Independence is fashionable nowadays: it enables you to develop your skills, forge your own path and solve problems yourself. To facilitate the process, there are now many tools available on different platforms, both virtual and traditional, encouraging more and more investors to try to manage their investments themselves. And answers to many financial questions can be found by consulting websites or specialized publications.
In this context, what is the value of advice for a professional? A question worth exploring.
Vocation: professional
Practising a profession, whether you’re a doctor, notary, architect, dentist or pharmacist, is a demanding lifestyle that requires all your knowledge and focus. Performance, expertise and integrity are just some of the qualities needed to do your job.
While you devote your energies to serving your clients, other experts do the same to help their clients improve the performance of their financial decisions.
Your unique reality
What none of the references we mentioned can give you is a precise answer to your questions, because your personal, professional and business reality is unique. What’s more, it evolves, shaped by the events that mark each stage of your life, and it’s interactive, since each of these aspects interacts with the others.
A website article can certainly give you food for thought. However, the personalized answers you’re looking for to optimize your financial situation require a level of sophistication that you can’t find in general publications.
The big questions
Certain subjects come up regularly, their frequency varying according to your life stage. Examples? Your personal financial plan, including your family: life projects, children’s education and future, retirement and succession. Your professional and business plan: purchase or sale of your firm, practice or pharmacy, status of your corporation if you’re a shareholder.
Each aspect raises questions at different times, because it’s an integral part of your life journey, and the answers can generate other questions about certain aspects of your assets. Are you saving enough for your retirement? What will be the tax impact of selling your pharmacy to your son? Can you think of your practice as a pension fund? What financial protection do you have in the event of a divorce?
And your investment portfolio
You’ve been investing for many years now and you’re counting on these savings to finance your lifestyle and your future. When is the right time to review the composition of your portfolio? And how to deal with the tax implications of a portfolio change? With respect to your business situation, should you continue to save in your corporation? How to tax-optimize the sale of a practice or pharmacy?
Each of these situations and all your other major life events require a rigorous and comprehensive analysis to determine the best approach to take.
Tailored to you, always
We’ve been working for professionals for more than 40 years and we know their reality. Above all, we know they want the same expertise for managing their personal and business finances that they use each day in practising their profession.
We don’t have ready-made answers. We believe in the value of advice because it’s the decisive factor in achieving the best performance, in both your personal and business financial plan. Having a comprehensive view of your situation and being able to anticipate life stages and their financial and tax ramifications will give you a good head start. We know that together, we can choose the best strategies and that you will reap the benefits.
Inestimable value
At fdp, your private management firm, the expertise of our teams is available to you in all our client centres across Quebec. Discover how sound, personalized advice can transform your prospects for the future.
Your fdp team
