Andrea Thompson

We use, I don't know if you've heard of Monarch Money.

It's an app.

It came from the US.

It's been up here for about, I want to say two and a half years.

And the awareness of cash flow that you can get from using a tool similar to that, or you've probably heard of another one called YNAB, just any sort of tool that allows you to have an ongoing track of your money and what's happening.

Not to necessarily budget.

Budgeting is a different skill set.

It's really just the awareness of where your money is going.

And having that awareness actually empowers you to make different decisions or make more confident decisions with respect to how you're going to spend going forward.

So part of what we do is that coaching element so that people can better understand their own cash flow and then what they can do with that information to then empower them to make other decisions down the road.

Every client that comes to me already has some sort of established way in which they have approached their investment planning, which we talk about in our discovery calls.

Either they're already a DIY investor, they're already a robo-advisor client, or they have an established financial advisor.

Then sometimes you have clients who just have group pension plans and they don't have any advisor.

So they fall into one of those buckets.

I put maybe, let's say, a bank advisor in the same realm as a financial advisor here, someone at a bank branch.

So it's talking through with the client, does their ability and desire to manage money align with how they're currently operating?

And what are the red flags or potential opportunities that exist that they are maybe not taking advantage of in their current setup?

And I don't mean that I'm looking for opportunities to say this manager is bad.

He's picking a bunch of bad stocks.

Go over here.