Anup Grewal, Senior Wealth Manager
Anup has been in the financial industry for over 30 years. He specializes in managing bond portfolios for institutional clients, including municipalities. Our Team relies on his experience and skill for fixed-income strategies and to identify trends in interest rates that will affect financial plans and global equity markets. Our Team also collaborates with Anup to manage larger trust, corporate and institutional portfolios, as well as portfolios for high net worth families.
Financial Planning (Kelsey Draper & James Amarelo)
Much of what is called “financial planning” is essentially financial projections for saving and retirement goals. These projections are based on inputs that are constantly changing (inflation, tax, interest rates and equity returns) and utilize unrealistic linear assumptions for savings or spending (ignoring sequence of return risks). Financial projections are a tool, but a good financial plan takes a comprehensive look at your current financial situation and helps you establish realistic goals. It must also establish an action plan to achieve those goals and must be periodically updated. A financial plan should also answer important questions at different stages of life, such as:
* Do I pay down the mortgage or make a RSP contribution?
* How do I protect my family or business?
* How do I reduce taxes and build my wealth?
* What is the best way for me to help my adult children?
* Do I have enough to retire and what will that retirement look like?
* Do I draw down from my corporation or RIF?
* Do I take my pension when I’m 60, 65 or 70 years old?
* How do I create a legacy for the issues and people that matter most to me?
Angela is a Certified Financial Planner (CFP ®) and coordinates our Team’s financial, tax and estate planning. When appropriate, Angela will bring in our financial planning partners Kelsey (CFP ®) and James (CFP ®) for an independent opinion. If you have questions, a financial plan can provide the answers.
Acting as a power of attorney, a trustee or an executor of a Will can be extremely time consuming and requires knowledge of tax, financial, real estate and healthcare issues. It can be especially difficult when family members live further away or there are more complex family dynamics.
CIBC Trust has been providing professional trust services to Canadians since 1916. The CIBC Trust team has extensive experience in the management and administration of estates and trusts and will work with you to ensure your legacy is preserved. You can appoint CIBC Trust to act as your corporate executor, power of attorney or trustee, and to provide you with professional administration services. If you are already acting as an executor, power of attorney or trustee, you can appoint a CIBC Trust agent to act on your behalf, allowing you to maintain authority to make key decisions, without worrying about the day-to-day administration requirements.
Brian is located in the Victoria CIBC Wood Gundy office and works with families on the islands and in the interior. Lee is located in Vancouver and works with families on the lower mainland. We work very closely with both and they provide a friendly, personalized approach. We also have other Trust & Estate Consultants across Canada ready to help. Every family presents a unique set of circumstances and CIBC Trust can help families establish a plan that is custom tailored to suit their distinct needs.
Insurance & Estate Planning (Aaron McEwen)
Life and disability insurance are essential tools to protect families and businesses. Insurance can also be utilized to (i) generate income for life (annuities & guaranteed income funds), (ii) protect investment assets and avoid probate (segregated funds), (iii) equalize estate bequeaths (when one beneficiary is receiving a family asset such as a business or real estate), (iv) create a legacy for charities, (v) create liquidity for business succession planning or (vi) to offset taxes on an asset transfer (e.g., the family cottage).
Bill and Angela are licensed to provide insurance advice, but our Team also utilizes the expertise of an insurance specialist. Aaron and his team are located in our branch and work closely with our Team to provide holistic financial and estate planning. Estate planning is an emotional task with major financial consequences that can feel overwhelming at times. We can provide you with peace of mind by putting a plan in place to protect your assets, businesses, income and loved ones.
Personal, Private and Commercial Banking
CIBC provides a full range of services to meet the day-to-day banking, cash management, savings and credit needs of individuals, families, and businesses (e.g., bank accounts, credit cards, mortgages, foreign exchange and lending). CIBC also has the resources to provide solutions to more complex issues such as corporate payroll or selling your business.
Our Team has strong relationships with our business partners at CIBC. When a need is identified, we can work with you to find the right solution.
