Serge Robichaud is a bilingual (French and English) monetary advisor who’s at the moment at Canada Life & Quadrus Investments, the place he supplies monetary planning recommendation and manages shopper investments and insurance coverage insurance policies.
Serge lately spoke with Younger Upstarts and shared his insights on what it takes to construct a profitable profession as a monetary planning knowledgeable.
Q: Why did you enter the sector of finance as a profession?
Serge Robichaud: Finance has all the time been like a sophisticated recreation or puzzle for me. Once I was learning on the College of Moncton, I felt that every monetary idea was a jigsaw piece ready to be understood and fitted into place. This ardour grew into an ambition to unravel not solely my private puzzles, however everybody else’s too. At first, I held varied jobs coping with cash in main banks, and every one till now has added a brand new perspective on how issues may work in several markets and circumstances. As a wealth supervisor, I get nice satisfaction from creating tailor-made monetary options which are as totally different as my shoppers themselves.
Q: How do you steadiness threat and return when serving to shoppers with their investments?
Serge Robichaud: It’s about doing an in depth evaluation of all the present related elements primarily based on the person. We then work out a plan primarily based on the current monetary image and decipher what it takes to get to the person’s end line sooner or later. I would like to analyze new funding alternatives, and I additionally take note of the distinctive threat appetites of every shopper. Like taking part in chess and predicting strikes. I should be forward-thinking, in order that their monetary methods are straight according to their ambitions. I hope to achieve a steadiness between threat and return that propels shoppers towards success.
Q: Do you consider in a holistic funding philosophy?
Serge Robichaud: A balanced life-style defines my very own philosophy. I place an enormous emphasis in my private life on staying match by way of train and sports activities. I attempt to encourage my shoppers to pursue the identical thoughts/physique steadiness. I feel it’s crucial for creating self-discipline and residing an optimum life. I incorporate these philosophies into monetary planning by creating a method that matches my shoppers’ complete life targets.
Q: What steps have you ever taken to advance your expertise throughout your profession?
Serge Robichaud: I’ve pursued the Chartered Monetary Analyst designation, which has been an incredible funding in my private development as an advisor. I usually attend monetary planning seminars and hold observe of present occasions. I additionally attempt to concentrate to all aspects of my private well-being. This helps make sure that I’m at my greatest each time any shoppers search me out.
Q: What do you anticipate will outline the way forward for monetary planning? What traits do you see on the horizon, and the way do you anticipate having to adapt?
Serge Robichaud: I’m unsure if that’s a rabbit gap or a wormhole! The interactions between rising applied sciences and persons are being deepened by the efficient and widespread software of AI.
To maintain up with these adjustments, I’ve made it a pillar of my long-term enterprise targets to coach myself on this topic. I additionally suppose the pattern will likely be in direction of funding that authentically creates long-term worth for society as a complete.
To me, I see this tendency. I’m maintaining abreast of the brand new tech and greatest practices to ensure my shoppers’ pursuits are tailored to future developments and that they will revenue from them. I’m step by step introducing into their portfolios extra superior, forward-looking varieties of monetary practices that lifestyle-conscious folks can dwell with and profit from.
