Marlene Buxton
Marlene’s story and her introduction into Financial Planning
Marlene Buxton was influenced at a very young age about financial planning. It fascinated her that it affected so much of a person’s life. Marlene married, had two daughters, and separated all by age 29. After the divorce, she set out to raise her daughters on her own. Marlene operated in a commission-based structure and did financial plans at no charge. Marlene was paid through the companies she brokered products with. She liked it because she could research and find the best companies for different types of financial products and match those with her clients needs. This allowed Marlene’s clients to get the advice they needed without having to pay a direct fee. They paid indirectly through the financial products they used.
As Marlene Buxton was gaining the experience and learning about all the different strategies that can be used to help clients live the life they want, she was taking courses toward the CFP® Professional designation. It was difficult for Marlene to find the time to complete the courses, being on her own with two young children full time. However, Marlene was able to complete the courses and write the final CFP® examination in 2015. Marlene Buxton not only passed, but scored the top mark in the country for her sitting of the exam. Marlene was awarded first place on the presidents list with FP Canada. This was a pivotal moment for Marlene.
Marlene’s fee-only approach to financial planning
Marlene Buxton realized that she loved the aspects of creating a financial plan, but didn’t necessarily need to focus on the financial products. She had already been thinking that it would be nice to remove the perceived bias in how she was set up and she was limited in what she could offer her clients. Marlene wanted to go more deeply into the financial planning side to provide comprehensive retirement income planning for her clients. In 2017, she made the big decision to give up her existing business model and go fully into fee-only financial planning. She found other advisors to work with her existing clients so that she was no longer receiving commissions. Fee-only financial planners should not be accepting referral fees or commissions. This is to allow for unbiased advice. The only revenue is from the clients direct transparent fees.
Marlene Buxton decided on a flat fee structure so that clients would know exactly what the price is before beginning the process. Some fee-only financial planners give an estimate and clients may be faced with a higher bill they did not expect further in the process. Marlene believes a flat fee structure is best.
Marlene Buxton began specializing in Retirement Income planning in 2014. With the change in model to a fee-only structure, she ended up with a very unique offering. Fee-Only Financial Planning specializing in Retirement Income planning. This suits Marlene well as she loves dealing in more complex strategizing.
Transitioning into retirement is often a stressful time. Knowing that your resources will last your lifetime and allow you to live the life you want, is the first step to enjoying your retirement.
There are so many financial decisions to make that are based on strategizing how you use your resources. It is about matching up your resources with the life you want to live now and in the future. Marlene Buxton loves strategizing for her clients. Marlene also wants her clients to succeed in living the life they desire with peace of mind over their finances.
Contact Buxton Financial For Retirement
If you are looking for an income retirement specialist in Toronto, you're in the right place now. Contact Buxton Financial For Retirement today. You can count on us for reliable income retirement planning.
