“Shirtsleeves to shirtsleeves in three generations” is the cautionary warning used to describe the propensity for family-owned businesses (FOB) to fail by the third generation. Unfortunately, the numbers give credence to the warning:
- 70% of FOBs fail or are sold before the second generation takes over
- Only 10% continue as active, privately held companies that successfully transition to the third generation
- And only 16% of family businesses have a documented succession plan in place
Boomers will inherit approximately $750-billion over the next decade.
Wealth invites new considerations and new challenges. CIBC says there are currently about 2.5 million Canadians over the age of 75 with a total net worth of $900-billion or more and the beneficiaries will be mainly Canadians currently aged between 50 and 75 years.* Stewardship of family assets and inheritance requires an informed approach that also helps to maintain family harmony. We can help educate family members on the responsibilities and opportunities of significant wealth, and help manage expectations.
*Globe and Mail, June 6, 2016Request a Callback
Serving the Interests of Affluent Families
Your wealth plan builds on your financial blueprint and investment management strategy to incorporate additional services and targeted advice that reflects the integrated and often complex relationship between your business and personal wealth.
We understand that these new complexities can be both time consuming and stressful. We direct our efforts to ensure clients are able to enjoy the lifestyle they desire and are confident that a comprehensive wealth plan is at work every day to build and protect assets. Your wealth plan builds on your financial blueprint and investment management strategy to incorporate additional services and targeted advice that reflects the integrated and often complex relationship between your business and personal wealth. We consider the broad implications that include inter-generational wealth transfer, business ownership, and all related tax and insurance implications. Understanding the big picture and monitoring the day-to-day coordination and delivery of integrated solutions is where our expertise lies, liberating you to focus on what matters most – your family, your business and enjoying the lifestyle you have earned.
Our seamless wealth management solution includes:
- Coordination of all your advisors through a single office
- Comprehensive wealth management that plans for today, tomorrow and for what you will leave behind
Integrated Wealth Management Solutions
Slater Financial Group clients have access to a suite of investment and family office services that cater to the unique needs of high-net-worth families.
Private Banking Services & Trust Services ︾
- Full-Service Private Banking
- Deposit Accounts for personal or business liquidity needs that earn attractive interest rates with convenient and flexible online and mobile banking, with no-charge ATM use.
- Residential Real Estate financing for primary residence or vacation properties. Marketable Secured Line of Credit providing you with liquidity for either planned purchases or unforeseen, opportunistic events — allowing you to carry less cash on your personal balance sheet and avoid unplanned liquidations of investments.
- Tailored Lending to provide you financing for your next purchase and the ability to leverage illiquid assets, such as business interests
- Bespoke Lending
- Cash and Liquidity Management
- Will and Trust Services
Investment Management ︾
Wealth Strategies ︾
- Discover Analysis and Best Practices
- Corporate and Personal Tax Integration and Advisory
- Estate Planning and Preservation
- Insurance Counsel
- Cross-Border Strategies
Business Advisory Services ︾
- Business Valuation
- Business Transition Planning
- Mid-Market Investment Banking
- The Family Business
- Family Dynamics in the Family Business
- Family Governance – Our FEA training helps bring guidance and expertise to professionalize governance and build understanding, awareness and preparedness with the next generation to create a pathway towards a successful transition. Click on the above link to access the Credit Suisse whitepaper which does an impressive job of highlighting many of the governance structures available and how they help professionalize and improve communication and trust.
Concierge Services ︾
- CIBC Private Lifestyle Concierge Services
- Wide range of services from booking reservations at top restaurants, accessing tickets to a broad array of events, planning your vacations and so much more.
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Family harmony should not be a casualty of significant wealth.
Family is never far from your thoughts or ours and family harmony should not be a casualty of significant wealth. Our experience guiding the next generation to effectively shoulder tomorrow’s financial responsibilities helps to relieve you of the burden of managing expectations and helps to ensure that your legacy is fulfilled.
Helping children communicate more effectively and achieve their potential
We continually build our network of experts to meet the evolving needs of affluent families. A new addition, and one that is proving invaluable to improve family communication and harmony, is a methodology that helps parents tap into each child’s unique way of communicating and behaviours. This methodology can help improve overall communication within the family and gives parents special tools to help guide their children to become aware of their talents, gain a better understanding of how to create their own solutions, kindle leadership skills and reduce stress.
