Why have a wealth management advisor?

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As an entrepreneur, you’ve devoted considerable time, energy and resources to building your business. You have certainly accumulated significant personal wealth as a result of your entrepreneurial success. 

However, managing your financial assets can become complex and demanding. That’s where a wealth management advisor comes in. How can he or she help you achieve your financial and life goals?

First of all, what is a wealth management advisor?

A wealth management advisor, formerly known as an investment advisor, is a member of a full-service securities firm. They can advise you on building a stock market investment portfolio, using a wide range of financial products available to them (stocks, bonds, GICs, mutual funds, exchange-traded funds). 

In addition to making investment recommendations, your wealth management advisor will help you manage your assets as a whole.

A global approach to wealth management

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A wealth management advisor takes a holistic approach to managing your wealth as an entrepreneur. They take into account not only your personal investments, but also the financial aspects of your business. 

By understanding your overall financial situation, your wealth management advisor will develop an integrated financial plan that takes into account both your personal goals and those of your business. This will enable you to see the big picture, and make informed investment, tax, retirement and estate planning decisions.

By discovering your business, your personal assets and your financial preferences, your wealth management advisor will make personalized recommendations. He or she can also provide you with neutral, objective information to help you make the best financial decisions.  

He or she can provide you with fresh perspectives, and possibly even correct some of your misguided beliefs, which could cost you dearly if you continue to apply them to the management of your finances. 

As an entrepreneur, you’ve learned to delegate, to trust and to recruit the candidates with the best skills to carry out a complex set of tasks to achieve your goals. Why not do the same to help you manage your assets?

Specialized financial and tax expertise

Entrepreneurs face unique financial and tax challenges. Managing your wealth as an entrepreneur requires specialized expertise that takes into account the changing nature of your business and your financial needs. 

A wealth management advisor has in-depth knowledge of financial markets, investment products and current tax legislation. He or she will help you develop an investment strategy tailored to your risk tolerance and maximize your company’s tax efficiency. 

In addition, he will advise you on the financial structuring of your business, cash flow management and planning for future growth.

The right retirement plan


As an entrepreneur, your retirement requires careful planning. You need to ensure that you have sufficient savings and income to maintain your standard of living after you leave your business. A wealth management advisor will help you assess your retirement needs, define clear objectives and develop a strategy to achieve them.

He or she can guide you in choosing appropriate retirement plans, such as Registered Retirement Savings Plans (RRSPs), Registered Pension Plans (RPPs) and Individual Pension Plans (IPPs). He or she can also introduce you to other programs that can help you reach your financial goals, such as Registered Education Savings Plans (RESPs), Tax-Free Savings Accounts (TFSAs) and Tax-Free Savings Accounts for First-Time Home Buyers (TFSA-FHBs). 

In addition, your wealth management advisor can monitor and adjust your retirement plan to reflect changes in your business and economic conditions.

Asset protection and estate planning

Protecting your personal and business assets is essential for entrepreneurs. A wealth management advisor can help you structure your assets to minimize risk and protect them from potential creditors. 

They can work with wealth protection experts to offer solutions tailored to your needs. Financial security advisors can propose various insurance solutions. 

They can also work with legal experts to put in place a solid estate plan, ensuring that your assets are passed on according to your wishes. 

This may include drafting wills, creating trusts or appointing trustees. Your wealth management advisor can help you assess the tax implications of passing on your assets, and identify strategies to minimize estate taxes.

A long-term partner for your financial needs

When you work with a wealth management advisor, you gain a long-term partner for your financial needs as an entrepreneur. Your advisor can help you navigate the various challenges and transitions you may encounter along your entrepreneurial journey. Whether you’re considering selling your business, launching a new venture or retiring, your wealth management advisor can provide valuable guidance and advice every step of the way. 

He or she can adjust your financial plan as your situation changes, and help you make informed decisions to maintain your long-term financial security.

Access to exclusive financial products

By working with a wealth management advisor, you can gain access to exclusive financial products such as private funds, alternative investments and structured products.

These products are often reserved for institutional investors and high-net-worth clients, but by working with a wealth management advisor, you can benefit from these exclusive investment opportunities.

The wealth management advisor, your financial quarterback

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As an entrepreneur, managing your financial assets can be complex and demanding. That’s why it’s essential to have a wealth management advisor at your side. A wealth management advisor will help you take a holistic approach to managing your assets, taking into account both your personal investments and the financial aspects of your business. 


With their specialized financial and tax expertise, they’ll help you develop investment strategies tailored to your unique situation. In addition, he or she can assist you with retirement planning, wealth protection and estate planning. By working with a wealth management advisor, you benefit from a long-term partner for your financial needs, who will guide you through your entrepreneurial journey and help you achieve your long-term financial goals.

How is a wealth management advisor remunerated?

Most wealth management advisors charge fees based on the total amount of assets they manage for their clients. The percentage of assets charged may vary according to the amount of assets and the complexity of the management required. 

For example, an advisor may charge 1% of assets under management. This method of remuneration is transparent and aligns the interests of the advisor with those of the client, as the advisor is incentivized to grow the client’s assets.


In conclusion, using the services of a wealth management advisor is essential for entrepreneurs. They offer a global approach, specialized financial and tax expertise, and act as a long-term partner in achieving financial goals and ensuring the sustainability of wealth.

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