You had a plan for the enterprise. You need a plan for your wealth.
You grew the results of your enterprise with focus, hard work, probably a bit of trial-and-error, and by watching the details along the way. Building the enterprise created wealth along the way, and now you need to make sure you’re working with that wealth as intelligently as you did the enterprise.
While there are some real similarities, like focus and watching the details, this is not the place for trial-and-error. And the hard work should be done by the wealth, not by you. How do we do that? We have a process.
Ultimately, the plan that results from our planning process has to address two areas: enhancing your wealth and protecting you and your wealth.
Enhancement can come in many forms, but what we’re looking at is helping you take the wealth you’ve created and are still still creating, and optimize it. Can we have it grow further, grow faster, or grow more carefully? The approach will be based on your very personal goals, tolerances and future needs, and those will be identified through our Discovery Process.
But growing wealth isn’t enough. It might be sexy to talk about yield, but great returns followed by large losses is a ride most people don’t want, especially as they plan to distribute their wealth or approach retirement. That’s why, along the entire journey we need to be protecting key assets: your health and ability to earn an income, your wealth, your family, key members of your business, and others. You can also protect your estate from the meddling fingers of government and taxation through carefully designed protection structures.
Some firms specialize in one area or another. We specialize in working with Canadian Tire Dealers and affluent families, so wealth enhancement and protection planning are part of our regular conversations with our clients.
Grow it, but protect it too.