Join Maili Wong and Senior Wealth Planner Dana Brooks as they pull back the curtain on how The Wong Group is harnessing the power of artificial intelligence to elevate the financial planning experience.
In this behind-the-scenes video, you’ll see how we use AI to explore real-life client scenarios—helping answer common financial questions, uncover hidden opportunities, and craft personalized strategies for long-term success. Whether you’re planning for retirement, education, or a work-optional lifestyle, this is a firsthand look at how innovation meets thoughtful advice.
Watch the video to see how AI is reshaping the future of wealth planning—one smart decision at a time.
0:03 – Introduction to AI in Financial Planning
Maili introduces the session and explains how AI is used by the Wong Group at Wellington Altas Private Wealth to enhance financial planning strategies.
0:19 – Fictitious Client Scenario
Senior Wealth Planner Dana Brooks presents a case study of a 48-year-old professional couple seeking guidance on retirement planning and education funding for their children.
0:47 – Key Financial Questions
The couple wants to know how much to save, where to save (RRSPs, TFSAs, non-registered accounts), and when to begin pension withdrawals to achieve a work-optional lifestyle in 10 years.
1:10 – AI-Driven Scenario Modeling
AI is used to simulate various financial scenarios, enabling the team to test different strategies and visualize the impact of decisions on retirement outcomes.
1:33 – Initial Outcome and Estate Planning
The analysis shows the couple can meet their retirement and education goals and leave a $4.63M after-tax estate, but the team explores ways to optimize further.
2:21 – Improving Retirement Success Rate
By adjusting the drawdown strategy using AI, the couple’s retirement success rate improves from 102% to 110%, demonstrating the value of managing taxable income.
2:50 – Monthly Savings Recommendation
AI suggests saving $550/month, which boosts the retirement success rate by another 8%. The plan is then stress-tested for market volatility.
3:20 – Volatility Analysis and Sustainability
A thousand market simulations confirm the plan’s sustainability, with no weak spots identified—green indicators show a high probability of success.
5:28 – Pension Timing Optimization
The team compares pension drawdown strategies, showing that retiring at age 58 yields better results (140% funding ability) than delaying to age 65 (128%).
6:34 – The Power of AI in Planning
AI enables rapid, detailed scenario testing, transforming financial planning into a dynamic, responsive process that helps clients make informed life decisions.
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 thewonggroup@wellington-altus.ca
Sincerely,
Maili Wong, CFA, CFP, FEA
Senior Portfolio Manager & Senior Wealth Advisor
Wellington-Altus Private Wealth Inc.
Board Director
Wellington-Altus Financial Inc.
