{"id":436,"date":"2021-08-30T17:51:22","date_gmt":"2021-08-30T17:51:22","guid":{"rendered":"https:\/\/wiegers.ca\/?page_id=436"},"modified":"2023-12-19T13:52:16","modified_gmt":"2023-12-19T19:52:16","slug":"business-owners-professionals","status":"publish","type":"page","link":"https:\/\/wiegers.ca\/business-owners-professionals\/","title":{"rendered":"Business Owners & Professionals"},"content":{"rendered":"

[et_pb_section fb_built=”1″ admin_label=”Header” _builder_version=”4.16″ use_background_color_gradient=”on” background_color_gradient_stops=”#425563 0%|rgba(0,19,46,0.6) 100%” background_color_gradient_overlays_image=”on” background_color_gradient_start=”#425563″ background_color_gradient_end=”rgba(0,19,46,0.6)” background_image=”https:\/\/wiegers.ca\/wp-content\/uploads\/2021\/09\/business-owners.jpg” custom_padding=”180px||180px||true|false” locked=”off” global_colors_info=”{}”][et_pb_row column_structure=”3_5,2_5″ make_equal=”on” _builder_version=”4.23.1″ hover_enabled=”0″ global_colors_info=”{}” width_last_edited=”on|phone” width_phone=”90%” sticky_enabled=”0″][et_pb_column type=”3_5″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_text _builder_version=”4.22.2″ header_font=”|900|||||||” header_font_size=”70px” background_layout=”dark” max_width=”760px” custom_margin=”||||false|false” header_font_size_tablet=”52px” header_font_size_phone=”35px” header_font_size_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n

Business Owners and Professionals<\/span><\/h1>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”2_5″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_button button_url=”https:\/\/wiegers.ca\/contact-us\/” button_text=”Get in Touch” _builder_version=”4.16″ button_text_color=”#FFFFFF” positioning=”absolute” position_origin_a=”center_right” position_origin_a_tablet=”” position_origin_a_phone=”” position_origin_a_last_edited=”on|desktop” position_origin_f_tablet=”” position_origin_f_phone=”” position_origin_f_last_edited=”on|desktop” position_origin_r_tablet=”” position_origin_r_phone=”” position_origin_r_last_edited=”on|desktop” custom_margin=”||||false|false” custom_padding=”15px|40px|15px|40px|true|true” positioning_tablet=”relative” positioning_phone=”” positioning_last_edited=”on|tablet” locked=”off” global_colors_info=”{}”][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”About” _builder_version=”4.16″ global_colors_info=”{}”][et_pb_row column_structure=”1_3,2_3″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_image src=”https:\/\/wiegers.ca\/wp-content\/uploads\/2021\/10\/financial-graphic.svg” title_text=”financial-graphic” _builder_version=”4.16″ global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”2_3″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ _module_preset=”default” custom_margin=”||20px||false|false” custom_padding=”||10px||false|false” border_width_bottom=”2px” global_colors_info=”{}”]<\/p>\n

Do more for your business<\/h3>\n

[\/et_pb_text][et_pb_text _builder_version=”4.16″ header_3_font=”|900|on||||||” global_colors_info=”{}”]<\/p>\n

Wiegers Financial & Benefits provides expert corporate financial planning services to business owners like you. Our role is to help you make the most of your business assets to efficiently achieve both short and long-term goals. This includes exceeding all stakeholder expectations and objectives, including those of other owners, shareholders and employees. Our financial planning process is proven effective, and delivers results for businesses of all sizes.<\/p>\n

One or more of our team members will meet with you for a detailed discussion about the objectives you have for your business, your current state, as well as your future aspirations. We will then work with you to design a plan that will effectively help you reach them. The plan will be thorough but also flexible enough to allow for unexpected impacts (both internal and external). It will be reviewed regularly to ensure you remain on track and are up-to-date based on current market trends.<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.16″ max_width=”750px” module_alignment=”center” custom_margin=”|auto||368px||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_image src=”https:\/\/wiegers.ca\/wp-content\/uploads\/2021\/08\/financial-advisor-02.png” title_text=”financial-advisor-02″ _builder_version=”4.16″ global_colors_info=”{}”][\/et_pb_image][et_pb_text _builder_version=”4.16″ text_font=”|900|||||||” text_font_size=”40px” text_font_size_tablet=”30px” text_font_size_phone=”24px” text_font_size_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n

Our process will involve regular discussions with you about any number of the following:<\/p>\n

