There is a lot of complexity when you're trying to fit all the pieces of your financial puzzle together. Having Modern Cents walk you through that journey can help to set your mind at ease with respect to your most pressing concerns, educate you on all matters related to your financial picture, and give you the confidence to make decisions regarding your finances as you move forward.
Give us one year.
Change doesn't happen overnight, and you need time to effect proper new financial habits.
We will work on the six different areas of financial planning over the course of the year, one subject at a time. This ensures that we can build in proper financial education around each topic so that you feel confident and comfortable with respect to the recommendations that we will make to you.
Included in your Comprehensive Planning Engagement:
Onboarding - Data discovery process using Sidedrawer for secure document upload and sharing
Discovery - We review your goals and objectives, personal money biases and identify the scope of work to be accomplished across all financial planning disciplines over the course of the year.
We provide your Personalized Financial Planning Roadmap for the scope of work to be done after this call.
Bite sized approach to planning - Over the year, we will address each financial planning subject uniquely following the roadmap and provide education, written recommendations, analysis and implementation steps for each. We will meet on a regular basis to progress with each planning subject.
Ongoing Implementation of the plan via monday.com - This is where we communicate with our clients and assign tasks between meetings to ensure that you stay on track with implementing our recommendations.
Detailed meeting notes and all planning deliverables are included after each call.
Cost: $2,999 + HST onboarding PLUS
Couples: $250/month + HST
Individuals: $175/month + HST
Beginning 30 days after the beginning of our engagement
*A 1 year commitment required for all new comprehensive clients*
Comprehensive Financial Planning
Comprehensive planning is ideal if you are struggling to make financial decisions on a holistic level, and would like a complete integrated analysis of your entire financial picture.
Cross Border Complexity
You have accumulated wealth and pensions in both the US and Canada, and would like to know how to integrate them in a cohesive manner.
Or perhaps, you're a US citizen living in Canada trying to navigate the complexities of your investments and retirement planning.
*For Canadian residents only.
+$1,500 to onboarding cost
Modern Technology
The use of technology is an integral part of our planning process. We use various pieces of software to help illustrate concepts, further your financial literacy and provide our recommendations. Here are some of the tools that we use throughout our engagements.
Sidedrawer
Data security is of utmost importance to us. When we collect your personal information and documentation, we use Sidedrawer as a collaborative digital vault designed for efficientcy & privacy. You also get to use this vault for personal document storage and sharing with your external professionals, family and other required individuals.
Planworth
Our retirement and long term planning projection software. How you define your goals and how likely you are to achieve them can be modelled and forecasted using our client friendly software.
Wealthscope
A detailed look at your holistic investment asset allocation. This allows us to see all of your accounts and holdings in one place, and gives you a Scorecard to assess your risks across 6 different dimensions in more detail.
Winton
Do you feel like you make a good living, but you're not sure where all of your money goes? Discover easy-to-follow strategies to free up cash flow by creating a Winton account through Modern Cents.
As part of our comprehensive engagement, we will create and implement cash flow strategies to improve your day to day money management.