Portfolios today must be more dynamic - flexible enough to adapt to rapidly changing markets - and more diverse than ever before. The new diversification can bridge the differences among asset classes, global markets, investment styles and time horizons, as well as types of risk. Studies show that asset allocation has a greater impact on investment returns than an ability to time markets or pick stocks.
J. H. Smith Retirement Planning is an advice-only financial planning, investment consulting, retirement planning and tax (corporate & personal) services firm located in Edmonton, AB., but with a routine presence in Toronto, Ontario. Depending on your level of comfort, we are able to render our services in person or via the net.
After initially, commencing a career in the securities industry with Davidson Partners Investment Dealers, in Toronto, we recognized the market need for a conflict free fee based Retirement and Tax planning service comprised of inhouse technical analysis of the capital markets. Our mandate, is further enhanced by maintaining current on the capital markets' and taxation knowledge base.
" Advice-only" means we provide professional advice on an hourly or retainer basis. Our compensation is not tied to financial products, referrals or the value of your assets.
- Our approach is designed to help you feel secure in fully disclosing your financial affairs so that we can provide you with the comprehensive advice that results in good financial decisions.
- Our objectivity means that we face no restrictions or conflicts of interest in the choice of financial solutions for you. We are not trying to sell you a product or a mortgage so we aren't framing your retirement plan around our products.
- More importantly we are bound by a strict code of ethics and standards of performance and your personal financial information is not shared unlike it is when dealing with financial institutions. A typical financial institution will want to share your information. In keeping with this please read the attached PDF file “What makes CFP Certification Trustworthy?”
Moving from a P&L to a Portfolio:
Advice for Business Owners
The owner of a closely held business is selling his means of livelihood and more—the configuration of his financial portfolio: He’ll have to make the transition from relying on business earnings to living offthe pool of liquid investments generated by the sale. Many business owners see this trade-off as inherently risky.
A key question in planning for a business sale is whether the owner receives “enough” for the business, which depends on the owner’s needs and goals, how much the business generates in earnings, and how much the market is willing to pay for those earnings.
Another question is whether the seller should consummate the deal before taxes are scheduled to go up.
Each owner needs a touchstone for deciding whether to sell, and one metric is that the proceeds be at least enough to provide for the owner’s lifetime spending needs adjusted for inflation (the so-called core-capital requirement).
Of the three burdens - taxes, MERs and inflation - taxes represent the biggest impediment to wealth accumulation. All investors should be aware of the tax consequences of each security they buy or sell.
The aim of tax-aware investors is to minimize the amount and control the timing of taxes realized.
The mandate of proper financial planning, whether for a business or an individual, is to avoid the same financial calamity that the Harvard University Endowment fund experienced in 2008/2009. We would be pleased to speak or meet with you to determine if our services are suited to your specific need(s).
