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

Frugality Isn’t A Virtue

The point: being frugal just for the sake of being frugal isn't being virtuous. It's being cheap. Let's pretend this is the first time you've been on the internet, and you feel like you need personal finance advice (one of these scenarios is probably easier to imagine...

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.

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...

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 

August 2018 Update

Just before you slam your nose into the grindstone that September often brings - regardless of whether you have kids in school or work full time, it can still be a thing - let’s stop and consider: What is it you want to achieve in the back half of this year? What is...

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.

Sorry, Who Is It That’s Suffering? Advocis Doesn’t Want Embedded Commissions Banned, Because Financial Advisors Will Suffer

Sometimes, someone says something that is so egregiously wrong that it can’t be ignored. Take, for example, this piece, published this afternoon on Advisor.ca, an online magazine for financial advisors in the investment and insurance industries, which elicited this...

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...

Thoughts on Privilege In Financial Advice

Normally on the first or second Tuesday of the month I'm compiling and sending out a Top Three email to subscribers, highlighting the latest collection of thought-provoking, or informative posts on investing, the finance industry, retirement planning, or budgeting...

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...

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 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.

Effective Retirement Planning is About Spending, Not Saving

The point: planning for your retirement isn't just about your investments, although you can be forgiven for thinking it is. It involves exactly the same activities as planning for tomorrow, next week, and next month: active budgeting, debt elimination, robust savings,...

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 to...

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.

June’s Great Reads

I've got a monster reading list for you this month, and I'm still fighting that nagging feeling that there was way more good stuff out there than I managed to catch. If you've got the time, scroll through the entire list down there at the bottom, and catch Preet...

Planning for Retirement: Uncertainty is Certain, so Pick Your Poison

If you're planning for retirement and make the mistake of scrolling through any finance section in a slow news week, you have to ask yourself: what kind of questions are they asking to produce breathless headlines like these? Half of Canadians don't think they'll 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...

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,...

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.

Family Values: How to Pay For a Large Family

Want to have four, five, even six children? Plan ahead and make some smart decisions early to ease the financial burden. Full article on BBC Capital: Family Values: How to Pay For a Large Family...

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...

Introducing: Kathryn Mandelcorn

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

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...

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....

Magic Potions, Snake Oil & Get Rich Quick Schemes

Multi-level marketing, supposedly free seminars, pyramids, ponzis and more – oh my. Lately, it seems my radio, television, and internet feeds are promising more and more straight up cash for less and less effort.

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...

How CPP and Social Security Integrate

If you’ve worked in both the USA and Canada, you have likely contributed to both the USA’s Social Security program and the Canada Pension Plan (CPP). How will CPP benefits impact your Social Security benefits? How will your US residency impact your CPP and...

Why You Don’t Want Your Child to Be a Genius

“Find experts in the fields that your child is interested in,” said Julia Chung of Spring Financial Planning. “Talk to them and ask them for help and support. You’d be surprised how many people are willing to help.”

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!...

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...

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...

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...

Self-Employed & Corporate Income Taxes: Installments, Penalties, and Planning Ahead

Yes, it’s that time of year again. Your accountant, the tax software companies, and that place down the block have all been sending you endless lists of deductions, paperwork, and requests for information. It can feel a little daunting. If you’re self-employed, a...

Money Matters: Take Control

Julia Chung’s article in the Spring 2016 PowHerHouse magazine outlines the basics of goal setting.

BC Real Estate Taxes

Owning residential real estate in British Columbia is expensive, as you well know, and thanks to recent changes on both a provincial and municipal level, it’s also a great deal more complicated. Most of the changes were brought about by BC’s 2018 Budget, but a few of...

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.

Financial Facelifts, Eric and Ilsa, Soundbites, and Showing Your Work

Most of the value in a financial plan (or facelift, or makeover, or what-have-you) is in showing your work, not in the answers themselves. That is, the fact that recommendations are made for you is equally – if not more – important than the fact that recommendations are made at all.

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...

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...

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?...

On Bank Hating Skepticism (Stop Shooting Yourself in the Foot)

The point of this post: treat the people you're dealing with like people to reduce the chances of getting screwed by a faceless institution. Also because it's the right thing to do. I'm going to warn you: all this talk about skepticism is going to sound a bit rich...

Double the Trouble…

Two kids in university at the same time means double the costs. The secret to saving for – and affording – two.

I For One Welcome Our Robot Overlords: The New World of Investment Advice and Asset Management

Before I let you read the rest of this post, I want us to agree on a set of facts: It is extremely rare (but not impossible) for any one investor, investment professional, or investment management company to consistently and reliably outperform the market for any...

Canada Pension Plan Maximums January to December 2016

With few exceptions, Canadians over 18 who work in Canada and earn more than the minimum amount ($3,500) must contribute to the Canada Pension Plan.  Your contributory period starts at  the time you begin work and ends at retirement.

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...

You’re Just Not That Interested In Cars

The point of this post: It makes sense to hire a professional for an essential job you can't make time to do yourself. Do you take your car to a mechanic? You're smart. Presumably you can read. Why are you paying someone else to do work that you could - with a little...

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...

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 to...

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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