At the end of July, Globe and Mail Personal Finance columnist, Rob Carrick, wrote an article about the cost of a financial plan. For this post, I thought it might be helpful to review how I charge for the financial plans I create for my...
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Probating a will sounds uncomfortable, doesn't it? Kind of like the legal equivalent of a doctor giving you a thorough physical exam… Perhaps there is something to that analogy. Although simple, small estates with a single heir may not require probating, the probate process has value...
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There is a temptation to view financial planning as little more than a dressed-up term for investment advice. Having worked in the investment industry for over a decade, it is a view I am tempted to follow. However, financial planning involves a much broader range...
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Low Interest Rates Make This an Option Worth Considering When my wife and I bought our first house, the interest rate was 7.5%. That sounds awfully high today when you can sometimes see mortgage rates posted for less than 2%. On the other hand, we were...
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An Introduction to Investment Planning – Part 5.3 Why is there a trailer hitched to my mutual fund? Included in the Management Expense Ratio or MER of many mutual funds is a trailing commission or trailer that is paid to the firm where you have your mutual...
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An Introduction to Investment Planning – Part 5.1 What is a mutual fund? At its simplest a mutual fund is a pool of money that has been invested in a collection of stocks – in the case of an equity fund – that have been chosen by...
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