20 ~ North Shore News — Sunday, August 6, 2000 Check the new planning practi money matters FINANCIAL planning should ease your mind and grow vour money. An etfective financial plan should help vou make sound investments, protect your assets and save tay. It should help vou have the money te buy sour first or next home, educate vour children, start a Lonsdale Quay 123 Carrie Cates Road, North Vancouver (To Us) Cheaper! Hurry before the $10 fee for a Possession-Only Licence goes up to $60. For more information, assistance or forms: BUSINESS business, enjoy a secure retirement. Tt should put your interests ahead of the adviser’s. Does your financial plan do all this? The Canadian Association of Financial Planners has just produced a Guide to Financial Planning Practice Standards, which RFPs (reg istered financial planner members of the CAFP) must follow starting Jan. 1, 2001. Use the main points below to see how complete a plan vour adviser has pro- duced, of to draw up your own plun. @ Are We Meant For Each Other? The adviser should decide if his or her services and skills meet your needs, and if the wo of vou are a good match. If se, he or she should prepare an engage- ment and disclosure letter on what work will be done and how the adviser will be paid. Both of you should sign this letter. @ Getting to Know You. The adviser should ask for your financial information (assets, debts, income, outge, insurance details, tax figures, etc., backed up by the relevant documents), and for personal details — from your hopes and fears to your money man- agement style te how vou feel about heiping the kids finan- cially. M Yesterday, Today and Tomorrow. The — adviser should review the past, ana- Ivze the present and project the future, with emphasis on income /expenses, debts, investments, insurance and other risks, and estate plan- ning. The adviser should review and fine tune these analyses with you. The adviser should work with other spe- cialists — both others who deal with your finances and also those outside her/his areas of expertise. @ Now Here’s What You Should Do. You should receive a written plan — a clearly explained, concise list of (1) steps to take, (2) who will do what and (3) dmetable for the various actions. The adviser should also provide for follow-up contact to monitor progress and revise the plan. Monthly Income on $50,000 Investment RATES SUBIECT TO CHANGE WITHOUT NOTICE t 60 senloneoe 228.00] 139.00) sm $971.00 $58,260 69 399.00 369.00) 336.00 198.00 vss $409.00 a $73,620 GIC Rates-GiCs, RSPs, RIFs, LIFs | 6.20% | 3YR RATES SUBJECT TO CHANGE WITHOUT NOTICE ASK US ABOUT: <> RRSPs, RRIFs, LIFs > Self-Directed Plans & RESP Programs = Mutual Funds/Seg Funds 25 years‘ experience in investment, retirement and estate planning SHE CUARD invesimests tac. Securitres Dealers 1205-675 W, Hastings St. Vancouver 688- 7 401-106 Park Royal Ss. West Vanc 925-3101 wrevw.solguard.com Building better retirement incomes since 1974 August 9 to 13 ces guide Mike Grenby is a columnist and independent personal financial adviser. Hell answer gitestions in this column as space allows but cannot reply personally, Contact him by e- sail at . THE Urban Settler Antique Co.’s Mahara Ranger offers a choice of rustic Canadiana. Suppiying famous artists From page 18 like Daniel Izzard, Elizabeth Smily and Kiff Holland. Native carvers from the . Squamish Nation reserve, . interior designers, architects, : and even Hollywood North types also frequent the store. Commercial Avenues is a monthly feature of the North Shore News? business section. It seeks ta capture a snapshot of the day-to-day life of businesses selected at random that call the street home. If you have a éust- ness that is part of a unique or otherwise wortinwhile block, or know of any write to Commercial Avenues, North Shore News, 1139 Lonsdale Are. North Vancouver V7M. 2H4 or e-mail . . AVAILABLE 10:00 am — 6:00 pm Easier! A team of trained individuals wiil provide a licence application form, help you with it, and take your photo free of charge. Please don’t bring yeur firearms! 1 800 731-4000 = www.cfe.ge.ca