Long-term, customized wealth management begins with a high-level conversation. It is an ongoing process that requires constant revision. We will create your customized financial plan and integrate it into your portfolio construction process, encompassing proven, diverse strategies designed to enhance risk-adjusted returns. We will start by reviewing your current financial position. This is a combination of your net worth (assets minus liabilities) and your annual cash flow (income minus expenses and savings). This information provides an overview of the financial resources currently available to meet your goals. Then we will chart your course for success. Do you have a clear picture of where you want to be when you retire? Are you sure your present plans will get you there? While no one can predict the future, BMO Private Wealth has sophisticated planning software to help make it clearer. It’s called WealthPath.
WealthPath
The best way to reach any destination is to use a good map. Our sophisticated financial planning software, WealthPath, creates one tailored to your goals. It helps take the guesswork out of planning. All the information you provide is integrated with current legislation to give you an objective view of your financial affairs. As we work through the process together, we will produce financial targets, identify shortfalls and create strategies. You will clearly see how all your hard work will help you to reach your goals and how changes can impact it. By integrating the many elements that affect retirement income, our program allows you to review your options and make informed decisions. We can look at opportunities to save on taxes and ensure you have the correct strategies in place. It’s easy to review and update whenever a major life event occurs to keep you on track to your long-term goals. Contact me if you would like to go through this process for the first time or to update an existing plan. Collaborating with BMO specialists Working with a passionate, experienced team of BMO Private Wealth specialists, we will create your customized and complete wealth plan. After working to truly understand your short- and long-term goals, together we will advise you regarding tax considerations, create trusts if required, and help you plan and protect your estate and legacy. Our broad network of BMO Private Wealth specialists brings you tremendous financial bench strength:
Will reviewers
Tax planners
Asset managers
Trust and estate planners
Insurance specialists
Credit consultants
Private Banking professionals
Business and Commercial Bankers
Investment bankers
Risk management experts
Business succession specialists
Strategic philanthropy consultants
Backed by this group of accountants, lawyers, insurance professionals, tax and estate specialists, we can provide a comprehensive approach that incorporates your wealth and life management needs, interests and aspirations. Guiding you through major life transitions. With the specialized assistance of our BMO Private Wealth partners, we can add significant value when helping you and your loved ones to prepare for major milestones or manage periods of transition; for example, when you:
Get married or divorced
Inherit money or win a lottery
Start a family
Buy or renovate your home or vacation property
Decide to fund an education
Buy or sell a practice or business
Change your career
Plan for and enter your retirement years
Have an accident or are diagnosed with a major illness
Wish to make a major charitable contribution