Every one of my clients goes through the wealth planning process – it is one of the biggest advantages I bring to the table.
The insights that emerge from this process drive my investment recommendations – I can only tailor your investments when I know your needs and goals, upcoming expenses or purchases, and what you want your money to accomplish for you.
Without relying on any plug-and-play formulas, I will look at:
Where you are now:
- Perform a cash-flow analysis of how much money comes in and out
- Calculate net assets less liabilities, to take a snapshot of where you stand today
Where you want to be:
- Your immediate goals – for example, buy a house in two years
- Your goals and milestones extrapolated up until your expected demise
Then, I will:
- Assess your financial goals and level of risk tolerance,
- Conservatively predict the investment returns you need and the inflationary forces that we need to account for to keep you safely on track to achieving your targets,
- Develop a strategic, effective, in-depth plan based on your current financial picture,
- Put your customized investment plan into action,
- Monitor its progress over both the short and long term while keeping you informed,
- Meet at your desired frequency to review your portfolio, re-evaluate and re-balance where necessary, and
- Hold you to account regarding investing to achieve your goals:
- If you’re not investing as much as you intended, we will discuss why not and have meaningful conversations about how you can change your current actions to ensure your success long-term.
As your financial quarterback, I engage a team of specialists on your behalf.
I will leverage the vast knowledge and experience of BMO Private Wealth and put all available resources to work for you. My support team includes external accountants and estate planning attorneys as well as BMO Private Wealth business valuation experts, insurance and estate advisors, trust specialists, commercial bankers, and personal and commercial lenders. I will coordinate this team to collaborate as one team with the singular goal of ensuring your unique financial strategy works.
Our wealth management consultants and bankers come from various disciplines and provide assistance with complex issues. This coordinated and caring team of experienced professionals can save you time, offer solid advice, and help you enjoy life with confidence knowing your financial affairs are being well managed.
Together, we provide:
| • Investment management | • Insurance solutions |
| • Retirement planning | • Private Banking |
| • Tax planning | • Business Banking |
| • Business succession planning | • Philanthropic strategies |
| • Trust and estate planning | • High net worth wealth planning |
Estate planning
I will create a customized estate plan and help identify planning opportunities and issues. In addition, I will introduce experts to advise you on strategies that address your circumstances and oversee the successful implementation of your estate plan. This will help you maximize the value of your estate, minimize taxes, control the way your estate is distributed, and minimize stress for your loved ones.
Tax planning
The right advice on tax considerations could impact your wealth plan and financial decisions significantly. Experienced BMO Private Wealth tax professionals can help me integrate their tax knowledge with your overall wealth plan. Working with your existing advisors, they can provide customized tax strategies and keep you up to date on the latest tax regulations and advantages.
Trust and estate administration services
With my partners at BMO Trust Company, I can guide you through the big decisions that touch multiple generations for long-lasting impact, ensure a smooth and orderly transition to your heirs through effective trust and estate administration, and offer a complete range of trust and estate services, which can provide compassionate guidance, proven skills and experience in delivering:
Attorney for Property, Executor, Trustee, or Court Appointed Representative services
- Agent services to assist with tax compliance issues
- Estate litigation representation
- Living, Family and Testamentary Trusts services
- Escrow agent services in M&A deals, with the ability to grow escrow funds while in custody
- enCircle concierge services to fully manage your personal and financial responsibilities (e.g., aging parents, bill payments, investment management, consolidated statements)
Insurance strategies
Asset preservation and tax minimization are integral to a comprehensive wealth plan. In partnership with our Estate and Insurance Advisors, I can recommend insurance solutions as a very tax-efficient estate planning tool that can also provide a tremendous sense of assurance.
Business succession planning
Succession planning is a process, not an event. Proper planning can ensure the ongoing stewardship of the business you have worked so hard to build. I will assist you with planning for your next chapter and the transition of management and ownership of your business, whether to a family member, employee or a third party. Learn more
Lending services
Whether you’re looking to secure a mortgage, personal loan or line of credit – or if you require more specialized lending services for your family or business – I will work with you to access the expertise of a BMO lending specialist or Private Banker.
Private banking services
BMO Private Wealth offers a full range of Platinum Banking solutions that can provide you and your family with highly customized and innovative products and services. Your dedicated Private Banker will help you and your family to simplify and enhance your financial journey. Navigating intricate financial situations and structuring complex transactions, they will help you achieve your financial objectives, manage the challenges that can come with significant wealth, and benefit from bespoke rates and solutions.
Your dedicated Private Banker can provide customized solutions tailored for your unique banking and borrowing needs:
- Lines of credit, mortgages and other personal financing solutions that allow you to access the funds you need to reach your immediate and long-term goals while also earning great rates.
- Financing through personal holding companies, life insurance, monetizing investment holdings to free up cash, and fulfill other complex personal borrowing requirements.
- Managing deposits and other services:
- Competitive deposit and investment products as well as services that provide you with easy access to your money.
Cross-border financial needs
I can introduce you to a BMO Private Banking professional in the U.S. Whether you are looking for the latest in mobile apps to access your money, or you’re spending time and own property in the U.S., your Private Banker can help.
Philanthropic services
Philanthropy and charitable giving are extensions of your personal beliefs and convictions. We can help you implement a solution that will have a long-term impact and enduring difference in your community and create a lasting family legacy. The solution may be anything from a donor advised fund to the creation of a private foundation.