[\/et_pb_text][et_pb_toggle title=”Goal Setting” closed_toggle_text_color=”#FFFFFF” closed_toggle_background_color=”#a6192e” icon_color=”#FFFFFF” open_icon_color=”#FFFFFF” _builder_version=”4.16″ _module_preset=”default” title_font=”Lato|900|||||||” title_font_size=”18px” global_colors_info=”{}”]Having financial security, as well as having the time to enjoy it, is very important to your well-being. Our goal setting process is designed to help you set goals, frame the path to accomplish those goals, and help you identify, reduce, or eliminate challenges to achieving those goals. Goal setting will also help you identify your unique abilities and focus on what parts of life you are truly passionate about. With a little coaching, and a lot of teamwork, we can help you achieve all that you are capable of.<\/span>[\/et_pb_toggle][et_pb_toggle title=”Shareholder or Partner Planning” closed_toggle_text_color=”#FFFFFF” closed_toggle_background_color=”#a6192e” icon_color=”#FFFFFF” open_icon_color=”#FFFFFF” _builder_version=”4.16″ _module_preset=”default” title_font=”Lato|900|||||||” title_font_size=”18px” global_colors_info=”{}”]<\/p>\n

If shareholders are among your business stakeholders, we can assist you to ensure that in the event of a shareholder disturbance, business will continue to operate smoothly. Unanimous Shareholder Agreements (USA) define when, why, how, to whom, and under what terms a shareholder must turn over beneficial ownership of shares to others. A USA typically outlines what will happen if a working shareholder is unable to perform his or her business responsibilities because of retirement (voluntary or involuntary), disability, or death.<\/p>\n

A Buy\/Sell Funding Agreement can supplement, or be used in lieu, of a USA. It is designed to ensure that partners or shareholders have the funds available to purchase the interest or shares of a disabled or deceased partner or shareholder. If this type of agreement is appropriate to your situation, your Wiegers Financial & Benefits advisor can help advise you accordingly. Advisors will also make insurance policy recommendations that could also provide the funding necessary under the terms of the agreement.\u00a0<\/p>\n

[\/et_pb_toggle][et_pb_toggle title=”Retirement Savings Planning for Business Owners” closed_toggle_text_color=”#FFFFFF” closed_toggle_background_color=”#a6192e” icon_color=”#FFFFFF” open_icon_color=”#FFFFFF” _builder_version=”4.16″ _module_preset=”default” title_font=”Lato|900|||||||” title_font_size=”18px” global_colors_info=”{}”]In addition to traditional retirement savings programs (including Registered Retirement Savings Plans – RRSPs), business owners and other higher-paid employees have the option to save for retirement by way of an Individual Pension Plan (IPP). An IPP is a one-person maximum Defined Benefit Pension Plan that allows business owners to accrue retirement income on a tax-deferred basis \u2013 an amount that exceeds what is available within traditional RRSP limits. It also allows a business to create a tax-deductible expense when moving funds to the personal control of the business owner without immediate taxation.<\/p>\n

Another retirement savings option is a Retirement Compensation Arrangement (RCA). Similar to an IPP, an RCA funds a business owner\u2019s (or other key person\u2019s) retirement but it is funded using various investments and insurance products.<\/p>\n

Your Wiegers Financial & Benefits advisor can provide a recommendation about whether an IPP or RCA is an appropriate retirement savings option for you, and assist you in implementing the plan accordingly.[\/et_pb_toggle][et_pb_toggle title=”Business Succession” closed_toggle_text_color=”#FFFFFF” closed_toggle_background_color=”#a6192e” icon_color=”#FFFFFF” open_icon_color=”#FFFFFF” _builder_version=”4.17.4″ _module_preset=”default” title_font=”Lato|900|||||||” title_font_size=”18px” global_colors_info=”{}”]<\/p>\n

As a business owner, you\u2019ve likely sacrificed \u2013 and will continue to sacrifice \u2013 a lot on a daily basis. It\u2019s important to you to know that in the event of your death or disability, your business will either continue to operate smoothly under new management or ownership, or will close its doors, and an orderly transfer of assets to your beneficiaries will follow.<\/p>\n

Wiegers Financial & Benefits, in consultation with a business succession specialist, will ensure that through careful tax, investment and insurance planning, your wishes for the future of your business will be met.<\/p>\n

[\/et_pb_toggle][et_pb_toggle title=”Key Person\/Executive Benefits” closed_toggle_text_color=”#FFFFFF” closed_toggle_background_color=”#a6192e” icon_color=”#FFFFFF” open_icon_color=”#FFFFFF” _builder_version=”4.16″ _module_preset=”default” title_font=”Lato|900|||||||” title_font_size=”18px” global_colors_info=”{}”]<\/p>\n

