Stewart & Kett
in the media

“Wealth is a factor of not only how much you make, but how much you keep,” says Cynthia Kett, an advice-only financial advisor and principal at Stewart & Kett Financial Advisors Inc., in Toronto.

Because lawsuits exceeding $2-million are commonplace nowadays, even less-wealthy individuals need substantial personal liability coverage, says Cynthia Kett, principal at Toronto’s Stewart & Kett Financial Advisors Inc.

Are you trying to gain clients with your smarts? Cynthia Kett, principal at Stewart & Kett Financial Advisors in Toronto, offered an additional challenge: stretch your limits as a professional. “That’s when growth happens,” she said.

Cynthia Kett, principal at Stewart & Kett Financial Advisors in Toronto, says many of the estates she deals with don’t use a professional executor. “If there are a lot of assets in joint name, and everything is rolling over to a surviving spouse outright, that kind of estate would not need a professional executor,” she says.

Cynthia Kett from Toronto-based Stewart & Kett Financial Advisors Inc. says much of that market risk is offset by the company's contribution. A four-to-one share plan, for example, can be considered a 25-per-cent guaranteed gain before the shares even trade.

One advantage that will remain in place, however, is the Individual Pension Plan (IPP). "Contributions are deductible by the operating company, and income accumulates tax-free in the plan until benefits are paid to the owner as pension income," says Cynthia Kett, an accountant and financial advisor with Stewart & Kett Financial Advisors in Toronto. Also, its income is eligible for income splitting.

"I would say that it's time to move on when clients no longer trust their advisor or when their needs change," says Ms. Kett. "An advisor who was suitable in the past may not be the best choice for the client's current circumstances."

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Certified financial planner Cynthia Kett advises clients to do a checkup on their finances at least once a year to ensure they're on track with their goals. January is often a good time to conduct a budget review because you'll have the benefit of the full year's receipts and expenses, she says.