Client profile Georgi Balev*, 50, just got laid off. He was a senior manager at a major engineering firm in Ottawa, Ont., where he had worked for the past 26 years. His total annual compensation, including bonus, was about $300,000. His dilemma: Does he wait until age 65 to start drawing his defined-benefit pension, or […]
One of your wealthy clients tells you her company downsized and she lost her job. She wasn’t given much advance notice, so she’s in shock. She wonders how she’ll pay bills, and is worried about her future. How can you help?
When a client’s job security is on shaky ground, an advisor has to be prepared. This means helping their client get the best possible severance package and making sure they have enough money to safely tread water while searching for a new job.
Previous Brieflies this week: | MON | TUE | WED | THU | The Financial Planning Standards Council (FPSC) has received ISO 17024 accreditation by the Standards Council of Canada for its role as the credentialing organization for the CFP certification program in Canada. ISO 17024 is the standard for certifying bodies, and the FPSC […]