CORPORATE FINANCING

Business Succession Strategies

Business succession may involve passing your business to the next generation or selling it to a third party. We can help you evaluate all aspects when building a succession strategy, which include:‍

→ Navigating the purchase and sale of a business, whether to family, management team, or third party

→Accessing the lifetime capital gain exemption – are you eligible?

→ Understanding shareholder agreements

→ Minimizing the amount of tax you pay

Whatever your route, our team will guide you through the many moving parts to help you understand their potential impact on your overall financial well-being.

CHARITABLE GIVING

Benevolent Financial Planning

There are multiple benefits to your generosity. This includes integrating charitable giving as an important strategic component of your overall financial plan. 

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As more clients and their families become involved in supporting charities, they look increasingly to us for guidance. Charitable giving is an important part of your comprehensive Private Wealth Management strategy as a shared gift-planning process can strengthen relationships within families through the next generation.‍

Our team can help you choose specific giving options, such as a donor-advised fund. This can provide many of the benefits of a private foundation without the upfront costs and administrative responsibilities. Or, if you hold publicly traded securities, such as stocks, bonds, or mutual funds, and choose to gift these investments, you may enjoy additional tax savings.

INSURANCE PLANS

Provide Peace Of Mind And Protection

Insurance provides peace of mind, protection, and opportunity. We will work with you through an initial insurance-needs analysis to determine your insurance requirements. Then we will create a unique strategy to protect you and your family’s financial well-being.

→ Manage risk and protect your income - Life, critical illness or disability insurance plans are important when protecting your family from an unforeseen loss of income or from unplanned expenses.

→ Protect the value of your estate - Insurance does more than protect you. It is also an opportunity to accumulate additional savings for retirement or to leave more of your wealth, tax-free, to the people or causes you care about.

→ Guaranteed income you can never outlive - An important foundation of your retirement plan could be a life annuity that may provide a guaranteed foundation for your retirement income.

Meet The Jeff Somers Team

Private Wealth Management Expertise

For Individuals, Families and Corporations of Prince Edward Island, Canada who prefer the concierge experience.