Comprehensive Financial Planning

The Financial Planning Standards Council (FPSC) states that there are six components that must be incorporated to complete a comprehensive financial plan. They are as follows:

  1. Financial Management,
  2. Asset Management,
  3. Risk Management,
  4. Tax Planning
  5. Estate Planning, and
  6. Retirement planning. 

At Ryco, we focus on customized solutions to fit each of our client’s unique financial situation.

 

Investments

Personal

  • We review and analyze our client’s portfolio of personal investments & their group retirement plan
  • We make any necessary changes to align with our client’s risk profile
  • We monitor investments and risk profile over time.

Corporate

We service our corporate clients' group RRSP/DPSP and RPP by offering:

  • a suitable array of investment options, and
  • one-on-one sessions with each employee to ensure their risk profile is completed and they’re investing within their tolerance level.

 

Insurance

Personal

  • We review current personal and group insurance coverage
  • We complete an insurance needs analysis
  • We compare coverage the client has with the coverage the client needs, to identify any potential gaps or blind spots in coverage that may not be apparent
  • We make recommendations based on current needs analysis and future goals

Corporate:

  • We implement new group insurance for businesses without coverage,
  • We review existing group insurance coverage for business,
    • Relying on our experience and resources, we can analyze group insurance claims experience and ensure our business clients are getting the best coverage for the best rate.
  • We review the current Buy-Sell agreement for life and disability insurance, and offer recommendations regarding potential gaps in coverage,
  • If business partners do not have a buy-sell agreement, we will recommend appropriate coverage after doing a needs analysis,
  • We offer key-employee insurance to protect businesses against the loss of a key-employee

 

Banking

We offer:

  • Personal and corporate mortgages through our banking consultants at Manulife Bank
  • High-interest savings accounts for both personal and corporate accounts
  • RRSP Loans for individuals, and businesses for owners, management, and key-employees.
  • Tax-Free Savings Accounts and Tax-Free Advantage Accounts