Transcript PowerPoint

Sharing Canadian experience:
Personal Financial Planning
Brief overview of the current state of
the world economies
About myself
My name is Mila Gibner.
 I work as Financial Paraplanner (Assistant
Consultant) at TE Wealth, the financial planning
firm with more than 40 years of history in Calgary,
in the province of Alberta in Canada.
 I am an FPSC Level 1 certificant in personal
financial planning (see fpsc.ca).
When I was studying in SSU I took part at the Global
Social Entrepreneurship Competition (Seattle, USA) in
2011 as a semi-finalist with our own business plan.
Who is Certified Financial
Planner (CFP)?
A professional who:
- can provide sound financial advise in all areas of personal finances
and
- is licensed with Financial Planning Standards Council (FPSC)
Path to become a CFP (simplified):
Complete FPSC-Approved Core Curriculum program
• Pass FPSC Level 1 examination
• Take an FPSC-Approved Capstone Course
• Pass CFP Examination
• Complete 3 years of qualifying work experience
•
I wish something like this would be in Ukraine someday:
Regulated Occupations and Licensing
FPCS issues Certified Financial Planning license.
Other regulated occupations examples:
Accountants, engineers, various brokers, doctors, lawyers, various
professional consultants, etc.
-
Regulated by its own licensing organization which are not government
entities
-
Establishing and enforcing regulatory standards in the occupation
-
Financed mainly with the annual fees of the professionals and through
granting educational institutions the rights to provide certified educational
courses
Self-Regulatory Organizations (SROs)
Investment Industry Regulatory Organization of Canada (IIROC)
Mutual Fund Dealers Association (MFDA)
Not a government agencies!
What is Personal Financial Planning?
Six Pillars of Financial Planning:
• Financial Management
• Investment Planning
• Insurance and Risk Management
• Tax Planning
• Retirement Planning (Пенсионное планирование)
• Estate Planning and Legal Aspects
(Планирование наследства)
What does TE Wealth do?
from http://www.tewealth.com/
Brief overview of the current
Canadian economy
Oil-dependent economy
 Currently considered to be in technical recession
 Government takes steps to stimulate the economy:
- very low overnight rate – 0.5%, subsequently
prime rate is low too – 2.70%. These boosts consumer
spending and business activity (Downside: asset values
“inflation”).
- Canadian dollar is a "pure" floating currency,
now its exchange rate to US dollar touched 11 year
low (now $1CAD is $0.75US). This boosts exports
(caution: threat to productivity).

Brief overview of the current
USA economy
Biggest world economy and biggest trades partner of
Canada.
Boom in the oil sector in 2014 gave boost to the
economy: lower gasoline prices and more jobs
increased consumer spending.
Fed considers to increase interest rate at the end of
2015 or early 2016.
Concerns:
- “expensive” US dollar hurts export oriented
companies
- shale oil may be running out
- stock market correction (Note: Behaviorism)
Brief overview of the current
world economy
China:
 Economic growth slowdown in second largest
economy (from 8% and more annual GDP growth
down to 4-6%).
 Significant stock market correction – “Black Monday”.
 Government tries to stimulate economy:
- cut the interest rates
- devaluated the Chinese yuan
Europe:
 In January European Central Bank started the policy
of the quantitative easing
 Refugee crisis
 Greece bailout deal (minor issue)
Use international experience for Ukraine
and dream big.
Thank you for your attention!