct/Nov 2010, online survey conducted by Harris/Decima
13% Extremely ready
34% Somewhat ready
32% Not sure
12% Not particularly ready
9% Not at all ready
i
ii
iii
iv
v
The value of adviceHousehold age Household income
45 and under 65 and over45 – 54 55 – 64
no advice
Age of head of household (2009)
Aver
age
inve
stab
le a
sset
s
$272, 761
$66,064$46,462$51,649$24,787
$246,752$140,155$79,074
3.2x 2.7x 5.3x 4.1x
with advice
$35,000 – $54,999 $100,000 or more$55,000 – $69,999 $70,000 – $99,000
no advice
Household income (2009)
Aver
age
inve
stab
le a
sset
s
$214,587
$138,358$44,103$29,119$27,104
$164,542$197,273$125,348
4.6x 6.8x 3.7x 1.6x
with advice
Source: Ipsos Reid ‘Canadian Financial Monitor’, special analysis for IFIC, 2010 Source: Ipsos Reid ‘Canadian Financial Monitor’, special analysis for IFIC, 2010
National data shows that Canadians atany age and income level can benefitfrom having a financial advisor.
Keeping up takes time We take the time3 Increasing rate of change
3 Financial services are complex
3 Government legislates changes
3 Career and personal demands take priority
3 Our purpose is to
– analyze
– explain
– advise
– solve financial problems
No one has taken the time to explain, in understandable terms, how to pull everything together!
3 Recognizes individual differences
3 Is co-ordinated and flexible
3 Provides a Personal Financial Program
3 Faces realities and finds opportunities
3 We know that financial independence is:– different things to different people
– getting the things you want
– doing the things you enjoy
– based on your lifestyle
APPROACHOur approach is unique... recognizes individual
differences
3 Helping you set financial goals
3 Taking advantage of tax-saving opportunities
3 Ensuring your investments reflect your personal financial goals
Financial independence depends on you – not the company, government, relatives or friends!
A part of all you earn is yours to keep.
Short-term reserve
Planning for emergenciesand opportunities
Developing a financial reserve
Income & assetprotection
For you and your dependants in case of:
– Premature death– Disability, critical illness
– Long-term care
Moderate-termgoals
Educate my children
Purchase a home/cottage
Leisure activities
Longer-term goals
Financial independence
Retire comfortably
Preserve my estate
The Investors Four Cornerstones Philosophy™
is the foundation for financial independence.
* Six disciplines of financial planning
Insurance planning*
Estate planning*
Investmentplanning*
Taxplanning*
Retirementplanning*
Cashmanagement*
Education planning
is co-ordinated and flexible
provides a Personal Financial Program
3 Unplanned events– losing a job – divorce– receiving an inheritance– winning a lottery– accident or illness– caring for a loved one – death of a loved one
3 Planned events– going to post-secondary school– getting your first job– getting married– buying a home– raising a family– starting a business– changing careers– saving for retirement– selling a business– living in retirement– planning your estate
Throughout their lifetime, everyonecan benefit from financial planning.
faces realities andfinds opportunities
3 We establish and maintain continuity of personal service by providing a
– realistic financial plan
– regular review and update
Professional and personal service
– through the region office– Securities
– Banking and mortgage
– Insurance
– through head office– Retirement planning
– Estate planning
– Tax planning
– Risk management
– Investment planning
– Product support
– Client administration services and support
– Technology support
Your net worth is a snapshot of your current financial position. It is also a benchmark from which you can measure
progress towards your financial goals. Your net worth consists of the difference between the assets that you own
(such as your home and investments) and your liabilities (such as mortgages, loans and other debt). Based on the
information you have provided, you currently have a net worth of $1,075,000.
Your current cash flow position compares your income with your expenses. Based on the information you have
provided, you are expected to have a cash flow surplus of $26,255 at the end of 2010.
wolF hsaC
htroW teN
AssetsLiabilities Net Worth
IncomesOutflows Surplus
Net Worth
Registered Assets*
$520,000
Non-Registered Assets $170,000
Lifestyle Assets
$600,000
Total Assets
$1,290,000
Liabilities
($215,000)
Net Worth
$1,075,000
* TFSAs are included in Registered Assets
Cash Flow
Income
$214,797
Lifestyle Expenses
$104,756
Savings
$21,181
Estimated Taxes
$62,605
Annual Surplus
$26,255
Monthly Surplus
$2,188
Your personal planmakes it easy to
– know where you stand
– plan to reach your goals
– stay on track
3 Access to a team of specialists
Investment products and services are offered through Investors Group Financial ServicesInc. (in Québec, a Financial Service Firm) and Investors Group Securities Inc. (in Québec,a firm in Financial Planning). Investors Group Securities Inc. is a member of the CanadianInvestor Protection Fund.
GICs issued by Investors Group Trust Co Ltd., and/or other non-affiliated GIC issuers.
Insurance products and services distributed through I.G. Insurance Services Inc. (in Québec, a Financial Services Firm). Insurance license sponsored by The Great-WestLife Assurance Company (outside of Québec).
Investors Group Trust Co. Ltd. is a federally regulated trust company and the mortgagee.Mortgages are offered through I.G. Investment Management, Ltd.* Inquiries will be referred to a Mortgage Planning (Agent) Specialist. *In the Province of Ontario, MortgageBrokerage Licence #10809, Mortgage Administrator Licence #11256.
Commissions, fees and expenses may be associated with mutual fund investments andthe use of Symphony Strategic Investment Planning™. Read the prospectus and speakto an Investors Group Consultant before investing. Mutual funds are not guaranteed,values change frequently and past performance may not be repeated. Symphony is anasset allocation service which provides a strategic approach to investment planning relating only to Investors Group mutual funds.
Trademarks of financial partners appear with their specific approval.
Banking products and services are distributed through Solutions Banking™. SolutionsBanking products and services are provided by National Bank of Canada.
™ Solutions Banking is a trademark of Power Financial Corporation. Investors Groupand design are trademarks owned by IGM Financial Inc. and licensed to its subsidiarycorporations. National Bank of Canada is a licensed user of these trademarks.
™ Trademark owned by IGM Financial Inc. and licensed to its subsidiary corporations.
C3146 (09/2011-PW)