 |
|
|
I want to turn my business into a secure future. What are my options?
Victor, 64 years old, is CEO of his own manufacturing business in Winnipeg. He has two sons and is planning to transfer the business to them. He wants to know how to make the transition a smooth one, while ensuring he is left with a satisfactory retirement nest egg. He also wants professional investment advice for investing his lump sum so that it carries him through his retirement years and enables him to give charitably to favourite environmental causes.
A team of BMO Harris Private Banking professionals provided Victor with comprehensive and innovative solutions for transferring his business and investing for his retirement. Succession financing was extended to Victor’s sons, and succession planning experts helped ensure the ownership transition plan was structured appropriately and tax-efficiently. They also helped the Seguins communicate with each other throughout the transition process, ensuring that goals and objectives were well communicated and that the heirs were prepared for taking over the business. A customized investment strategy and portfolio were created to fund Victor’s retirement and to support the development of a private foundation to help conserve and protect forests and wild areas.
The characters in this scenario are fictional. Any similarities between them and any real person is strictly coincidental.
|
|
|
