Investing

Comprehensive Family Financial Well Being

The belief at Frontline is that all of our members deserve A class service from our financial experts. We take a wealth management approach that is almost always exclusive to the extremely wealthy and offer it to all of our One Family members. We specialize in understanding both your needs and the needs of your family. Through discovery, we will develop a unique wealth plan tailored to your family's specific needs and we will provide the continued direction you need. The process is simplistic yet thorough, involving scheduled reviews, revisions to the plan to account for the inevitable changes in your family and, finally, renewal, which is essentially applying the revised plan and making it work for you.

Our One Family financial experts can work with you in all of the following areas:

  • Investment Management
  • Tax Planning
  • Life Cycle Planning
  • Estate Planning
  • Trust Solutions
  • Net Worth Management

Investment Management

Our approach to growing, protecting and managing your family's money is different with Frontline. Our continuous three step process of discovery, development and direction in all facets of our One Family wealth management creates a comprehensive investment plan. We believe that because of this approach, achieving long term performance is simple and well within reach.

Our program helps you:

  • Stay focused on your goals
  • Get access to a proficient team of experts
  • In-depth consistent analysis
  • We offer 2nd opinions on your investments
  • Personalized wealth strategies
  • Competent money or portfolio managers

We provide access to a wide range of investments: Canadian and international equity mutual funds*, Canadian and Foreign Bond funds, and much more, that are always reviewed and selected with your specific goals and risk tolerance in mind.

Every investment management company can offer either monthly or quarterly statements but many won't include your personalized rate of return. With Credential Asset Management Inc. your quarterly statement will include a 1 year rate of return and a rate of return since inception. We've created the plan together and we believe that watching it grow together is important too.

Tax Planning

We specialize in the art of keeping more of your familiy's hard earned money exactly where it belongs...in your pockets. With guidance and sheltering advice, we help you save money on income tax and put it towards something that really counts - your family's future!

We will help develop the right mix using RRSPs, spousal RRSPs, TFSAs and tax-efficient non-registered investments. Furthermore, strategies in reducing the Old Age Security benefit claw back can help you keep more money when you need it most. All in all, taxes weigh heavy on our families. Let us mitigate the stress and minimize the tax burden.

Life Cycle Planning

Every life cycle is unique, challenging, exciting and each requires a special financial approach. We focus on reviewing financial strategies designed to build wealth through the very different generations and life stages.

The Early Years

With economic independence comes student loans, tight budgets, financing a first home, managing credit, buying a car and even bigger lifestyle changes.

You might be a new graduate, anxious to finally earn that elusive regular pay cheque and work towards future financial stability, there could be a new car in your future, the potential of a growing career and increasing income, the investment of a first home and excitement and uncertainties of becoming a new parent.

At this stage, short term savings goals are crucial for the big purchases, as is starting to save for the future. With Frontline by your side the future is under control.

The Middle Years

Acronyms are now familiar - RESPs, RRSPs, TFSAs and even OMG, as you chauffeur the kids everywhere and have aging parents to consider.

By this stage, careers are usually well underway, wages continue to increase and the family is maturing. At the same time, income interruptions and other surprises can occur. But they too can be built into your family's financial strategy.

At this point education savings funds, building a nest egg and managing debt take precedence. There are so many ways you can slice and dice your income to provide both present pleasure and future security.

Let Frontline help you choose the appropriate financial options to match your values, expectations and comfort level. Enjoy these years with the older and younger generations close at hand, knowing that One Family has everyone's finances on solid ground.

The Relaxed Years

It's time for retirement income management, estate planning, transferring wealth, spoiling the grand kids, dream trips and bucket lists.

You've worked hard and it's time to enjoy life to the fullest. While the stress of the daily grind is in the rear view mirror planning for the future is still paramount.

The financial focus once retired includes estate planning, tax sheltering, retirement cash flow, insurance protection and travel funds. You should also consider starting generational wealth transfer early to assure the ultimate tax sheltering for the entire family.

