Wealth encompasses all parts of your personal and business or farm life, not just what’s in your investment portfolio. It’s everything you’ve accumulated: your home, cottage, business or farm, investments and other property.
Managing all these assets requires the advice of multiple professionals — accountants, lawyers, investment advisors, realtors, bankers, mortgage brokers, insurance agents, financial planners, estate planners and more.
Advisors often work in isolation from each other. This can result in conflicting and sometimes incomplete advice, leading to bad financial decisions made in isolation of a person’s overall financial objectives and needs.