The CK Wealth Management Process

 

We understand that talking about your finances can feel uncomfortable. It can also feel overwhelming with the amount of financial, tax, market and regulatory information available. To simplify the process, we have developed a step-by-step process. 

 
 
 
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Step 1: Discovery 

We believe everyone's life journey influences their values, beliefs and philosophies. We need to understand you and the purpose of your wealth.  

Only then can we develop a plan that reflects your personality, your comfort with risk and volatility, and that puts you on a path to reaching and achieving your life's goals. 

Our initial discovery meeting allows you to get to know us and ask us the most relevant questions to ensure that you and your family are both comfortable and confident in working with us.

 
 
 
 
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Step 2: The Wealth Management Blueprint

Once we have a solid understanding of your personal goals, the next step is to create a blueprint to reach those goals. Our Wealth Management Blueprint considers four key areas:

Structure – Taxes can have a significant impact on the creation of wealth.  While most financial advisors focus primarily on investment returns, our priority is to make sure you create a foundation that will maximize after-tax returns. Our Wealth Management Blueprint starts by creating the right structure (Operating Companies, Holding Companies, Trusts and Registered Accounts) before committing to any investment decisions.

Wealth Enhancement – We identify the goals and objectives you wish to achieve. We create a portfolio that considers your tolerance for risk, comfort with volatility, time horizon and investment objectives.

Wealth Protection – We look to protect your family and its assets’. We develop contingency plans for unexpected circumstances that may interrupt the family's income earning capabilities, ultimately protecting your Blueprint.

Wealth Transfer – We help you develop a strategy to transfer wealth based on your wishes. Through generational or charitable transfer, we ensure the proper structure (Trusts, Estates & Corporations) to maximize the transfer of wealth and minimize the estate tax.

 
 
 
 
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Step 3: Execute and Manage the Plan 

We discuss our mutual commitment to achieving your desired goals. We talk about service standards, fee disclosure and options, and your commitment to the process.

Once a year, unless there has been a significant life event requiring an immediate review, we meet to discuss and review:

  • your current plan relative to last year and to agree on the path moving forward

  • your investments, for any potential changes or opportunities, a look at past returns relative to your plan’s need, an ongoing understanding of all fees and a look at any upcoming cash flow needs

  • your current tax structure and any existing tax strategies, to see if any changes are required or could enhance the plan

  • your insurance, to ensure that you understand and are comfortable with the existing costs and coverages, to review any potential shortfalls and to discuss the idea of permanent plans that relate to your estate planning desires