Family Governance Whitepaper: Our FEA training helps bring guidance and expertise to professionalize governance and build understanding, awareness and preparedness with the next generation to create a pathway towards a successful transition. Click on the above link to access the Credit Suisse whitepaper which does an impressive job of highlighting many of the governance structures available and how they help professionalize and improve communication and trust.Request a Callback
Meet the team
Our group are all experts in their field and offer best-in-class advice that is seamlessly integrated to give you a holistic view of your financial plan and future.
Vice-President, Portfolio Manager
CIMA, CIM, B.B.A.
email@example.com | 416-594-8835
Coming from a family of entrepreneurs, Mark possesses a unique perspective on the more complex wealth management concerns of business owners and self-employed professionals. Mark's ability to stay focused on long-term objectives while mastering a myriad of details stems from his early training as a commercial pilot. Even in the most difficult circumstances he remains disciplined and objective, calm and determined.
Mark has earned a number of professional designations including the Chartered Investment Manager (CIM); the Fellowship of the Canadian Securities Institute; Personal Financial Planner (PFP); and the Wharton School of Business' Certified Investment Manager Analyst (CIMA).
Mark is a strong advocate for a number of local causes, including the United Way and Run for the Cure. He was a founding board member of Urban Squash Toronto, the first national Canadian charity focused on promoting squash and education for at risk youth.
Mark and his wife, Veronica, have also established a charitable foundation using a donor-advised fund to support many of their charitable initiatives.
Mark and Veronica live with their four children in Toronto. Mark endeavours to keep pace with his children biking, running and playing soccer.
Managing Director, Tax & Estate Planning
firstname.lastname@example.org | 416-980-8558
Jamie is Managing Director, Tax and Estate Planning at CIBC Private Wealth Management, where he works closely with advisors and clients from CIBC Private Wealth Management, Wood Gundy, Imperial Service and other CIBC partners to deliver integrated financial planning and strong advisory solutions. He joined the firm in 2008 after 12 years with an international investment company. Jamie previously worked for Deloitte and Touche as a tax specialist in the Toronto office, specializing in both personal and corporate tax planning.
Jamie received his B.Comm. from McGill University, earned his Chartered Accountant designation in Ontario and qualified as a U.S. Certified Public Accountant in Illinois. He has also obtained his Certified Financial Planning (CFP) and Chartered Life Underwriting (CLU) designations.
Managing Director, Business Transition Planning and Trust Services
CIBC Private Wealth Management
email@example.com | 416-980-2111
The Managing Director of Business Transition Planning and Trust Services with CIBC Private Wealth Management, Sean joined CIBC from another major Canadian financial institution, where he was Vice President, Succession Planning. Previously, Sean was the Head of the Estate and Trust department at a mid-sized Toronto law firm.
Sean is an Estate and Trust lawyer and has worked with business owners for over 20 years. As CIBC Private Wealth Management's expert on Business Transition Planning, he works with advisors from CIBC Mid-Market Investment Banking, CIBC Wood Gundy, Commercial and Business Banking and other CIBC teams to help business owners plan for the transition of their company in a more rational and business-like manner. He provides advice on market values for private companies, as well as the optimal tax and legal structure for businesses in transition.
Sean is also the co-author of Succession Stories from the Front Line. A graduate of the University of Toronto, he attained his LL.B. from the University of Ottawa in 1985 and was called to the Bar of Ontario in 1987. He is a former Director of St. Joseph's Health Centre Foundation. Sean is a member of the Law Society of Upper Canada.
First Vice-President, Estate Planning Specialist
B.A., LL.B., CLU, TEP
firstname.lastname@example.org | 416-956-3782
Jay came to the financial industry in 2002 from practicing law, where he focused on corporate tax planning including restructurings and reorganizations, personal tax planning and implementation of tax-related transactions, tax litigation, and tax related dispute resolution. In 2000-2001, Jay spent the year with the Tax Policy branch of the Federal Department of Finance in Ottawa, working to improve the efficiency of Canada’s taxation system in the Capital Gains and Foreign Income Section.
