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Harrison Family
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Annual Review: Education & Rebalance

Jun 21, 20252:00 PMAnnual Review
Created Jun 21 · Sarah ChenUpdated just now
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harrison annual review, in person both here

laura started new job senior nurse, ~+18k, nothing else changed, risk + horizon still fine

kids education fund - they want to start this yr. david asked how much a month... said ~208 catches the full grant and we can just automate it so it doesnt get missed

non-reg account drifted, way overweight cash after last yrs maturities, need to rebalance back to target, bump zag from 22 up to ~30, trim the cash down

went over disclosures, trades line up w kyc, gave them fund facts, talked thru mer/ter

follow ups for q3 - make sure resp actually gets funded, revisit lauras tfsa room now that income is up

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Overview

Annual review with David and Laura Harrison, focused on funding the children's education.

Discussion

We agreed to open an RESP and automate $200 a month, enough to capture the full grant.

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Recommendations

Rebalance the non-registered account to target, increasing the fixed-income position from 22% to 30% ahead of the next review.

ZAG

BMO Aggregate Bond Index ETF

Risk Low to Medium · MER 0.09%

Reason to Own

Core, low-cost broad exposure to Canadian investment-grade bonds. Held for stability and to cushion equity drawdowns; the 0.09% MER keeps the ballast cheap. Reviewed each time the fund facts change.

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Harrison Family
Meeting Note · Household
Northfield Wealth
Sarah Chen, CFP
NW

Annual Review: Education & Rebalance

DateJun 21, 2025
TypeAnnual Review
Duration45 min
FormatVideo call
Initiated byAdvisor
AttendeesDavid & Laura

Meeting Context

In-person annual review with David and Laura Harrison at the Northfield office, with both spouses present. The agenda was funding the children's education and reviewing the non-registered account against its target allocation.

Household Update

Laura recently started a new role as a senior nurse, lifting household income by about $18,000 a year. There are no changes to dependants, residence, or estate documents since the last review, and risk tolerance and time horizon are unchanged.

Discussion

The Harrisons want to begin funding their children's education this year and asked how to do it efficiently. We reviewed the RESP and the Canada Education Savings Grant and agreed to open an RESP with an automated contribution of about $208 a month to capture the full grant. We also reviewed the non-registered account, which has drifted overweight cash after last year's maturities.

Recommendations

Open a family RESP and automate the monthly contribution. Rebalance the non-registered account back to target, raising the fixed-income position (ZAG) from 22% to 30% and trimming the cash reserve. The trades discussed are listed above.

Trades Discussed
ActionSecurityAmountRisk
BUYZAG BMO Aggregate Bond$61,000Low-Med
SELLCash Cash Reserve$61,000Low
Required Disclosures
Trades align with KYC, objectives unchangedClient informed of documents to be receivedFund facts given to client prior to tradesMERs & TERs discussed with the client
Northfield Wealth · ConfidentialPage 1 of 2

Prepared Jun 21, 2025. For the client file, not a statement of account.

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