Canterbury Investment Management

Welcome

Welcome to the Wealth Management Benchmark, a comprehensive guide designed to assess your goals, their current level of completeness, and what your next steps should be. During this assessment, your advisor expert will walk you through a series of questions discussing different aspects of your life.

Each section contains a set of questions which you will be asked to measure on importance, current level of completeness, and urgency to complete. You will measure these areas on a scale of 1-5. A rating of "5" in importance will say that the area being addressed is "highly important"; a rating of "5" in completeness will suggest that the area has already been completed and does not have any further steps; a rating of "5" in Timing will suggest that this is an area that is urgent to be addressed.

At the conclusion of the WMB Process, you and your advisor expert will discuss the areas of your life that you deemed most important, and develop strategies to complete your next steps to financial independence.

Net Worth & Cash Management	Importance	Completeness	Timing	Critical Level

Do you have a net worth and cash management system?
1) Discuss ways to build net worth and manage cash flow with your advisor
2) Create a net worth and cash flow statement. Update Annually.
3) Set goals for personal net worth for 5 years, 10 years, and at retirement. Update every two years.
4) Confrim that savings and excess cash flow are being reinvested and managed in a structured manner.
5) Estalish a method to track your cash flow and expenses.
6) Confirm that your portfolio has enough liquidity to meet any shortfall (perhaps due to an unforseen event)
Do you have a debt management system?
1) Discuss debt leverage with your advisor.
2) Confirm that nay existing debt is tax efficeint and reasonable
3) Establish a plan to pay off inefficient debt
4) Establish lines of credit at the best available rates
Do you use all reasonable means to reduce your taxes?
1) Discuss tax management with your advisor
2) Review your portfolio holdings to ensure that short-term losses and long-term gains are emphasized
3) Confirm that all tax-advantaged empoloyee benefits are being maximized. Update annually.
4) Evaluate possibilities and techniques for charitable and family gifting. Update annually.

Investment Planning	Importance	Completeness	Timing	Critical Level

Do you have a net worth and cash management system?
1) Complete the Investor Education Program. Review every 3 years.
2) Discuss your overall investment philosophy and create an Investment Policy Statement
3) Implement a rules-based portfolio management system that follows the directives of you rIPS with parameters for volatility and diversification
4) Ensure that the management of all your financial assets is consistent with your IPS
5) Quantify the level of volatility in your portfolio.
6) Confirm diversification among and within different investment classes (low correlation of securities).
Do you have a debt management system?
1) Keep a consistent investment philosophy; do not allow it to change based on emotion, media advice, short-term results, or unrealistic expectations

Life Planning	Importance	Completeness	Timing	Critical Level

Do you have a good balance among your career, lifestyle, and family objectives?
1) Discuss the importance of creating a compelling vision of your future life.
2) Create a compelling vision of your life.
3) Complete a quality of life assessment.
4) Create a plan to fulfill your vision
5) Use coaching for continual accountability to your plan.
Are you planning for vitality?
1) Discuss the importance of creating a plan for heavy living.
2) Get an annual physical exam and take the steps recommended by your qualified health practitioner to enhance your vitality
3) Create a plan to implement a balanced, nutritious diet.
4) Create a plan for healthy living habits (regular exercise, sufficient sleep, etc)
5) Create a plan to address your physical and mental health to decrease stress.

Retirement Planning	Importance	Completeness	Timing	Critical Level

Do you have a plan to remain financially viable throughout your life?
1) Discuss your philosophy for life after 50.
2) Explore continued employment and other opportunities for generating income.
3) Complete a retirement planning financial analysis six months prior to any career transition.
4) Reveiw the flow funds chart
5) Evaluate retirement accounts that need to be established

Estate & Legacy Planning	Importance	Completeness	Timing	Critical Level

Does your estate plan match your wealth transfer goals?
1) Discuss your estate and legacy philosophy with an estate planning advisor.
2) Create a detailed outline of your objectives.
3) Review ownership of assets and conrim that assets have the correct beneficiary.
Have you created a will and established appropriate trusts?
1) Explore the use of trusts as a financial planning tool.
2) Establish trusts, determine trust funding, and draft wills and all necessary related documents. UPdate every three years.
Do you have the necessary planning documents (durable power of attorney for finances, healthcare directives, etc)
1) With family members, discuss decision-making in case of incapacitiation, life support, and final wishes.
2) Establish written procedures for family to execute those wishes.

Asset & Income Protection	Importance	Completeness	Timing	Critical Level

Do you have an appropriate amount of life insurance, consistent with a specific plan?
1) Discuss your insurance philosophy with your insurance advisor
2) Identify the amount of life insurance necessary to meet your family's eneds in the event of an untimely death and develop a life insurance plan.
Are you adequately protected against catastrophic losses such as long-term care costs, porperty losses, or liability issues?
1) Discuss appropriate auto, porperty, casualty, and personal liability insurance with your insurance advisor.
2) Confirm that your insurance is cost effective
3) Complete a home inventory including listing bequests of a personal property.
4) Analyze and make decisions regarding long-term care.
5) Determine if asset transference or retitling is appropriate for liability or long-term care concerns.
Do you have appropirate disability protection given your assets and income?
1) Review the income needed if you bemoce disabled and ensure that your current policy is adequate and sufficiently liberal to meet your needs.

Total Wealth Management Benchmark

Net Worth and Cash Management

Investment Planning

Life Planning

Retirement Planning

Estate & Legacy Planning

Asset & Income Protection