Philosophy
Financial Planning is often a multigenerational process, meaning it may have implications for the entirety of your Estate. The Fainer Wealth Group has provided prominent Canadian families with holistic Financial Management for decades, and can assist clients with matters such as retirement planning, the management of inheritance funds, the execution of wealth transfers between generations, and much more, for you and yours.
As a family-run business, the Fainer Wealth Group gets to know you, your family, and the needs of both. Such an approach enables our team of Financial Planning experts to ensure that the optimal financial decisions are being made.
While it will inevitably fluctuate, and adjust, over time, one’s detailed Financial Plan acts as a road map for their path to retirement. An in-depth conversation of net worth, income projections, life expenditures, career aspirations, and topics alike, will pave the way forward and offer peace of mind. The sooner one starts is the earlier one will have the guidance needed to eventually achieve retirement.
Determining, and adopting, a disciplined savings strategy may not come naturally. Our Financial Planners expertly determine how much a client should ideally be saving, and investing, given their circumstances, whilst also teaching them how to stick with it. We prioritize getting to know each client, so as to provide them with a plan that’s built for success.
Here lies one of the lesser-known, but most significant advantages of working with an expert Financial Planner: having a professional who understands the intricacies of tax planning and its direct implications on one’s tax returns. This analysis determines which account-types are most appropriate for a client’s specific tax situation, and how to go about the portfolio’s management. Fluent in working within the confines of one or many legal structures (i.e. formal trusts and/or Hold Cos), the Fainer Wealth Group ensures that a client is positioned in such a way to both minimize and defer taxes. Much of the time, this process involves having a good working relationship with other professionals mutually servicing our clients. When appropriate, the Fainer Wealth Group will work with their clients’ trusted accountants and lawyers.
Whether a client’s will is current, or outdated, the Fainer Wealth Group will go through all supporting documentation to ensure that the client’s understanding of what his/her will actually says corresponds with what it should. More often than not, this exercise exposes inconsistencies needing amendment. While the Fainer Wealth Group does not have the legal authority to act upon a will or mandate, it will work alongside the client’s notary to achieve what is expected.
Retirement planning does not simply end, upon retirement. Thereafter, important matters such as future wealth transfers, and legacy gifts, must be discussed, if applicable. At such point, one’s retirement plan truly comes full-circle, as your legacy will then have a dollar-amount of funds off which to base their own financial plan.