We have years of experience advising lawyers and can provide strategies to help you succeed financially at all stages of your legal career. We provide tax-conscious portfolio management, integrated wealth planning and banking from a network of experts, and more.
Debt Resolution
On top of your expensive student loans, you may also have a mortgage, car loan, or other debts to repay. We will develop a plan to pay down your debt and create a wealth plan for your needs.
Cash Flow Management
Lawyers earn significantly higher than most. Your busy lifestyle and high-pressure profession may prompt you to spend on expensive conveniences, lifestyle enhancements and entertainment. We will help you budget to balance your short-term lifestyle needs with your long-term life and legacy goals.
Insurance
Your wealth plan should include insurance coverage to protect you, your loved ones, and your practice should unforeseen crises occur, such as illness, injury or a malpractice suit. Insurance can also be a very effective and tax-wise estate planning tool.
Tax Minimalization
Beyond contributing to a Registered Retirement Savings Plan (RRSP), Tax-Free Savings Account (TFSA) or Individual Pension Plan (IPP), we can offer a wealth of tax planning strategies you can use to further mitigate tax. We will work with our expert tax planners to ensure your corporation and portfolio are structured to maximize every allowable tax advantage.
Retirement Planning
We will help you determine what you need to enjoy your retirement by building a prudent, income-generating portfolio to fund the steady stream of needed liquidity. We will work with BMO Private Wealth High-Net-Worth Wealth Planners to ensure you meet your goals without running the risk of outliving your savings.
Estate Planning
Crafting a thoughtful and tax-conscious estate plan that ensures your wealth will be distributed according to your precise wishes is a high priority. We will consult regarding your will, beneficiaries, and powers of attorney. We can also introduce you to professionals from BMO Trust Company to help administer your estate and provide trusts in complex situations.