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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, Financial Planner

Areas of Specialty: Retirement Income Planning, Family Goal Planning
Kathryn Mandelcorn, FMA

Kathryn Mandelcorn, FMA

Director, Cash Flow Strategies

Areas of Specialty: Money Coaching, Cash Flow Planning

Karen Richardson, FPSC Level 1®

Karen Richardson, FPSC Level 1®

Cash Flow & Associate Financial Planner

Areas of Specialty:
Cash Flow Planning, Retirement Planning

 

 

 
 

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

Is Private School Worth The Cost?

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

 

Book Review: The Power of Habit by Charles Duhigg

The Power of Habit and its follow-up, Smarter, Faster, Better, by Charles Duhigg were some of the bright shining spots in my nonfiction reading over the past year. You never know what you’re getting into with any kind of reading, but at least with fiction, you know...

September 2018 Update

Now that summer is officially over (boo! hisss!) it’s time for one of our all-time favourite activities at Spring: using what we’ve learned about ourselves to make life better - for ourselves, our families, our team, and our clients. (We swear we’re fun at...

August’s Great Reads

Was “balance” a word created just to trigger your anxiety? Do those stock market numbers people go on about actually mean anything? How do former inmates pay the bills once they’re on the outside?  If any of these questions have floated through your mind this summer...

Preparing for Retirement: Start Here

When you think of retirement and everything you need to do to prepare for it, I suspect you might think that some of your success hinges on getting the answers to these questions right: When should I apply for Canada Pension Plan benefits to get the most out of them?...

A Week in the Life of Kathryn

Monday, May 7th 6:00am I wake up without an alarm (I have been an alarm rebel for 6 years since leaving the investment industry when I had to wake up at 4:45am every day) and today was an hour earlier than usual. Thank goodness, as I have numerous emails to respond...

I Feel For You, But Busy Isn’t an Excuse to Ignore Your Money

The point of this post: being busy doesn't excuse you from having to pay attention to your money. You know that feeling you get when your to do list is so long that you have to turn pages to see it all? When you're overwhelmed by the sheer volume of work that your...

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.

July 2018 Update

Have you ever experienced a period of time where anything that could go sideways did? Did it feel like nothing you planned to do turned out the way you thought it should? Did it feel like you were too busy to catch a breath, never mind catch up on the vitally...

December’s Great Reads

Well, that’s nearly it, folks. 2018 is marching away, into the darkness, tucked into boots and wrapped into a warm parka, heading towards the shining beacon that is 2019. We are imagining you up to your chin in blankets, with a warm beverage by your side, cozying...

September’s Great Reads

In my world, September is a BIG month. Summer effectively ends on Labour Day, the kids are at school, and it’s time for a hard reset (what I privately think of as a second New Year) to prepare myself for the whirlwind of the last three months of the year. In your...

What I Want For You In 2015

My hope for you this year is that – no matter what your circumstances – you take the time to get really, really clear about what those circumstances actually are, and plan to repeat the process when they change.

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.

Christmas, Stuff, and Money

The point: frugality isn't a virtue, especially when you're hitting your family over the head with it. Repetitious, I know. Are you upset by the amount of stuff that your family is going to give your kids this Christmas and resent them for their materialistic, showy...

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...

June’s Great Reads

There are a lot of reasons for people to feel a bit wary when it comes to the wide, wide world of personal finance. Whether it’s the quality of advice you receive, the level of precision required for RESP contribution strategies, or what you’re supposed to do...

November’s Great Reads

Halloween has passed us by, but there are still some slightly daunting things to contemplate throughout the month of November, including talking to your parents about money, what really happens when interest rates rise, and how disclosure isn’t necessarily the...

Those February Markets

In December and January, we talked quite a bit about the perils of uncertainty and how to deal with them. Then - BAM - the February market came and showed us just what uncertainty looks like. So basically, our publishing schedule is a month or two ahead¹. What Do We...

High Value Banking: How Much is the Royal Treatment Worth to You?

This article originally appeared at Boomer & Echo Imagine this scenario: you’ve gone into the bank to see about setting up a home equity line of credit, or buying a cottage, or increasing your regular RRSP contributions. You’ve sat down in the banker’s...

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...

Book Review: We Need to Talk by Celeste Headlee

Any book that promises to help me get better at something important, and that the work will be hard and take time (possibly even a lifetime), is a book for me. I stumbled across We Need to Talk by Celeste Headlee while I was browsing through my library’s e-book...

Design Thinking: Business & Money

Got a business? Self-employed? Looking at a side hustle? Your money just got a whole heck of a lot more complicated. But, not to worry, your friendly neighbourhood financial planners are here to help.  In the months and years ahead as you grow your empire, your...

So You Want to Have a Baby in 5 Years?

Before we jump in to helping you prepare your finances for parenthood, we want you to know one truth: you can be a phenomenal parent without being good at money. We didn’t put together this set of tips on how to prepare for a new baby just to add one more item to...

April 2018 Update

Have you ever felt like everyone is working with the same set of information that you are - and therefore, sharing it would not be valuable? It’s a cognitive bias called “false-consensus,” which leads people to believe that their own values and ideas are “normal”...

