Goal Planning Advantages

Financial goal planning can increase your wealth

Investors who work with a financial advisor accumulate more savings than those who don’t receive adviceⁱ. But what kind of financial advice should you look for? The best advice helps you reach your goals by identifying them in advance and regularly reviewing your progress.

Goal planning helps you identify and prioritize what you want from your financial future

Our integrated approach helps you identify the personal, big-picture objectives you set for how you invest and spend money. These goals can be things you hope to achieve in the medium term, like a home renovation or paying for a child’s education, to longer-term plans for retirement. Goal planning is an exclusive service we offer to our HSBC Premierⁱⁱ clients.

Your HSBC Premier Relationship Managerⁱⁱⁱ will help pave the way for a comfortable retirement by helping you to:

• Take a realistic view of your retirement

• Think about how long you will be retired and the potential expenses you may encounter

• Set and achieve your retirement goals

• Prepare for the unexpected

Goal planning keeps you focused

Financial markets can be volatile and distract you from your goals. With access to financial tools and resources exclusive to our goal planning service, we will keep you focused and on track to enjoy the financial future you want.

We recommend you regularly review your goals to make sure you stay on track with your plan based on your investment objectives, age, risk appetite and the amount of time you have to invest. It’s important not to get distracted by the news and day-to-day markets moves.

Goal planning and the gamma factor

Gamma represents the additional value that investment planning delivers by helping investors make better financial decisions. Gamma factors include accessing financial advice over the long term and committing to saving—your Premier Relationship Manager and our goal planning service helps you do both. Research from the study the Gamma Factor and the Value of Financial Advice^iv, concludes that investors with advice accumulated 390% or 3.9 times more assets after 15 years than comparable non-advised investors. Your HSBC Premier Relationship Manager can help put gamma to work for you.

Key questions to get you started on your personalized goal-planning journey

We will engage you in a conversation to discover what you really want from your financial future. Every client is different, but here are some of the questions that will frame the conversation.

Set Title
Retirement	Education savings	Other medium and long-term goals
What will your retirement look like? When do you want to retire? How much money will you need in retirement? How are you saving for retirement? What income streams, like a pension, will you have in retirement? Do you plan on working in retirement?	How many children do you have? Is planning for their education a priority for you? What do you think you will need to fund your child’s education? How are you saving for education expenses?	Do you have any major expenses planned (eg, for a home reno or vacation property)? When do you expect to realize your goals? How are you saving for these goals?

Set Title
Retirement	What will your retirement look like? When do you want to retire? How much money will you need in retirement? How are you saving for retirement? What income streams, like a pension, will you have in retirement? Do you plan on working in retirement?	What will your retirement look like? When do you want to retire? How much money will you need in retirement? How are you saving for retirement? What income streams, like a pension, will you have in retirement? Do you plan on working in retirement?
Education savings	How many children do you have? Is planning for their education a priority for you? What do you think you will need to fund your child’s education? How are you saving for education expenses?	How many children do you have? Is planning for their education a priority for you? What do you think you will need to fund your child’s education? How are you saving for education expenses?
Other medium and long-term goals	Do you have any major expenses planned (eg, for a home reno or vacation property)? When do you expect to realize your goals? How are you saving for these goals?	Do you have any major expenses planned (eg, for a home reno or vacation property)? When do you expect to realize your goals? How are you saving for these goals?

We will take you on a personalized goal-planning journey

We will walk you through the following 6 steps to help develop a customized plan unique to your needs:

Step 1: Engage with you to think about your financial future in a big picture way
Step 2: Identify and understand your goals
Step 3: Gather information
Step 4: Review initial results
Step 5: Offer advice and recommendations
Step 6: Review goals regularly

Get started today

Every journey begins with a first step. Speak to an HSBC Premier Relationship Manager to get started on your goal-planning journey to the financial future you deserve.

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Issued by HSBC Investment Funds (Canada) Inc. (“HIFC”)

ⁱ Investment Funds Institute of Canada, “Advice Creates Strong Value for Canadians,” Advisor Insights, May 2017, https://www.ific.ca/wp-content/uploads/2017/05/Advisor-Insights-Advice-Creates-Strong-Value-for-Canadians-May-2017.pdf/17165/; Claude Montmarquette and Nathalie Viennot-Briot, “The Value of Financial Advice,” Annals of Economics and Finance, 2015, 16-1, 69-94; Claude Montmarquette, An Econometric Analysis of Value of Advice in Canada, Montreal: Center for Interuniversity Research and Analysis of Organizations (CIRANO), 2012.

ⁱⁱ HSBC Premier requires you to have an active HSBC Premier chequing account and maintain combined personal deposits and investments with HSBC Bank Canada and its subsidiaries of $100,000 or greater, hold a personal HSBC Bank Canada residential mortgage with original amount of $500,000 or greater, or have income deposits of $6,500 within a calendar month plus confirmation of $100,000 or more in assets under management in Canada. Some exclusions apply. A monthly fee will be charged if you do not meet at least one of the eligibility criteria above. For full details regarding eligibility and any fees which may apply please refer to the Personal Service Charges/Statement of Disclosure.

ⁱⁱⁱ HSBC Premier Relationship Managers are dually employed as HSBC Mutual Fund Advisors and are employees of both HSBC Bank Canada and HIFC.

HIFC is a direct subsidiary of HSBC Global Asset Management (Canada) Limited (“AMCA”) and an indirect subsidiary of HSBC Bank Canada, and provides its services in all provinces of Canada except Prince Edward Island. AMCA is a wholly owned subsidiary of, but separate entity from, HSBC Bank Canada.

^iv Center for Interuniversity Research and Analysis of Organizations (CIRANO), “The Gamma Factor and the Value of Financial Advice,” August 2016, https://www.cirano.qc.ca/files/publications/2016s-35.pdf, Claude Montmarquette and Nathalie Viennot-Briot.