Jay focus is on tax and estate planning, working to find tax efficient estate and insurance solutions.
Financial Planning Specialist
email@example.com | 416-586-7047
Alexandre is a Financial Planning Specialist with over six years of industry experience. He has worked as a Senior Financial Advisor, providing customized financial planning services for a portfolio of affluent clients. He currently creates comprehensive and customized plans for a variety of high net-worth clients, and he is committed to assisting clients achieve both personal and business financial goals.
As part of his process, Alexandre incorporates other specialists, such as our Estate Planning Specialist, to address specific requirements and identify opportunities within the plan. Alexandre holds a Bachelor of Commerce from McMaster University as well as the Personal Financial Planner (PFP) and Charter Investment Manager (CIM®) designations.
firstname.lastname@example.org | 416-369-8481
Jennifer joined the financial services industry in 1992 and has held various positions in financial planning, private investment counsel and private banking. Jennifer uses her knowledge and experience to help affluent Canadian families achieve their financial goals and enjoy peace of mind. As a Wealth Advisor, Jennifer takes an in-depth approach to understand your unique situation and provides a formal recommendation to optimize how your financial affairs are structured with specific emphasis on tax optimization, wills, estate and trust planning. She will collaborate with your team of professional advisors, including your accountant and lawyer, to gain insight into your situation and objectives, and facilitate the smooth implementation of any recommended strategies. Jennifer received her Bachelor of Arts from Carleton University in 2000, and has earned several industry designations. She earned the Certified Financial Planner (CFP®) designation in 2002 and the Financial Management Advisor (FMA) designation in 2005.
Associate Investment Advisor
email@example.com | 416-594-8884
Jeannie holds a Bachelor of Arts degree from University of Toronto in Economics and has earned the Certified Financial Analyst Charterholder designation. She is a licensed Registered Representative with CIBC Wood Gundy and has worked with the Slater Financial Group since 2003. Her primary focus is the daily monitoring and rebalancing of client portfolios. Jeannie provides clients with comprehensive portfolio reviews and tax reporting. Questions about your portfolio? Call Jeannie – she’s always happy to speak with our clients. In addition, Jeannie is also the team leader and mentor to the other members.
firstname.lastname@example.org | 416-594-8879
Hamed graduated from the University of Ottawa with an Honours Bachelor of Commerce degree in Finance. He is a licensed Registered Representative and has worked with the Slater Financial Group since 2013. Hamed is responsible for implementing client investment strategies and provides critical support across the team with reporting, research and analysis. Hamed also works with our younger clients, coaching them on basic financial literacy and helping them establish their own financial and savings programs.
Hamed is a 2016 Level II Candidate in the CFA Program.
Financial Associate, CFP, CIM, FMA, FCSI
Sandy.email@example.com | 416-980-6960
Sandy graduated from Concordia University, Montreal with a Bachelor of Commerce, major in Finance. She is a licensed Registered Representative and has worked at CIBC Wood Gundy since 1993 and with the Slater Financial Group since 2016.
Sandy will likely be the first person you speak with when calling into our office and is responsible for all administrative requests including, scheduling meetings, preparing account documentation and handling cash transfers.
firstname.lastname@example.org | 416-542-4970
Josh graduated with his Honours in Business Management from Humber College. Josh will likely be the first person you speak with when calling into our office and will be working with Sandy to handle administrative requests for clients, including scheduling client meetings, cash transfer requests and client documentation.
Senior Manager Trust and Estate
email@example.com | 416-861-3107
Kerry has been working in the Trust sector since 2008. Kerry and her team at CIBC Trust realize the importance of knowing your family and/or business is taken care of financially, according to your wishes. For complex trust administration issues, she and her team draw on the expertise of CIBC partners and can act as an objective third-party to help you manage family and beneficiary relationships. Effectively administering a trust or acting as an attorney can require time and an understanding of investments and taxes. She and her team have the expertise to execute or assist others to execute that role effectively and efficiently.
Please get in touch in any of the following ways:
|Address:||333 Bay St, 28th Flr, |
Bay Adelaide Centre West
Toronto, ON M5H 2R2