Wendy Brookhouse First to Receive Cash Flow Planning Designation in Atlantic Canada

Wendy Brookhouse, President of Black Star Wealth Partners, has become the first in Atlantic Canada to receive her Cash Flow Planning Designation.

Haliafx (I-Newswire) January 9, 2014 - What is cash flow planning? What is the difference between cash flow planning and making a budget?

Those are two questions Wendy Brookhouse, the first advisor in Nova Scotia to earn her Certified Cash Flow Specialist Designation (CCS), will be hearing a lot of.

Cash flow planning is unique because it is based on behavioural spending concepts. The technique allows financial professionals to look at their client's spending and to separate necessary expenses from all other forms of spending. From there, they are able to create plans that allow clients to harness their unintentional spending.

Brookhouse, President of Black Star Wealth Partners in Halifax, says "Cash flow planning simplifies and provides an easy to manage structure, helping clients to pay down debt faster and giving people back the control they feel is missing from their financial lives."

According to a recent poll conducted by CIBC, paying down debt is a top financial priority for Canadians in 2014. Of those surveyed, 47 per cent said they'd met with a financial advisor but only six per cent of those who'd met with a financial professional had discussed debt management with their advisors; enter cash flow planning, where advisors like Brookhouse begin with your financial foundation (debt and spending).

Cash flow planning works with high-income earners precisely because it isn't budgeting, high-income earners don't need or want an allowance, they want financial control.

While the Certified Cash Flow Specialist Designation Program just launched in November 2013, Brookhouse was already incorporating cash flow planning into her financial practice long before the launch, "I have been providing my clients with cash flow planning for quite some time-the peace of mind my clients have after the process, knowing they can achieve their financial goals is amazingly gratifying."

Her philosophy is that it's important for clients to identify their goals so that the cash flow plan is motivational, rather than being restrictive like a budget. Brookhouse says, "Look at the big picture from all angles. Consider what motivates you. Structure your plan around the motivation so that you see the 'win.' If you know what you want, we can show you the how."

Brookhouse also serves on the Certified Cash Flow Specialist Board and is the first board member to receive the designation. As she is licensed in New Brunswick and PEI, she is currently the only advisor with her cash flow planning certification in the Maritimes. Brookhouse is also licensed in Ontario, where she has already been providing cash flow planning services for clients.

The Chair and Founder of the CCS, Stephanie Holmes-Winton says that Brookhouse has been a key influencer on the board since the inception of the program. Brookhouse will continue to offer her input into the development of material to train advisors all over Canada on cash flow planning.

About the CCS
The Certified Cash Flow Specialist (CCS) Designation is the first program of its kind in Canada. It recently launched, November 2013, and there are currently 9 Financial Professionals who have received the CCS Designation. Certified Cash Flow Specialists are tested for competency in the use of cash flow formulas, behavioural spending concepts, debt management, and on the review and creation of written cash flow plans. Designates must meet continuing education requirements as well as follow a professional code of conduct. In order to renew the designation, qualified professionals will have their skills put to the test by completing an annual case study and will be required to prove they are actively and regularly writing cash flow plans for their clients.

The CCS program is managed and owned by The Money Finder. Find out more about The Money Finder http://themoneyfinder.ca/

Wendy Brookhouse,
President, Black Star Wealth Partners,
3600 Kempt Road, Suite 210, B3K 4X8

Stephanie Holmes-Winton,
CEO of The Money Finder and founder of the CCS
26 Morningfield Lane
Dartmouth NS, B2W 0J6

About Black Star Wealth Partners

Black Star Wealth Partners is your financial wellness firm.

We optimize your financi   More..al well-being. You show us what you want your money to achieve, we show you how.

We offer both financial services for personal clients and specialized services for business clients.

Knowing what you want to achieve, your priorities and the potential risks along the way enables us to formulate a plan that is right for you. We provide you with a written plan that will allow us to measure progress and adjust to life's changes along the way.

The Black Star Benefits Team has decades of experience in the Group Benefits industry. Our recommendations are based on your goals and objectives, along with the corporate culture you strive to create within your company. We give you clear information and education, assist with carrier transition, employee communication and policy development.Less..

Contact Information

Black Star Wealth Partners
Christina Flemming
3600 Kempt Road, Suite 210
Halifax, Nova Scotia B3K 4X8 Canada
B3K 4X8
Phone : (902) 446-4661


Business   finance   Designation  

Published in:

Business > Entrepreneurs

Published On:

January 9, 2014

Print Release:

Print Release

If you have questions regarding information in this press release contact the company listed above. I-Newswire.com is a press release service and not the author of this press release.The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. As some companies and PR Agencies submit their press releases once per week,month or quarter, make sure to check the official company website for accurate release dates as our site displays the I-Newswire.com press release distribution date only.We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for or omissions in that information or for actions taken in reliance on that information.

Related Releases

Sturdy Gun Safe Offers American Made Gun Safes at the Best Prices
Sturdy Gun Safe has been offering American Made Gun Safes at the Best Prices. They are one of the best commercial gun and fire safe manufacturers in the USA.

Lotus Greens Yamuna Expressway - Select Your "Living Style"
The new entrant "Lotus Greens Developers" has launched another astonishing project at Yamuna Expressway of Sector-22D Greater Noida. Now-a-days, there is a huge demand for commercial or residential properties along with the luxury amenities.

Teknowledge Extends Its Social Media Campaigns To Behance
Teknowledge Mobile Studio recently laid down a marker for all its professional rivals, by adding Adobe Behance to its overall social media marketing portfolio. The best works of the company would be presented on the channel, and the company is lookin

Frontier Label Announces Discount Code For The Month
Frontier Label, the well-known labeling company offering custom printed labels and a variety of other options for different industries recently announced discount codes.

Las Vegas Home Being Sold By the Ballen Group
The Las Vegas real estate team, known as The Ballen Group, have entered into discussions with a buyer for a Las Vegas home located on Cherokee Avenue.