skip to Main Content

Professionals

Your success deserves special attention

Financial Consultants, Serving Professionals in Western Canada

As Professionals and business owners, we recognize the difficult tasks of running all aspects of your practice, while being able provide a work / family life balance. We recommend Buy Sell, and Shareholders Agreements where there are multiple partners or owners.

Our team will provide clarity where there is complexity, present an easy to understand quality financial plan with built-in solutions to your needs while maintaining harmony in your family circle when transferring to the next generation. 
We believe that all professionals are unique and deserve a well thought out, and comprehensive road-map which we will review regularly and update all as needed.

Looking to expand your practice? Ask us about our commercial lending programs

See our blog post on Financial Planning Advice for MDS and the Professional

Tax Planning

Taxes don’t have to be so taxing

We’ll use all available strategies allowed under your provincial laws to minimize the amount of tax you pay on your investment income.

Cash Management

Our alternative to traditional banking

Our synchronized approach to financial planning involves having an open conversation with you about your real-life plans, and uses a variety of strategies based on your current financial picture to help you achieve them.

We understand that all of your financial needs are interconnected, and we treat them as such – from investing and managing debt; to making sure you only have the insurance you need; to paying as little tax as possible.

Wealth Management

Getting the most out of your money

To feel at ease during volatile periods, focus on the long term, make sure your asset mix is optimized for your risk tolerance, and invest regularly.

Risk Management

The right choices for your changing life

Our full suite of life insurance and living benefits products can help protect your loved ones throughout all life’s adventures.

Retirement Planning

The right guidance at the right time

We can help you figure out how much you need to save to achieve your future financial goals and secure your preferred retirement lifestyle.

Estate & Succession Planning

Planning for your estate

We will recommend solutions that help maximize your estate’s value, while helping to ensure your beneficiaries will receive everything you’ve planned for them. We can help you understand how the decisions you make today impact the value of your estate.

FAQ

Why Should I Have a Buy-Sell Agreement?

Without a buy-sell agreement, you could find yourself sharing the reins of your LLP or corp with your former partner’s spouse, children, or someone else. Would you want to be in business with someone who knows little about your business and does not have skin in the game?

How does a Buy-Sell Agreement protect me?

A buy-sell agreement in basic terms, is an exit strategy for you and your business partners. It can protect you, your family, and partners, because it sets ground rules for how ownership shares should be dealt with or restructured, should you, or one of your partners leave the business.

How do I fund the agreement?

If you ever need to act on your buy-sell agreement, the money will change hands. Do you have a cash account set aside for this purpose? Sources of revenue could include cash, CSV, installments, or collateral loans. Many shareholders and partners utilize life insurance as a cost- and tax-efficient solution. Cash values, also known as CSV, are available. If an entity-redemption agreement is in place, the Entity, LLP, or Corporation purchases individual life insurance contract on the lives of each owner. The entity then funds the monthly or annual premium and is both the owner, the beneficiary of the agreement. When an owner of the policy passes away, the LLP, Corporation, an or Entity uses the income-tax-free sheltered death benefit to purchase the deceased owner’s shares. A cross-purchase buy-sell,allows each owner to buy a policy on the other owner(s). When one of the owners’ passes, the surviving owner(s) use the death benefit to purchase the deceased owner’s shares.”

What professionals should I use?

When entering into an LLP or Corporation, You should consult with an experienced CPA, Lawyer, and a Risk Management Specialist who can provide the education and the roadmap required to structure your entity. Peters Wealth Management offers complimentary and customized risk management as part of our planning service.

Are there other risks that need to be addressed?

All shareholders included in your LLP, or Corporation, run the risk of Death, Disability, Failure of Health, and eventually Long Term Care. Ask yourself this: If something were to happen that affected my ability to earn an income, how would I fare? What if this happened to my partner(s), how would it affect my LLP or Corp?

What are the disciplines of Financial Planning required?

Tax Planning, Cash – Flow, Education, Debt, Investment, Insurance, Retirement, and Estate, Farm Succession. Many financial advisors only provide Investment & Insurance products. We will provide both a personal and corporate needs analysis, then provide portable solutions designed to grow with your practice. It is our firm belief that all LLP’S, Partners, should receive complete holistic advice. Peters Wealth Management provides a comprehensive financial plan.

What is the cost of your services?

Peters Wealth Management does not charge a fee for building a holistic financial plan. Consultations provided at No Cost, No obligation to all. Full financial disclosures provided transparently and at the time of any transaction executed at the request of the client.

We want to hear from you.

You deserve the value of a personal, lasting relationship.

Our commitment to face-to-face relationships, a proven investment approach, the breadth of our products, and the depth of our management are what make a relationship with us so rewarding.

We look forward to working with you to help you achieve your lifelong financial goals.

Preferred Contact Method

×

We want to hear from you.

You deserve the value of a personal, lasting relationship.

Our commitment to face-to-face relationships, a proven investment approach, the breadth of our products, and the depth of our management are what make a relationship with us so rewarding.

We look forward to working with you to help you achieve your lifelong financial goals.

 

Preferred Contact Method

Back To Top