The foundation of Wealth Management
A written financial plan is instrumental to achieving your objectives. We believe finding opportunities to maximize your net-worth through careful planning is senior to taking unnecessary risk with your portfolio.
Our Wealth Management process is as follows:
1. We take a snapshot of your current financial situation and get a deep understanding of your motivations
2. We write out a formal plan
3. We design a tailor-made investment portfolio that will get the plan through to completion
4. We regularly review and make adjustments along the way
A written financial plan will provide answers to the following questions:
- How much capital you need to accumulate in order to be able to retire comfortably and stay comfortably retired
- Will you outlive your money
- Should you consider an IPP instead of an RRSP (Business owners only)
- When should you convert your RRSP to a RRIF
- You are receiving a lump sum - should you pay off your mortgage
- When should you take your QPP (Quebec Pension Plan)
- Are there any opportunities to protect your OAS (Old Age Security) pension from a claw-back
- In what order should you draw down your assets in retirement (Non-registered, RRSP, TFSA, Holding Company) and what are the tax implications
- When should you take money out tax-free from your CDA balance in your holding company
- Are there any income-splitting opportunities through a family trust
- Should you consider setting up a charitable foundation
- How to allocate your investments in the most tax-efficient manner
- How would a market correction impact your ability to retire comfortably and stay comfortably retired
- What is the required rate of return on your portfolio for your retirement objectives to be achieved
- How to achieve this rate of return with the least amount of risk
- How much of your estate will be shrunk by taxes
- How do you transfer your wealth to the next generation in the most tax-efficient manner