Wealth Planning & Investment Services In Canada

With a strong focus on wealth planning and investment services, Nour Private Wealth (NPW) stands out by employing a collaborative team approach to secure your prosperous financial future. Our objective is to deliver personalized and comprehensive solutions tailored to your specific needs, encompassing investment goals, risk tolerance, tax exposure, estate options, and legal considerations.

Although markets rise and fall, our investment strategy ensures you are prepared for any situation. We design portfolios based on your investment objectives, keeping in mind your risk tolerance and cash flow requirements at the same time. Our investment philosophy at NPW is based on the idea that diversification can reduce risk and potentially increase returns. Our team will continuously monitor your portfolio, making adjustments when necessary.

We recognize that the longevity of any wealth plan is finite, and numerous factors can impact your financial security when it comes to wealth planning. Market conditions, interest rates, tax, and estate laws, are periodically changing, which is why, through frequent client interactions, we prioritize bringing you timely information relating to anything that could potentially affect your wealth plan.

Personal circumstances, which are also frequently in flux, can have a significant consequence on your finances. In order to safeguard the financial well-being of our clients, we understand the significance of preserving their wealth amidst career transitions, marriage, retirement, the arrival of a new family member, or unfortunate loss. This is precisely why we stay abreast of the various milestones in your life, ensuring that all these changes are seamlessly integrated into your personalized wealth planning services.

NPW Wealth Advisors can help you with the following wealth planning services:

Retirement Planning

We all deserve to look forward to our retirement. But to ensure your retirement is comfortable, you need to implement effective retirement planning strategies throughout your life.

Understanding and managing the financial implications of your retirement is one of the most complex economic challenges you will ever face. That is why NPW’s retirement planning services are designed to make the process easier for you and your family.

Our financial analysis begins with analyzing the structure of your retirement savings (registered versus non-registered), projecting your retirement income, and finally, advising you on the tax ramifications of your situation.

The results of this analysis will allow us to:

• Recommend strategies that best suit your income tax, investment, estate, and cash flow planning situations.
• Provide you with a retirement lifestyle analysis that will incorporate your sources of income, required and potential spending needs, various economic scenarios, and tax considerations into a long-term cash flow plan.
• Determine elections for your retirement plans, including lump-sum payouts versus annuities and joint survivor versus single-life distribution arrangements.

Generating sufficient retirement income requires careful planning with the help of seasoned financial experts. The aim is to ensure that your money grows at a rate that exceeds inflation. It starts with taking stock of what you have, and setting a plan in place as to when, where and how you want to retire. Careful planning and investment services provide the key to ensuring that you have enough money set aside to enjoy a comfortable retirement.

Estate Planning

Many people prefer not to think about their mortality. The thought of dying can be daunting, which is why the task of estate planning often falls into the background of someone’s overall financial planning.

Estate planning is the process of arranging and managing your assets and financing so that, after you die, your estate can be transferred according to your wishes. Your estate planning strategy may include preparations for the direct transfer of wealth to designated heirs, as per your specifications, as well as the establishment of trusts to protect your wealth on your beneficiaries’ behalf.

An estate plan is more than a will, but your last will and testament is at the heart of it. A will is a document that directs the distribution of your estate. It is important to update your will regularly, especially at crucial stages of your life. These stages may include marriage, divorce, births, deaths, as well as increases and decreases in your overall asset base. NPW’s wealth advisors will be able to advise you on how to draw up your will and allocate assets within it.

There are several factors to consider when drafting your will. It is best to keep things as simple as possible. The matter of specific inheritances, i.e. your particular wishes about what assets should go to whom, is one of the main issues that people focus on when creating a will, but other important considerations include maintenance and alimony, business success plans and charity donations. There are also some costs that you will need to provide for. These include executor fees, taxes and duties, claims against your estate, conveyancing fees and insurance. 

The estate planning process encompasses numerous aspects relating to carrying out your wishes after you pass, including legal documentation (such as Power of Attorney and a Will) and preparations for your family. If you become incapacitated due to injury or illness, your Power of Attorney, or Living Will, outlines provisions for managing your finances and medical care.

By creating an estate plan, you have peace of mind knowing that your lifetime’s worth of accumulated assets will be distributed according to your wishes. After a lifetime of diligent investing, proper estate planning will ensure all the hard work you put into building your estate does not go to waste. Our strategy will take care of your needs and eventually pass on your legacy to the next generation.

Proper estate planning requires careful attention to your changing circumstances to ensure your wishes are fulfilled. Elements to be considered in your estate plan include investment planning, taxation, wills and mandates, special conditions, living wills, and trusts.

Tax Planning Services

Tax planning is essential for individuals and families looking to plan their finances in the most tax-efficient manner. In addition, tax planning allows taxpayers to minimize their tax liability by using various tax exemptions, deductions, and benefits. In other words, it is a cumulative effect of different income tax planning techniques, such as income splitting, Registered Retirement Savings Plan (RRSP) contributions, and private pension options.

Many Canadians are not aware of the strategies they can use to plan their taxes, or of the exemptions, deductions and benefits they may have at their disposal to lower the amount of tax they owe. This is why it is so important to get the help of a tax professional like the wealth advisors at NPW. For example, the owner of a small business may use income splitting – dividing revenue among family members – in order to reduce the overall tax liability. Other tactics include contributions to Registered Education Savings Plan (RESP), Tax-Free Savings Accounts (TFSA) and RRSP meltdowns. Your tax advisor will be able to identify the best tax planning measures at your disposal and help you to implement them as part of your overall financial management approach.

There are three different types of tax planning: purposive, permissive and long-range and short-range tax planning. NPW tax planning advisors often use a combination of these approaches. 

Your tax strategies play a significant role in your overall wealth plan. This is why utilizing the tax planning services of wealth management experts at NPW is essential not only in ensuring your financial stability but also in maximizing the after-tax legacy you leave to your estate. At NPW, we regularly review the impact tax may have on your retirement accounts and non-registered portfolio holdings.

NPW Wealth Advisors have many collective years of experience in helping our clients to prepare for the future, grow their wealth, minimize their tax liability, maximize the returns on their investments, and ensure that their wealth is transferred to their designated beneficiaries. We understand that each client’s needs are different, and we tailor solutions to suit each one. If it is your priority to secure your family’s wealth throughout your lifetime and beyond, start working with one of our wealth advisors as soon as possible.

Contact us today to learn more about how NPW Wealth Advisors can help you and your family benefit from our wealth planning services.