Personal Financial Planning

Robert Tozzi leads an independent financial services firm that provides financial solutions from 20 different insurance companies and 50 different wealth managers from well-known financial institutions. He has specialized in helping entrepreneurs and professionals since 1992. Mr. Tozzi is a member of the l’Institut québécois de planification financière

How to live a full live now while saving for the future Debt repayment strategies Risk management and life, private disability and critical illness insurance Financial tools to reduce taxes Personal financial planning and retirement saving strategies RRSPs, TFSAs and pension plans Wealth management RESPs Help making important decisions during every stage of life, such as when: Purchasing property Planning for children’s education Starting a business Planning a trip Adopting a child Etc. Estate planning Planned giving

Each generation has specific needs

Pactole Financial Strategies understands why.

We have listed the most common needs for each generation in society.

Generation Z
(Born at the beginning of the 2000s) :

Immersed in IT and communication technology since birth.

Pactole Financial Strategies understands that it’s not easy to talk about money as a family. This is why we offer to meet our entrepreneur and professional clients’ children in order to explain to them:

• The virtues of saving and investing
• The good and bad aspects of debt
• How the registered education savings plans that their parents have taken out for them work
• How the life insurance that their parents have taken out for them in order to protect their future insurability work

Generation Y
(Born between 1980 and 2000):

Getting finances started off on the right foot for millennial professionals.

Young professionals must overcome special challenges to gain their financial independence:

• After finishing university, debt can be high and should be part of a strategic repayment plan
• The desire to live life to the fullest requires advanced planning
• Risk management through life, private disability and critical illness insurance to protect insurability
• Developing good savings habits in a TFSA and an RRSP
• Planning the purchase of a first property
• Getting the best mortgage solution
• The arrival of a first child or maybe a second one
• Incorporating* the professional practice or choosing to work independently
• Creating a last will* and mandate* in case of incapacity

Generation X
(Born between 1966 and 1980):

Growing and protecting your estate effectively while juggling many responsibilities.

Professionals from Generation X have good work experience and must juggle many responsibilities in order to grow and protect their estates and financial independence. They often don’t have enough time because of all their family, professional and personal responsibilities.

For this generation, Pactole Financial Strategies helps with the following kinds of financial planning:

• Solutions to deal with uncontrolled or unreasonable debt
• Renovating a current property
• Purchasing a larger property, cottage or income property
• Revising life, private disability and critical illness insurances
• Annual optimization of RRSPs and TSFAs
• Planning for children’s education through RESPs
• Retirement planning
• Consolidating portfolios, while diversifying managers, to simplify and reduce the costs associated with tax returns
• Reducing asset management fees
• Portfolio readjustments to better meet objectives
• Professionnal practice incorporation*, management company creation* or staying self-employed
• Revising the last will* and mandate* in case of incapacity

Baby Boomers and the Silent Generation
(Baby Boomers were born between 1945 and 1966; the Silent Generation was born before 1945):

Strategically optimize, grow and protect your estate.

Baby Boomer professionals usually enjoy stable employment and good incomes. Now at the peak of their careers, in most cases they have accumulated good wealth in their practices, real estate and investments. This enviable situation requires special attention in order to optimize, grow and protect estates. For this generation, Pactole Financial Strategies helps with the following kinds of financial planning:

• Annual optimization of RRSPs and TSFAs
• Planning funding to finance children and grand children’s education through RESPs
• Retirement planning and future disbursement of retirement income
• Income and RRIF planning
• Revising the investor profile
• Consolidating portfolios, while diversifying managers, to simplify and reduce the costs associated with tax returns
• Reducing asset management fees
• Management fees reduction program on family investment assets
• Portfolio readjustments to better meet objectives
• Analyzing younger baby boomers’ situations in order to leverage borrowing to make investments
• Reviewing life, private disability and critical illness insurances
• Normally little or no debt
• Succession planning or selling a company (incorporation*, management company* and/or trust*)
• Providing tax-reduction strategies in case of death and estate planning
• Revising the last will* and mandate* in case of incapacity
• Succession planning or selling a business
• Planned giving

* These services are for general information and are not to be interpreted as professional advice. Interpretations, regulations and taxes implications can change. Clients are invited to consult their lawyer and/or tax specialist.