Life Insurance is always about someone else or something else Examples: support for a family member or elimination of a debt. In later years, savings and planning may wipe away these obligations. But there are protection plans that last a lifetime and can provide useful...
Your Trusted Advisor will work with you for many years, perhaps a lifetime. Along with every aspect of your finances, you will discuss personal issues, goals and challenges, and your future. This concerns all the money you have, a lifetime of hard work. Whether this...
Otto von Bismarck created the first pension—retirement from the army was set at age 65—for the 19th century, a daunting longevity. Today upon reaching 65, you may need to provide another 20+ years. The money you worked so hard to earn and save must work harder...
While 77% of surveyed family businesses reported that they have conflicts among family members, just 13% of those businesses have a conflict resolution process in place.[1] No matter how professional the business side of a family business looks, the family side can get messy. Much is...
In today’s crowded marketplace, purpose is a great way to get noticed. It differentiates you from your competitors. It communicates your values. And it creates meaning. But when it comes to a family business, the purpose is only valuable if it’s a shared purpose. Why do...
There’s a big shift coming. Half of Canadian first-generation businesses expect that the next generation will be taking the reins over the next five years. Yet only about one-third of Canadian family businesses have a formal succession plan in place.[1] The road to that succession plan can...
Family businesses can be complicated. With many egos at play and a wide array of unspoken assumptions, it’s sometimes best to get things in writing. Enter: A formal employment policy. Some of your family members may think of your business as their fallback career path. If they...
Life can be stressful. The family business is where it all comes together: family pressures, ownership demands and business needs. When planning for the future, understanding the intersection between these three segments can lead to a different perspective on managing these needs, as well as...
In a perfect world, you would start saving for your child’s future immediately, putting away thousands of dollars a year to help your son or daughter get an education or buy their first home. In the real world, however, chances are pretty good that when your...
As the world begins to return to normal after more than a year of on-again, off-again COVID shutdowns, many women are looking to take the next step forward. For some women, this means taking a more proactive approach to their careers. You may be seeking a...