Our Mission

We believe that you need the tools to create financial success on your own terms.

Conflict-free financial planning equips you to make educated decisions about your future with the information available to you today.

Our Mission

We believe that you need the tools to create financial success on your own terms.

Conflict-free financial planning equips you to make educated decisions about your future with the information available to you today.

Julia Chung, CFP, CLU, FEA, TEP

Julia Chung, CFP, CLU, FEA, TEP

Partner, Sr. Financial Planner

Areas of Specialty: Retirement Planning, Private/Family Business, Cross-Border Planning
Sandi Martin, CFP

Sandi Martin, CFP

Partner, COO, Financial Planner

Areas of Specialty: Retirement Income Planning, Family Goal Planning
Karen Richardson, QAFP™

Karen Richardson, QAFP™

Cash Flow & Associate Financial Planner

Areas of Specialty: Cash Flow Planning, Retirement Planning

Kathryn Mandelcorn, FMA

Kathryn Mandelcorn, FMA

Director, Cash Flow Strategies

Areas of Specialty: Money Coaching, Cash Flow Planning

Darryl Brown, CFA®, BComm

Darryl Brown, CFA®, BComm

Director of Portfolio Strategies

Areas of Specialty: Investment Consulting,
Portfolio Analysis

 

 

 
 

Connect with the team on social media

What We Do at Spring

To treat you as the unique person you are by listening, understanding what’s important, and working together to create your life, well spent. 

We want our recommendations to our clients to be influenced only by what’s in your best interest, and never by the potential for referral fees or third-party compensation.

We don’t sell products , accept commissions, pay or receive referral fees, or earn affiliate income.

We sincerely believe that financial planning – done well – can benefit everyone, and are actively invested in mentoring and developing new financial planners.

We’ve been running a practice management peer-mentoring group since early 2016…it’s how we met, in fact!

  • Comprehensive Financial Planning
  • Retirement Income Planning
  • Cross-Border Planning
  • Family/Private Business Planning
  • Portfolio and Cash Flow Audits

Our Process

What We’re Writing

Book Review: Daring Greatly by Brené Brown

Daring Greatly by Brené Brown is one of those few books that I want to keep multiple copies of, so I can press it into people’s hands and say, “Just read it, trust me.” Brown, if you’ve never heard of her, is a research professor who studies vulnerability,...

See, Now This Just Makes Me Angry

"If you were to assume that many experts use their information to your detriment, you'd be right. Experts depend on the fact that you don't have the information they do. Or that you are so befuddled by the complexity of their operation that you wouldn't know what to...

Salesman or Advisor?

The point of this post: If your financial advisor is paid a commission based on what products they sell to you, instead of a straight fee for their advice, that advice is compromised by self-interest. What if I told you that your otherwise competent and experienced...

Is my pension… a pension?

“I have a pension through my employer,” says Tim*, in a recent call. “But I don’t understand it.” If you’re like Tim, you’re not alone. In Canada, we have many different potential sources for retirement income, with all kinds of different names. Pensions can be...

October’s Great Reads

Just in time to cozy up in a comfy chair with whatever scalding hot drink you prefer, I present to you a few reads that got me thinking this month. They are loosely grouped around themes of cash flow and money management (like this pair on creating a financial routine...

What happens if I don’t have a will?

Very few people get excited about estate planning, except for financial planners, and we’re admittedly strange folks. Talking about and planning for the moment of your death is not only dark and creepy but also kind of boring - unless you’re the type who gets super...

Yearly Maximum Pensionable Earnings Limits Increase in 2016

The YMPE Increases on January 1, 2016. What does that mean to you? Click here to find out.

February 2019 Update

  Happy Lunar New Year! If you’re a regular reader, you already know that some of the team got together at the end of January to retreat and discuss what we did in 2018 and what we’re hoping to do in 2019. Our annual executive retreat, facilitated by the fabulous...

September 2019 Update

Phew! What is with September? All that back to school/back to work/questioning where time even went after much lounging (we hope!) throughout the brief but spectacular Canadian summer can be A LOT. Thankfully, your team at Spring Plans is here to help you wade through...

2019 Federal Budget Summary

Every spring, the Federal Government comes out with their budget for the year - all the ways they’ll be putting our tax dollars to use and running this national operation. They often have a news release in fall that telegraphs some of the things they’re thinking about...

Important Changes to the Principal Residence Exemption

On October 3, 2016, Finance Minister Morneau announced new measures to address the housing market, with the intention of improving fairness and integrity of the tax system as it relates to the principal residence exemption. The changes include new reporting requirements, modifications to the calculation of the tax-free amount for individuals based on a residency requirements, and an extension to the period in which a reassessment may occur.

February’s Great Reads

Your portfolio is probably down right now, and I don’t want to minimize the worry some of you are feeling, especially those of you who are about to start, or are already relying on withdrawals from your investments for income. It’s no fun, but it’s also not something...

