When it comes to your financial goals, there should never be any blind spots. While making decisions around specific goals will put you on the path to reaching these goals quicker, there’s a lot to consider when it comes to your investment and insurance situations. This can make it difficult to visualize how your financial strategy will fit into your life goals, and vice versa.
We know this can be an overwhelming process. So, to help Canadians map out their financial goals, we’ve created an extension of our goal-based solution that allows clients to consolidate the various aspects of their financial plans without the hassle of working with multiple advisors and platforms.
What is goal-based investing?
While traditional investing is based on where you will invest (like an RRSP), and what products you’ll invest in, goal-based investing considers a client’s goals and the steps needed to achieve them.
Just like one person’s career path is different than the next, the path for each of your investment goals should be different. At Invisor, we recommend customized portfolios that reflect your needs and time horizon of each investment goal. Low-cost funds are chosen to ensure our clients’ savings are maximized, and each goal receives its own custom plan.
But what’s the benefit of investing based on your goals, rather than by account or product? Let’s name a few:
- A portfolio that’s built with easy-to-navigate paths, and a clear beginning and end to your goals
- A cost-effective strategy that ensures you’re funding your accounts based on your desired result, not how much you think you might need
- A plan that takes the uncertainty out of reaching your goals, so you know exactly how and when each goal will be achieved
So how can you experience these benefits in your own financial plan? We’ve made it easy by creating InvisorGPS™.
What is InvisorGPS™?
InvisorGPS™ is a free online financial goal planning solution that lets you plan and track your investment and insurance goals all in one place. It takes the guesswork out of tracking your goals, and gives you a consolidated plan that you can view and adjust anytime, from any device.
With InvisorGPS™, you can:
- Set short and long term goals
- See how long it will take you to meet those goals
- View and shortfalls in your plan, and adjust accordingly
- Track your progress
- Receive a free insurance needs analysis
That sounds great – how do I get started?
InvisorGPS™ is available and free for anyone to try. Just select Plan & Invest on our Get Started page and see how InvisorGPS™ can help you track your investment and insurance goals, all in one place. Because the path to your financial goals should be a clear one.
If you have questions about how goal-based investing can help you achieve your financial goals, feel free to email us at firstname.lastname@example.org.