The Belous Private Wealth Management Group

You might be investing to build your financial future or to protect what you’ve already built. You may have specific needs, like maximizing your retirement income or creating a lasting legacy for your family or other beneficiaries, such as charitable causes you care about. Whatever your specific needs, The Paul Belous Private Wealth Management Group can craft a wealth management plan for you.

We believe that providing superior investment management is not enough. Our commitment to our clients is to provide a superior level of service to ensure that they never have any questions about the status of their personal wealth. That personal comfort comes from continuous and consistent communication and providing complimentary access to wealth management professionals.

Our Commitment to You:

Personalized portfolio reviews – We provide our clients with a portfolio review on a scheduled basis and includes a detailed return report.

Monthly Newsletter – A timely update of recent events as well as a view of the month ahead, in addition to other financial planning and wealth management tips and techniques.

Direct E-mail from the Portfolio Manager – For our exclusive Private Investment Management (PIM) Program Clients, you will receive e-mail updates directly from Paul, the discretionary portfolio manager detailing his thoughts about specific market conditions in helping his clients understand the rationale behind the changes.

Certified Financial Planner – Clients are encouraged to schedule a comprehensive financial planning review with our colleague Jennifer Janeczko. Jennifer’s sole purpose is preparing and presenting financial plans for our clients. These plans encompass every aspect of the investors personal and business financial picture, as well as address all possible estate issues and objectives.

Will & Estate Consultants – clients have access to Will and Estate lawyer who can provide a completely unbiased review and/or suggested course of action for protecting personal and/or corporate assets at no additional charge for clients.

Your Commitment to us:

Just as the Belous Private Wealth Management Group has made a commitment to our clients, we require our clients make a similar commitment to us. As part of our client service agreements, we require that our clients commit to the following:

Provide a full and complete picture of your current wealth management situation. In the same way you would tell your doctor of all your symptoms before requesting diagnosis we require that our clients be completely honest and forthcoming with their entire financial picture;
Update us immediately when changes occur to your personal and/or business objectives;
Notify and provide us with alternate contact details when you are leaving your normal place of residence or business for an extended period of time.

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]

Our service commitment

Our Commitment to You:

Your Commitment to us:

Insights into giving and inheriting wealth across generations

Paul Belous, CIM