The RDSP: 10 Years in 2019

In December 2008, the federal government implemented the Registered Disability Savings Plan (RDSP), a tax-deferred savings vehicle designed specifically to help people with disabilities, and their families, plan for long-term financial security. An RDSP allows people...

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.

10 Signs You’re Not Ready to Retire

Have you been retirement planning, but now you’re not sure if you’re ready to retire? The Motley Fool notes 10 signs you’re not ready, and Julia Chung of Spring Financial Planning weighs in on #6 and #8.

August’s Great Reads

I love my reading list this month, I really do. I know I say that almost every month, but guys: there’s some real gold in here for everyone, whether you’re spending the month of August toiling away at work like you do every month, relaxing in a canoe or on a...

Wealthing Like Rabbits: Book Review

Note: this is not a sponsored post, but I did receive a free copy of the book. There’s no shortage of personal finance books out there, and so many of them are nearly indistinguishable from the rest. Which make sense: the rules mostly stay the same, with occasional...

February 11th: Living & Investing In the Trudeau Era

Join us for a free evening of cocktails, dinner, and insight on February 11th. RSVP today! tycuda@3macs.com 

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...

One Simple Test For Your Financial Advisor

This article originally appeared at Boomer & Echo I doubt very much you’re asking your financial advisor enough questions, and are worse off because of it. I think I’ve got a handle on why – let me see if any of this rings a bell: You don’t have enough time:...

What I want for you in 2018

For 2018, I want you to have time. Sweet, precious, time. And understand me: I don’t want you to have more time, or productive time, or fulfilling time - all good things, don’t get me wrong, but not the kind of time I so desperately want for you. No, the kind of...

The Hierarchy of Financial Needs

In the world of financial planning, there are different kinds of planning, with different areas of focus and levels of complexity. At Spring, we divide that complexity up into Cash Flow, Comprehensive, and Advanced planning. But here’s a secret: It always comes...

January’s Great Reads

The New Year is always a really exciting, invigorating time for me. I’m that annoying chippy chipmunk who runs her annual spending summary on December 31st and who starts work on January 2nd with a really long list of the organizing she got done over the holidays...

Rainbows and Unicorns: What lenders really mean when they say “affordable”)

The point of this post: it's your job as the borrower to figure out if you can actually afford the mortgage the bank says you can. When you think about how much money you make, do you use made up numbers or real ones? If you think that's a strange question, then...

Where to Start Saving First

The following article is an excerpt from our ebook “Women & Money”. You’ll note some gender-specific language here, but don’t let that deter you. Our advice is the same regardless of the chromosomes you carry. You can download the entire book for free here....

Book Review: Shannon Lee Simmons

Worry Free Money: The Guilt-Free Approach to Managing Your Money and Your Life by Shannon Lee Simmons isn’t making empty promises in the title. There’s literally no guilt in it. None. The revolutionary thing about Worry Free Money is that it doesn’t start with...

What I Want For You In 2016

Last year, what I wanted most for you was clarity, remember? How would your life be better if you were absolutely clear about what you want your life to look like, the resources you have or will have at your disposal, and the obstacles that you’ll have to get over,...

Incoming: Avoiding The Useless Retirement Plan, Part Three

The point: Retirement planning using general assumptions about your future income is just retirement guessing. And - surprise - it's useless. Seriously? Three posts into a retirement series and we haven't even answered the question "how much do I need to retire?" To...

Numbers, Numbers, Numbers: Avoiding the Useless Retirement Plan, Step Two

The point: You can't plan where you're going until you know where you want to go and where you're starting from. Do you know what you want out of life? If that sounds like a surprisingly navel-focused question coming from a financial planner, it's only because - dare...

I’m 22…do I need a financial planner?

Hi Sandi, I am a 22-year-old and just starting my career. Do I need a financial planner and is talking to a financial advisor at the bank the same thing as talking to a financial planner?  Thank you, Denise -- Hi Denise, You know, you have an enormous opportunity...

April’s Great Reads

I have a short reading list for you this month, since most of us are either rushing to file our taxes or rushing to get outside after a long, cold winter. Notable articles that didn’t quite make the top three include this one from Andray Domise on how - if 40% of...

The Best In Canadian Personal Finance News

The point: There are all sorts of people online that write all sorts of personal finance advice. I read about sixty posts a day, and share some of the best on Twitter, Facebook, and Google Plus. Jackson Middleton and I are collaborating to put the best Canadian...

Your Financial Plan is Not a Slap-Chop

The point: If you financial advisor is giving you a financial plan for "free", what's his incentive for doing it well? These days, we all want to believe that we're savvy consumers. We scoff at TV commercials for products that are worth hundreds of dollars but can be...

Caring for a Forever Child…

“These are things that are going to seriously affect your life and the lives of people after you,” said Julia Chung, a financial and estate planner with Spring Financial Planning. “Spend the money.” You will likely need both a financial planner and a lawyer that specializes in estates, and possibly an accountant to review tax ramifications.

Fun With Retirement Calculators

The point: retirement calculators are only as good as the information you put in them and the underlying assumptions of the calculator itself, and are useful only to model the future, not predict it. The lure of the retirement calculator is that it will tell you your...

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...

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...

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.

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

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