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I want to focus on building my wealth

With success comes new challenges. Building wealth requires a balance between
meeting today’s financial needs and investing for the future.
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As you progress in your career and your income grows, you become better prepared to meet financial challenges. You may have already accumulated savings or investments in a Registered Retirement Savings Plan (RRSP), a Tax-Free Savings Account (TFSA), a Registered Education Savings Plan (RESP) or in your non-registered investment portfolio and you likely have a clearer picture of your financial situation than when you were first starting out. But could you be doing even better?

Building for the future

This may be the right time for you and a BMO Nesbitt Burns Investment Advisor to delve more deeply into your evolving financial life and explore how you can effectively build and manage your wealth. A careful review of your finances and investments will clarify your financial picture and prepare you for the future.

Some of the questions you may be asking at this stage of life include:

  • What are the most effective ways to invest?
  • How can I meet daily financial challenges and still maximize RRSP contributions?
  • What’s the best way to save for my children’s education?
  • Does it make sense to pay down the mortgage and other debt as quickly as possible?
  • What kind of insurance coverage do I need?

To find answers to these key questions, along with fresh ideas to help you become a more successful investor, contact a BMO Nesbitt Burns Investment Advisor at a branch near you. Or, to have an Investment Advisor contact you, fill out this form.

Advice in action: Laurent and Camille

Laurent, a dermatologist, and Camille, a senior executive at a pharmaceutical company, have been married for five years. They both have successful careers and good incomes, together earning nearly $600,000 a year. The couple recently adopted a baby and want to sell their current house and buy a larger one. But they still want to build their wealth.

Laurent and Camille may have high incomes but they also have significant expenses, including student loans from university and graduate school and the cost of establishing Laurent’s private practice. They’ll also soon have a larger mortgage and will face the costs of raising a family, yet they need to invest for their child’s education and for their own retirement.

A BMO Nesbitt Burns Investment Advisor can help Laurent and Camille adjust their financial plan and recalibrate the investments within their portfolio to build wealth so they can handle their upcoming financial challenges and minimize taxes. Also, their Investment Advisor can show them how to immediately start paying down their mortgage faster, while still maximizing RRSP contributions and other savings this year and into the future. Their Investment Advisor can also help the couple get started on education investments to maximize growth potential and recommend changes in insurance coverage and estate planning to protect their growing family.

Contact an Investment Advisor