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

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...

Introducing Darryl Brown

We are so excited to announce - as you may have seen already on our home page and in our social media channels - that we have another great expert on our team at Spring Plans. Please join us in welcoming: Darryl Brown, Director of Portfolio Strategies Darryl is a...

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...

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.

What We Want for You in 2020

Have you ever heard someone say, “yeah, well - as soon as you get the financial plan, it’s out of date, so why bother?” We have. More times than we can count (although, interestingly, we hear it from other financial professionals more often than from clients). It’s...

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...

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...

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.

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!...

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...

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...

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...

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?...

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...

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...

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....

Subscription-based financial advice begins to take hold in Canada

Some financial advisors are adopting a new, innovative subscription-based model for Canadians to pay for financial advice that could be especially attractive to middle-class and young, professional investors. The new model sees investors pay a regular monthly or...

January’s Top Three Reads

If you - like someone else on the Spring team :coughSandicough: - recently welcomed a dog into your home and are now suddenly A Person Who Has Time for Podcasts, our reading list this month has a beautiful series about Fred Rogers that’s perfect to start the new...

Book Review: Wealthing Like Rabbits by Robert R. Brown

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...

May 2020 Update

The Spring team kicks off each calendar year with a post we call What We Want for You in… *current year.* For 2020, we wanted you to have practical examples of design thinking - the implementation of last year’s theme - so that you have some of the tools you need to...

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...

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...

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...

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...

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.

September’s Great Reads

Are you worried about your parents’ finances? Your own data privacy? Dating someone in a higher income bracket? This month’s top three might not have everything you need to alleviate your stress through the busy month of September, but they will provide you with some...

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...

Another List: The Best Personal Finance Posts This Week

The point: Last week, I started adding the best Canadian personal finance posts I read to a weekly list. Great idea, since whether I share something to Google+, Facebook, or Twitter is largely dependent on where I happen to be sitting at the time, and adding posts to...

Important Changes to the Principal Residence Exemption

On October 3, 2016, Finance Minister Morneau announced new measures to address the housing market, with the intention of improving fairness and integrity of the tax system as it relates to the principal residence exemption. The changes include new reporting requirements, modifications to the calculation of the tax-free amount for individuals based on a residency requirements, and an extension to the period in which a reassessment may occur.

Budgets, Cash Flow Plans, and Spending. Yawn.

(This article is reposted with the permission of the author. It was originally published here.) I know, I know. Budgets just sound like Remedial Personal Finance, don’t they? Everyone knows you’re supposed to budget, so what’s the point of another 800 words or so on...

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 can...

August 2020 Update

In Canada, we often think that summer is over when August is over. However, we like to remind ourselves (and anyone else who might listen) that the summer season in the Northern Hemisphere is absolutely not over until Tuesday, September 22nd. That’s right: the summer...

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...

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...

December’s Great Reads

Well, that’s nearly it, folks. 2018 is marching away, into the darkness, tucked into boots and wrapped into a warm parka, heading towards the shining beacon that is 2019. We are imagining you up to your chin in blankets, with a warm beverage by your side, cozying up...

Design Thinking: Retirement

There is a truth about retirement that I want you to understand: You don’t have to know precisely what you want to plan for the day when you stop working. Sure, it helps financial planners if you can say that you want to retire in the summer of 2021, stay in your home...

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...

Is Private School Worth The Cost?

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

 

Incoming: Avoiding The Useless Retirement Plan, Part Three

The point: Retirement planning using general assumptions about your future income is just retirement guessing. And - surprise - it's useless. Seriously? Three posts into a retirement series and we haven't even answered the question "how much do I need to retire?" To...

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...

Money Smart Kids – September’s Great Reads

This month's top reads from Karen Richardson focuses on providing parents and teens with the tools to help create money smart kids! As a mom of a busy family, September is a month full of new beginnings for me each year. Kids are heading back to school (or some form...

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...

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.

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.

The Three Certainties

  At the end of the year, things get undeniably gloomy - particularly on the southern west coast, where we like to brag about our summers and lack of snow, brushing aside any mention of the solid six to eight months of grey skies and relentless rain that can only...

January’s Great Reads

  Welcome back!!! We hope you made good use of your Free Pass throughout the holiday season, and that when you look back on 2018, you’re feeling really proud of what you accomplished. If that pride has oddly led to stress and anxiety, you’re not alone. We...

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...

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...

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...

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...
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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