Complete and integrated wealth planning

As a Certified Financial Planner (CFP®), my first priority is to learn your end goal and to build your long-term wealth plan. This plan will shape all of our decisions, including our investment recommendations.

 

We will ask questions such as:

  1. Where are you going?
  2. Does every piece of your puzzle make sense?
  3. How can we structure things better?

 

We will provide optional solutions, highlight the pros and cons of each, and help you decide which strategy will best achieve your short- and long-term objectives.

 

"You've got to be very careful if you don't know where you're going, because you might not get there."

- Yogi Berra, Major League Baseball catcher, manager and coach

 

My team and I bring you access to significant depth and breadth of world-class financial options and wealth planning resources from a collaborative team of BMO Private Wealth specialists. This gives us the time to give you personalized attention, build close long-term relationships, and fully address your unique needs. Our broad network of BMO Private Wealth specialists brings you tremendous financial bench strength:

 

  • Will reviewers
  • Private Banking professionals
  • Tax planners
  • Business and Commercial Bankers
  • Asset managers
  • Investment bankers
  • Trust and estate planners
  • Risk management experts
  • Insurance specialists
  • Business succession specialists
  • Credit consultants
  • Strategic philanthropy consultants

 

They help us to create a comprehensive wealth plan that encompasses investment management; retirement, estate and tax planning; personal and business banking services; trust services; business succession planning; insurance solutions; philanthropic strategies; and more.
 

Identifying and addressing gaps

Complications can arise when affluent families plan to transfer their wealth. Every individual is unique – one of your offspring may be interested in running the family business, practice or farm when you retire, while another might not. We have the experience to detect potential problems right away and delve in deeply to provide solutions that help you equalize your estate in a fair, compassionate and straightforward way.

 

In highly complex scenarios, we will engage an estate planner who brings added sophistication.

 

Our team will examine all the details that have ramifications on your financial world. For example, we will:

  • Coordinate your estate plan and your insurance coverage – are your beneficiaries up to date and do they match those stated in your will?
  • Coach you on tax implications – for instance, if you don’t liquidate your Registered Education Savings Plan (RESP) assets while your kids are in school, you will have a big tax hit unless you have RRSP contribution room to transfer them.
  • Help you make milestone decisions that will have a large impact down the road, for instance:
    • What to do with your defined benefit pension plans when you near retirement? Should you withdraw the funds and pay tax on the income, transfer the assets to a registered retirement income fund (RRIF) or purchase an annuity? We will assist with forms you need to complete and explain each option in terms of the impact of inflation and spousal benefits.
    • How to manage your defined profit sharing plan when you change jobs?
    • Ready to retire? How that transition looks like.

 

Wealth is a family affair

We will make sure your spouse is present and involved in wealth discussions and will also ask if your younger or older generations need any financial help. Our team will help your family to manage all your financial complexities and keep everything as simple and streamlined as possible.

 

Like a tailor-made suit or dress especially made for you, our wealth plans and advice will be tailored to address what really matters to you and what you want to achieve in life.