Book Review: Mindset: The New Psychology by Carol S. Dwek

Mindset: The New Psychology of Success is the outcome of decades of research by Stanford University psychologist, Carol S. Dwek. Her findings produced the idea of fixed mindsets and growth mindsets. Dwek describes the Fixed Mindset as belonging to those who believe...

Family Values: How to Pay For a Large Family

Jim Hunt and his wife always knew they wanted to have a large family — his wife is one of five brothers and sisters, and today they have five children themselves, ranging in age from four to 10 years old. In retrospect he and his wife — a lawyer and a...

Fill in the Blank (Part One): I Don’t Want to Spend Money On…

At first glance, it sounds like an incredibly stupid exercise, I grant you. Um, I don't want to spend money on insurance, on my mortgage payment, on those never-ending, teeny-tiny little school activity requests that dribble home every other day, on fixing my car...

Introducing: Kathryn Mandelcorn

We are thrilled to announce the addition of Kathryn Mandelcorn to our planning team!

June 2018 Update

SUMMER!!! Despite the fact that our name is Spring, we have a strong affinity for summer. It’s what we often spend the spring season planning for - and now you can see just one of the reasons why the name resonates: we’re all about creating plans that work. Even the...

The Screaming Ninjas Are Coming

The point: Learning to live within your means is discipline you have to practice. Financial catastrophe always strikes, and having the necessary skills already mastered will mean the difference between dealing with it and moving on or being overwhelmed and giving up....

Violating the Foundational Tenets of Personal Finance for Fun and Profit

The point: There's no universal equation into which you can plug your details and receive a perfectly optimized solution to all your personal finance questions.     I still pay bank fees. (Hear that? That's the sound of ten thousand personal finance bloggers...

Life Insurance as an Investment

We get asked about this every once in a while. Life Insurance and its salespeople get a bad rap. Some of it is incredibly well-deserved, and some of it is just not. Here’s a breakdown of some life insurance basics that you should understand.

Cooking At Home To Save Money Will Still Cost You

If you want to get your spending on food or any other category to line up with your income and goals, you’ll have to spend one of your other resources – your time, your capacity, even your social capital – until it doesn’t feel like a sacrifice anymore.

Income Splitting with Spousal Loans

Ah, tax strategies. Eyed with hopeful suspicion by the uninitiated, a tax strategy can feel like a fun Spy Vs. Spy game - but that other spy? That’s the government. Many a newly minted spy would consider backing away from anything that might have you facing that...

Book Review: The Value of Simple by John Robertson

By day, John Robertson is a science communicator. If that sounds like the opening panel of a comic book to you, you’re not wrong. John’s got a superpower, and it’s his unique ability to take big, complex, sometimes messy ideas and make them simple. Here’s the...

Budgets, Cash Flow Plans, and Spending. Yawn.

(This article is reposted with the permission of the author. It was originally published here.) I know, I know. Budgets just sound like Remedial Personal Finance, don’t they? Everyone knows you’re supposed to budget, so what’s the point of another 800 words or so on...

July 2019 Update

We love, love, love summer. It might seem odd, given that our name is “Spring,” but there is a method to the madness. See, we love summer so much that we spend a lot of time planning for it, to get it right and to maximize our enjoyment. It is the same approach we...

July’s Great Reads

I don’t know about you, but the solid build up of backward progress (on what feels like all fronts) has left me feeling a little indifferent to reading personal finance stuff, as if nothing’s wrong with the world and all we need to worry about is our net worth or...

Distressingly Common Investment Advice

I was recently part of a presentation for financial advisors, put on by someone whose work I respect (and who I imagine probably would not have said this if he had had more time to think about it). Just before the end, this came out of his mouth: Words I just heard!...

If You’ve Ever Tried and Failed at Budgeting

If you've ever tried and failed at budgeting, or if you've never tried at all because it sounds so hard and boring, this post is for you. Those of you with a budgeting system that works and that you possibly even love and want to have babies with are excused for the...

On Hiring a Financial Planner

The folks at Mint.com interviewed me a few weeks ago about working with a financial planner, getting started on a financial makeover, and advice for beginners on investing.  When enlisting help to manage your money, what should you look for in a planner? You should...

RRSPs: Hunting Season

The point: buying an RRSP sometime between January and March doesn't mean you have a retirement plan. Go into any bank between January 2nd and February 28th and you will be haunted by the specter of an underfunded retirement. You will be offered "retirement planning",...

Life is a Highway: Sequence of Returns and You

The particular sequence of market returns that you’ll enjoy throughout your lifetime starts when you’re born, ends when you die, is entirely outside of your control, and, if you’re not careful, will heavily influence when you start investing, how you’ll do it, and your outlook on life when you turn those investments into income.

Paying Your Taxes With Plastiq is a Bad Idea.

The point of this post: don't pay your taxes with your credit card. Ever. The big news today (for money nerds who read every scrap of money-related news, that is) is that through the online payment system Plastiq, you can put your income tax payment on your credit...

New Love: A Retirement Dream – or Nightmare?

You’ve found true love in your 60s.  It might be a dream come true, but there’s far more to consider than just companionship. BBC Capital interviewed Julia Chung from Spring Financial Planning for her tips on starting successfully.

