Reviewing Your Wealth
 Management Needs

• Solution

Solutions for Your Needs

Solution: Assessing Your Current Strategy
Peter & Sylvia* continue to meet regularly with their Investment Advisor. Assessing their current strategy and financial situation is a critical part of ensuring they’re still on track to meet their financial goals.

With education costs always on the rise, concerns about funding their children’s schooling are justified. Their Investment Advisor can help determine if their RESPs will be sufficient by preparing an Education Analysis Report using the BMO Nesbitt Burns Pathfinder® software program. By illustrating the effects of inflation on tuition costs and factoring in the benefits of the Canada Education Savings Grant (CESG), this report can help their Investment Advisor determine if their education savings strategy needs revision.

A similar analysis of Peter and Sylvia’s retirement goals and strategy will show very clearly if their current investments and future contributions will be sufficient to maintain their lifestyle after retirement. Regular review of their complete financial situation is crucial for identifying significant changes in their situation (such as Peter’s inheritance) and revising their strategy accordingly.

This is also an appropriate time to review their insurance** coverage to determine if an increase or decrease in coverage is called for. Their Investment Advisor will work with a BMO Nesbitt Burns Estate & Insurance Advisor to determine the best fit for their overall financial plan.

If you’re interested in reviewing your unique financial situation and the factors that shape it, contact a BMO Nesbitt Burns branch near you or complete our simple online request form to have an Investment Advisor contact you directly.

* Fictional characters. Any similarities between them and actual clients of BMO Nesbitt Burns Inc. are accidental.

**All insurance products are offered through BMO Nesbitt Burns Financial Services Inc. by licensed life insurance agents, and, in Quebec, by financial security advisors.