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, PFP®,  QAFP ™

Kathryn Mandelcorn, FMA, PFP®, QAFP ™

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

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...

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.

November 7th – Open House

Join Julia on Saturday November 7th from 10 AM to 12 PM at Steadyhand Funds in Vancouver, where she’ll be answering all your financial planning questions.

The Family Cottage

One of the great joys of summer for many Canadian families is a family cottage, cabin, or camp. No matter what name you may give the place where your clan gets together to enjoy the outdoors and each other, it’s often an important part of who you are, and how your...

March 2020 Update

We hope this newsletter finds you as well as you can possibly be. It’s only been a month since our last regular newsletter, and so much has changed. Things are changing on a daily basis now, and there’s a great deal of uncertainty in the air. At Spring Plans, we have...

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!).

December’s Great Reads

  A shorter list this month, because if you’re not baking and shopping and partying and preparing I want you to be relaxing. But if you’re relaxing already and want something good to read, you might enjoy reading about the beauty of re-gifting, budgeting like a...

Integrated Investing by Bonnie Foley-Wong Book Review

I had the pleasure of sitting in on a talk by Bonnie Foley-Wong of Pique Ventures on the concept of Integrated Investing for a small group of other advice-only planners. I now have a huge crush on her because of her passion for making a difference in the world through...

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.

Announcement: Sandi Martin

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

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...

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...

May’s Great Reads

If you like the idea of rental income, you may like the idea of dividend income – but is it really better than taking capital gains? Dirk Cotton takes you through the economic theory, behaviour, and history of these two strategies. In “Get More From Your Financial...

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...

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.

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 to Get the Best Discount on Your Mortgage

The point of this post: do the work to understand how the mortgage lending system works so you can save the most money. If you want to get the very best interest rate (read: lowest bottom line price) on your mortgage, you need to know how to see yourself the way the...

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.

What We Want for You in 2019

A wish for our readers for the year ahead is becoming a tradition for us. If you’ve been reading the Spring blog for a while, you may remember that past years included wishes for clarity, ownership, structure, and momentum. If you’re new here: welcome—and buckle up....

Introducing Karen Richardson

We are excited to announce that as of February 1, 2019 we have added a new member to our planning team: Karen Richardson, Cash Flow & Associate Financial PlannerKaren joins Spring after 7 years as an independent advice-only financial planner in Kenora, Ontario,...

Your Design Thinking Action Plan

All year long, your Spring Plans team has been using the concept of Design Thinking to contemplate many different aspects of your personal finances.  Why Design Thinking?  The answer has remained the same all year long: because we want you to have permission to design...

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.

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...

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.

Money 201 with Yours Truly and John Robertson

Once you’ve already mastered the basics of paying off debt and saving, what are the next steps to take in your financial life? We’ll walk through long-term planning to provide the context for how to fit the financial pieces of your life together, that takes into account your individual needs and goals, and will help you make sensible investing decisions.

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...

The Secret to a Successful Financial Plan

The daily practices of a life with direction can either be onerous, and chafe so much that you give up or grumble your way through a miserable life, or you can settle into them with an attitude of contentment and get happy on the way to your goals, not just when you eventually reach them.

July’s Great Reads

Summer is, as you know, a great time for reading. We hope you’ve been digging into our Summer Reading List and have found some gems. If you’re looking for some smaller bites, then we’ve got just the platter for you in this month’s top reads. We start with some really...

How Much Is Enough for Your Emergency Fund?

While the basic rule of thumb is to have enough money to cover at least three months of net income, even that may not be enough, says certified financial planner Julia Chung of Spring Financial Planning in B.C.

“Most people severely lowball their expenses; they think they spend way less than they actually do,” Ms. Chung says. “If you spend 100 per cent of your paycheque when it comes in, as many people do, then your expenses equal your net income.

Tender Money Conversations

Tender Money Conversations You may have found, like me, that your ability and desire to read anything except for the back of the cereal box has diminished significantly. That’s okay - the written word will still be ready for you when you’re ready for it.  I happened...

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...

Bankosaurus Rex: Finding a Banker Who Cares

The point of this post: there are bankers out there who actually care more about doing a good job for their clients than for the bank, and they're worth finding...and keeping. Today, we're making friends with bankers. Lets pause here for a minute, so you can catch...

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...

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...

July’s Great Reads

Another monster list for your July reading pleasure. These top three are the ones you shouldn't miss, but the whole list is down there...I'm sure you'll find something interesting on retirement income satisfaction, how to handle a windfall, surviving close encounters...

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...

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?...

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...

What do YOU want?

It sounds like an easy question.

Because Money Podcast: An American in Paris (Ontario)

Julia joined the Because Money podcast to talk cross border planning, TFSAs and play silly money games with other money nerds.

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. Let’s...

Dear Everyone, Mutual Funds Are Boring. Please Go Buy Some.

Mutual funds are profoundly boring, although their ETF cousins have been known to be a little saucy. As an investor, you probably have a vague feeling that by buying mutual funds, you're performing the financial equivalent of buying a pink tract home and driving the...

December 2019 Update

Your Spring Plans newsletter arrives a little earlier than usual this month because we are very hopeful that you have the opportunity to walk away from your email and enjoy some relaxation in the last few weeks of the year. Of course, we know you’ll want a few things...

Design Thinking: Post-Retirement Income

Congratulations! You made it to retirement, and are living off of a combination of personal savings, company pension, and government benefits ...and here’s where most of the retirement income planning resources stop, as if retirement is a finish line instead of a...

An Admittedly Biased Argument in Favour of Banning Embedded Commissions and Instituting a Fiduciary Standard

The point: I stand to benefit if embedded commissions in mutual funds are banned, and if a fiduciary standard for advisors is enacted. I don't think it invalidates my argument, but - unlike some of the voices clamouring against the increased safety for investors - at...

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...

The Power of Confusion

The point of this post: the world of personal finance can be as confusing as a room full of five-year-olds playing soccer, and the financial industry needs to stop pretending that it's not. Yesterday was my oldest daughter's first day of soccer.     It...

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...

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 -...

Book Review: The Soul of Money by Lynne Twist

The Soul of Money by Lynne Twist is not a personal finance book. It’s a book that will have you exploring your values, how you define money and how you use money. Twist’s work stems from 4 decades of experience in fundraising to eradicate world hunger. She has...
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.