This course is designed in a practical format and will help an advisor become a valuable resource to their clients in the succession planning process. Key concepts include understanding the importance of succession planning for the business and key positions within the business; role and financial issues, from both the business leader and successor perspective; succession plan implementation; addressing the impact of succession on employees and the business as a whole; and succession of the business to third parties.
This course is designed in a practical format and will help an advisor become a valuable resource to their clients when considering business valuation issues. Key concepts include understanding the notion of value, company specific and market based approaches for estimating value, the key stages of the business transaction process, value and investment transactions, and the implications of financial performance on value.
At some time in the life cycle of a business, the owner/manager must deal with the sale or succession of the business. In Accounting for Business Transitions, you will receive a working understanding of the business issues involved in these situations and be familiar with the financial information the owner/manager typically requires in making business decisions during a sale or transfer of the business.
Bring added value to your business and clients with this specialized information. You will make yourself a critical member of the team during such a transition as you are charged with the important responsibility of gathering information for the purposes of a sale or acquisition—often under stressful conditions—to enhance the opportunity to maximize equity or minimize loss.
Canadians are becoming more philanthropic; giving more every year to causes that are important to them, but there is today a major change in the world of philanthropy—people want to be in control of how they give. They are holding the organizations accountable for the money and want to see how it is managed. They’re becoming far more demanding in wanting to maximize the impact of their donations. This course is to assist financial advisors who want to ensure their clients’ gifts complement their overall wealth management strategy in a tax-effective manner.
It is widely accepted that 7 in 10 family businesses do not succeed to the next generation; this despite the fact that there are an unlimited amount of resources available today that can help families avoid these statistics. The "distinguished advisor" must take a leadership role in quarterbacking this process. Help your clients beat the odds for succession success by better understanding the planning process now!
In this course the student will learn:
How to create an integrated, multi-generational client engagement document and engage this process with your client.
How to create an integrated, multi-generational plan that includes the synergies between the retirement plan, estate plan, tax strategy, business transition plan and the investment strategy.
How to set "distinguished advisor benchmarks" for the planning work completed with the client.
How to recognize the roadblocks to implementation before they occur.
How to develop and quarterback an advisor team.
How to charge fees for your guidance and expertise.
How to market to your business owner clients in a value added manner.
How to maximize your value to the client, while spotting additional sales opportunities.
You need to know the pros and cons of all possible solutions for wealth and succession planning. Planning with trusts is becoming more and more common, and if you can’t answer questions and explain the concept, your clients will find someone who can.
This course will provide you with a well-rounded knowledge to nail down a long-term, potentially intergenerational connection to the client and their family with the ability to lead probing questions and connect with the right professionals who can facilitate the right estate planning solutions.
Every financial advisor who discusses tax, financial or investment plans with clients should have a basic understanding of the taxation of trusts in order to discuss estate planning options with clients. This course provides a detailed primer in the subject area featuring common true to life scenarios.
This course features a two-pronged approach to instruction on the subject:
Part 1 brings advanced technical expertise to the discussion of taxation at death and facilitates the setting of investment product objectives around the ultimate tax saving opportunity: the tax efficiency of one's financial legacy.
Part 2 instructs the student on technical knowledge required to prepare a final return for the deceased.
Small business forms the backbone of the Canadian economy, yet only a minority of businesses successfully pass to new owners. Sophisticated strategies are needed to ensure greater success in the transition of business ownership.
This program will consider the vital role that life insurance can play in providing for the successful transition of a business on a business owner's death. It will consider this question from two perspectives:
the individual who intends to pass his or her interest in a business to other family members (such as children) and
the business owner whose interest in a business will pass to someone outside the family.
Unique insurance solutions applicable to each type of business owner will be addressed.
This leading edge program is designed to provide structure and process for those interested in tax efficient retirement income planning. This coursecovers a holistic retirement income planning process which will result in the student acquiring the skills to do the following:
Understand retirement readiness planning for lifestyle objectives.
Understand recent tax changes relating to personal, corporate and trust taxation, pertinent to the creation of tax-efficient retirement income planning
Use an assessment tool around which to structure pre- and post-tax retirement income needs and discuss ongoing results: the Net Worth Statement
Establish a long term strategic “real wealth management plan” based on needs for tax efficient income as well as after-tax capital preservation, growth and transition;
Establish action plans for a long term tax efficient retirement income planning approach around the specific phases of retirement
Work with structures specific to planning for business owners including the distribution of funds from an operating company, holding company and family trusts in developing retirement income plans
Understand specific retirement income planning approaches for executives.
In addition, tax efficient strategic philanthropy will be introduced.
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