Business Owners and Professionals

Services for Business Owners and Professionals
Small business owners and professionals face unique financial challenges, as their personal and business situations are closely linked and their personal success depends heavily on the economic viability and success of the business. Our team has specialized expertise and services to help small business owners and professionals plan and coordinate their financial affairs for maximum results.

Executive Financial Planning Service
Many small business owners retain our team to act as personal wealth managers to the executive staff as part of the overall benefits program. Owners recognize the value of using specialists who understand small businesses to advise executives on all aspects of their financial plan, including tax, estate, retirement and investment planning.

Executive Money Management Services
Executives and business owners are generally so busy running their businesses that they don’t have the time or resources to properly manage their personal portfolios. Based on a personal assessment, our team can offer you a full and unbiased money management and portfolio service tailored to your risk tolerance, time horizon and investment objectives.

Retirement Compensation Arrangements (RCAs) and Individual Pension Plans (IPPs)
Business owners and executives have a unique opportunity to increase their contributions to a retirement program beyond regular RSPs. In addition to enhancing tax-efficient retirement savings for executives, these programs allow for increased tax deductions to the corporation. We can help you explore whether a RCA or an IPP may be right for your company.

Buy/Sell Agreements
In corporations and small businesses where there are partnership arrangements, the principals should consider developing a fully funded buy/sell agreement. Our team can assess your current buy/sell arrangements and make recommendations on the best funding vehicles in the event of a death, critical illness or long-term disability of any principal.

Disability Insurance Carve Outs
For many executives and business owners, the disability insurance coverage provided by the company group plan may be inadequate, in part due to plan restrictions. Our team can assess your current group insurance plan and make recommendations regarding available options to increase protection for executives on a tax-effective basis.

“Key Person” Insurance
Most businesses have a few “key people” who play a critical role in delivering results for the company. In the event of the death, critical illness or long-term disability of such a key person, there could be significant financial repercussions. Many businesses rely on our team to assess the potential risks involved and recommend contingency plans to mitigate damage.

Succession Planning Services
Small businesses and corporations that are tightly held by a few individuals need to plan for the succession and continued success of the business they have worked so hard to build. There are many factors to consider when creating a succession plan, especially taxation of the assets on transfer and methods for funding the purchase by the buyer of the business. Our team can work with your other professionals to help formulate a succession plan and address each issue relating to that plan.

Cash and Credit Management Services
We can also provide you and your employees with cash and credit management services. This program gives executives and employees access to some of the best in savings accounts, lines of credit, mortgages, GICs and many other banking services. Our team will map out a full lending and saving plan for each client to lower borrowing costs and increase savings rates.

If you are an executive or business owner and would like more information on how we can help you achieve your personal and business goals, contact us to arrange an initial consultation.

Business Owners and Professionals

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