Turnkey support
For many years, the reputation of our expertise has grown rapidly among this group. We support a large number of wealthy families, among whom we count clients at all stages of life. Here is a real case of accompaniment that started with our client after the loss of her husband.
Initial meeting and needs assessment
Having lost her husband several years ago, a client finds herself with a large RRSP, a LIRA, a well-stocked non-registered investment account, an income property and a major tax concern at death.
Although relatively satisfied with her investment advisor for 20 years, the latter unfortunately does not have the expertise to maximize her tax situation as a whole, to optimize her disbursements (personal taxation) or to propose insurance strategies that could benefit the estate and reduce taxes on death.
Following the analysis of the situation by the Apex Gestion Privée team, it was demonstrated that in this very specific case, the tax savings linked to a more optimal disbursement became just as important as the returns on the investments themselves.
Apex Wealth Management: a team that gives you confidence
Realizing the importance of mastering all the elements of her situation and being able to put a concrete figure on this expertise for her specific personal file, the client chose to place her trust in the Apex Gestion Privée team.
Complete wealth management
Following the transfers of the investments, we modified the disbursement strategy in order to favor the estate and minimize the tax on death. And these additional services did not cost anything more, on the contrary. We were able to have a transparent discussion about the management fees and the different products available and not only did the management fees drop considerably, in the end we also made part of it deductible, which makes a difference of several thousand dollars a year.
We have also taken charge of the assets of her only daughter and this proximity will facilitate intergenerational transfer when the time comes, in addition to grouping the assets under a single broker and thus allowing even more advantageous grouped management fees.
We have also revised the key elements of her will such as the power of attorney and the mandate of incapacity and we have addressed certain weaker elements of the will, which will be modified shortly.
Private management with peace of mind
Following the various discussions, the client really appreciated knowing that some clients today choose to bequeath part of their assets during their lifetime. And after reflection on her side, we have integrated this concept into the disbursement plan and she now spoils her daughter and her grandchildren, as well as her brothers and sisters, with the peace of mind of never compromising their own long-term financial security.