wealth initiatives

Independent Life Insurance Broker, Victoria BC

Ross Macfalane - President Wealth Initiatives
Ross Macfarlane B.Eng, President
Wealth Initiatives

Located in Victoria, on Vancouver Island, in British Columbia (BC), and active across Canada, Wealth Initiatives attracts clients who are interested in working with a creative independent financial services advisor.  Our Clients see the benefits in securing their family and their business thru guaranteed financial services such as life insurance, plus other offerings thru a team of expert advisors.

Purchase your life, critical illness and other insurance policies knowing that you have received the plan best for you with an independent life insurance broker!

Strategies to Minimize Taxes, Protect your Wealth, Insure your Life

Wealth Initiatives is committed to providing new insight into your family and your business financial plans.  Our objective is to create customized financial plans for our clients that increase and protect wealth through secured and guaranteed solutions.  We specialize in protecting the profitability of your business.  This can include minimizing taxes, minimizing insurance costs, guaranteeing investment growth, and proper allocation for creditor protection and ultimately maximizing estate transfer.  We research, develop and implement innovative approaches to your estate, insurance, and investment planning needs.



Our Key Areas of Focus - Family and Business Financial Security

Family:

The typical family plan includes a mortgage and investments in mainstream assets inside an RRSP.  Our focus is to take this plan and minimize the costs in areas of insurance, interest on a mortgage and other debts, and to increase the benefits of early mortgage pay down, RESP grant money, being your own bank for car loans and tax free retirement income. 

Business Protection:

Business financial planning is part of a large issue of ongoing financial security for you and your family.  We commit to providing you a review and examination of your present and future needs and goals as your financial focus moves from personal through the stages of business growth and finally into succession planning and all the while maintaining a solid Estate Plan.

Personal Financial Planning for the Owner Business Continuation Planning Business Succession Planning Estate Planning
Survival Stage   ⇒  Growth Stage   ⇒   Maturity Stage
Risk Management
  • Premature Death
  • Will
  • Estate equalization
  • Disability
  • Critical illness
Retirement Planning
  • Registered Plan
  • Asset Allocation
  • Non-registered savings plans
Other Savings Goals
  • Children’s Education
  • Home Purchase
  • Tax minimization
Key Person Protection
  • Disability
  • Critical illness
  • Life insurance
  • Pension plan
Buy Sell Agreement
  • Premature death
  • Retirement
  • Disability
  • Critical illness
Business Loan Protection

Executive Benefits Planning
Ownership Transition
  • Sell
  • Liquidate
  • Retain in family
  • Successor training
  • Buy-sell agreement among successors
Management Transition

Retirement Income Planning
Will Planning
  • Estate equalization
  • Family Law
Powers of Attorney

Tax Planning
  • Estate freeze
  • Share redemption
  • Liquidity
Retirement Income Planning

Trust Planning
  • Family Trusts
  • Spousal Trusts
  • “Self-settled” trusts
Philanthropy

Wealth Initiatives is licensed to transact financial services in a number of classes and business. We offer customized strategies to minimize tax that utilize Life Insurance, Disability Insurance, Critical Illness Insurance, Long Term Care Insurance, Segregated Funds, Employee Benefit packages and Pension Plans. We also have at our disposal a team of experts available for advice in the area of retirement planning, mortgages and lending services, will preparation, setting up trusts and tax planning. This way, through our association with other fully qualified professionals our clients get dedicated professionals specializing on each of the particular needs but still with one main contact. When your situation would be more appropriately handled by another specialist, we promise that we will make the appropriate referral.

Call Wealth Initiatives, your independent life insurance broker in Victoria BC!