Call Carol Plaisier and Devon Ethier at 250-586-1332 for financial advice right here in Parksville, and make 2020 the year you take control of your finances!

Why financial planning makes ‘cents’

Getting good advice can pay dividends beyond your bank account

The start of a new year is a great time for reflection. It’s a chance to think about what’s working in your life and where you might want to grow.

You might be planning to take control of your nutrition, incorporate exercise, or reassess your relationships.

But is there something else you’re forgetting — or avoiding?

Carol Plasier, an Investment Advisor with HollisWealth, wants to help you face your fears.

“Make 2020 the year you take control of your finances!”

The value of good advice

Figuring out your financing can feel daunting, but you don’t have to do it alone. In fact, you’re better off if you get professional help.

“When Canadians receive professional financial advice, their financial assets grow much faster,” Plaisier says, and she has the statistics to prove it.

According to a study presented by Advocis that compared Canadian households that received advice to those that didn’t, the benefits grow over time. Those who receive advice saw:

  • 1.58 times more growth over 4 to 6 years
  • 1.99 times more growth over 7 to 14 years
  • 2.73 times more growth over 15 years

“These are significant differences,” Plaisier says, and it’s easy for you to take advantage.

Planning takes the pressure off

For Plaisier, no two clients are the same so no two plans should be the same.

“My colleague Devon Ethier and I value comprehensive financial planning because it allows us to incorporate the entire picture. Every person and family has different needs, so every plan should be slightly different. There’s no cookie-cutter approach that fits everyone.”

Consulting with an advisor and creating a personalized financial plan can have significant effects on the way you feel in 2020.

A study commissioned by FP Canada found those with comprehensive plans feel better in many ways:

  • Financial goals and retirement plans: 81 per cent of those with comprehensive financial plans feel on track with their financial affairs, versus 73 per cent with limited planning and only 44 per cent with no planning.
  • Improved ability to save: 62 per cent of those with comprehensive financial plans report that they have improved their ability to save in the last five years, versus 56 per cent with limited planning and only 40 per cent with no planning.
  • Dealing with financial challenges: Life throws you curve-balls, but with a comprehensive plan you’ll have more confidence in your ability to handle challenges.
  • Indulging in discretionary spending: With a comprehensive plan you’ll have a better idea of the treats you can afford.

“Get started now, and make 2020 the year you take control of your finances.”

For more information, email carol.plaisier@holliswealth.com or call 250-586-1332 for financial advice right here in Parksville.

Disclaimer:

This information has been prepared by Devon Ethier who is an Investment Advisor for HollisWealth® and an Insurance Advisor with Hollis Insurance Agency. Opinions expressed in this article are those of the Investment Advisor only and do not necessarily reflect those of HollisWealth. HollisWealth® is a division of Industrial Alliance Securities Inc., a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. Insurance products provided through Hollis Insurance Agency.

FinancesInvesting

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Comments are closed

Just Posted

COVID-19: Latest updates from Parksville, Qualicum Beach, RDN

Level 1 Emergency Operations Centre now activated

COVID-19: Have a heart-to-heart in Parksville Community Park

Painted hearts show correct way to follow physical distancing protocol

B.C. veterinarians want to smooth the fur of COVID-19-worried pet owners

Vets expect to continue giving your fur buddies the help they need while social distancing

COVID-19: Qualicum Beach youngster gets car parade for his sixth birthday

Friends get creative after party cancelled due to ongoing pandemic

B.C. is seeing the highest rate of COVID-19 recovery in Canada, and there’s a few reasons why

British Columbia was one of the first to see rise in COVID-19 cases, and has also switched up testing

COVID-19: List of postponed/cancelled events in the Parksville Qualicum Beach area

Send your organization’s updates to editor@pqbnews.com

B.C. Ferries passengers staying away, as asked, during COVID-19 pandemic

Ferry corporation says ridership down 70-80 per cent over the last week and a half

Sewers stitch masks to free up supplies for front-line health-care workers

“We have little old ladies sewing up a storm,” said Joan Davis

Experts weigh in on best handling of groceries during COVID-19 pandemic

Study suggests the virus can live for up to 24 hours on cardboard and up to three days on plastic

COVID-19 world update: Enforceable quarantine in NYC?; France orders 1 billion masks

Spain warns EU’s future at stake; New York governor calls Trump’s idea ‘federal declaration of war

Duncan man asks community to donate RVs to essential workers in need of quarantine

Ryan Oakley creates a Facebook group to help coordinate the effort

Earth Hour 2020 kicks off online Saturday night

Action moves online due to COVID-19

Nanaimo couple caught aboard cruise ship with four dead and COVID-19 present

Four ‘older guests’ have died on Holland America’s Zaandam; cruise line confirms two COVID-19 cases

Most Read