Managing your wealth is not simply a financial exercise. An appreciation of your unique needs and an in-depth understanding of your goals, dreams and values, and how they affect your family is required.
We understand that the most effective wealth plan starts long before we look at numbers – it starts with a conversation about you.
Wealth is a family affair
We firmly believe that wealth is a family affair. To attain your family’s goals it is important to know where you are today,where you want to go, how you are going to get there and what you are prepared to do to make sure you reach your goals. The wealth planning approach encompasses all aspects of what is important to you and your family, for example, protecting your current and future lifestyle, creating the legacy you envision, taking a strategic approach to planned giving and maximizing tax efficiency in all areas of your estate. By contrast, a less structured approach to planning may accidentally overlook one of these crucial areas, leaving the outcome to chance.
BMO Wealth Planning & Advisory Services follows a multidisciplinary and optimized wealth planning process to address all aspects of managing, preserving, enhancing and transferring wealth. We use a five step wealth planning process that begins with engaging a Wealth Planning Consultant. Subsequently, we will undertake an in-depth discovery conversation to understand your financial situation and learn about the issues that affect you and your wealth. Our strategic wealth planning approach ensures that a customized solution is designed and applied through a disciplined process to take you through all the financial stages of your life. Our goal is to focus on all aspects of your wealth plan to ensure it is sound and meets the objectives for you and your family.
A team of professionals working with you
BMO Wealth Management has assembled a team of industry experts and designated specialists with whom your BMO financial professional is able to partner with to bring you a customized strategy tailored specifically to your family’s wealth management needs. The Wealth Planning Consultant will work with your BMO financial professional and may bring together an extended team of experts in the fields of tax, trust and estates, insurance, business succession, and philanthropy to gain an overall perspective on your wealth management needs. Backed by the group’s knowledge and expertise, your BMO financial professional will work closely with you to tailor a comprehensive plan that incorporates your wealth and life goals, interests and aspirations. By taking a team approach, we can bring a wealth of knowledge and experience to you. So that the advice provided allows you to make better decisions, and to take actions that will have both short and long term benefits for you and your family. As your needs evolve, your BMO financial professional will continue to identify opportunities, review your plan regularly and recommend solutions to enable you to remain on track to achieve your goals.