Design Thinking: Charitable Giving

Autumn is a great time to think about charitable giving. As you are someone who plans ahead (or really, really wants to), getting these thoughts in place before the insanity of the holiday season truly hits your life and your pocketbook can help you focus on what’s...

Design Thinking: Taxes

Yum... taxes. As Canadians, we may have love-hate relationships with taxes. Or, like many of our cousins to the south, just flat-out hate-hate relationships. Regardless of how we might feel about taxes, they’re a part of our lives. We can choose to ignore them, we can...

Business Model, Schmizness Model

The point: Financial advisors who are compensated based on how much money you have invested with them have less time for the equally complex needs of less affluent clients. You know the old saw "you have to have money to make money"? Apparently you also have to have...

October 2019 Update

Well, that’s it. We are truly in the thick of it now.  It’s holiday season. If you’re here with us in Canada, you’ve just packed away your Thanksgiving dishes, cast your vote in the federal election, and may have already started carving pumpkins for Halloween. If...

The Biggest Mistake New Entrepreneurs (Almost Always) Make

The point: have a plan for the money you earn within your business, and be ruthless about it. Otherwise, you'll only succeed through sheer luck. A short meditation, today. Losing power for forty-one hours during the busiest week I've had in my practice has set me back...

Kickin’ Chickens

Whether you’re gathering eggs, building a reputation, gathering customers, or just making enough money to pay the bills, you can choose to kick chickens like everyone else, or you can stop and think of a better way.

Is Private School Worth The Cost?

Sending your children to private school can mean making some big sacrifices.

 

You Don’t Have to be Normal

“If you are always trying to be normal, you will never know how amazing you can be.” ~ Maya Angelou We get pretty excited working with each unique individual, family, and business we encounter - and a lot of that is because you’re unique. We’ve never hoped to provide...

November’s Great Reads

I noticed when I was reviewing the articles I’d marked for sharing with you lovely people that there’s a pretty heavy behavioural finance theme in this month’s reading list, so if you’re a fan of behavioural finance theory, you’re in for a treat. If you’re not a...

Now What?

Hi Sandi I know you are often looking for article ideas and I'm wondering if you would feel in the mood to write something to motivate folks who are doing okay, have a plan, no debt,....but need to avoid the temptation to go into debt (aka buy a cottage). It's nice...

Values

At the end of January, a few members of our team got together in Port Moody, BC (thanks for the hospitality, Kathryn!) and spent several days working with Pam Schmidt, our facilitator, to really dig into our Mission, Vision, Values, and Purpose. Since we live in an...

Women & Money

In honour of International Women’s Day, Julia Chung of JYC Financial collaborated with Sandi Martin of Spring Personal Finance and Krysten Merriman of Modern Advisor to create a free e-book for women (with tips men can use too!).

Not A Litre Of Milk: Evaluating The Utility Of Management Expense Ratios, Part One

The point: When you buy mutual funds from the bank, or an advisor, or through your employee plan, how do you know if you're getting what you're paying for? I'm not a fortune teller, but I can probably guess what mutual funds you hold in your RRSPs. You have at least...

How Much Do Mutual Funds Cost, and Relative to What? Part Two

The point: management expense ratios do a poor job of communicating the price you're paying for a mutual fund and the value you're getting in return. This is the second of a two-part rant, and you can find the first part here. If you walked into the grocery store...

Book Review: The Age of Surveillance Capitalism by Shoshana Zuboff

You know the nagging feeling that something - even a lot of somethings - are wrong, but the language to express what that something is and why it’s wrong eludes you? Enter Shoshana Zuboff and The Age of Surveillance Capitalism.  Here’s an example: loyalty rewards....

November 2018 Update

It’s the home stretch, friends. Even though we all know calendar years are arbitrary, that humans celebrate the new year at different times, and that your personal and financial growth can’t possibly be measured in tidy 365 day increments, the end of one year and...
Working with Sandi was everything I hoped for. I felt like you got to know me well and very quickly. I feel like your recommendations reflected my current reality as well as my personality. That is, you didn’t recommend things that I would never commit to.

After going through this process, I feel like I have a much better understanding of my financial picture. I so wish that I would have done this years ago!! H. Bellerose

Having an impartial 3rd-party review our entire financial situation is one of the best business decisions my wife and I have made. We consider Julia our personal CFO and have incorporated her services into all aspects of our financial lives.

There’s no pressure to purchase any investment or insurance through her or any associate she has introduced us to; but rather an assessment and guidance on plans we have for the future. C. Dewar

Well, it’s been a year since we came to see you last and enacted our plan and we are writing to tell you that we are DEBT FREE on November 1ST ON SCHEDULE!!!

Coming to see you, using your services, was the best decision we ever made as a couple. We can’t thank you enough. We couldn’t have done any of it without you. Thanks, Kathryn.

 

K. & J. Shorrocks

Don't Be Shy

Tell us a little bit about yourself, and schedule a free inquiry call so we can get to know each other.