• What should I look for in a Kamloops financial advisor?

    A Kamloops financial advisor should be able to look beyond investments and understand how the different parts of your financial life affect one another. For business owners, incorporated professionals and high-net-worth families, that can mean coordinating corporate assets, personal investments, tax planning, retirement income, insurance, estate planning and business succession.

    Kennedy & Associates takes an integrated approach, bringing these areas together into one clear financial plan.

  • Do you work with clients looking for a Vernon financial advisor?

    Yes. Kennedy & Associates has offices in Kamloops, Vernon and Salmon Arm and works with clients throughout the region.

    Someone looking for a Vernon financial advisor can access the same coordinated approach to tax planning, investments, retirement, corporate wealth, insurance and estate planning.

  • What does Vernon wealth management include?

    For clients with more complex financial lives, Vernon wealth management may include coordinating investments with tax strategy, retirement income, corporate assets, insurance, estate planning and long-term wealth transfer.

    This can be particularly important for business owners and incorporated professionals who need their business and personal finances to work as one plan rather than as separate pieces.

  • Can I work with a Salmon Arm financial advisor through Kennedy & Associates?

    Yes. Kennedy & Associates has an office in Salmon Arm in addition to its Kamloops and Vernon locations.
     
    A Salmon Arm financial advisor can help bring together retirement planning, tax strategy, investments, corporate wealth and estate considerations so you have a clearer picture of how your finances support your long-term goals.

  • How can a financial planner help small business owners?

    A financial planner for small business owners should understand that the business is often closely connected to the owner’s personal wealth and retirement plans.
     
    Planning may include deciding what money should remain in the corporation, how much should be taken out personally, how retained earnings can be used effectively, how to reduce unnecessary tax and how to build retirement wealth outside the business.
     
    It can also include preparing for an eventual sale or succession well before the owner is ready to leave.

  • What is the difference between a financial advisor, financial planner and financial consultant?

    These terms can sometimes be used broadly, so it is more useful to understand the actual scope of advice being provided.
     
    A financial consultant or financial advisor may help with different aspects of your finances, while comprehensive financial planning looks at how investments, tax, retirement, insurance, estate planning, cash flow and other decisions fit together. For people with more complex finances, the value often comes from coordinating all of these areas rather than addressing them individually.

  • Why might I want to work with a CERTIFIED FINANCIAL PLANNER® professional?

    A CERTIFIED FINANCIAL PLANNER® professional has completed education, examination and professional requirements related to comprehensive financial planning.
     
    For clients with business interests, corporate assets, significant investments or complex retirement and estate considerations, comprehensive planning can be especially valuable because decisions in one area can have significant effects elsewhere.

  • What is high-net-worth wealth management?

    High-net-worth wealth management is designed for people and families whose financial lives have become more complex as their wealth has grown.
     
    Rather than focusing only on investments, planning may need to coordinate personal and corporate assets, tax strategies, retirement income, estate planning, insurance and intergenerational wealth transfer. Kennedy & Associates’ approach is specifically built around bringing these different parts of a client’s financial life into one coordinated strategy.

  • What does private wealth management involve?

    Private wealth management typically takes a broader view of wealth than investment management alone. Kennedy & Associates works with business owners, professionals and families whose wealth may include corporations, investments, real estate and other assets, helping connect those pieces through tax, retirement, investment, insurance and estate planning.
     
    The objective is to create a financial plan that remains useful as income, businesses, family priorities and retirement goals change over time.

  • When should I speak with a financial advisor?

    You do not need to wait for a major financial event. Many people speak with a financial advisor when their finances have simply become harder to coordinate.
     
    That might happen as income increases, a corporation accumulates significant savings, retirement approaches, a business transition becomes more likely or estate and family considerations become more important. At that point, having one plan connecting tax, investments, retirement and long-term wealth decisions can make the next steps much easier to evaluate.