What We Do: Clarifying Your Complete Financial Picture
Real financial advice is about more than investing – it's about the confidence of knowing that you and those you love will continue to thrive.
At Assad Wealth Management, we take a comprehensive planning approach that analyzes and explores all aspects of your financial well-being. Here's how we help clarify your complete financial picture.
Investment Management That Reflects Your Values
We begin by understanding you, not just your portfolio. This means reviewing your current holdings, determining your investment objectives and time horizon, and understanding your attitudes toward risk. We consider your lifestyle, personal values, and experience with investing to create a strategy that truly fits.
For our Muslim clients, this includes our rigorous two-step Shariah screening process to ensure your investments align with Islamic principles. We coordinate personal investing within registered and non-registered accounts, maximizing tax efficiency while staying true to your values.
Managing Cash Flow Efficiently
Financial clarity starts with understanding where you are today. We identify all your assets, liabilities, income sources, and expenses – both in Canada and abroad. This includes gathering information on trusts, business interests, employer-sponsored plans, and all debt obligations.
From there, we prepare comprehensive statements of your net worth, cash flow, and budget. We then identify optimal strategies to implement a cash flow plan that aligns with your overall objectives, complete with clear priorities and action steps.
Optimizing Your Retirement
Retirement looks different for everyone. We start by understanding your unique vision: Will it be a gradual transition or all at once? When will it begin? Where will you live? What will you do?
We determine all potential sources of retirement income and estimated expenses, then create financial projections based on your existing resources, timing, and assumptions. We model possible trade-offs to help meet your objectives and identify optimal income and withdrawal strategies that consider the tax attributes of pensions, government benefits, and investments.
Preparing for the Unexpected
Life's uncertainties require thoughtful preparation. We gather information on all your insurance coverage – life, critical illness, disability, and long-term care, then identify financial risks associated with loss of life or livelihood.
We assess the implications of changes to your coverage and determine whether personal or corporate ownership is most appropriate from both tax and risk management perspectives. For business owners, we identify risks to business interests and relationships associated with death or disability.
Planning for Major Expenditures
Whether you're purchasing a principal residence, vacation property, or business, we help you navigate these significant decisions. We identify cash flows and assets available to fund major expenditures, determine the implications of acquiring or disposing of assets, and formulate strategies to meet your goals.
Each strategy is evaluated for its advantages and disadvantages, then synthesized into a recommended plan that integrates with your overall financial objectives.
Sharing Your Wealth
Estate planning and charitable giving reflect what matters most to you. We discuss and prioritize your philanthropic and estate planning objectives, reviewing all legal agreements that impact your plans – including wills, trusts, powers of attorney, and beneficiary designations.
We identify opportunities to preserve estate values, defer taxes, and equalize distributions. For many families, we facilitate important conversations to discuss wishes and preserve family harmony across generations.
Tax-Efficient Strategies
Minimizing tax and increasing cash flow requires strategic planning. We identify the tax cost, current value, and growth potential of your assets to determine short and long-term tax liabilities.
For business owners, this includes strategies to optimize compensation, maximize the small business deduction, and preserve access to the lifetime capital gains exemption. We evaluate whether life insurance can resolve your tax, risk management, and wealth transfer objectives simultaneously.
Maximizing Your Business Success
Your business represents years of hard work and dedication. We help you evaluate organizational structures to improve creditor protection, enhance wealth accumulation, and position your business for a tax-efficient sale or inter-generational transfer.
We review compensation planning, address family members' needs within succession planning, and determine how to approach business succession – whether within the family, outside it, or through a sale to third parties.
A Process Designed Around You
At the heart of what we do is creating your comprehensive financial plan, where we seamlessly integrate your values and goals. Our process includes five key phases:
Discover & Clarify – We understand your values, dreams, goals, and concerns to tailor our relationship and prioritize your needs.
Analyze & Explore – We examine options and scenarios that minimize taxes, mitigate risk, and protect your wealth.
Develop & Present – We create your holistic financial plan that integrates your customized investment program.
Finalize & Implement – We put the custom strategies in place that synchronize all dimensions of your financial well-being.
Proactively Service & Respond – As your life, family circumstances, and markets change, we identify and present relevant scenarios before adjusting any element of your plan.
Your Journey to Financial Confidence
Whether you're building wealth, planning for retirement, protecting your family, or creating a legacy, our comprehensive approach ensures every dimension of your financial life works together harmoniously.
For Muslim families and individuals, this means achieving financial freedom while staying true to Islamic principles – bridging the gap between Deen and Dunya with clarity, confidence, and peace of mind.
Ready to clarify your complete financial picture? Let's start the conversation about your unique goals and how we can help you achieve them.
This is a general source of information only. It is not intended to provide personalized tax, legal or investment advice, and is not intended as a solicitation to purchase securities. Assad Wealth Management is solely responsible for its content. For more information on this topic or any other financial matter, please contact an IG Wealth Management Consultant. Trademarks, including IG Wealth Management and IG Private Wealth Management, are owned by IGM Financial Inc. and licensed to subsidiary corporations.