Personal Finance for the wealthy investor

Most people can understand that the investment needs of someone with $50,000 to invest are different than someone with $500,000 to invest. The same is true for people with $5 million to invest versus those with $50 million.

"UBS Wealth Management Client Advisors provide fully integrated and global wealth management strategies to assist wealthy individuals and entrepreneurs in Canada," says Grant Rasmussen, President and CEO of UBS Bank (Canada). "We help them meet their specific financial goals for building, preserving and passing on their wealth."

Yet, whether you have $50K or $50 million, you need to consider all aspects of managing your personal finances: budgeting, use of credit, savings, investments, estate planning, insurance and taxes.

Often it's best to have an expert to scrutinize your personal finances. This allows for a detailed and honest treatment of your financial situation. And to do this you need to ask yourself some pretty basic questions.

Questions such as: Do you need a wealth plan? If you’re not sure, ask yourself these questions: Are you a business owner? Do you and your family possess significant wealth? Are you overwhelmed and confused by your financial affairs? Are you concerned whether your financial affairs have been structured to achieve your goals and objectives? Are you concerned whether your affairs have been structured in the most tax-effective way? If you answer “yes” to any of the questions above, a wealth plan will help you to address these concerns.

What is a Wealth Plan?

A Wealth Plan provides you with fully integrated comprehensive wealth management advice, incorporating all your assets and your personal situation and objectives.

A Wealth Plan can also encompass your entire wealth with a global perspective. A Wealth Plan is also customized to meet your unique needs.

"When putting together a wealth plan," says Grant, "a professional should coordinate the planning process, obtaining the independent tax or legal advice required."

How do you develop a wealth plan? UBS approaches it this way:

1. Establish Financial Goals
We assist you in establishing your financial goals and objectives.

2. Gather Data and Discuss Strategies
We gather from you the necessary data concerning your financial situation and have preliminary discussions regarding planning strategies, which you may consider.

3. Diagnosis and Gap Analysis
We will prepare a diagnosis of your current financial situation, identifying the key issues you face and opportunities available, along with a summary of the deficiencies or gaps identified in your current plan, relative to your goals and objectives.

4. Develop Strategies
We will develop strategies that can be implemented to achieve your goals and objectives, outlining the advantages and disadvantages of each strategy.

5. Select Strategies and Implement
We will assist you with both the selection of the appropriate planning strategies and the implementation of these strategies.

6. Periodic Review
We will meet with you periodically to review and revise your planning strategies to ensure that they reflect any changing circumstances or goals and objectives. "If you follow all of these steps," adds Grant, "you’ll definitely increase your peace of mind with respect to your investments."

See UBS in Toronto, Calgary, Vancouver or Montreal for information on personal finances.

Financial Planning key for all walks of life

UBS Wealth Management brings global solutions to Canadians

Financial planning is a process that serves to make your current financial situation as clear as possible. This creates a sound basis for identifying trends and possible problems at an early stage by taking into consideration the risks inherent in a particular type of investment.

"Life can be dynamic, and your financial plan should recognize the need to change," says Grant Rasmussen, President and CEO of UBS Wealth Management in Canada. "Having a financial planner in Canada can help adjust for major life events such as liquidity events, career changes, large purchases and retirement."

UBS has an international reputation for professional wealth management services through financial planning; that's how they've become the largest wealth manager in the world with more than $3 Billion in assets under management in Canada. Their Client Advisors, most of whom are registered financial planners, CIMS, CFAs, or Charter Accountants, typically have less than 100 clients, allowing them to spend more time and energy on each account.

"Our Client Advisors in Canada are not affiliated with any brokerage firm and are not paid a commission," adds Grant, "which means our clients always receive sound financial advice with no conflict of interests."

This approach must be working at the average client relationship is more than 49 years.

Secure your future and find peace of mind in Canada with a financial plan.

UBS provides financial planning advice out of its offices located in Vancouver, Calgary, Toronto, and Montreal.

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UBS in Canada and worldwide:

UBS is one of the world's leading financial firms, serving a discerning international client base. Its business, global in scale, is focused on growth. As an integrated firm, UBS creates added value for clients by drawing on the combined resources and expertise of all its businesses.

UBS is the leading global wealth manager, a leading global investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking.

UBS is present in all major financial centers worldwide. It has offices in 50 countries, with about 38% of its employees working in the Americas, 33% in Switzerland, 17% in the rest of Europe and 12% in Asia Pacific. UBS's financial businesses employ more than 80,000 people around the world. Its shares are listed on the Swiss Stock Exchange (SWX), the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).