 <\/p>\n

Your executives care about your company\u2019s success, and they work hard for you. Executive Benefits are some of your best tools for helping look after them, and for going the extra mile to show you care.<\/span><\/p>\n

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  1. Critical Illness Insurance<\/strong> \u2013 Quickly becoming mainstream insurance coverage. It helps with the financial burden of convalescence, private nursing, reduction of income, medical bills, and debt. You can add it as either a mandatory or optional benefit to your company-wide benefits plan.<\/li>\n
  2. Personal Spending Account<\/strong> \u2013 Provide your executives a pre-determined number of dollars each year that can be applied to whatever health and wellness-related expenses you are willing to cover.\u00a0 A PSA is a great tool for adding flexibility and choice in your top performers\u2019 benefits plan, and for meeting their diverse needs and interests.<\/span><\/li>\n
  3. Second Opinion Medical Services<\/strong> \u2013 Expands your executives\u2019 healthcare options by providing access to medical experts around the world. This will help ensure that they get the correct diagnosis<\/span> and can pursue the most promising treatment options wherever they are.<\/li>\n
  4. Personal Medical Care Insurance<\/strong> \u2013 Further enhances your executives\u2019 healthcare and reduces their stress by finding the best doctors to help them, arranging travel, and reimbursing medical expenses.<\/span><\/li>\n
  5. Long-Term Care Insurance<\/strong> \u2013 Provide your executives with peace of mind knowing that if they become cognitively impaired or unable to perform basic activities of daily living, this insurance will pay a pre-determined benefit amount to help with the cost of in-home or facility care.<\/span><\/li>\n
  6. Key Person and\/or Buy-Sell Insurance<\/strong> \u2013 Provides your business with compensation for losses as a result of the death or extended incapacity of a key member of your team or the termination of a partnership.<\/li>\n
  7. Disability Insurance<\/strong> \u2013 If your executives\u2019 incomes are not fully insured under your group benefits plan or if you wish to enhance their disability coverage, you can purchase individual insurance to ensure that they can meet their financial obligations and maintain their lifestyles if they become disabled.\u00a0 It\u2019s another great way to help look after your top performers, and to let them know you care.<\/span><\/li>\n<\/ol>\n

    [\/et_pb_toggle][et_pb_toggle title=”Group Benefits and Retirement Services” closed_toggle_text_color=”#FFFFFF” closed_toggle_background_color=”#a6192e” icon_color=”#FFFFFF” open_icon_color=”#FFFFFF” _builder_version=”4.16″ _module_preset=”default” title_font=”Lato|900|||||||” title_font_size=”18px” global_colors_info=”{}”]<\/p>\n

    The ever-intensifying war on talent in Canada has forced employers to change the way they attract and retain great talent. A traditional group benefits plan (including Life and Disability Insurance, and Health and Dental benefits) used to help bolster an employer\u2019s competitive position in the labour market but now, it is only the base of a desirable compensation and rewards program. Important now is providing a benefits plan that affords your employees with flexibility and choice in order to meet their diverse wants and needs. Important now is actively showing your team that you care.<\/span><\/p>\n

    Wiegers Financial & Benefits\u2019 Group Benefits and Retirement Services Division has more than 110 years of combined experience helping our clients take care of their teams in a meaningful and impactful way. We are experts in custom-designing group benefit and retirement plans that are valued by even the most diverse teams, and that help motivate team members to stay.\u00a0 We offer Health Spending Accounts, Personal Spending Accounts, Employee and Family Assistance Plans, Second Opinion Medical Services, and a wealth of other tools that enhance and add flexibility to the benefit plans employers already provide to help look after their teams. <\/span><\/span><\/p>\n

    [\/et_pb_toggle][et_pb_toggle title=”Group Retirement Savings” closed_toggle_text_color=”#FFFFFF” closed_toggle_background_color=”#a6192e” icon_color=”#FFFFFF” open_icon_color=”#FFFFFF” _builder_version=”4.17.4″ _module_preset=”default” title_font=”Lato|900|||||||” title_font_size=”18px” global_colors_info=”{}”]<\/p>\n

    Canadians are stressed about money. The 2021 FP Canada\u2122 Financial Stress Index shows that 77% say at least one aspect of their finances causes stress, with younger Canadians and those without a financial planner, significantly more likely to say social planner, and significantly more likely to say so.\u00a0<\/span><\/p>\n

    Employers can show prospective and existing team members that they care by including a group retirement savings plan in their rewards and compensation program. An investment in your teams\u2019 future financial security is a clear signal that you want to help support them over the long-term and into their retirements, and helps motivate them to stay.<\/span><\/p>\n

    Group Retirement Savings options include:<\/span><\/p>\n