In today’s rapidly changing financial landscape, many Canadians face uncertainty and increasingly seek personalized, professional guidance. Traditional financial planning methods often struggle to keep pace with clients’ evolving needs, relying heavily on manual data entry, rigid product-focused strategies, and infrequent plan updates. Vibe planning is a new approach that harnesses artificial intelligence (AI) and natural language processing to redefine how financial advisors deliver advice, prioritizing client goals, flexibility, and collaboration.

What is vibe planning?

The “vibe planning” approach reimagines financial planning as an ongoing, collaborative process. Rather than producing static, one-time plans, it uses AI to interpret both client goals and advisor instructions in plain language, generating a living financial profile that evolves as clients’ circumstances change. This approach allows advisors to interact conversationally, streamlining the planning process and making it more intuitive.

By refining client profiles based on data inputs, behaviours, and feedback, vibe planning keeps the focus firmly on what matters most to clients. It fosters collaboration between advisors and clients to update and adjust plans quickly, ensuring that advice remains relevant and responsive to shifting circumstances.

How VibePlan.ca embraces this new methodology

Developed by Dave Faulkner, CLU, CFP, VibePlan.ca allows an advisor or their client to complete a detailed questionnaire focused on qualitative rather than quantitative data. The platform then analyzes these answers to generate a comprehensive client profile, highlighting strengths, weaknesses, priorities, and recommended next steps. Advisors can use this output to define the scope of the engagement, review and refine recommendations, and prepare client communications.

Clients can be provided access to the results through the client portal, reducing administrative overhead, enhancing compliance, and keeping clients actively involved in their financial progress.

Key advantages

VibePlan’s primary advantage is efficiency. By automatically generating detailed digital client profiles, advisors can easily highlight areas of concern and appropriate recommendations. This agility is especially valuable when clients experience significant life changes, as results can be updated instantly without the need to start from scratch.

The platform also enhances the Know Your Client (KYC) process. It analyzes the client questionnaire responses to develop a nuanced understanding of each client’s financial situation, risk tolerance, and objectives. This deeper insight enables highly personalized advice, improving both compliance and client satisfaction.

Comparison with traditional methods

Traditional financial planning in Canada is often characterized by manual data entry, slow analysis, and a focus on products and fixed plans. Client interactions are typically formal and scheduled, resulting in static plans that may quickly become outdated. In contrast, VibePlan offers a conversational and responsive experience. While traditional software remains essential for complex financial analysis and in-depth projections, VibePlan.ca excels in situations where clients benefit from rapid, personalized, and iterative planning focused on their goals and values.

Who benefits from this new approach?

The flexibility of VibePlan makes it suitable for a diverse range of clients. From individuals seeking help with money management skills, to retirees and self-employed business owners, all clients can benefit from advice that is based on more than just the numbers.

In all cases, the platform’s deep KYC insights ensure advice is tailored to each client’s unique needs.

Ready to take your advice the next level?

Elevate your practice with VibePlan, register for a trial today!