Barnsdale & Hussain Wealth Management Group

Estate Protection

Helping you build and effectively manage your wealth and investments is just one of the ways RBC Dominion Securities can help meet your needs. Using insurance strategies and other solutions, we can help you protect your wealth during your lifetime, preserve the value of your estate for your beneficiaries, and help you tax-effectively transfer your wealth to family members, a favourite charity or other beneficiary.

Explore how we can meet your estate planning needs:

Asset Protection: protect the value of your estate through living benefits insurance, segregated funds and insured annuities.
Wealth Transfer: maximize the wealth you pass on using tax-effective insurance strategies and charitable giving solutions.
Estate Settlement: learn how we can help ease the burden if you've been appointed as an estate executor.

Our estate planning solutions could be ideal if you:

Want a way to grow your assets while guaranteeing a payout for your beneficiaries
Are concerned about protecting your estate's assets and your income in the event of a disability, critical illness or long-term care situation
Need a tax-effective way to transfer your wealth to your beneficiaries
Need a way to meet the tax obligations of your estate and other estate settlement costs without liquidating or eroding your estate's assets
Want to make a one-time or ongoing gift to a charity or not-for-profit organization
Have been appointed as executor for an estate and need assistance with some or all of your duties

Access Manager Selection Program

Access a new level of investment management.

Have your investment needs grown too complex for simple, one-size-fits-all solutions? Do you find you lack the time (or knowledge) to properly manage your investment portfolio?

If you demand excellence, and want freedom from the day-to-day details of managing your wealth, now you can move up to a higher level of investment management with the Access Manager Selection Program.

Through this exclusive program, and with the help of your Investment Advisor, you can gain access to the worlds most elite investment managers for an investment as little as $100,000 per manager.

Key Benefits of the Access Manager Selection Program

Team of Elite Investment Managers

You have direct access to only the finest quality investment managers identified by one of the worlds foremost investment consultants Lockwood Advisors Inc. Lockwood meticulously evaluates thousands of investment managers in order to arrive at a well-researched short list. From this list, your personal Investment Advisor will help you select the investment managers best suited for your portfolio.

Greater Control and Significant Tax Advantages

Unlike pooled investment programs, the Access Manager Selection Program offers you direct access to investment managers who can manage your investments within a customized portfolio. Instead of owning units within an investment pool, you have direct ownership of the securities in your portfolio. This gives you greater control and flexibility, and enables your investment managers to make strategic buy-and-sell decisions that can significantly enhance your after-tax returns.

Four-Step Process to Achieve Your Goals

It all starts with you, and your needs. Your Investment Advisor will guide you through a comprehensive four-step process designed to help you build a customized Access portfolio based on your specific needs and preferences. As a result of this process, you and your Investment Advisor will gain a clear understanding of your investment goals, risk tolerance, investment time horizon, income needs, liquidity requirements and more.

This four-step process includes:

Establishing your investment objectives.
Developing a personal strategy.
Selecting your investment managers.
Reviewing and evaluating your progress.

Convenience of an All-Inclusive Approach

This program offers you a variety of investment services for one convenient, all-inclusive fee. This includes screening and monitoring of investment managers, manager research and recommendations, selection of specialized managers, ongoing reviews, asset allocation and rebalancing, performance monitoring, a comprehensive quarterly review and much more.

The Access Manager Selection Program could be ideal if you:

Want an individually managed account that offers greater control, flexibility and unique tax advantages
Desire a personalized and disciplined investment approach to achieving your financial goals
Want access to top-rated investment managers best suited to your specific needs

Insights into giving and inheriting wealth across generations

Within a generation, over $400 billion is expected to be passed down to inheritors in Canada. How are Canadian families preparing for one of the largest transfers of wealth in history? And will inheritors be ready?

View transcript

In the coming years an estimated four trillion dollars in wealth will transfer across Generations in Canada the UK and the US.

But are we ready? Our study found both inheritors and benefactors are unprepared.

In fact only 26% of benefactors surveyed have a full wealth transfer strategy in place.

And just 35% of inheritors say they are prepared to receive wealth.

So while many people are making initial arrangements like writing wills, one and three have done nothing at all to prepare.

What we found was a direct correlation between preparedness and confidence.

