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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, COO, 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

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

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.

March 2019 Update

 Budgets, budgets and more budgets. The Federal Budget was released on March 19, and you can find our summary here. Some provinces have already released their annual budgets and more are rolling in. If you’re reading as many finance newsletters as we are, you’ll...

Money Matters: Take Control

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

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...

Book Review: The Laws of Wealth by Dr. Daniel Crosby

  The Laws of Wealth: Psychology and the Secret to Investing Success by Dr. Daniel Crosby isn’t a book that I’d normally pick up off the shelf¹. However, after having deeply respected his work on investor behaviour and following him on Twitter for many years,...

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...

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.”

Dear Big, Enormous Bank With Little Competition, Please Blow My Mind

Hi. You probably don’t remember me. I was one of a series of warm bodies in that cubicle in Newmarket, the office (with a door!) in Huntsville, and the other office (with a window!) in Bracebridge. I mostly didn’t meet my sales targets and never made my cold-call...

Financial Planning: Speak Up for Consumer Protection

This month, you have a chance to speak up on an issue that is close to our hearts, and affects all Canadians: better protection for those seeking financial planning.

Spring’s 2019 Summer Reading List

We love, love, love reading at Spring Plans. Immersing ourselves in data, research, and stories about people is how many of us spend our downtime. We vigorously wave our nerd flags, and each summer build our own individual reading lists to trundle through on our...

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...

Avoiding the Useless Retirement Plan, Step One

The point: A realistic retirement plan doesn't start with a number and work backwards; it starts with the question "why?" Quick, go to the personal finance section of you newspaper or feed reader and count how many articles and posts from last week start with the...

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.

RRSP Basics

Many people feel pretty confused about RRSPs – how they work, and why they’re useful. At the same time, people can feel embarrassed to ask for a full explanation. 

To help you move forward with this useful tool, here is your RRSP Primer!

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.

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...

May 2018 Update

You might not know this, but at Spring, we kiss a lot of frogs. In my neck of the woods, it’s spring peeper season, which means that if you’re near a pond at dusk you’ll hear a chorus of tiny little frogs making some of the most beautiful music on earth. (Have...

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...

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 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...

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 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...

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?...

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...

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

(This article is reposted with the permission of the author. It was originally published here 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...

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.

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...

The Best Discount Brokerage for Small Index Investors, and How Much it’s Going to Cost You

The point: If you're starting out as an index investor, and are going to be regularly contributing in a self-directed brokerage account, the best discount brokerage for you is TD Direct Investing, but not for any of the reasons most reviewers list. *UPDATED* This...

VIDEO SERIES: Carrick Talks Money

I had a chance to meet with Rob Carrick at the Globe and Mail in February and record three Carrick Talks Money segments. Our goal was to demystify financial planning for regular people and to demonstrate that it's not an exclusive exercise for the wealthy. Carrick...

Because Money Episode 14

Despite +Robb Engen's absence from this week's podcast, +Jackson Middleton and I had a great time talking with our guests about why regular Canadians should care about the regulation of financial advice. I've written about the incentives that are holding even the...

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...

Why Budgets Don’t Work (The Real Reason)

Sandi's note: I'm not happy about the introduction to this post anymore. Helaine is right: budgets don't work if there's not enough money go go around and government can do something about it. She's been a pretty vocal advocate for policy change on poverty, and...

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...

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...

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...

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 family financial burden. Full article on BBC Capital: Family Values: How to Pay For a Large Family

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...

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...

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...

A Week in the Life of Julia

This ended up being a week where I didn’t actually work on plans as much - next week, there is a lot of working on plans. This week was…. A lot of the other stuff I do... Monday, August 13 5:00am My alarm goes off and I snooze it a lot. A lot. I was at the Jack...

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.

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...

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...

April 2019 Update

Don’t you just LOVE tax season? No? You’re not alone. Really, Sandi is the only person who loves tax season. It’s one of the many reasons we keep her around. Someone has to like it. In fact, she likes it so much that she’s been volunteering in her community...

The “Invest Better” Calculator

  Our own Sandi Martin collaborated with John Robertson, author of the Value of Simple, to create this useful calculator to help investors make an educated decision when choosing from the variety of low-fee robo-advisors now open in Canada. You can try it out...

Free Money for School: A Guest Post for Renegade Planner

Julia Chung from Spring Financial Planning is excited to provide a guest post for Renegade Planner, a “Startup Concierge” that helps businesses grow and learn.  Jessica Oman, the founder of Renegade Planner, is providing tips and information to her business owner audience on personal finance, something that really does confuse everyone.

Julia’s article “Free Money For School: Yes, Even Entrepreneurs Can Save for Their Children’s Education” provides a clear outline of how to use the RESP (Registered Education Savings Plan) to maximize grants, reduce taxes, and pay for post-secondary school.

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...

Your Financial Advisor Might Be A Nice Person, But… (Because Money, Ep 13)

Last week's CBC Marketplace episode Show Me The Money took an average investor (with a hidden camera and glowing lights in her pants) into BMO, CIBC, RBC, Scotiabank, TD, Dundee Securities, Edward Jones, Investor's Group, Money Concepts, and Primerica shopping for...

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...

A Spender Marries a Saver – Now What?

You’ve heard that money is the cause of many arguments between partners. But can a spender marry a saver and live happily ever after? BBC Capital interviewed Julia Chung of Spring Financial Planning to find out.

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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