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

 

 
 
 
 

Connect with the team on social media

What We Do at Spring

We believe that you need the tools to create financial success on your own terms…whatever they may be. Although our process is the same with every client, the outcomes are always delightfully different, and as unique as the people we have the privilege to work with every day.

Your values are the driving force behind any recommendations we make.

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

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...

Julia Chung at PowHerTalks Victoria June 18th

We’re proud to announce that Julia Chung has been selected to speak at the upcoming PowHerTalks Victoria on June 18th! We invite you to join us at this powerful event.

Cynicism, The Canadian Pension Plan, And You

The point: scoff if you like, but we have a public pension system in Canada that will likely make up a good portion of your retirement income, and its existence should be factored into your plans. I hear it all the time - in banking, in financial planning, and now...

When You Can’t Afford Your House, Do this

If you’re in a cash flow bind, you don’t want to wait too long before you take action. But you should take some time to calculate the size of the problem. “A lot of times people don’t really look at their expenses,” said Julia Chung, a financial and estate planner with Spring Financial Planning in British Columbia in Canada. “They have a hard time managing the numbers.”

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...

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 down...

Price Shock: The Sting of Moving Abroad

Imagine being asked to do your job in an exotic city in a far flung country… Julia gives BBC Capital her planning tips.

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.

Valuation – How Much is Your Company Worth?

Ever wondered how to do a company valuation? Mary Gamble, Chartered Business Valuator at iValue Solutions, provides answers to common questions she receives from business owners.

Practice News: Collaboration with JYC Financial

It's the best time of the year! Summer in Muskoka with three young kids means lots of late afternoons at the beach, so if you happen to be in Gravenhurst on a sunny day right before dinner...you'll know where to find me.Typically, the summer months are when I try to...

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...

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...

Another List: The Best Personal Finance Posts This Week

The point: Last week, I started adding the best Canadian personal finance posts I read to a weekly list. Great idea, since whether I share something to Google+, Facebook, or Twitter is largely dependent on where I happen to be sitting at the time, and adding posts to...

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...

Corporate Control: When Are Corporations Associated?

Associated corporations share the SBD, which provides access to a low tax rate on the first $500,000 of operating income.  Obviously, this could be a concern to small business owners.

Why Budgets Don’t Work (The Real Reason)

Helaine Olen, author of Pound Foolish: The Dark Side of Personal Finance, says in an article for Slate that budgets don't work because hardly anyone's income is predictable and somehow the government is to blame. That budgets- in fact - "offer the illusion, not the...

June’s Great Reads

Finally, summer is here! While I heartily encourage you to spend every possible minute outside (as I write this indoors because I’m tired of wiping pollen off my laptop screen), you may find yourself wishing for some great reads, and boy do I have some for you. If you...

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.

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,...

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....

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!...

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...

The Three Certainties

  At the end of the year, things get undeniably gloomy - particularly on the southern west coast, where we like to brag about our summers and lack of snow, brushing aside any mention of the solid six to eight months of grey skies and relentless rain that can only come...

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...

UPDATED: Canadian Investment Fee Calculator

NOTE: The calculator has outgrown its old Google sheet and is now at autoinvest.ca. As of 2017, Sandi no longer manages the site, and the new managers have chosen to set up referral fee arrangements with some providers Welcome to the investment fee calculator, built...

Women & Money ebook

On March 8, 2016, we released the Women & Money ebook in honour of International Women’s Day. It’s still relevant, and still free.

Announcement: Sandi Martin

Announcement! A new collaboration with Sandi Martin of Spring Personal Finance…

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...

How Your Advisor’s Bad Investing Behaviour Costs You

The point: Yes, your own bad investing behaviour costs you, but your advisor's bad investing behaviour has the potential to cost you a lot more. First off: I'm not a portfolio manager or an investment advisor (or adviser, for what it's worth). I was a registered...

What I Want for You in 2017

What I dearly want for you this year is structure. (Just what you'd expect from an introverted money nerd who once answered "spreadsheets" when asked to name one thing that made her happy to her son's kindergarten circle, am I right?) Listen, when you hear "structure"...

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...

In the Trenches: Living With Your Financial Plan and Avoiding Budget Fatigue

The point of this post: living on a budget is (most of the time) tedious and hard. Reward yourself and remember why you're doing it to make it seem less so. If you are in the first, exciting stages of setting up your financial plan, organizing your money, and living...

Why Your Rate of Return Matters (and what to do – and not do – with it)

I sent my kids to school on the day after Labour Day with a feeling that it hadn’t been a great summer. We hadn’t gone swimming or canoeing enough. I worked too much. Woe, etc. This isn’t a new feeling. Friends will testify that I become a mopey sad-sack in the last...

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.

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...

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...

The Budgeting Resource Everyone Has (And Nobody Uses)

Does this sound familiar? You've read a book or a blog series or watched a show about budgeting and getting your money under control. You're all fired up, ready to really get it together, and get to work on that budget. The first few lines are easy: Monthly net...

October’s Great Reads

A real short list this month since we’re all still figuring out how this back to school stuff works (are those of you with kids surprised every year? I’m surprised Every. Single. Year.). You have to check out the top three, but if you have time for more there’s a...

RESP Rules & Tips with Sandi Martin & Julia Chung

Summer is the best time to learn about saving for post-secondary education. Julia Chung and Sandi Martin chatted with Modern Advisor on July 21st. Click here for the recording.

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...

March’s Great Reads

It’s that time of year - at least in the middle of Ontario - where it starts to feel like winter’s this close to ending...and then it snows again. Seriously, the only thing keeping me alive right now is that this late winter garbage weather makes great maple syrup....

What I’ve Been Reading While I Haven’t Been Writing

The point: It's been a busy week here at Spring Personal Finance, and client commitments trump writing commitments. I've always got a few minutes to read, though, and the best in Canadian personal finance news every week to an open list I share with +Jackson...

Success = Joy + Freedom

Have you ever set goals and just felt kind of… “meh”? Julia’s latest article for Niche Magazine gets to the heart of why that happens, and how you can change it.

Quick Update: Retirement Income Interview

In case you've been missing Because Money (on hiatus as we plan for Season Three), I just did an interview with Kornel Szrejber on retirement income planning, and we managed to squeeze a few laughs out of what is traditionally a less-than-hilarious topic. Some of the...

How (Not) to Consolidate Debt

The point: it doesn't matter what method you use to pay off debt, or if you use any method at all. What matters is that you stop creating new debt. It's out there: the mathematically precise, strictly rational formula for paying off your three credit cards, small car...

A Week in the Life of Sandi

Monday, March 26 5:00AM My alarm goes off, and I head downstairs for the best part of the day (the quiet part with hot coffee and no random Marvel movie questions because my son -- and everyone else -- is still asleep). I don’t often get up this early anymore, but I...

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” and...

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.

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 beach...

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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