For those with a full wealth transfer plan 58% are confident the next generation will sustain their wealth.

For those with no preparations only 33% are confident their wealth will endure.

When it comes to building financial confidence it pays to start early.

Those starting with financial education before age 18 are the most confident.

However, our study found education typically does not begin until age 27 and it tends to be informal and led by family members, despite the fact that almost four of five respondents found Financial education led by professionals to be effective.

So, how can you preserve and protect your legacy? Important steps can be taken to ensure a confident transition of wealth including preparing yourself, your heirs, and your financial affairs.

Before you transfer wealth transfer your knowledge and supplement it with professional financial education.

Your legacy is about more than wealth the steps you take today will lay the foundation for a legacy that lasts

RBC Wealth management - Grow more than wealth]

[rbcwealthmanagement.com/wealthtransfer - Download the full report]

[Wealth Transfer Report 2017]

[Lasting legacy - insights into giving and inheriting wealth across generations]

This video is provided by RBC Wealth Management for informational purposes only. The comments contained in this video are general in nature, and do not constitute legal, investment, trust, estate, accounting or tax advice. RBC Dominion Securities Inc.*, Royal Trust Corporation of Canada, The Royal Trust Company, RBC PH&N Investment Counsel Inc., RBC Wealth Management Financial Services Inc. are affiliated corporate entities and member companies of RBC Wealth Management, a business segment of Royal Bank of Canada. *Member – Canadian Investor Protection Fund. Please visit www.rbc.com/legal/ for further information on the entities that are member companies of RBC Wealth Management. ®/TM Trademark(s) of Royal Bank of Canada. Used under license. © 2021 Royal Bank of Canada. All rights reserved.

“It’s up to the givers of wealth to proactively prepare the next generation to manage that wealth.”

View transcript

Wealth Transfer Report 2017 - How prepared are we in Canada? Tony Maiorino Vice President and Head RBC Wealth Planning Services

Based on our estimates over 400 billion in wealth is set to pass from one Canadian generation to the next.

Canadians really need to take this opportunity to evaluate their current state of preparation for both transferring wealth as well as educating the next generation on money and financial matters.

[Only 22% have a full wealth transfer strategy]

From our research less than 1/4 of Canadians have a full wealth transfer strategy in place and one in three have done nothing so far to prepare.

While some preliminary steps have been taken with 52% of Canadians indicating they have prepared a will important steps remain particularly given the aging population in Canada.

This lack of preparation has Canadians worried about their legacies in the next generation.

Almost 60% of Canadians are not confident their children will preserve or grow the wealth they inherit.

Canadians need to take further action to adequately prepare for the significant wealth transfer that will occur in the upcoming years.

A solid grounding and financial fundamentals help set the stage for a successful transfer of wealth across generations.

This includes first transferring knowledge as well as opening up communications between both the givers and receivers of wealth.

It's up to the givers of wealth to proactively prepare the next generation to manage wealth to ensure that the family legacy can endure.

[Leave a legacy that lasts. RBC Wealth Management - Grow more than wealth]

[rbcwealthmanagement.com/wealthtransfer - Download the full report]

Advisor Account

Experience the perfect partnership.

The RBC Dominion Securities Advisor Account is a special type of investment account designed to offer you a portfolio approach to investing and the simplicity of paying one annual, asset-based fee.

With an Advisor Account, you have access to a complete range of investment choices and financial planning services. Working directly with your Investment Advisor, you can plan, implement and make adjustments to your portfolio as neededwithout paying additional transaction fees.

Key Features and Benefits of the Advisor Account

Make or approve all investment decisions, working in partnership with your Investment Advisor
Adjust your portfolio to meet changing market conditions and personal circumstances, without paying additional fees and charges
Receive expert portfolio planning and implementation services
Access timely market updates and top-ranked research, as well as convenient portfolio evaluation and monitoring tools online
Receive comprehensive quarterly and monthly reports summarizing all portfolio activity
Enjoy premium interest rates on a wide array of interest-bearing securities, commission-free mutual funds and exclusive access to low-cost mutual funds

An Advisor Account could be ideal if you:

Want control over your investments, with the advice and support of an Investment Advisor
Desire a flexible yet disciplined long-term approach to investing
Want to know your fees in advance to plan for your total brokerage costs

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