Whether your retirement dream is a cruise around the world or quiet time around with the grand kids, it can be that much more memorable with One Family taking care of the financial details.

Estate Planning

At Frontline, our estate planning process will help eliminate the unknown and uncertainties that come hand in hand with estate distribution. We concentrate on being prepared and looking well ahead so that this process is as organized and thought out as possible, while maximizing estate value with reduced taxation and probate fees.

We will make sure that everyone under the One Family umbrella has a Will and Power of Attorney. With our relationships with Hedges and Sutherland law firm, assistance in these two crucial aspects of the estate planning process is effortless for our One Family members.

Once we've completed the ground work and are well prepared for the future, our team will help develop strategies to drastically reduce or even eliminate probate fees.

  • Converting single accounts to joint accounts if at all possible. Making sure RRSPs and TFSAs have appropriate beneficiaries.
  • Multi-generational wealth transfer; passing on some assets before death. For example, giving $5000 to each child over 18 for a TFSA contribution or giving grand children $2500 for RESPs.
  • Tax minimization through purchased life insurance designed to cover the tax burden on RRSPs that are collapsed at death.

We also know the complexities of being an executor and that sometimes we don't fully understand the duties, responsibilities and personal liabilities that come with it. We can help by arranging a no cost, no obligation consultation for One Family members currently serving as executors with Concentra Financial, one of our trust specialists. Concentra Financial can act as an agent to complete any or all of the administrative tasks associated with the settling of an estate.

Ways they help:

  • Locate, assemble and gather information
  • Understand and gather documentation
  • Establish executor authority
  • Manage assets and liabilities
  • Prepare statements and reporting

Trust Solutions

A trust can be defined as a legal relationship where an individual (a settlor) allows transfer of ownership of his/her assets to another individual (a trustee) who in turn manages and controls the asset in question to benefit the beneficiary. Frontline can assist you with several different types of trusts: informal trusts, formal trusts and testamentary trusts, all designed to be a valuable tool for tax planning, estate planning and maintaining your family's wealth. Below are some of the ways each form of trust can be advantageous to your family and overall wealth management plan.

Advantages to Informal Trusts

  • Easy to set up
  • Zero cost for set up
  • No minimum investment criteria
  • No or minimal restrictions on the types of investments

Advantages of Formal Trusts

  • No risk of a child obtaining the rights to the assets at the age of majority
  • No probate fees are paid on death of the settler. Assets in the trust do not form part of an individual's estate.
  • Allows for income splitting.
  • Potential problems with The Canada Revenue Agency are eliminated. There is certainty as to the treatment of trust income. Formal trusts require the expertise of a lawyer in drawing up the trust deed.
  • The existence of a trust deed ensures that settlor's wishes are carried out.

Advantages of Testamentary Trusts

  • Tax savings from income splitting for spouse, children and/or grand children.
  • Protection of funds for disabled or spendthrift beneficiaries.
  • Protection of funds from a spouse of a beneficiary.
  • Control of funds.
  • Avoidance of probate a second time.
  • Capital gains deferral through spousal rollover.

Informal trusts would be set-up by Frontline Credit Union or any affiliated financial institution.

Formal trusts, including testamentary trusts, need to be set up by a lawyer which we can refer you to. More complex trusts can be referred to Concentra Trust or Legacy Private Trust.

Net Worth Management

Through the use of net worth calculators, we will show you how to decrease debt and increase assets with a dual approach strategy. This is a process that can be repeated time and time again, to help your family's wealth grow and prove that your goals and dedicated plan are working.

 

*Mutual funds and financial planning are offered through Credential Asset Management Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments and the use of an asset allocation service. Please read the prospectus of the mutual funds in which investment may be made under the asset allocation service before investing. Unless otherwise stated, mutual fund securities and cash balances are not insured nor guaranteed, their values change frequently and past performance may not be repeated.

 

 

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