Damian Borges CFP, CLU® , CH.F.C.

 

I am a CERTIFIED FINANCIAL PLANNER® Professional, Chartered Life Underwriter (CLU®) and Chartered Financial Consultant (CH.F.C.) with over 30 years of experience in the financial services industry. As a member of Canfin Wealth Management, I provide comprehensive and integrated wealth management solutions for fee for service financial planning, investments, insurance and advanced T1 tax preparation. 

"I specialize in helping families get what they want out of life by refocussing their financial resources."

 

I am licensed &/or registered to offer the following services in Ontario: 

• financial planning
• life insurance and
• mutual funds                            

            Canfin Wealth Management services are comprehensive because creating wealth, distributing wealth, managing and preserving wealth cannot be done in isolation. A full 360-degree perspective is required to ensure that success in one area does not conflict with another. We use an integrated approach in all our engagements because when it comes to the creation, distribution, preservation and management of wealth there are no easy answers, and may involve other highly skilled individuals to work collaboratively with us to develop custom-tailored solutions based on the unique circumstances of our clients.

             To help you achieve your goals, Canfin Wealth Management only associates with financial planners, advisors and other professionals and service providers who are committed to life-long learning and professional development. All of Canfin Wealth Management's clients will always experience our "qualified approach to wealth creation, wealth preservation, wealth distribution and management!"
   

As a member of Canfin Wealth Management, I am committed to these Core Values which cover these 5 principles:

 

1.   Consistent application of our qualified approach to wealth creation, preservation, distribution and management.
2.   Excellence in client service,
3.   Comprehensive services through a closely linked group of expert service providers,
4.   Remain Independently owned and operated, and
5.   Committed to being good corporate citizens by adhering to the triple bottom line: sustainable business, environmentally friendly business and ethical business operations to make stakeholders proud to associate with us. 

 

Mission Statement: "To serve our clients through knowledgeable, trusted and professional advisors providing comprehensive advice, quality products and outstanding service."

 

How We Help Our Clients

 

Middle-Aged Couple

Just Received Inheritance 

  

Jon and Daenerys are in their mid-50s. They own their own home, with no mortgage. They have two sons in high school. Their investments are scattered between several institutions.

 

Main issues:

- How to invest proceeds of inheritance?
- Want to minimize tax
- Do they have enough to retire?
- Will the children have enough to attend university?
- How to maximize estate to children?

Recommendations:

- Do financial plan on a fee-for-service basis to address above issues
- Complete Financial Needs Analysis (including goals, prioritized with estimated date of completion)
- Include net worth statement, cash flow analysis and risk profile
- Retirement projection
- Investment analysis
- Education projection
- Estate planning analysis
- Tax planning and analysis

Implementation:

-Consolidate investments
-Use corporate class funds to reduce tax in nonregistered portfolio
-Use conservative portfolio fund as core for all accounts to offer pension-style performance, and complement with select satellite funds
- Maximize RRSP contributions
- Maximize RESP Contributions
- Set up TFSAs, and top-up
- Set up monthly pre-authorized contributions for all accounts
- Apply for T100 life insurance policy on joint last-to-die basis of offset estate tax liability

  

 

Senior Couple

Concerned About Running Out of Money

 

 

 Luke and Leia are in their mid-70s. They each have a RRIF and LIF totaling approximately $300,000, and receive CPP and OAS payments

 

Main issues:

- Concerned about running out of money
- Afraid of market volatility
- Want to maximize their estate for their children

Recommendations:

- Do financial plan on a fee for service basis – to address above issues
- Financial Needs Analysis (including goals, prioritized with estimated date of completion)
- Net worth statement and  cash flow analysis, 
- Complete risk management analysis, retirement, and estate planning projection 
- Complete investment analysis, including risk profile

Implementation:

- Rebalance investments to conservative income portfolios
- Ensure that withdrawals are being made from fixed income only
- Submit a T100 life insurance policy on a last to die basis as a way to maximize their estate
- Top up tax-free savings accounts

 

 

 Young Couple 

Want to buy a house

 

 

Tony and Pepper are in their early 30s. They want to buy their first home and start a family, but can’t seem to make ends meet. They have approximately $50,000 saved for their down payment but have no other assets. They have about $30,000 in student loans.

 

Main issues:

- Can they afford to buy a house?
- How to save for a down payment
- How to eliminate student debt

Recommendations:

- Do financial plan on a fee-for-service basis – to address above issues
- Financial Needs Analysis (including goals, prioritized with estimated date of completion)
- Net worth statement, cash flow analysis
- Investment analysis, including risk profile
- Mortgage analysis
- Risk management analysis

Implementation:

- Determine price range for home purchase and required down payment
- Set up TFSAs, and start monthly preauthorized contributions
- Start monthly contributions to pay down student debt
- Get mortgage pre-approval
- Set up RRSPs for Home Buyers Plan 
- Submit life insurance application

 

Client Testimonials

 

"We have had a number of investment advisors in the past and I wish we had of met Damian much earlier in our investment career. Damian has the ability to put in place the investment plan that best suits our needs and does so in a professional and caring way.

We have been with Damian a number of years now and he has helped and guided us through various investment strategies as we were both approaching and preparing for retirement. Damian makes sound recommendations towards wealth management and retirement planning but ultimately he allows us the flexibility to lead in the direction we want to go to achieve our goals.

Thank you Damian for your sound and caring advice through the years. Rina and I have recommended Damian to our friends and they too, are very happy with his financial guidance."

 - Rina and Pat Apostoli

 

 

"Damian is a very patient, friendly advisor. He is very knowledgeable and trustworthy. We’d have no hesitation recommending him for all your financial needs!"

- Jackie Di Caro and Mike Nagy

 

 

"…sending our appreciation to you for your assistance these last few years. Your guidance has helped us move forward in many aspects of our lives - our sincerest thanks to you!"

- Anthony and Diana Apostoli  

 

 

"As a young couple we needed help getting organized and aligning our finances with our life goals. Damian helped us prioritize our goal of owning a home, and we wouldn't be in one now if it wasn't for his guidance and strategy. He's also been a great help to other members of the family and is always easy to work with. I'd recommend for anyone, in any financial position, to work with Damian on their financial future."

- Paul and Anne Dabrowski