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.
To develop confident and consistent solutions, to better manage wealth, financial services professionals and their clients must speak a similar language and have a common process and framework for getting results. Your communications with your clients can reach a new level of effectiveness if you both consider the relationship between risk and return from a technical point of view. This understanding will help you get results within your strategic plan.
Using the power of simulations and modelling, students will learn to convey the process behind some of the most powerful financial concepts used by financial advisors to predict and evaluate risk and return:
How to measure different types of returns.
How to measure, interpret and communicate standard deviation.
How the principles of correlation and beta can be used to reduce risk.
How the power of Modern Portfolio Theory and the Capital Asset Pricing Model assists in key asset allocation decisions.
How the Capital Market Line can be used to enhance the risk / return relationship.
How to use different software tools to apply this knowledge in your practice each day.
Portfolio Construction begins with the thorough understanding of the risk profile of the client. Yet, by international standards it is clear that the typical KYC or Asset Allocation Questionnaire is woefully inadequate. The Portfolio Construction Course begins with a thorough analysis of current risk profiling tools and their strengths and weaknesses for both the client and the advisor. Next, the course explores how to evaluate the risk profile of different portfolios, how to evaluate the risk and return features of different types of investments and how the risk profile of these investment are impacted by changes in the business cycle and interest rates. All of these components assist in the ultimate process of designing and implementing the most appropriate portfolio to match the risk profile of the client.
In this course the student will learn to:
Create their own unique Risk Profiling process for their client.
Link, in a quantitative manner, the Client Risk Profile to the Risk Profile of the Portfolio.
Evaluate the Risk and Return profiles of different types of securities.
Explain the impact of interest rates and rate projections on bond prices, stock prices and market performance.
Decompose interest rates into various components.
Demonstrate proven portfolio construction, optimization and follow up strategies.
Effectively communicate risk and return to your client.
Use risk analysis tools, risk models and portfolio construction skills to create optimal portfolios.
Presenting investment recommendations using supporting analysis.
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.
Are you able to advise owners and managers of private business about the best way to manage his or her compensation to maximize the amount of after-tax income available? This course has been designed to do just that. You will get a solid understanding of options available when constructing compensation packages, and understanding of the salary-dividend-bonus mix to maximize tax efficiency for the owner and each family member, and understand constraints imposed by income tax and other laws so you can provide sound advice to the employer or client on compensation planning all year long.
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.
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.
Resident, non-resident – immigration, emigration. How do I plan for the tax consequences? Can you answer questions on these matters for your clients? Advisors who work with affluent clients must be prepared to discuss cross border taxation with a comprehensive general knowledge.
These issues and a Canadian perspective on taxation around cross border transactions are addressed in Cross Border Taxation. As technology and labour force mobility makes it possible for people and businesses to operate globally, cross border taxation issues become critical for employment, entrepreneurship or asset ownership, as does the issue of residency.
John Mill, cross border expert, lawyer and Knowledge Bureau faculty member, has recently updated this course with the most current information and featuring current case studies.
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.
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