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We need help building our wealth.
Monica and Winston, both in their early 40s, live in Toronto with their two children, ages 10 and 12. Winston is partner at a law firm and Monica is CFO at a mid-size management consulting company. They are not sure if their investment portfolio is on track to help them realize their goals, which include funding their children’s university education and purchasing a vacation property. They also want to ensure their children will be taken care of and their estate administered properly if something were to happen to them.
When their accountant referred them to BMO Harris Private Banking, they sat down with a Private Wealth Consultant (PWC), who spent time getting to know them and their longer-term goals. The PWC assembled a team of professionals to create customized and integrated solutions to meet their unique financial needs.
A customized investment management plan was created to support their long-term goal of significantly building up their investment portfolio, and an overall estate plan was developed. Their wills were updated and educational trusts were set up to fund the children’s post-secondary education. They named BMO Trust Company as a trustee of their living wills, which will ensure their investment and personal affairs will be managed according to their wishes if anything happens to incapacitate them. And through Platinum Banking's customized and innovative credit solutions, they were able to finance a cottage and still ensure their everyday financial needs were met.
The characters in this scenario are fictional. Any similarities between them and any real person is strictly coincidental.
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