The Haskings Team - Business Owners and Professionals

By: Haskings Financial  09-12-2011
Keywords: management services, Financial Planning, Disability Insurance

Services for Business Owners and Professionals
Small business owners and professionals face unique financial challenges, as their personal and business situations are closely linked and their personal success depends heavily on the economic viability and success of the business. Our team has specialized expertise and services to help small business owners and professionals plan and coordinate their financial affairs for maximum results.

Executive Financial Planning Service

Many small business owners retain our team to act as personal wealth managers to the executive staff as part of the overall benefits program. Owners recognize the value of using specialists who understand small businesses to advise executives on all aspects of their financial plan, including tax, estate, retirement and investment planning.

Executive Money Management Services

Executives and business owners are generally so busy running their businesses that they don’t have the time or resources to properly manage their personal portfolios. Based on a personal assessment, our team can offer you a full and unbiased money management and portfolio service tailored to your risk tolerance, time horizon and investment objectives.

Retirement Compensation Arrangements (RCAs) and Individual Pension Plans (IPPs)

Business owners and executives have a unique opportunity to increase their contributions to a retirement program beyond regular RSPs. In addition to enhancing tax-efficient retirement savings for executives, these programs allow for increased tax deductions to the corporation. We can help you explore whether a RCA or an IPP may be right for your company.

Buy/Sell Agreements

In corporations and small businesses where there are partnership arrangements, the principals should consider developing a fully funded buy/sell agreement. Our team can assess your current buy/sell arrangements and make recommendations on the best funding vehicles in the event of a death, critical illness or long-term disability of any principal.

Disability Insurance Carve Outs

For many executives and business owners, the disability insurance coverage provided by the company group plan may be inadequate, in part due to plan restrictions. Our team can assess your current group insurance plan and make recommendations regarding available options to increase protection for executives on a tax-effective basis.

“Key Person” Insurance

Most businesses have a few “key people” who play a critical role in delivering results for the company. In the event of the death, critical illness or long-term disability of such a key person, there could be significant financial repercussions. Many businesses rely on our team to assess the potential risks involved and recommend contingency plans to mitigate damage.

Succession Planning Services

Small businesses and corporations that are tightly held by a few individuals need to plan for the succession and continued success of the business they have worked so hard to build. There are many factors to consider when creating a succession plan, especially taxation of the assets on transfer and methods for funding the purchase by the buyer of the business. Our team can work with your other professionals to help formulate a succession plan and address each issue relating to that plan.

Cash and Credit Management Services

We can also provide you and your employees with cash and credit management services. This program gives executives and employees access to some of the best in savings accounts, lines of credit, mortgages, GICs and many other banking services. Our team will map out a full lending and saving plan for each client to lower borrowing costs and increase savings rates.

Keywords: Compensation Arrangements, Disability Insurance, Financial Planning, management services, money management, Retirement Compensation, Wealth Managers,

Other products and services from Haskings Financial


The Haskings Team - Corporate Clients

Group RRSP Investment Research Service Recognizing the benefits to both employees and the corporation, more companies are establishing group RRSPs or looking for ways to improve them with stronger investments and more capable money managers. With an understanding of key investment principles and considerations, employees can make better financial decisions to save and invest for their futures, with a positive impact on the corporation as well.


The Haskings Team - Pre-Retirees and Retirees

Cash and Credit Management Services - Our team has developed a program which enables you access to some of the best in savings accounts, lines of credit, mortgages, GICs and many other banking services. Our team can help you determine the most effective strategies for donating assets to charities that have a place in your heart, including some strategies you can implement now for immediate benefits.


The Haskings Team - High Net Worth Individuals

Because IPC does not use “in-house” managers, our team is uniquely positioned to find the most suitable specialists in the industry to manage your portfolio. Our team can help you develop an estate plan to protect you and your family, reduce stress and minimize the tax on capital assets left to your heirs. With higher levels of wealth come more complex financial planning requirements and the need for more sophisticated solutions and expertise.


The Haskings Team - Early to Mid-Career Families

Cash and Credit Management Services To help you minimize the cost of borrowing and accelerate your savings, we have established a program that gives you access to some of the best available rates for mortgages, lines of credit, savings accounts, GICs and other banking services.


The Haskings Team - Tailoring our Services to Your Needs

Disability insurance is a form of insurance that protects the beneficiary’s earned income against the risk that disability will make working impossible. Critical illness insurance is a form of health insurance that provides a lump-sum payment should you become seriously ill. Learn more about the special set of services we provide. Income replacement and debt protection.