Aligning your goals, wealth plan, and investment portfolio is an important, effective, and efficient way to help smooth your path to financial success. Along with trusted and personalized advice from your Investment Advisor, they create a powerful combination that works in parallel with you to achieve your goals.
The closing out of a calendar year and the beginning of the new one can be an ideal time to consider our financial circumstances and where we stand along the path of our life journey. It often helps to consider what is working in our life, what needs to be tweaked to work better, and what we may be missing to achieve the things that matter to you and your family.
One of the most important steps in this process is to consider your goals. They form the very foundation of all plans, whether it’s what you are doing today, or how you want to spend your retirement years. A successful wealth plan is built out from the goals that you discuss, and then refine, revise and update regularly with your Investment Advisor (IA).
Taking time to consider your goals – either establishing them, or, if you have them established already, revising them to reflect your life – can help ensure that your plan and your investment portfolio, along with the advice you receive from your IA, are all aligned and working in parallel purpose to achieving your financial success.
An old truism states that the difference between a dream and a goal is a plan. Formulated in partnership with your IA, your wealth plan provides you with your unique and personalized roadmap to working towards achieving what matters to you and your family. It lays out what needs to be done to realize on your plan, including anticipating the unique challenges that you may need to overcome along your financial journey.
In addition to your IA’s qualifications, they also have access to a deep network of specialists at RBC Wealth Management. From financial planning to tax planning, from insurance advice and solutions to estate planning, the depth and breadth of the RBC Wealth Management team to help ensure your plan is actionable is extensive, and they are ready when and how you and your IA need them.
Your investment portfolio is designed to help bring your wealth plan to life. As your goals and your plan evolve over time, your portfolio needs may also evolve.
Your IA has built a customized portfolio for you, and continually works to ensure that you have the right mix of assets and investment solutions. As markets and investment solutions evolve over time, your IA may recommend changes to your portfolio and the assets held within it. And if your life stage and/or goals change – for example approaching or entering retirement – you and your IA may choose to alter your portfolio to manage risks in order to preserve capital and enhance cashflow to meet your existing or future needs. Your IA is ever diligent and ready to work with you to meet those life changes, challenges, and opportunities.
When your goals, wealth plan and investment portfolio are aligned, your path to financial success and achieving what matters is smoother and more efficient.
At RBC Dominion Securities, your IA works at parallel purpose with you, and strives to ensure your goals are achieved in the smartest way possible, while keeping costs in line, helping to ensure your combined efforts are maximized.
As the investment industry evolves to continually improve such things as fee disclosure and reporting, you can rest assured that RBC Dominion Securities is working in alignment with you and your family, and will continue to work to ensure our clients know the value of what they receive.
When the timing is right for you, contact your Investment Advisor whenever you experience significant life changes or shifts in your financial goals. Working together and in parallel purpose towards your success, it’s a great way to feel confident in your financial journey ahead.
Happy New Year!
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