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Do High-Net-Worth Wealth Plans Require a Team Effort?

Do High-Net-Worth Wealth Plans Require a Team Effort

Investment professionals are often turned to for guidance on wealth plans. However, if you are a high-net-worth individual or family it’s likely that your financial situation is more complicated than the average, which means there are times your investment professional may wish to engage specialists on your behalf.

Why Do High-Net-Worth Wealth Plans Require a Team Effort?

Engaging external resources such as accountants, lawyers or insurance professionals means that you can work with a team of specialists who can each bring their fresh perspectives to your particular needs and objectives. Their individual expertise may be necessary to implement your wealth plan as effectively as possible.

For instance, a lawyer can help you address legal aspects of a large transaction, while a tax accountant can provide strategies to minimize your tax obligations.

What to Watch for in a Team Effort

Open communication amongst all of the specialists is important. Everyone must be on the same page as soon as a major life event takes place or market conditions change, to determine if action should be taken.

Your “team” should have your best interests in mind to bring about greater efficiencies, potentially uncovering opportunities to protect or grow your wealth and building something better together.

Working with a trusted and collaborative team makes a difference to a holistic wealth plan and will help you to meet your financial objectives. At Bloom Investment Counsel, Inc. we are happy to work with all your trusted partners to protect, preserve and build lasting wealth, tailored for you, your family, business and future.

Your Customized Investment Management Solution with Bloom Investment Counsel, Inc.

Established in 1985, Bloom Investment Counsel, Inc. is a Toronto-based independent, privately-owned boutique investment management firm with experience in managing in excess of $2.5B in assets over the years.

We are an independent investment manager that provides and actively manages customized Canadian and U.S. dividend-paying portfolios for wealthy individuals, family offices, foundations, corporations, institutions and trusts.

For over 25 years, we have specialized in one thing and we strive to be the best at it—investing in income-generating investments, specifically dividend-paying stocks.

If you are looking for a personal investment manager, one that can help you generate income, if needed, and growth, we may be who you are looking for. Let’s Talk. Call us at +1-416-861-9941 or email us at

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This content is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. Individual circumstances and current events are critical to sound investment planning; anyone wishing to act on this content should consult with his or her financial partner or advisor.

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