Wealth Management for Incorporated Professionals

 

Incorporated professionals face a unique set of financial planning challenges, from determining the optimal time for incorporation to managing fluctuating incomes in the absence of traditional pension plans. We will work closely with your Tax and Legal Advisors to devise a holistic strategy. Our comprehensive wealth management services are tailored to guide you through each critical aspect of financial planning, ensuring you embark on a journey to a secure and prosperous future.

 

Incorporation Planning -The Foundation of Financial Security

Incorporation is not just a legal formality; it’s a strategic financial decision. The timing of incorporation can significantly impact your tax liabilities and business growth potential. By partnering with your tax and legal advisors, we assist you in identifying the right moment to incorporate, balancing immediate benefits with long-term goals.

 

Navigating Uncertainty - Customized Solutions for Fluctuating Incomes

The lack of a fixed income stream and pension plan can be daunting. Our wealth management services are designed to provide stability and predictability, helping you navigate the financial uncertainties inherent to professional practice.

 

Compensation Strategies - Salary or Dividend

Deciding between salary and dividends is more than a matter of preference—it’s about efficiency. We analyze your personal and business finances to recommend a compensation strategy that minimizes taxes and maximizes wealth accumulation.

 

Retirement Planning - Beyond RRSPs

While Registered Retirement Savings Plans (RRSPs) are a cornerstone of retirement strategies, they may not be the sole answer for incorporated professionals. We explore alternative investment vehicles within your corporation to build a robust retirement portfolio tailored to your unique situation.

 

Investment Management - Growing Your Corporate Assets

Investing through your corporation can offer significant tax advantages. We provide insights into how to effectively allocate corporate funds into investments that align with your risk tolerance and financial objectives.

 

Structural Optimization - The Role of Holding Corporations

A holding corporation can be a powerful tool for asset protection and tax planning. We evaluate the potential benefits of establishing a separate holding corporation as part of your overall financial strategy.

 

Exit Strategies - Securing Your Retirement and Family Wealth

Creating an exit strategy is crucial for ensuring that your retirement is well-funded, and your family is secure for generations to come. Whether it’s selling the business, transferring it to a successor or conversion to a holding company, we design exit plans that help provide financial security and peace of mind, for now and future.

 

At Pharus Wealth Advisory Group, we understand that financial planning for incorporated professionals is not a one-size-fits-all process. Our holistic and integrated approach ensures that every facet of your financial life is harmonized with your personal and professional aspirations.

 

Connect with us to embark on this journey together, crafting a financial future that is as ambitious and successful as your professional career.