you without your business and your business without you.

This is often the case for owners –
but there will come a time when, instead of just one future, you will need to start envisioning two:

At least to a certain extent, your role within your business will evolve over time, and the focus you have as an owner can gradually shift toward new priorities.

But for this process to happen smoothly, it needs to be well planned and well executed. That’s why we work closely with business owners to consider what the next stage of their lives may look like, before coordinating the strategies and specialists required to guide them there.

“Owners often think about retirement very little, and that may be because it means something completely different when you run a business. You may take a step back from operations, bring in a third party or keep it all in the family. We’re here to understand what retirement means for you and guide you through the steps to make it a reality.”

Lance Scott, B.Comm, CIM®, CFP®

Portfolio Manager, Investment Advisor
TD Wealth Private Investment Advice

For business owners, conventional retirement planning services are often insufficient to address the range of needs and considerations they face.

Our team has the capabilities and resources to deliver comprehensive financial services, as well as the relevant experience and knowledge to guide business owners through important transitions. 

Our services for business owners include:

Guidance to help maximize the value of your business’ investment portfolio

IPPs and other retirement tax strategies

Clarifying and optimizing your income streams for tax, cash flow and retirement needs

Relationship management that includes your current professionals and our network of TD specialists

Discretionary portfolio management capabilities

Insurance strategies for business owners

Efficient client experience with personalized communication, service and organizational tools

“Our decision to work with Lance was a real turning point for us and our farm. He helped us consider all of the options with our succession plan and managed all the strategies needed to prepare us for retirement. The team even helps us stay financially organized while we focus on new projects.”*

G. and D. Hill

Clients since 2013

This is our systematic process to plan the succession or transition of your business. Once your exit plan is in place, we shift focus to other financial priorities, such as wealth preservation and estate goals. 

STEP 1

We sit down with you, and with any relevant stakeholders or family members, to complete an exercise designed to uncover and prioritize various goals and values.

7 Vision Questions

STEP 2

A team of TD specialists, which includes Business Succession Advisors and Tax and Estate Planners, assesses your needs and creates a set of options and recommendations for review.

Your Business Transition Team

STEP 3

According to your prioritized needs and the strategies outlined by your transition team, we design a custom plan for exiting or reducing your role in the business.

Your Exit Plan

STEP 4

Maximizing Value

STEP 5

As you begin to step away from the business, we guide you through the financial components of a sale, buyout or succession, and we help facilitate important steps and conversations with key stakeholders.

Coordinating the Transition

Our focus during this time is to help minimize things like tax and risk, and help maximize things like growth, preservation and, if applicable, the value of your business in preparation for a sale.

“I hadn’t put much thought into what I ultimately wanted to do when I retired. Lance not only walked me through all my options, but also helped me get a handle on what matters to me and what I wanted to accomplish next.”**

M. Vandendriessche

Retiree
Client since 2014

“As we started to seriously consider our personal future retirement plans alongside opportunities within our small business, we began to realize that we would benefit greatly from professional financial coaching. Lance not only offers supportive and constructive suggestions for building towards our financial goals, but he also carefully listens to our questions and concerns ensuring that we are partners in the journey. We continue to appreciate how dependable and approachable Lance is in managing our portfolio.”***

S. and C. McQueen

Clients since 2017