Petrov Wealth Management Group of RBC Dominion Securities
Conviction, Discipline, Patience
"Build a financial wall around you and your family nothing can get through" - Jim Rohn
Success is predicated on conviction, discipline and patience. These very principles make up the foundation on which we build personalized financial plans and investment portfolios for affluent business owners, executives, professionals and retirees. Our clients expect institutional quality with a private client experience.
Your hard-earned resources are a means to an end. We seek to understand your vision and our mission is to be your financial coach in getting you there leaving no stone unturned in the process. This involves protecting your assets against inflation, taxation, market fluctuations, and emotional decisions while focusing on long-term, sustainable growth.
Professionals at your service
The Petrov Wealth Management Group is a multi-disciplinary team that delivers first class advice and service to our clients. Each team member plays a key role in helping you achieve your desired outcomes even in some of the most complex cases. Our highly-specialized team is devoted to cover all the angles from advanced wealth planning and investment management to account administration, reporting and day-to-day operations.
It all starts with you
Our personal approach and personalized service centres on you, and it begins with getting to know you, your needs, and your goals.
What we do
We design investment portfolios tailored to your current and future needs, using a disciplined process to keep you on track. Whether your goal is growing wealth, generating income, minimizing taxes, or retirement planning, we customize solutions to your circumstances. Before recommending anything, we review your financial situation, define your risk tolerance, and set realistic long-term objectives aligned with your comfort level. We may also connect you with RBC specialists in insurance, estate planning, and business planning to ensure every financial need and life stage is planned for.
How we do it
Our four-step portfolio process is designed to keep your investments aligned with your goals at every stage. We begin with a discovery meeting to understand your needs, goals, time horizon, and risk tolerance. Next, we develop an Investment Policy Statement as the guiding principles for managing your portfolio. Using this foundation, we build a personalized mix of stocks, bonds, and cash, collaborating with investment strategists and research analysts. Finally, we consistently monitor and review your portfolio, adjusting to maintain alignment with your objectives in changing market conditions.
Wealth Plan
The foundation of Wealth Management
A written financial plan is instrumental to achieving your objectives. We believe finding opportunities to maximize your net-worth through careful planning is senior to taking unnecessary risk with your portfolio.
Our Wealth Management process is as follows:
1. We take a snapshot of your current financial situation and get a deep understanding of your motivations
2. We write out a formal plan
3. We design a tailor-made investment portfolio that will get the plan through to completion
4. We regularly review and make adjustments along the way
A written financial plan will provide answers to the following questions:
- How much capital you need to accumulate in order to be able to retire comfortably and stay comfortably retired?
- Will you outlive your money?
- Should you consider an IPP instead of an RRSP (Business owners only)?
- When should you convert your RRSP to a RRIF?
- You are receiving a lump sum - should you pay off your mortgage?
- When should you take your QPP (Quebec Pension Plan)?
- Are there any opportunities to protect your OAS (Old Age Security) pension from a claw-back?
- In what order should you draw down your assets in retirement (Non-registered, RRSP, TFSA, Holding Company) and what are the tax implications?
- When should you take money out tax-free from your CDA balance in your holding company?
- Are there any income-splitting opportunities through a family trust?
- Should you consider setting up a charitable foundation?
- How to allocate your investments in the most tax-efficient manner?
- How would a market correction impact your ability to retire comfortably and stay comfortably retired?
- What is the required rate of return on your portfolio for your retirement objectives to be achieved?
- How to achieve this rate of return with the least amount of risk?
- How much of your estate will be shrunk by taxes?
- How do you transfer your wealth to the next generation in the most tax-efficient manner?
Petrov Blog
Read the latest on markets and more from our team as well as experts and thought leaders at RBC.