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Solution: Professional Solutions for Professional People
Gregory and Sandy* have made an excellent start on investing for retirement. However, it’s clear that even professionals who are well positioned financially need to have an investment strategy – one that is monitored regularly to ensure it continues to help them meet their goals.

At BMO Nesbitt Burns, an Investment Advisor can work with Gregory and Sandy to establish a clear picture of where they want to be when they retire. Using our proprietary software planning program – BMO Nesbitt Burns Pathfinder® – they can create a retirement analysis that reflects their unique circumstances, anticipated savings, and retirement plans. If the analysis suggests there could be a shortfall between their desired retirement and their ability to maintain it, their Investment Advisor can suggest investment strategies to help eliminate it.

Gregory and Sandy enjoy their lifestyle and envision maintaining it in retirement. They already do a good job of maximizing their RRSP contributions, so their Investment Advisor may suggest other tax-efficient investments that allow them to maximize savings while minimizing taxation.

Another issue, one that Gregory and Sandy know they should address, is the protection of their businesses. Gregory and his partner may want to consider incorporating their practice rather than continuing in a partnership. Additionally, they have a buy-sell agreement but have never put insurance in place to fund a buyout if one becomes necessary. By arranging a meeting with a BMO Nesbitt Burns Estate & Insurance Advisor, their Investment Advisor can introduce them to this and other types of insurance that may be appropriate.

An Investment Advisor can also help Gregory and Sandy make decisions about how their estates are to be divided, given their family situation and that they have no children of their own. Having up-to-date wills and powers of attorney will be an essential element of their overall estate plan.

If you’re a professional and want to ensure that you’re both aware of and addressing investment concerns unique to you, contact a BMO Nesbitt Burns branch near you or complete our simple online request form to have an Investment Advisor contact you directly.

* Fictional characters. Any similarities between them and actual clients of BMO Nesbitt Burns Inc. are accidental.