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

Karen Richardson, FPSC Level 1®

Karen Richardson, FPSC Level 1®

Cash Flow & Associate Financial Planner

Areas of Specialty:
Cash Flow Planning, Retirement 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

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...

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,...

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...

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.

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...

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’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:

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...

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 a...

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 tax...

February’s Great Reads

Winter weather often brings blankets, fireplaces, and hot drinks. While you’re thawing your toes, you may feel inclined to dream a little, and Sandi has the reads for you to do just that. Dreams about retirement, and who you might be when you stop working, are right...

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...

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...

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 have...

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...

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.

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...

Planning for Summer… Within Reason

Summer is pretty exciting for most of us here in Canada. No matter which province or territory you live in, the season is often short and spectacular. We save so many things for summer, from barbecues and weddings to vacation days and that book we always wanted to...

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.

Capital Dividend Account: Changes to Note

The March 22, 2016 federal budget has resulted in significant changes to the credit to the capital dividend account arising upon the receipt of life insurance proceeds. While these proposals are not yet final, it is expected they will be enacted before the end of 2016 with certain retroactive effect.

Book Review: 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...

Is Private School Worth The Cost?

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

 

Profiting from Real Estate

Planning on earning a fortune in the real estate market? Read this first. 

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...

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...

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.

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...

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...

November 2018 Update

It’s the home stretch, friends. Even though we all know calendar years are arbitrary, that humans celebrate the new year at different times, and that your personal and financial growth can’t possibly be measured in tidy 365 day increments, the end of one year and...

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...

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.

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...

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: 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...

HST and Small Business: Onus is a Dirty Word

The point: Trusting the government to tell you what you need to give them and when is like asking your three-year-old to make supper: remarkably inefficient. This post ends with an appeal to write your MP begging for a change in the way small businesses are notified...

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...

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...

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...

What to do when your parents haven’t planned

Your parents have been adults for as long as you can remember. They always had things in hand. They paid the bills, put a roof over your head, bothered you about cleaning up your room and doing your homework, and cried at your graduation/childbirth/other meaningful...

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...

Violating the Foundational Tenets of Personal Finance for Fun and Profit

The point: There's no universal equation into which you can plug your details and receive a perfectly optimized solution to all your personal finance questions.     I still pay bank fees. (Hear that? That's the sound of ten thousand personal finance bloggers...

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...

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...

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 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"...

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.

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....

Take Their Business… Please

“We’ll be there between 10 and 2 on Tuesday.”

This is not a utility company, which generally has customers at their mercy due to a bureaucratic structure that has legislated monopolies. This is a furniture company – a “high end” one at that. A private business that, just like any other business, needs its customers.

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

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...
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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