Performance figures for each account are calculated using time weighted rate of returns on a daily basis. The Composite returns are calculated based on the asset-weighted monthly composite constituents based on beginning of month asset mix and include the reinvestment of all earnings as of the payment date. Composite returns are as follows:

The Family Business Life Cycle: Creating & Distributing Wealth

Wed, April 6, 2022
10:00 AM PST / 1:00 PM EST

About the Event

Wealth can be created at each stage of the life cycle of the family business. The foundation established early on will create a harvest at a later time. Many families experience turbulence when transitioning their businesses (and wealth) to the next generation. It needn’t be so. Being proactive in your approach to this critical subject can successfully prepare the recipients of your wealth and ensure the continuity of your business, and your legacy. We know what issues typically arise at each step along the journey—the key for clients is to anticipate and prepare for them throughout the various stages.

Join us on April 6th as Wealth Advisors Ron Haik and Karisa Schaitel alongside our in-house family dynamics expert Rick Goossen, share the most common obstacles families face when creating wealth through the life cycle of the family business and what you can learn from the mistakes we commonly see in family businesses.

In this interactive session, we will cover the keys to building and sustaining wealth while maintaining harmony within your family business:

  1.  Good communication & transparency
  2. Shareholder agreements
  3. Good governance
  4. Entrepreneurial culture
  5. Systems, not personalities
  6. Risk mitigation
  7. Tax Minimization
  8. Remuneration & payments to shareholders
  9. Estate planning

Speakers

Rick Goossen, BA(Hons), JD, LLM, PhD

Business Development

Rick Goossen is a member of Nicola Wealth’s Business Development team. He brings with him an extensive background in the finance and legal industries, including five years in Hong Kong with the largest law firm and a merchant bank.

Rick has extensive experience with high net worth individuals and families, working with them in both a financial and governance capacity. He thrives on understanding the business and entrepreneurial journey of individuals and families and then using creative and strategic thinking skills to help them succeed.

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Ron Haik, MBA, CFP, CIM, FCSI, CIWM, TEP

Wealth Advisor | Client Relationship Manager

Ron Haik is a Senior Wealth Advisor | Client Relationship Manager in the firm’s Toronto office, with over 20 years of experience in the financial services industry. He has gained a breadth of experience working with some of the world’s largest financial institutions advising clients in a variety of roles, such as Financial Planner and Investment Advisor, in the areas of domestic and offshore planning for the high net worth segment.

Ron’s unique experience working in the private banking world both internationally and domestically gives him critical strategic insight into his high net worth client’s financial issues and needs. Ron is a seasoned lecturer at industry and association conferences, seminars and post secondary schools across Canada, as a subject matter expert on investments and planning for incorporated professionals.  Ron holds an MBA with a double-major in finance and financial services from the Schulich School of Business.

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Karisa Schaitel, CPA, CA, CMA, CFP

Wealth Advisor | Client Relationship Manager

Karisa Schaitel brings with her over 15 years of banking, investment, and wealth management experience both within Canada and internationally.

Most recently, Karisa spent four years as a Financial & Tax Planner at a Vancouver-based independent, full-service investment firm. Karisa is a Chartered Professional Accountant (CPA), Chartered Accountant (CA), Certified Management Accountant (CMA) and Certified Financial Planner (CFP).

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