RETIREMENT PLANS

Personalized Advice Beyond The Numbers

Our approach begins with a deep understanding of what truly matters to you and how your needs might evolve – to ensure your plan today meets the needs of your tomorrow.

We’ll take the time to clearly understand your goals and objectives to create a comprehensive plan with customized strategies.

As your retirement savings grow, we’ll identify additional opportunities to create financial flexibility with tax-efficient strategies.

We will proactively monitor your strategy to determine income gaps, ensure asset sustainability, and suggest appropriate product or planning alternatives.

TAX PLANNING

Tax Efficient Financial Planning

Over their lifetime, Canadians can spend more on paying their tax bill than on mortgages, cars, travel, education and other expenditures. Tax planning can be complicated; we can help create a financial plan that not only achieves your financial goals but also is tax efficient.‍

→ Deductions and credits - Knowing all the tax deductions and credits to pay the least amount of taxes possible involves knowing what you can claim and identifying strategies that could help reduce your taxes this year and in years to come.

→ Saving for retirement - Remaining free of financial worries goes hand-in-hand with a fulfilling retirement. Taking full advantage of tax-minimization strategies and understanding the government benefits available to you can help maximize your retirement savings.

→ Business structure planning - Business owners have options when structuring a business. Understanding these options will help you get the most out of your time and effort.

→Compensation strategies - As a corporation shareholder, you can choose between salary or dividend compensation. Understanding which strategy is right for you will help maximize your after-tax cash flows.

→Estate planning - A proper estate plan can help address taxes payable upon death, whether by planning to minimize the tax bill or incorporating insurance in your financial plan.

INVESTMENT PLANS

Sustainable Investments

We define sustainable investing as an investment approach that combines material environmental, social, and governance (ESG) factors with traditional financial analysis and active ownership. This approach reduces investment risk while enhancing long-term outcomes for both our clients and the world around us.

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.

CASH MANAGEMENT

Cash & Liquidity Management

Tailored cash and liquidity strategies will increase your flexibility to help you seize opportunities as they arise. We will set in motion your cash and liquidity management strategies that capitalize on opportunities as they arise while maintaining your long-term financial health and minimizing tax obligations: 

→ Non-traditional cash management strategies for evolving and complex needs

→ ​Mortgage planning solutions with our competitive residential mortgage suite and the help of an IG Mortgage Advisor

→ Integrated, innovative banking solutions

Meet The Jeff Somers Team

Private Wealth Management Expertise

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