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At Pallett Private Wealth, our purpose is to deliver you to your dream financial destination. Just like any great business plan, a financial plan must be meticulously created. Through in-depth research and professional collaboration, our wealth management strategies are fine-tuned to your specific needs. From introduction to implementation, we ensure that your plan is expertly executed and consistently monitored to reflect your goals as your life changes. Through client discussions, ongoing evaluations, and market research, managing your wealth with great care is our first priority – and never done.
This meeting is the foundation for all investment decisions, as we learn all about who you are, what you value, and what you want your financial future to look like. We consider your goals, risk tolerance, and time horizon, and cover areas of personal finance, business finance, succession planning, Will and estate planning, tax strategies, retirement, and more.
After learning all about you, we devise a unique, personalized, and organized wealth management plan that aligns with your goals and draws together all corners of your financial picture. Under the experienced leadership of Drew Pallett, our team then constructs an investment strategy that complements your vision.
We offer every client the orchestrated involvement of a variety of highly trained specialists whose expertise and insights can advance your plan. By working in concert with our clients’ legal, accounting, and business advisors, we can sharpen our focus and fine-tune your plan to get you where you want to go.
Working hard to make your dream future a reality, we make sure that all of your bases are covered, loop in the right professionals at the right time, and ensure that your portfolio is aligned with your goals. Through our proven process and deep commitment to our clients, we strive to provide straightforward and successful solutions that cater to each and every requirement you may have.
We believe that wealth management is a continual process. Through consistent market monitoring, professional collaboration, and active communication with our clients, we can ensure that everyone is on the same page and that your wealth is maintained with the utmost care and due diligence.
As your life changes, we can make the necessary adjustments to your strategy, revisiting your financial plan and reorganizing your priorities. We remain focused on your long-term goals, even if strategies shift over time.
Learn more about how we tailor our approach to your specific needs by reading these stories below.
Kevin and Marilyn, a couple in their mid-60s, sold their business and recently retired. Despite their successful accumulation of wealth, they were concerned by the sudden absence of business-generated cash flow and were seeking stability and predictability with their finances. They were looking for a way to effectively manage their retirement income, and wanted their assets managed in a way that mitigates risk while increasing tax efficiency, long-term consistency, and growth. The couple also wanted to establish a plan to provide for their children and grandchildren in a tax-efficient manner.
Through comprehensive analysis, we developed a custom investment and retirement plan focused on sustainability, tax efficiency, and diversification. Balancing security with growth, the plan aims to provide income for Kevin and Marilyn’s retirement years while also building a legacy to leave for future generations.
The transition from being a business owner to becoming a retiree can sometimes be challenging, so our team developed a comprehensive report to help Kevin and Marilyn better understand their financial picture. This report included a snapshot of their existing situation and net worth statement, projections of future asset values, cash flows, tax burdens, and recommended strategies, with clear steps to take moving forward. With the future in mind, we worked closely with Kevin and Marilyn’s tax advisor to ensure assets were efficiently allocated, and with their attorney to establish and implement a long-term care fund. This ensures the couple’s current needs will be met and that their legacy will be passed to their children and grandchildren in the way they desired.
With a clear financial plan and integrated estate roadmap, Kevin and Marilyn can now focus on enjoying their retirement and spending time with family.
Peter, a 45-year-old entrepreneur, owns a successful tech startup company. As his business grew, he realized that he needed a comprehensive financial plan that would align his personal and professional goals and ensure security in his family’s financial future.
We collaborated with Peter, his accountant, and his legal advisor to create a custom and comprehensive financial plan and reinvestment strategy that integrated the appropriate levels of risk with his business cash flow and growth potential. A succession plan was developed to ensure the smooth transition of his business in the future, as well as insurance and estate planning solutions to protect his family’s financial well-being and support the tax-efficient transfer of wealth.
Peter now has a robust financial strategy that supports the goals he wanted to achieve with his business, his family, and his personal life. Now, he can focus on growing his business with the confidence that his family’s future is secure and that his wealth is being managed effectively and with great care.
Robert and Janice are business and life partners in their mid-50s who own a successful manufacturing company in Canada. They had accumulated ample capital from their business and wanted to ensure that their living expenses and spending goals would be met for the remainder of their lifetimes. They were also looking to incorporate a succession plan which would pass on the business as well as a large portion of the earnings in their holding company to their children and grandchildren in the event of their passing.
Through collaboration with Robert and Janice’s tax specialist, estate planning lawyer, and our in-house Will and estate lawyers, we conducted an estate freeze and established a discretionary trust for their children and grandchildren. We also worked with their accountant and our internal insurance specialist to create a life insurance policy for their company, which credits the company’s capital dividend account to the survivor’s estate upon their passing. The policy also encourages tax-free growth during their combined lifetimes, is constructed to meet their estate, income, and tax needs, and is readily available to be withdrawn when needed. We also made sure that voting control of the business continued to remain with Robert and Janice.
Robert and Janice’s estate and succession plans have been carefully thought out and implemented for the long-term benefit of their family. They can now focus on growing their business with financial peace of mind.
