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The 5 P’s of Successful Investment Planning

When it comes to creating a personal roadmap for the first time or updating an existing one, I ask my clients to consider the 5 ‘Ps’ of financial planning:

  • -> Purpose – What is the ‘big why’ behind your financial goals? Are you focused on day-to-day income, reducing the need for work in the future, or leaving a legacy behind? If you’re not sure, this is something an IA can help you to figure out. 
  • -> People – Who is in your circle of trust? Having trusted family members and friends with financial experience can be helpful, especially if your goals are aligned with each other’s. A financial advisor adds an experienced, unbiased voice with your best interests at heart.
  • -> Plan – Can your strategy weather volatility? You will need confidence in your plan if you’re to follow through on it, and having a knowledgeable advisor on your side can help with futureproofing your plan and keeping it up to date when the markets change.
  • -> Perspective – What are your decisions based on? Decisions made from fear may keep you safe but prevent growth or push you into taking unnecessary risks. An investment advisor can help to maintain a balanced perspective and weather temporary downturns without sacrificing your investment strategy.
  • -> Positive Action – Are your actions aligned with your plan? Each action you take now should help progress towards your long-term milestones and goals. An investment advisor can help to make the right choices and take smart risks at the right time, allowing you to maintain your momentum overall.

Asking these questions allows you to build a long-term roadmap and move closer to your financial goals, even when faced with momentary downturns. A long-term strategy requires a long-term commitment, so it’s important to find the right IA to suit your personal goals.

If you have any questions about how this relates to you or your investment portfolio and financial plan, please give us a call at 778 655 2410 or email us at

Maili Wong, CFA, CFP, FEA
Senior Portfolio Manager & Senior Wealth Advisor

Wellington-Altus Private Wealth Inc.

Board Director

Wellington-Altus Financial Inc.

Maili Wong is a senior portfolio manager and senior wealth advisor at The Wong Group at Wellington-Altus Private Wealth, and the Amazon best-selling author of ‘Smart Risk’. She has over two decades of experience in the finance industry and was named a Top Wealth Advisor and one of the Best in Province in the 2022 rankings produced by The Globe and Mail and SHOOK Research.

The information contained herein has been provided for information purposes only. Graphs, charts and other numbers are used for illustrative purposes only and do not reflect future values or future performance of any investment. The information has been provided by J. Hirasawa & Associates and is drawn from sources believed to be reliable. The information does not provide financial, legal, tax or investment advice. Particular investment, tax, or trading strategies should be evaluated relative to each individual’s objectives and risk tolerance. This does not constitute a recommendation or solicitation to buy or sell securities of any kind. Market conditions may change which may impact the information contained in this document. Wellington-Altus Private Wealth Inc. (WAPW) and the authors do not guarantee the accuracy or completeness of the information contained herein, nor does WAPW, nor the authors, assume any liability for any loss that may result from the reliance by any person upon any such information or opinions. Before acting on any of the above, please contact me for individual financial advice based on your personal circumstances. WAPW is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada.


Smart Risk Book

Book a Complimentary Consultation with Maili Wong, ranked one of Canada’s Top Wealth Advisors for two consecutive years or contact us to receive a complimentary signed copy of her best-selling book, Smart Risk: Invest Like the Wealthy to Achieve a Work-Optional Life.