As a lawyer, you are unique and therefore have financial planning needs that require specialists in the area of wealth accumulation, tax minimization and corporate planning.
The best lawyers have honed their skill to work on cases and files that relate to specific and unique circumstances, areas and clients. When you seek out professionals for advice on tax, healthcare, real estate and travel, you most likely want a specialized professional to provide you advice.
Why? Because we know that long-term detailed experience in specific scenarios provides you, the client, with the largest probability of success in your outcomes. However, in our experience, lawyers do not take this same approach to their personal wealth management planning. Due to the product and generalist approach of many financial advisors, areas tend to be overlooked and opportunities missed.
After having interviewed over 200 individual lawyers in the Vancouver area, we have uncovered the most overlooked financial strategies by legal professionals and their financial teams. Given our experience working with lawyers for over a decade, we have seen the good and the bad in terms of how individuals in the legal profession have taken steps to improve net worth and reduce tax.
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