Our Approach: Strategic Wealth Planning for Business Owners & Affluent Families
At Garofalo & Associates Private Wealth Management, our approach is built around clarity, structure, and accountability. We create comprehensive written financial plans that integrate investment management, tax strategy, retirement planning, estate considerations, and business succession planning into a cohesive strategy.
For successful incorporated business owners and high-net-worth families in Waterdown, Dundas, Hamilton, and Southwestern Ontario, financial complexity often increases as wealth grows. Corporate structures, retained earnings, shareholder agreements, succession timelines, and intergenerational planning require more than isolated advice. They require a coordinated private wealth management strategy led by experienced advisors who understand both personal and corporate financial planning.
Our process is designed to bring discipline and confidence to every stage of your financial life.
01. Discovery & Strategic Overview
Every successful plan begins with clarity. We take the time to understand your personal and business goals, whether that means preparing for retirement, optimizing corporate surplus, planning a business transition, or building a multigenerational legacy.
For business owners, this includes reviewing corporate structures, compensation strategies, succession objectives, and risk exposure. Your defined outcomes become the foundation for every recommendation we make.
02. Insight & Advanced Planning
Thoughtful advice requires analysis, not assumptions. Our team conducts detailed research into your financial picture and collaborates with IG Private Wealth Management’s Advanced Financial Planning specialists, including tax, estate, and legal professionals.
We evaluate investment strategy, tax efficiency, retirement income sustainability, estate structures, insurance planning, and business succession options to ensure every element aligns with your risk tolerance, values, and long-term objectives.
03. Strategy Modelling & Stress Testing
Before implementation, we test your strategy under multiple real-world scenarios. Using advanced financial modelling tools, we analyze projected cash flow, retirement income sustainability, tax implications, business exit timelines, and estate transfer outcomes.
We stress-test your plan against market volatility, interest rate shifts, longevity assumptions, and legislative change to ensure your strategy is resilient, adaptable, and built to withstand uncertainty. For business owners, this may also include modelling corporate surplus drawdown strategies, succession timing, and liquidity events.
Clarity comes not just from having a plan but from knowing it has been rigorously tested.
04. Preparation & Strategic Presentation
We present a comprehensive, written financial plan that clearly outlines the path from your current position to your desired outcomes. You will see how investment management, tax strategy, estate planning, and business planning intersect, along with alternative strategies where appropriate.
Our role is to provide clarity and professional guidance. Your role is to make informed decisions with confidence.
05. Implementation & Coordination
Execution is where strategy becomes reality. Our team coordinates the implementation process, managing the details and liaising with accountants, lawyers, and other professional advisors when necessary.
For business owners, this may include coordinating corporate investment accounts, Individual Pension Plans (IPPs), insurance structures, shareholder strategies, or succession planning frameworks. We do the heavy lifting so you can remain focused on your business and family.
06. Ongoing Review & Optimization
Financial planning is not a one-time event; it is an evolving process. As markets shift, tax legislation changes, and your business or family circumstances evolve, your strategy must adapt.
Through structured reviews, we ensure your investment portfolio, tax strategies, retirement plan, and estate objectives remain aligned with your life and business goals. This ongoing discipline provides confidence, stability, and long-term clarity.
Take the Next Step Toward Strategic Clarity
If you are a business owner, professional, or family seeking a more coordinated and intentional approach to your wealth, we invite you to begin a conversation..
Book a confidential, no-obligation consultation today and discover how an integrated financial plan can help protect what you’ve built, optimize your wealth, and position your legacy for the future.