Portfolio Manager & Wealth Advisor
BMO Nesbitt Burns
979 Bank Street, 6th Floor
Strategies and Solutions for All Stages of Your Practice
Full-circle wealth services
Wealth is like health – the best outcomes depend on a holistic approach.
We can help you manage your assets, plan for retirement and live your vision. Catering to busy MDs, we make banking, borrowing, investing and wealth planning quick and easy, all under one convenient roof.
First, we will address your immediate needs, such as financing your new practice or buying a home. As we get to know you better, we will build a comprehensive wealth plan that grows with your needs.
Working closely with BMO specialists, we can bring you tailored services in private banking, commercial banking, lending, tax planning, trust and estate planning, insurance, business succession strategies, legacy planning, and more. Ask us to introduce you to the right individuals for your needs.
Goals-based wealth planning
Our disciplined wealth planning is based on your own meaningful goals rather than market benchmarks. Your Wealth Plan is the blueprint upon which your asset allocation and investment portfolio will be built and measured. Our complete, tailored wealth services will be delivered through a personalized relationship with you and a deep understanding of your unique financial challenges.
We will help you minimize taxes to offset high earnings and manage your portfolio proactively; good returns are especially important for physicians with large expenses. Physicians often have too little portfolio diversification, which creates risk. We will allocate your assets to help protect you from market volatility.
Expertise at reducing debt and boosting cash flow
Attending medical school, starting and growing your practice comes at a significant cost. We can help you to pay down substantial debt, begin to accumulate capital, adopt strategies to improve your cash flow and develop disciplined spending habits without feeling like you’re on a budget.
Strategies for a great retirement
We are well-qualified to help you plan for all your financial needs. In addition, we work closely with BMO Wealth Planners in complex situations. Together, we can help you to understand and plan to achieve an ideal retirement as you define it. The key is to diversify intelligently so that all your assets are not held within your practice.
Discretionary investment management
Our team offers discretionary investment management, which alleviates decision-making pressures on busy doctors. Delegate your portfolio decisions and free yourself from daily decisions, which can enable us to respond fast when opportunities or risks arise.
A dedicated Private Banker who provides bespoke services to help you:
Your BMO Private Banker provides more nuanced and attentive service than you’ll find at a branch or online. They will:
- Get to know you and build a long-term relationship.
Practice succession advice
Unlike traditional business owners, physicians cannot easily or objectively measure the value of their practice in order to transfer it to another clinician. You are your practice. So, together with experienced BMO business advisory and practice succession experts, we will help you decide how and when to retire and transition your wealth tax-effectively to loved ones and charitable organizations.
- Simplify your banking and take care of your day-to-day needs with white-glove service to save you time and money.
- Offer you enhanced rates and lending opportunities in certain circumstances.
- Help you manage debt effectively by offering: [TBC with PB]
- Financial advice,
- A BMO® Medical Student Line of Credit,
- BMO® CashBack® Mastercard®,
- BMO® Rewards® Mastercard, and
- A free chequing account.
- Help you connect with BMO lending experts who provide:
- A medical professional’s line of credit and credit cards at preferred interest rates,
- Small business incorporation and tax planning advisory services,
- Business mortgages, and
- Capital financing and cash flow management.
Contact us to discuss your needs.