Multi Generation Planning, Millennial Millionaires and More at DAC

The 2015 Distinguished Advisor Conference agenda is coming together nicely. Come think strategically with hundreds of top advisors from across Canada who strive to embrace the challenge of building on client relationships from afar.

Some of the speaking topics so far include,

TAXING TRENDS: EMBRACING THE MILLENNIAL MILLIONAIRE

Canada is undergoing a significant tax reform that impacts family wealth creation and sustainability, and yet it’s rarely making headlines.  One reason – the provisions are complex and largely misunderstood by the very people who need to know:  the Millennial Millionaire.  But this very fact provides a wonderful opportunity for top financial advisors to re-articulate their value propositions.   With new family income splitting rules, tax free retirement savings opportunities, and enormous changes in incapacity and estate planning, advisors in the know will help multi-generations build and sustain family wealth as never before.  Find out with Evelyn Jacks, as she discusses tax changes and investment planning strategies for 2015 and beyond.

SOFTER SKILLS: A FOCUS ON THE FINISH LINE

Helping busy, successful people transition from “transactional work like” to doing “life’s work” is the key to a successful launch into their next chapter of life.  Yet, the discussions are not being held for a number of reasons.  One of them is the requirement to create a “bond” with a new personal and financial lifestyle. Learn how to maximize your opportunity to create a strategic plan for initiating critical conversations in asset-rich families, using in a multi-stakeholder approach.  It’s your opportunity to helping leaders finish well – before, during and after retirement.

PRINCIPLE-BASED PLANNING FOR MULTIPLE GENERATIONS

Know of any dysfunctional families? Most of us do; but succession and estate planning can be successful even in these instances with a principle-based approach to multi-generational planning.  Especially during periods of great change – when there are marriages and births, divorces, incapacity or death, or even business bankruptcy – families must come together to make tax –efficient decisions and establish ground rules for disaster management.  Engaging the spouse and children in a process for success is critical.  The way to do so is to build and instill the knowledge, skills and confidence to make responsible decisions through a commitment to principle-based planning.   

CANADA, THE TAX HAVEN:  MAXIMIZING THE GOOD TIMES FOR SAVERS

Older means richer for a variety of reasons.  Wealthy investors, however, need to be aware of the global push to reduce income inequality by increasing marginal tax rates on high earners’ compensation, investment earnings and on capital pools themselves.  Exploring how to be more deliberate about income averaging in pre- and post- retirement periods now is important because Canada is in what could quite possibly be the lowest taxed environment we’ll see in a long time.