Creating a financial plan - what’s with all the questions?
By ATB Wealth 29 May 2020 1 min read
There is a French culinary phrase “mise en place,” which translates to “putting in place,” or “everything in its place.” It refers to the system a chef uses to gather, arrange and prepare the tools and ingredients required prior to the cooking of a meal. This elaborate process ensures everything necessary is at hand for the creation of the ultimate dining experience.
Seeking advice and working with a financial advisor to develop your financial plan involves a similar focused preparation process. Much like a chef’s mise en place, your advisor will work through a discovery process with you, ensuring he or she has all the information required for a comprehensive plan that reflects your values and addresses your unique situation.
Think of your financial advisor as your own personal chef that is working with you to create the ultimate planning experience. To do so, your advisor requires a significant amount of information about you, including your life and financial goals, your values, your fears, your financial situation, family dynamics, etc. This discovery process involves both quantitative and qualitative data, and the extent of the data varies depending on the scope of your plan.
Whether you want to provide for your children’s education, protect your family if something unexpected happens, establish a successful business, create a charitable legacy, or maybe even all of these, a well thought out plan can help get you there.
With complete and accurate information, your ATB Wealth advisor will work with you to create a personalized financial plan that sets out the course for achieving your goals and living the life you aspire to.
This document has been prepared by ATB Wealth. ATB Investment Management Inc., ATB Securities Inc. (Member Investment Industry Regulatory Organization of Canada and Canadian Investor Protection Fund) and ATB Insurance Advisors Inc. are wholly owned subsidiaries of ATB Financial and operate under the trade name ATB Wealth. ATB Financial is a registered trade name/trademark of Alberta Treasury Branches. The information contained herein has been compiled or arrived at from sources believed to be reliable, but no representation or warranty, expressed or implied, is made as to their accuracy or completeness and ATB Wealth (nor its component legal entities) does not undertake to provide updated information should a change occur. This document is being provided for information purposes only and is not intended to replace or serve as a substitute for professional advice, nor as an offer to sell or a solicitation of an offer to buy any investment. ATB Wealth, ATB Investment Management Inc., ATB Securities Inc. and ATB Insurance Advisors Inc. do not accept any liability or responsibility whatsoever for any loss arising from any use of this document or its contents. Always consult with your investment advisor before buying or selling securities. This document may not be reproduced in whole or in part, or referred to in any manner whatsoever, nor may the information, opinions and conclusions contained in it be referred to without the prior consent of ATB Wealth.