Turnkey support
For many years, the reputation of our expertise has grown rapidly among this group of professionals. We support a large number of entrepreneurs, among whom we count clients at all stages of their lives. Here is a real case of support that began when an entrepreneur wanted to withdraw from his operating company managed with business partners.
Initial meeting and needs assessment
An entrepreneur wishing to withdraw from his operating company managed with business partners, needed support and he was referred by a friend to the services of Apex Gestion Privée. Following discussions and exploration meetings, the client gave his vote of confidence to the Apex Gestion Privée team. Here is how his accompaniment went afterwards.
We conducted several work sessions to fully understand the issues. Faced with the particularity of the company, we organized and led working sessions with a specialist in the specific field of the company in order to validate certain hypotheses, revise the valuations of the assets made by the approved appraisers in order to establish the value of the company by using different methods to determine the basis of our claims.
Use of our network of experts
The client also had to find a new accounting firm to avoid a conflict of interest with the accounting firm of the operating company. We then suggested various alternatives to him and we then set up, with the team of accountants he had chosen, his new corporate structure. Not having a lawyer in its team of professionals, we then integrated into our discussions one of our external resources to set up, present and negotiate the settlement. After a year of almost weekly support, we obtained the desired settlement and finalized the transaction.
A profitable and optimized payout
We had structured the settlement to maximize each tax dollar because we had an overall picture of the client. Capital gains exemption at the personal level, creation of management company, RRSP arrears, dividend payment to recover the RDTOH, TFSA, etc. We then opened all the investment accounts accordingly, integrating the reality of his spouse into the equation. We also, with the accountant, accompanied the client in order to send the capital to the right places (tax payable, transfers between company accounts, personal accounts, spouse, RRSP and TFSA contribution, etc. )Then, the sums were invested in the market according to a personalized investment plan, respecting the investor profile.
We also grouped, analyzed and optimized the insurance contracts by repositioning certain contracts in the new management company and by canceling the protections that were no longer required. We also took the opportunity to implement a new insurance strategy to maximize estate dollars and reduce taxes at death.
This new reality has brought about a lot of changes, so we have reviewed the family budget, made plans in anticipation of retirement to come in a few years, in addition to analyzing certain projects such as the possible construction of a cottage, the expansion of home vs moving and even investing in another company.
A complete and personalized service offer
Since the settlement, we are now in the follow-up of the implementation, but the support work continues and will continue for a long time because the children of the customers are now part of the discussions.
As you can see, some projects of our Private Wealth clients sometimes affect all 7 elements described in our service offer and in this case, we were the conductors in order to coordinate the multiple stakeholders of the different spheres of activity.