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 CIBC Private Wealth, Wood Gundy  CIBC Private Wealth, Wood Gundy

David Malyga

  • Home
  • About Us
  • Services
    • Our Process
    • Our Investment Philosophy
  • Who We Work With
    • Retirees
    • Business Owners
    • Medical Professionals
  • Market insights
  • Contact
  • Blog

Medical Professionals

Address 21 King Street West Suite 600 Hamilton ON, L8P 4W7
Telephone Number (905) 755-7088
Email Email us
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Medical Professionals

Your career is dedicated to caring for others. Your wealth strategy should take care of you.

Medical professionals face financial decisions that extend far beyond investment selection. Professional corporations, demanding schedules, irregular cash flow, insurance needs, tax planning, practice ownership, and retirement all require careful coordination.

Our wealth management approach brings these elements together in one personalized strategy—helping you build, protect, and eventually transfer your wealth with greater clarity and confidence.


medical

SPECIALIZED ADVICE FOR A COMPLEX FINANCIAL LIFE

Your financial priorities may change significantly throughout your career. Early on, the focus may be on managing debt, purchasing a home, establishing a practice, and beginning to invest. As your career progresses, the priorities often shift toward corporate investing, tax-efficient compensation, retirement planning, estate preservation, and succession.

WHO WE SERVE

  • Physicians and surgeons
  • Dentists and orthodontists
  • Pharmacists
  • Veterinarians
  • Medical specialists
  • Clinic and practice owners
  • Incorporated healthcare professionals
  • Medical residents and professionals entering practice
  • Retired and retiring medical professionals

OUR WEALTH MANAGEMENT OFFERING

Investment Management

Your investment strategy should reflect your goals, tax structure, time horizon, income needs, and tolerance for market risk. Your portfolio is managed as one part of your complete wealth plan—not as a standalone account.

Professional Corporation Planning

For incorporated medical professionals, the corporation can become an important part of the family’s long-term wealth strategy. We work alongside your accountant and legal advisors to ensure recommendations are appropriately reviewed and implemented.

Tax-Aware Wealth Strategies

The way income is earned, invested, and withdrawn can have a significant effect on after-tax wealth. Tax planning should be coordinated with qualified accounting and legal professionals.

Retirement and Financial Independence

A successful practice does not automatically create a successful retirement plan. We help determine how your personal and corporate assets may support your future lifestyle. The goal is to create reliable retirement income while managing taxes and preserving long-term flexibility.

Insurance and Risk Management

Your ability to earn an income may be one of your most valuable assets. A comprehensive risk-management review may address your professional obligations, family responsibilities, debt, and business structure.

Practice Ownership and Succession

Owning a medical or dental practice can create additional opportunities and responsibilities. Our objective is to help turn professional success into lasting personal and family wealth.

Estate and Legacy Planning

A thoughtful estate plan can help protect your family, reduce uncertainty, and ensure your wishes are clearly understood.

Banking, lending and business owner expertise

Running your own practice comes with new considerations and high-impact decisions on a daily basis. We work closely with Private Banking partners who specialize in commercial lending, personal lending and day to day banking.


QUESTIONS YOUR WEALTH PLAN SHOULD ANSWER

Am I converting my professional income into long-term wealth?
Should I invest personally or through my professional corporation?
Is my compensation strategy aligned with my financial goals?
Am I saving enough to achieve financial independence?
Is my family protected if I become unable to work?
How should I fund retirement from corporate and personal assets?
Is my investment risk appropriate?
What happens financially when I sell or leave my practice?
Are my estate arrangements coordinated with my corporation?
Are my accountant, lawyer, and wealth advisor working toward the same objectives?


A SECOND OPINION ON YOUR FINANCIAL STRATEGY

Even successful professionals can benefit from an independent review of their current arrangements.

A wealth review may help identify:

•Unnecessary investment risk
•Gaps in insurance coverage
•Tax inefficiencies Uncoordinated corporate and personal accounts
•Retirement-funding shortfalls
•Estate-planning concerns
•Missed planning opportunities



       
       
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      CIBC Private Wealth” consists of services provided by CIBC and certain of its subsidiaries through CIBC Private Banking; CIBC Private Investment Counsel, a division of CIBC Asset Management Inc. (“CAM”); CIBC Trust Corporation; and CIBC Wood Gundy, a division of CIBC World Markets Inc. (“WMI”). CIBC Private Banking provides solutions from CIBC Investor Services Inc. (“ISI”), CAM and credit products. CIBC Private Wealth services are available to qualified individuals. Insurance services are only available through CIBC Wood Gundy Financial Services Inc. In Quebec, insurance services are only available through CIBC Wood Gundy Financial Services (Quebec) Inc.


      CIBC Private Wealth services are available to qualified individuals. The CIBC logo and “CIBC Private Wealth” are trademarks of CIBC, used under license.