How PanFinancial Insurance Solutions Helps Clients Ill-Served By Accountants And Lawyers
We are in the financial services industry but pride ourselves in providing a holistic approach to High Net Worth or High Net Income owners/operators and professionals. Unfortunately, we find many of the above ill-served by their current accountants and lawyers.
We have also noticed that since 1995, the tax act in Canada continues to change and exact more tax from hard-working Canadians. In our practice, we take the time to learn everything from our prospective clients to make sure we can add value to their business, families in diverse areas like estate planning, tax reduction, creditor-proofing, succession, and much more. We like to work with the prospect’s accountants and lawyers in a team effort to look at all the possibilities to inject new ideas and strategies in the above areas.
It is sad to see that most of the people we target today are not aware of the planning they can and should do to lower their taxes compliantly, creditor-proof all the assets they have worked so very hard to generate, which could be lost in a heartbeat by a pandemic or other unplanned situations. The most common situations we uncover, not create, is that most people do not have wills, shareholder agreements, and buy-sell agreements, which are the easy things to look after. Why not, you ask? Because they do not receive good advice, or they are cost adverse and don’t like to spend money with their counsel and silly things like this.
The truth is that we find very successful prospects are not aware that they are paying over 51% tax on passive income, too much capital in the active businesses, and most importantly, they are unaware that solutions exist. In our opinion, this is a crime as everybody thinks that their accountants and lawyers keep them up-to-date on all the strategies available and help them save some of their hard-earned dollars.
If you are an accountant or lawyer, please don’t continue reading this if you are not the people I am talking about. In my fifty years of practice, I have met some awesome consultants who are diligent, extremely knowledgeable, and work very hard to service their clients with excellence. So what makes us different? It is the care and attention we take to ascertain how we can add or improve our client’s situation. We have a select team of experts in all areas and always search for new compliant strategies.
The biggest challenge we face today is when the prospect looks at us and says, “How come my accountant didn’t share these ideas with me?” My main comment is that nobody I have ever met knows everything, including our team. We continue to bring in new ideas, strategies, and experts on an ongoing basis. Just recently, one accountant said it best when he said, “Thank you for working with me and my client as your ideas are above my pay scale.” The secret is caring. We have all heard the expression, “Don’t show me how much you know, but show me how much you care.”
The Bottom Line
As a leading investment and wealth management firm in Toronto, Ontario, at PanFinancial Insurance Solutions, we have the essential resources, financial expertise, and network of professionals to implement sophisticated strategies. Our unique and safe strategies can help clients minimize their tax burden, generate tax-free wealth, and turbo charge their investment.
We offer solutions or recommendations only after conducting a thorough analysis of our client’s financial situation. Consequently, we develop a customized plan to meets our client’s current needs and future aspirations. We also enjoy building strategic relationships with our client’s accountants, lawyers, and other financial planners.
We have been servicing hundreds of highly successful members of society since 1970. Our long track record of success and positive testimonials prove the same.
To read what our clients are saying about us, please click here. To learn more about how we can help you, please click here or contact us by clicking here.