Understanding your financial aspirations and working hard to make them a reality
At Pallett Private Wealth, we deliver comprehensive wealth management strategies to strengthen and safeguard your wealth. Our holistic approach covers all corners of your financial picture, going beyond the numbers to learn about you, your dreams, and your goals. By utilizing our in-house expertise, RBC’s network of industry-leading specialists, as well as the resources available to us as one of Canada’s leading financial institutions, we strive to consistently provide you with first-class service, expert advice, and financial peace of mind.
The right people to help you bridge the gap
Dedicated to our clients, our team works hard to ensure you are able to take the next step in your financial journey. By leveraging our collective strengths and collaborating with our extended team of specialists, we work hard to make your dreams a reality.
Drew Pallett
Angela Zinck Pallett
Alex Fowler
Anita Kartalija
Linda Stragliotto
Lindsay Lu
Meghna Kohli
Our philosophy
Our foundation for building your future
Pallett Private Wealth’s three guiding principles set our team apart from the rest. For over two decades, our dedicated team of experts continues to uphold our values and live our service standard, every day. Through diligence and discipline, we strive to consistently meet and exceed our clients’ expectations, while making sure that everything is on the right track to meet their goals.
Our goal is to ensure that you meet yours. We provide total wealth management solutions that aim to meet your needs and align your personal and professional goals, relieving any financial concerns so that you can focus on what you enjoy most in life.
We are meticulous in our research, comprehensive in our planning, and efficient in our implementation. Our investment solutions are just one part of our holistic wealth management process, and by learning about your values, personal history, and desired outcome, we can identify areas of opportunity and act on strategies that will, over time, fulfil your dreams.
We honour the trust our clients place in us by delivering high-quality service with great care. Building your wealth while ensuring your comfort is our highest priority, and we promise that every step we take is in your best interests.
Our approach
Bridging the gap between today’s dreams and tomorrow’s reality
At Pallett Private Wealth, our purpose is to deliver you to your dream financial destination. Just like any great business plan, a financial plan must be meticulously created. Through in-depth research and professional collaboration, our wealth management strategies are fine-tuned to your specific needs. From introduction to implementation, we ensure that your plan is expertly executed and consistently monitored to reflect your goals as your life changes. Through client discussions, ongoing evaluations, and market research, managing your wealth with great care is our first priority – and never done.
“We don’t simply tell you what you need – rather, we learn about you, your dreams, and your values, and then prioritize the steps we need to take in order to help you achieve them.”
–Drew Pallett, Senior Portfolio Manager & Investment Advisor
How we get you there:
In-depth interview
This meeting is the foundation for all investment decisions, as we learn all about who you are, what you value, and what you want your financial future to look like. We consider your goals, risk tolerance, and time horizon, and cover areas of personal finance, business finance, succession planning, Will and estate planning, tax strategies, retirement, and more.
In-depth interview
This meeting is the foundation for all investment decisions, as we learn all about who you are, what you value, and what you want your financial future to look like. We consider your goals, risk tolerance, and time horizon, and cover areas of personal finance, business finance, succession planning, Will and estate planning, tax strategies, retirement, and more.
Case studies
Client case studies
At Pallett Private Wealth, we understand that unique circumstances require unique solutions. That’s why our wealth management strategies are fine-tuned to your specific needs. Read the stories below to discover more about how we tailor our approach.
Retirees seeking stability and predictability
Background
Kevin and Marilyn, a couple in their mid-60s, sold their business and recently retired. Despite their successful accumulation of wealth, they were concerned by the sudden absence of business-generated cash flow and were seeking stability and predictability with their finances. They were looking for a way to effectively manage their retirement income, and wanted their assets managed in a way that mitigates risk while increasing tax efficiency, long-term consistency, and growth. The couple also wanted to establish a plan to provide for their children and grandchildren in a tax-efficient manner.
Challenges
- Ensure a consistent and predictable retirement income that would be sustainable and tax-efficient during future market declines.
- Meet their estate and succession planning goals.
- Allocate assets among personal and corporate accounts with tax efficiency in mind.
- Plan for potential long-term care needs.
- Leave a financial legacy for their children and grandchildren.
Our approach
Through comprehensive analysis, we developed a custom investment and retirement plan focused on sustainability, tax efficiency, and diversification. Balancing security with growth, the plan aims to provide income for Kevin and Marilyn’s retirement years while also building a legacy to leave for future generations.
The transition from being a business owner to becoming a retiree can sometimes be challenging, so our team developed a comprehensive report to help Kevin and Marilyn better understand their financial picture. This report included a snapshot of their existing situation and net worth statement, projections of future asset values, cash flows, tax burdens, and recommended strategies, with clear steps to take moving forward. With the future in mind, we worked closely with Kevin and Marilyn’s tax advisor to ensure assets were efficiently allocated, and with their attorney to establish and implement a long-term care fund. This ensures the couple’s current needs will be met and that their legacy will be passed to their children and grandchildren in the way they desired.
Outcome
With a clear financial plan and integrated estate roadmap, Kevin and Marilyn can now focus on enjoying their retirement and spending time with family.
Insights
There is a big gap between discussing solutions to problems and actively solving them. Our team is good at what we do because we close that gap – we not only provide meticulously planned strategies, but also work hard to deliver on them.
—Drew Pallett, Senior Portfolio Manager & Investment Advisor
Pallett Private Wealth
With you every step of your financial journey
Email:pallettprivatewealth@rbc.com
Phone:905-897-8342