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 consumer investments and insurance coverage insurance policies.
Serge not too long ago spoke with Younger Upstarts and shared his insights on what it takes to construct a profitable profession as a monetary planning skilled.
Q: Why did you enter the sector of finance as a profession?
Serge Robichaud: Finance has at all times been like an advanced 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 resolve not solely my private puzzles, however everybody else’s too. At first, I held numerous jobs coping with cash in main banks, and each till now has added a brand new perspective on how issues would possibly work in numerous markets and circumstances. As a wealth supervisor, I get nice satisfaction from creating tailor-made monetary options which are as totally different as my purchasers themselves.
Q: How do you steadiness danger and return when serving to purchasers with their investments?
Serge Robichaud: It’s about doing an in depth evaluation of all the present related components 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 want to research new funding alternatives, and I additionally bear in mind the distinctive danger appetites of every consumer. Like taking part in chess and predicting strikes. I should be forward-thinking, in order that their monetary methods are immediately in keeping with their ambitions. I hope to succeed in a steadiness between danger and return that propels purchasers towards success.
Q: Do you imagine in a holistic funding philosophy?
Serge Robichaud:  A balanced way of life defines my very own philosophy. I place a giant emphasis in my private life on staying match by way of train and sports activities. I attempt to encourage my purchasers to pursue the identical thoughts/physique steadiness. I believe it’s essential for creating self-discipline and dwelling an optimum life. I incorporate these philosophies into monetary planning by creating a method that matches my purchasers’ entire life objectives.
Q: What steps have you ever taken to advance your abilities 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 frequently attend monetary planning seminars and maintain observe of present occasions. I additionally attempt to concentrate to all sides of my private well-being. This helps be certain that I’m at my greatest each time any purchasers search me out.
Q: What do you count on 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 utility of AI.
To maintain up with these modifications, I’ve made it a pillar of my long-term enterprise objectives to coach myself on this topic. I additionally suppose the pattern can be in direction of funding that authentically creates long-term worth for society as an entire.
To me, I see this tendency. I’m protecting abreast of the brand new tech and greatest practices to verify my purchasers’ pursuits are tailored to future developments and that they will revenue from them. I’m steadily introducing into their portfolios extra superior, forward-looking varieties of economic practices that lifestyle-conscious folks can reside with and profit from.
