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...

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...

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...

What’s Sandi reading?

Sandi Martin reads a lot – and she tells everyone which ones were the best every month.  Starting in January, we will be sending you her reading list directly (if you’ve signed up for our email newsletter).  In the meantime, here’s a sneak peek:

Is Private School Worth The Cost?

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

 

Income Splitting with Spousal Loans

Ah, tax strategies. Eyed with hopeful suspicion by the uninitiated, a tax strategy can feel like a fun Spy Vs. Spy game - but that other spy? That’s the government. Many a newly minted spy would consider backing away from anything that might have you facing that...

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 provide...

Withdrawing from RESPs

You’ve been diligently saving in your children’s (grandchildren’s, nieces’, nephews’, neighbour kids’) RESP accounts for years. You’ve maximized your contributions, you’ve collected those fabulous CESGs, provincial grants, Canada Learning Bonds, and deliciously...

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...

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...

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...

Pension Income Splitting

Yes, you can still split your pension income. The income splitting credit that the new Federal Government vowed to abolish in their 2015 election campaign was the Family Tax Cut. The opportunity for pensioners to split their qualified pension income with their spouses is still alive and well.

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 do YOU want?

It sounds like an easy question.

Learn to Love the NOPE

There’s a mostly fun deluge of events, meals with friends, and parties just over the horizon, and, depending on what holidays you celebrate, what your family is like, and how much pie is involved, you might be looking forward to the end of the year with some...

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...

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...

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...

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...

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.

February’s Great Reads

Your portfolio is probably down right now, and I don’t want to minimize the worry some of you are feeling, especially those of you who are about to start, or are already relying on withdrawals from your investments for income. It’s no fun, but it’s also not something...

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...

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...

2018 Spring Financial Gift Guide

If you’re reading this financial gift guide, presumably you’re interested in helping your friends and family get better at managing their money and making great decisions about their lives. That’s good. When you give gifts like these, there’s a real danger that the...

Money Matters: Take Control

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

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...

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.

Now What?

Hi Sandi I know you are often looking for article ideas and I'm wondering if you would feel in the mood to write something to motivate folks who are doing okay, have a plan, no debt,....but need to avoid the temptation to go into debt (aka buy a cottage). It's nice...

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?...

June 2018 Update

SUMMER!!! Despite the fact that our name is Spring, we have a strong affinity for summer. It’s what we often spend the spring season planning for - and now you can see just one of the reasons why the name resonates: we’re all about creating plans that work. Even the...

Three Great Reads You Might Have Missed

It's great to be back in the reading saddle again, and have I got some outstanding pieces for you! For those of you who are new around these parts, I'm a reader. (My friend Noel asked me the other day if I'd gotten to the last page of the internet yet. I haven't, but...

December 2018 Update

  MERRY HAPPY!!! We hope that by the time you’re reading this, you’re feeling well-prepared for the holidays, however you celebrate them. Regardless of whether you partake of religious, non-denominational, or just no activities throughout this season, we hope you...

OPTIMIZE!

Financial planning is misnamed. It really should be called Figuring Out How Much What You Want Out Of Life Will Cost And How to Pay For It By Finding The Happy Medium Between Doing What You Have To Do And Doing What You Want To Do. I imagine this will never take on....

New Love: A Retirement Dream – or Nightmare?

You’ve found true love in your 60s.  It might be a dream come true, but there’s far more to consider than just companionship. BBC Capital interviewed Julia Chung from Spring Financial Planning for her tips on starting successfully.

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!).

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...

Go Ahead, Spend Your Tax Refund

Ah, spring. The time of year when flowers bloom, birds sing, and the entire internet starts yelling at you for getting a tax refund or - even worse - getting a tax refund and then spending it.The horror.The conventional wisdom goes something like this: You shouldn't...

Spring’s Summer Reading List

We’re readers at Spring. There’s nothing we like better in the summer than pairing up a good book, the great outdoors, and a cool drink. And let us be clear: we don’t sit around reading about money all day. That way lies madness (believe us). We want to read All The...

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.

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...

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.

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...

The Coming Housing Crash, And What You Can Do About It

The point: there are two things you can do if there's going to be a housing market crash, and worrying isn't one of them. You're here, so I'm going to take a long shot and guess that you read about money online, unless you're here for the outstanding graphics, in...

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...

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...

Julia Chung Live at PowHerTalks: 4 Fears to Conquer

Julia’s PowHerTalk in November was “Start Ups: 4 Fears to Get Over”.  Julia will be the Host and MC for the upcoming Vancouver PowHerTalks on January 30th. Register here

Salesman or Advisor?

The point of this post: If your financial advisor is paid a commission based on what products they sell to you, instead of a straight fee for their advice, that advice is compromised by self-interest. What if I told you that your otherwise competent and experienced...

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...

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...

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.

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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