MONTRÉAL, Oct. 21, 2014 /CNW
Telbec/ - Financial Planning Month is the perfect time to revisit
one's personal finance strategy — both in terms of saving and
credit. As experts in the management of personal finances,
financial services advisors can offer valuable support to clients
for achieving their objectives, but also for finding solutions to
effectively managing their personal finances.
According to a Laurentian Bank survey conducted by
CROPi, more than one third of Québecers find that
managing personal finances is a complex task. However, most do not
avail themselves of a financial services advisor's expertise. More
specifically, 64% of survey respondents between the ages of 18 and
34 indicated that they do not use the services of such advisors.
The proportion of people who do increases as retirement approaches,
with 51% of those aged 55 and over using such services.
Meeting with an Advisor Makes Good Sense
"People should sit down with their financial services advisor
once a year, as they do with their physician to take stock of their
health status," underlines Financial Planner Guylaine Dufresne, Senior Manager of Investment
and Financial Planning at Laurentian Bank. The advisor's role is to
support clients with their projects and plans by helping them
establish realistic objectives based on their means. By having a
360-degree vision of their client's financial situation, the
advisor is able to objectively offer concrete solutions that will
meet their goals with respect to saving, debt repayment and plans
for the future.
"It is a good idea to meet with a financial services advisor not
only annually, but any time one's financial situation changes as
well," adds Guylaine Dufresne.
"People should take advantage of these services at all ages — be it
when they enter the labour market, when they become a parent, or
when buying a property."
$5,000 to be Won… and a Bonus
of 1%
In order to promote awareness among Québecers of the importance
of monitoring their financial situation and of establishing a
savings plan with an expert advisor, Laurentian Bank is holding its
$5,000 to be Won
contestii. Until December 15,
2014, all Bank clients who meet with their advisor to
discuss their savings needs will be eligible to win a prize of
$5,000.
The Bank is also offering its clients who transfer their savings
from other financial institutions an instant cash bonus of
1%iii. This offer is valid until January 9, 2015.
To meet with a financial services advisor, clients can visit any
of Laurentian Bank's 152 branches or contact the Bank's Client
Services Department at 1 800 252-1846.
About Laurentian Bank
Laurentian Bank of Canada is a banking institution whose
activities extend across Canada.
Recognized for its excellent service, proximity and simplicity, the
Bank serves one and a half million clients throughout the country.
Founded in 1846, the Bank is among the 2014 edition of the
Montréal's Top Employers competition, which showcases the city's
top 25 companies offering enviable places to work. It currently
employs some 3,700 people whose talent and dedication has made it a
major player in numerous market segments.
Laurentian Bank distinguishes itself through the excellence of
its execution and its agility. Catering to the needs of retail
clients via its extensive branch network and constantly evolving
virtual offerings, the Bank has also earned a solid reputation
among SMEs, larger businesses and real estate developers thanks to
its growing presence across Canada
and its specialized teams in Ontario, Québec, Alberta and British
Columbia. For their part, B2B Bank is a Canadian leader in
providing banking and investment products and services to financial
advisors and brokers, while Laurentian Bank Securities is an
integrated broker widely known for its expert and effective
services nationwide. The institution has more than $34 billion in balance sheet assets and more than
$41 billion in assets under
administration.
____________________
i The CROP survey
was conducted December 9-14, 2013
among a Web panel of 1,000 Québecers.
ii No purchase necessary. The contest begins on
October 15, 2014 and ends on
December 15, 2014. One (1) prize of
$5,000 will be drawn at random across
all Laurentian Bank branches among all clients who have met with an
advisor between October 15th and December
15th. The prize will be deposited to the Laurentian Bank
RRSP, TFSA or RRIF of the winner. The odds of winning depend on the
number of participants. To claim the prize, the winner must answer
a mathematical skill-testing question. Some conditions apply.
Details available at Laurentian Bank branches or at
www.laurentianbank.ca.
iii Some conditions apply. A cashback of 1% is paid
if the amount transferred and the cashback are maintained in the
receiving account for five (5) years. The types of products not
eligible for the bonus are: LBC promotional products, GICs with a
term shorter than 2 years (1% bonus), term deposits, demand
deposits, bonds and strip coupons. The amount transferred and the
cashback must remain in a Laurentian Bank account in accordance
with the blackout period, otherwise a penalty equal to the cashback
will be charged to the receiving account. The blackout period
begins on the date the investment is issued. The cashback payment,
which can reach a maximum of $20,000
per client, is deposited in Canadian funds to the Laurentian Bank
Tactical account. To take advantage of this offer, please visit a
branch or call your advisor. The Bank reserves the right to modify
or terminate or change this offer at any time without notice.
Please visit a branch for details. The client is entirely
responsible for any tax consequences resulting from the cashback
payment, which is taxable if paid to a non-registered account. To
take advantage of this offer, you must sign a transfer agreement
between October 15, 2014 and
January 9, 2015. This offer applies
to all registered and non-registered funds transfers. Transfers
must be made no later than March 15,
2015.
SOURCE Laurentian Bank of Canada