The Bay West Group Inc. works with trusted advisors as part of our Corporate Services Team. Each team member brings an in-depth understanding and specialized experience in building and protecting corporate wealth.
Financial planning, investment advice, and other financial services add to the future stability and growth potential of our corporate Clients. Our corporate wealth management services include:
- Group retirement programs – we help employers build programs for their employees where the employee can choose to contribute to an employer-sponsored RRSP fund. These flexible options allow employees to choose how the funds are invested and how much they wish to contribute to these benefit plans. Plans include: group RSP's, Deferred Profit Sharing Plans (DPSP) and Defined Benefit (DBPP).
- Individual Pension Plans (IPP) - this type of employer-sponsored benefits plan helps employees augment their retirement savings. We can help employers build a plan and program for their employees, and help the employees understand the features and benefits of the program.
- Retirement Compensation Agreements (RCA) – an arrangement between an employer and their employees whereby each party makes contributions to a custodian trust (like a bank or other financial institution). This custodian trust holds the securities for safekeeping on behalf of the employer and the employees. We can help you develop and direct these complex agreements and ensure your employees clearly understand the features and benefits of the plan.
- Business succession planning – we can help guide business owners through the process of selling their business. We bring in tax and legal advisors as part of the client team, to help clients understand the value of their business and how to transition, when to transition and whom to transition to. We can even make introductions to mergers and acquisition teams.