Achieve Your Financial Goals with Confidence
Lorna Eastman Financial is a fee-for-service advice-only counselling firm located in Victoria, BC, serving clients throughout British Columbia. With over 30 years of experience, our mission is to provide you with the insight, tools, and knowledge you need to optimize your financial plans. We specialize in providing independent, confidential financial counsel and advice to individual and corporate clients, focusing on personal financial counselling, retirement, pension, personal, tax, and estate planning.
Our Services
Our services are designed to provide you with unbiased and impartial advice, free from any product sales or commissions. We operate on an hourly rate or fixed price quote, ensuring that our clients receive objective guidance tailored to their specific needs. Our team, led by Lorna Eastman, CFP, offers a comprehensive range of services, including personal financial counselling, retirement planning, pension planning and retirement income, business and corporate tax planning, and estate planning.
Our Independence
We value our independence, as do our clients. We do not represent any financial products, nor do we receive commissions based on the placing of financial products of any kind. The only payment we receive is through our fees charged directly to clients. Our services remain unbiased, independent, and focused solely on our clients' needs. Our fee structure permits us to remain completely impartial while working with our clients to help them achieve their personal goals and objectives.
Our Expertise
Lorna Eastman, CFP, and President of Lorna Eastman Financial, has over 30 years of experience advising individuals and corporations regarding employee pensions and benefits, income and taxes, budgeting and cash flow, and financial planning strategies. Prior to commencing private practice in 1994, Lorna was a Senior Manager in the Personal Advisory Group of a large national accounting firm and helped clients clarify their financial goals, objectives, and plans, working with various clients throughout British Columbia and Canada.
Initial Consultation Disappointing
The author, Delia Poppylucy, had a poor experience with Lorna, a retirement plan advisor. Delia and her partner asked Lorna to review their plans and confirm they were on track. Lorna assigned homework, asking them to gather financial information and bringing it to the meeting. During the hour-long meeting, Lorna took notes and asked questions, but provided no advice. However, she did inadvertently share a few helpful tips.
Summary Errors and High Fees
After the meeting, Lorna sent a summary of their discussion, but it was filled with mistakes. Despite these errors, she charged the couple $500 for the initial meeting and the summary. Lorna also offered to help them refine their retirement plans for an additional $3000. The author felt this was an exorbitant amount, considering they were already 95% of the way to having their plans sorted out.
Overall Dissatisfaction
As a result of the inaccurate summary and high fees, Delia strongly advises against using Lorna's services. She believes it was a waste of $500 and would not recommend Lorna to anyone. The author explicitly warns others to avoid Lorna's service, citing the high cost and lack of value received.
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