Wealth and Financial Planning Archives

Recession coming? Stay calm and hold to your financial planning strategy

Leave a Comment / Wealth and Financial Planning / By Bridgewell Financial

An economic downturn could be looming in early 2023, inflation is running high and headlines are filled with doom and gloom. That’s exactly why it’s important stay calm and remember the power of long-term financial planning. Your financial wellness depends on it. Here’s why: With markets under pressure and interest rates surging, it’s natural to …

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business people thinking about corporate financial planning opportunities

Overlooked financial planning opportunities—Corporate finance edition

Leave a Comment / Wealth and Financial Planning / By Bridgewell Financial

Founding, managing and growing a business—as so many entrepreneurs will advise—is not for the faint-hearted. It’s a thrilling, time-consuming labour of love that requires a business owner to wear many hats in order to steer their organization toward success. The same is true if they’re an incorporated professional, where the need to build and service …

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Overlooked financial planning opportunities: Personal finance edition

Leave a Comment / Wealth and Financial Planning / By Bridgewell Financial

Achieving personal financial wellness is a journey rather than a destination. The process evolves over time with your changing circumstances—the start of a new business, the arrival of children, the sale of a business or a change of industry, as just a few examples—and requires constant reassessment. The financial planning strategy you employ today could …

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Support the Bridgewell team as we fundraise for the Sunrise Challenge

Leave a Comment / Wealth and Financial Planning / By Bridgewell Financial

One of our core values at Bridgewell Financial is to give back to the community, as often an in as many varied ways as we can. That explains why we support a range of causes each year. One of our favourites is the Centre for Addiction and Mental Health—an organization dedicated to helping Canadians address …

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Business succession takeaways from the Bridgewell Sessions Vol. 2

Leave a Comment / Wealth and Financial Planning / By Bridgewell Financial

Building a business with the goal of eventually selling to an external buyer, or transitioning it to the next generation, means doing what it takes to remove yourself from its daily operation and taking strategic steps to enhance the company’s value. In other words, it pays to make yourself obsolete as a business owner/operator when …

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The Bridgewell Sessions Vol. 2 — Meet our panel of business succession specialists

Leave a Comment / Wealth and Financial Planning / By Bridgewell Financial

Most entrepreneurs dream of founding, operating and growing a thriving business. Few will ever produce a start-up plan that accounts for their eventual exit. That’s because business succession planning is often de-emphasized or overlooked when day-to-day operations and expansion are a leader’s top priority. A better approach is to plan ahead, building your business on …

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Structuring shareholder agreements: Lessons from the Rogers family feud

Leave a Comment / Wealth and Financial Planning / By Bridgewell Financial

The highly-analyzed saga of the Rogers family has taught us more than a few lessons about business succession, family governance—especially when large sums of wealth are involved—and the need to carefully envision the future you want for your family once the main wealth builder passes on. But it’s also a clear lesson in the importance …

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A focus on financial wellness: One reason why family businesses outperform

Leave a Comment / Wealth and Financial Planning / By Bridgewell Financial

If there was an uplifting business story that emerged from the coronavirus pandemic—and despite the often dire headlines, there were many—it was the relatively strong performance of family businesses in Canada. While they were dealt an immediate financial blow as the COVID-19 crisis took hold and social distancing restrictions impacted organizations across sectors, their resiliency …

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Why now is the perfect time for a financial wellness re-set

Leave a Comment / Wealth and Financial Planning / By Bridgewell Financial

There comes a point during any lengthy period of adversity when the most immediate challenges begin to subside and we get a chance to step back, re-assess the situation and take stock of all that’s just unfolded. Like the fourth wave of a major global pandemic, for example. This economic, public health, financial and social …

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Business succession: How to position your company for a sale

Leave a Comment / Wealth and Financial Planning / By Bridgewell Financial

It’s a special day when an entrepreneur achieves their lifelong dream: transitioning to the next phase in life by making a financially-beneficial exit from their company. For most, achieving that goal will take a great deal of hard work and business succession planning. While we’re conditioned by media reports to believe that billion-dollar business sales …

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