2. 2 Financial Planning Financial planning — for your life 3
O
ur promise: a collaborative
Financial planning financial planning relationship
involves more than just Your financial planner has one objective: to help you
achieve your financial goals — and ultimately your life
money. It involves you – goals — both easily and effectively.
your needs, your values, We know that trust isn’t earned in a day. It will take
time for you and your financial planner to get to
your dreams. know one another and develop the two-way
partnership that will help you both have a better
Everyone has goals, no matter what their life stage. understanding of your needs and how financial
Take you, for example. While you want to enjoy a planning can help. It’s a collaborative, ongoing
relationship that you shape based on your personal
comfortable life today, you probably also have an
style and the advice and services you need.
eye to the future — where you want to be, how you
want to live, what activities you want to pursue and As an RBC® client, you will have the security of
the steps required to get there. dealing with one of the world’s largest and most
reputable financial institutions — with access to the
You also know that while money and financial expertise of one of the broadest and deepest groups
security aren’t everything, both are likely to play an of wealth management professionals in the business.
important role in achieving many of your future life Over the years, we’ve maintained our financial
goals. And that’s where professional financial strength in every type of market by applying sound
planning can help. risk management policies, a diversified approach to
business and a long-term view to decision-making.
Your financial planner uses this same rigour and
Y
our plan: bringing personal discipline in helping you develop and maintain
and financial needs together a financial plan to achieve your own long-term
financial success.
Financial planning is a dynamic process that takes into
account your personal and financial needs to create a
plan that’s designed to achieve your life goals.
RBC Financial Planning® can help. Our financial
planners are experienced, accredited Professionals
with the knowledge to help you develop a personalized
financial plan.
It all starts with Your Future by Design, our proprietary
financial planning experience that’s centred on your
life and financial goals. As part of the Your Future by
Design experience, you can expect to gain a better
understanding of what’s important to you and how
professional financial planning can help you
accomplish your goals.
3. 4 Financial Planning Financial planning — for your life 5
O
ur integrated approach puts n
Optimizing your cash flow and increasing your net
worth. There are a number of strategies we can use to
your goals first help optimize your cash flow now and in retirement that
Your financial planner has the depth of knowledge will allow for suitable balancing of income and expenses.
necessary to develop a plan that addresses all your n
Borrowing and debt management. We can provide
wealth management needs. access to the credit you may need, and ensure
that your borrowing is as cost-effective and tax-
efficient as possible.
Accumulate my Protect my wealth
wealth by saving by identifying and n Investment planning. We can build an investment
and investing managing risks
for growth to my financial strategy to meet your needs, with access to a full range of
well-being RBC Wealth Management® solutions, unique portfolio
My goals solutions from RBC, as well as select mutual fund
solutions from other third-party providers.
n
Tax planning. We consider tax-efficiency in all the
strategies we propose, whether through the choice of
investments, the strategic allocation of assets within
your portfolio, the use of trusts or income-splitting
with family members.
n
Retirement planning. We can help you plan for
retirement so you can accumulate the financial
Transfer my Convert my resources you need to live your desired lifestyle,
wealth to future wealth into a no matter how close to retirement you may be.
generations tax-efficient and
according to reliable stream of n
Transitioning into retirement. The move from your
my wishes retirement income primary career into retirement can involve many
aspects of financial planning, from using investments
and other sources of income to create tax-efficient
retirement cash flow, to purchasing a retirement
property or leaving a legacy. Business owners also
With RBC Financial need to address succession planning as they prepare
to transition out of their role as owner. We can
Planning, you work with an provide the support you need to make it happen.
accredited planning n
Risk management. Financial protection through
insurance can play a key role in preserving wealth
professional and the lifestyle you want for you and your family. We
can help you assess your insurance-related needs to
Whether your needs are simple or complex, at RBC highlight the type of protection you may want to put
your accredited financial planner will help you in place.
develop the financial strategies that go beyond n
Estate planning. We can help you put a planning
your investment-related needs to cover all aspects structure in place to ensure that your estate assets are
of your financial well-being. We can assist you with distributed in the manner you intend — and in the
the following: most tax-efficient way possible.
4. 6 Financial Planning Financial planning — for your life 7
strategies that will help you achieve your goals with
appropriate tax-efficiency. While saving and investing
are essential to achieving your goals, they are just part
of a complete plan. Your financial planner will provide
advice on a broad range of topics that are most
relevant to you. These may include cash flow
management, borrowing and debt management,
investment planning, tax planning, retirement
planning, retirement transition planning, risk
What you’ll experience: management and estate planning.
Your Future by Design for 4 Introduction Discovery Strategy Solutions Service
financial planning clients Your financial planner will put your plan into action by
recommending appropriate products and services to
Centred on your personal and financial needs, the support the strategies you have developed. With access
Your Future by Design experience consists of five elements. to a full range of wealth management and banking
solutions, your financial planner will address your
borrowing, day-to-day banking, cash management
1 Introduction Discovery Strategy Solutions Service and risk management needs, in addition to your
Financial planning is broader than investment investing needs. Investment-related solutions
planning. It involves a professional and disciplined include a wide array of RBC investment options,
approach to achieving life and financial goals. As ranging from Guaranteed Investment Certificates to
an active participant in developing your plan, you growth-oriented mutual funds, as well as select
should have a good understanding of the collaborative mutual fund solutions from other third-party
nature of the financial planning relationship and what providers. And, when specialized advice and
your part will be, along the way. solutions are required, your financial planner has
access to other wealth management specialists to
2 Introduction Discovery Strategy Solutions Service assist in addressing your needs.
With the assistance of our innovative life discovery
cards, your financial planner will gain a deep 5 Introduction Discovery Strategy Solutions Service
understanding of what is most important in your life. O
nce your financial plan is implemented, with
This life discovery dialogue not only helps your solutions in place, your financial planner will continue
financial planner understand your needs, it can also to be a dedicated resource to you any time you need
help you clarify life priorities for yourself. Once this advice or experience a life change that could have a
foundation is established, the next part of discovery financial impact. Ongoing communication remains a
involves achieving an understanding of your key element of your relationship, and your financial
financial situation, including your current net worth planner is available to discuss any aspect of your plan.
and cash flow picture. With your active participation, your financial planner
will also conduct an annual review of your plan’s
3 Introduction Discovery Strategy Solutions Service progress and make any adjustments needed.
Based on learnings from the discovery dialogue, your
financial planner will work with you to develop a
financial plan. This plan will outline the specific
