Driven by the notion of what is best for you, we build custom solutions that integrate the financial needs of individuals, their families and corporate clients. As your advocate, we take the time to deeply understand your goals and values and then develop strategies to help protect, preserve and grow your wealth.
When you work with Balanced Financial Services, you will learn that our process begins with a conversation. We start with an understanding of your life goals, risk management and investment objectives, and financial responsibilities. Then, in collaboration with you, we help to make specific recommendations and observations to help achieve your life goals.
For your corporate clients, we deploy a similar consultative approach. We listen before we speak and understand before we advise. Only after we have a full understanding of your goals and objectives will we offer advice on a full spectrum of employee health and retirement benefit programs.
Additionally, for our corporate clients we design voluntary benefit solutions. This program helps protect senior executives by filling the coverage gaps of the standard benefit program and helps protect their income stream in case of an extended illness or injury.
Armed with decades of experience, we have access to a broad range of financial solutions to assist you:
PERSONALIZED FINANCIAL COUNSELLING
- Specifically design a seminar (or series of seminars) to the needs and interest of the group.
- Review of current benefits
- Cover four areas of Financial Planning
- Tax Planning
- Investment Planning
- Retirement Planning
- Estate Planning
- Review the 6-steps of the financial planning process
- Group meetings, or one on one sessions
- Seminars or individual sessions
- Income Splitting
- Tax Deferment
- Section 85/86 Rollovers
- Life Insurance
- Disability Insurance
- Long-Term Care Insurance
- Analysis of existing policies
- Determine Risk Tolerance
- Develop Appropriate Asset Allocation
- Tax Efficiency
- Monitoring & Periodic Review
Pre-retirement / Early retirement counselling
- Psychological Impact
- Income Requirements
- Pension & RSP Analysis
- Government Programs
- Will Review
- Minimize Probate fees and Taxes
- Estate Freezes
Comprehensive Financial Plan
As a business owner, you may consider the benefits of taking advice from fellow business owners who carry the same ethics, values, and accomplishments that you do. Like you, the partners behind Balanced Financial Services invested the time and effort to create a successful and lasting practice. For that reason, you can trust that our advice regarding your business’s finances is valid, and rely on the knowledge and tools we have to offer.
We know firsthand that starting a business isn’t easy. At Balanced Financial Services, we understand not only the passion that it takes to lift a company off the ground, but the trials and sacrifices every business owner has to make on the road to maturity. Anyone who knows success also knows that those early years are both pivotal and trying, but well worth it after that first savory taste of success.
Now that you’ve made it, and now that your investment has become your income, what do you do to protect it against taxes? Against liabilities? How do you use your profits to your advantage in order to build a secure retirement fund?
We work with you to help protect what you’ve built and get the most out of your venture. With our sophisticated financial strategies, you may be able to zero out your tax liabilities, promote the continued growth of your business, and
preserve the wealth you’ve worked so hard to earn. As your reliable consultants, we can lift those responsibilities off your shoulders so you can continue focusing on what you do well: being a great business owner.
Balanced Financial Services has created a unique package of services specifically designed to reduce tax, improve cash flow and enhance shareholder value.
- Review current benefit programs
- Cash Flow Analysis
- Succession Planning
- $400,000 capital gain exemption
- Buy-Sell Agreement – Analysis
- Key Person Insurance
- Split Dollar Arrangements
- Personnel Replacement Provision
- Estate Freeze
- Management Services
- Shareholder’s Agreement Review
- Basic (carve-out) AD&D
- Group Voluntary Accident Insurance
- Business Travel Accident
- Special Events Coverage
- Special Risk Needs
SHAREHOLDERS / KEY EMPLOYEES
Listed below are various ways to transfer money from the company to the individual, which is deductible for the company but not taxable to the individual.
Non-taxable Benefits Taxable Benefits
- Group extended Health, Dental, LTD
- Profit sharing plans
- Leave of Absence Plans
- Mortgage Discount Programs
- Retiring Allowances
- Retirement Compensation (RCA)
- Individual Top-ups and Carve-outs
- Office Overhead Expense
- Insured retirement Programs
- Comprehensive Financial Plans (see Personal Planning section for further details)
- Savings Plans (non-registered)