All Canadians should have a documented personal financial plan.
Entrepreneurs often invest all their assets into their business and do not formally plan for their retirement years. That's why we take an integrated approach to your wealth plan, because the business is the retirement plan.
An effective plan will usually have three distinct stages:
- Accumulate Wealth
- Protect Wealth
- Manage Wealth
Accumulating wealth is usually the result of a lifetime’s hard work. You’ve made some smart decisions, you’ve put your heart and soul into your business and now you have a significant net worth. At this stage in your life, doesn’t it make sense to protect and manage what you’ve accumulated?