David is a Certified Financial Planner (CFP) licensee who has met
all of the certification requirements of the Financial Planners
Standards Council of Canada. In addition to this, he has earned
a Certificate in Financial Planning from the Canadian Institute
of Financial Planning. In 1998, the Canadian Securities Institute
also awarded him the Canadian Investment Manager (CIM) designation
after completing a rigorous program in professional financial planning
and investment management.
He is a firm believer in the six-step Financial Planning Process
espoused by the Canadian Association of Financial Planners. "The
discipline of the six step financial planning process provides time-tested
framework for the application of my specialized knowledge in retirement
planning, estate planning and investment management," says
David's service is focused on listening carefully to each client's
financial goals to tailor a financial strategy that is appropriate
to their own unique aspirations and financial circumstances. His
recommendations can encompass risk management, tax minimization,
investment management, retirement planning and estate planning.
Implementation of a financial plan, regular monitoring and periodic
re-balancing of the investment strategy to respond to economic forces
and life cycle changes are just part of the ongoing service he provides.
"With the resources available in the Fiscal Agents organization,
I can offer clients a broad range of financial solutions for the
RESP, RRSP and RRIF, GICs
and T-bills," says David.
"There are experienced insurance practitioners at Fiscal Agents
who can advise on life, accident and sickness insurance. And all
advice is truly unbiased since Fiscal Agents operates independently
and does not promote proprietary financial products."
A growing part of his professional practice is working with the
owners and employees of small and medium sized businesses to establish
group retirement plans. These plans include Group Registered Retirement
Savings Plans (RRSP), Deferred Profit Sharing Plans (DPSP) and Defined
Contribution Pension Plans (DCPP).
David has a special interest in savings plans for post-secondary
education. With five children of his own, David realized the necessity
of starting a systematic savings plan for university when the kids
were young. The Registered Education Savings Plans (RESP) started
in 1983 and have been used by each of his children to partially
fund their undergraduate education and have been especially important
as education costs in the last ten years have increased much faster
than the rate of inflation.
"I encourage parents to start a regular savings program for
their son or daughter's education when their kids are young,"
"That was, they can take full advantage of years of compounding,
whether the savings vehicle is an in-trust account or RESP. And
with an RESP, there is the added opportunity to benefit from the
Canadian Education Savings Grant (CESG) that was introduced in 1998
by the federal government."
"The opportunity to help individuals and families build their
financial independence is particularly satisfying," says David.
"Plan preparation and execution are vital for success in business.
They are also indispensable for success in personal finance."