Financial Assets Chart

The Financial Assets Chart examines how a client’s liquid and fixed assets will change over time. This chart focuses on all liquid and fixed assets pre-retirement, but removes the breakdown of fixed assets in retirement. This approach focuses the client’s attention on the 3 most important areas; total retirement (liquid) assets, required retirement assets, and total net assets. This comparison demonstrates the difference between what they have and what they need.

Financial Assets Breakdown

• Retirement Investments – Total value of all Client and Spouse RRSP/RRIF and Locked-In Plans.
• Cash Investments – Total value of all Client, Spouse, and Joint Non-Registered and TFSA Investments.
• Corporate Investments – Value of Corporate Investments & Securities.
• Corporate Fixed Assets – Total value of Corporate Real Estate and Operations & Good Will.
• Investment Real Estate – Total value of all Recreational and Investment Real Estate.
• Principal Residence – Value of the client’s Principal Residence.
• Other Assets – The total value of all Other Assets.
• Personal Insurance Cash Value – Total cash surrender value of all Personal Life Insurance policies entered.
• Corporate Insurance Cash Value – Total cash surrender value of all Corporate Life Insurance policies entered.
• Estate Worth – Equal to the total net assets minus outstanding tax liabilities on any assets.
• Total Net Assets – Equal to the total value of all assets minus any remaining liabilities. This includes Lifestyle Line of Credit but not outstanding tax liabilities on any assets.
• Required Retirement Assets – This is a calculated value based on the client’s retirement goals the timeline for retirement. This is meant to give you an idea of the liquid assets required to fund the future Retirement Income Needs. This helps to determine whether a client has sufficient liquidity to fund their goals in retirement.
• Client Life Expectancy – The client’s assumed life expectancy that has been entered.
• Spouse Life Expectancy – The spouse’s assumed life expectancy that has been entered.

*View the Net Worth Ledger, Personal Assets Ledger and Corporate Assets Ledger for a breakdown of any of the asset values.