Our services and our approach
Our services
- Retirement planning analysis
- Calculation of monetary needs for retirement
- Implementation of disbursement strategy
- Optimal portfolio construction
- Personal insurance analysis and recommendations
- Optimization of existing products
- Estate planning
For the sake of consistency and to achieve our growth objectives, Prosphère has taken the initiative of individualizing all its business services for other corporations of which we remain owners.
Retaining our same values and exceptional team, our sister companies BCH Collectif and Orchestro have established the same reputation in recent years and are distinguished by the recognized satisfaction of their customers.
Our approach
Our approach is guided by our extensive experience. We distinguish ourselves through our efficient and easily accessible methods.
From identifying your objectives to monitoring your progress after implementing the action plan determined with your advisor, our approach is personalized and human to represent you as faithfully as possible.
Given the differing needs of individuals and entrepreneurs, our approach must be tailored accordingly.
Please select the option that best meets your needs.
- Individual
- Professionals and Businesses
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1. Identify goals and objectivesThis preliminary step to better understand your situation allows us to discover your short, mid and long-term needs as well as your concerns.
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2. Gathering relevant data
We look at past decisions and examine to what extent they can lead you to where you wish to go.
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3. Identification of improvement opportunities
For a full series of analysis, we look at how to accelerate the achievement of your personal and financial objectives. These steps can be translated into components within our analysis sphere. Based on the objectives, we can perform all or only some of the processes.
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Step A Cash and liquidity analysis At this step, we look at your various sources of income as well as monthly and yearly obligations. We also look at how you have used credit and the effect this has on your financial life.
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Step B Managing the risk of death This analysis affects all of your family. We evaluate a range of risks as varied as:
- first expenses following a death;
- loss of revenue following the death of a family pillar;
- payment of creditors for the survivors;
- cost of share buybacks between spouses in regards to your testamentary intentions (stepfamilies);
- payment of taxes arising from a death
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Step C Disability risk management Understanding the impacts on your family of the disability of one of its members.
Calculation of monthly loss of earnings and additional expenses resulting from a disability or illness.
Analysis of the solutions already implemented to achieve the projected goals.
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Step D Retirement planning and asset allocation Today, retirement can be a period as long as a career. This reality puts enormous pressure on saving during our working years, hence the importance of a good plan. We project your assets in the future in order to see if the pace of savings and growth will be sufficient to achieve your objectives.
We then study your entire asset portfolio to understand its strengths and weaknesses. This is done in parallel with your capacity to take or not take certain risks to analyze if your current strategy can be detrimental to you in the long-term.
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Step E Tax and estate planning You have an array of experts close to you; we can also be a part of them.
We offer you an external opinion on your situation. The goal is not to replace the people you trust, but to offer a second opinion to ensure that all of the legal and tax aspects have been considered, even those that might sometimes go unnoticed:
- analysis of your devolution strategy in the event of death;
- analysis of the tax effectiveness of your structure;
- analysis of estate cash flow to cover estate tax.
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4. Submission of the financial plan and an action plan targeted by your priorities
After one or all of the analysis, the time has come to examine your options to improve your situation and to prioritize them, all the while considering time and cash flow constraints to get it all achieved.
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5. Implementation of the action plan
At this step, we put all of our energy on the implementation of our recommendations and the creation of the value attached to our recommendations. In sum, you are on your way to achieving your objectives!
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6. Monitor your progress
To maintain an updated plan and to ensure that we are always complying with your objectives, we proceed to a review of your plan and of the results according to a schedule that is suitable to you and your situation.
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1. Identify goals and objectives
This preliminary step ensures a sound understanding of the business’s situation and of the directors’ intentions. We seek to find what sets the business apart, its short, mid and long-term needs as well as the directors’ concerns.
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2. Gathering relevant data
We look at past decisions and analyze to what extent they can lead you to where you wish to go.
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3. Identification of improvement opportunities
With a full series of analysis, we look at how to accelerate the achievement of the corporate objectives and those of its directors. These steps can be translated into components of our analysis. Based on the objectives, we can perform all or only certain elements of the process.
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Step A Managing the risk of death This analysis concerns the owner, the associates as well as key staff.
We evaluate a range of risks as varied as:- protection of the business’s creditors;
- loss of revenue after the death of an associate or of a key staff member;
- loss of corporate value for surviving shareholders;
- cost of share buybacks between partners in respect of the shareholders’ agreement;
- funding for the payment of taxes arising from a death
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Step B Disability risk management - Understanding the impacts that the disability of a director or key staff member would have on the business;
- Calculation of the cost of replacing a director on the organization’s profitability;
- Analysis of the solutions already implemented in regards to the objectives.
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Step C Retirement planning and asset allocation Your business is an important part of your retirement estate but it is often your riskiest investment. However, you have control over a multitude of factors that can have positive repercussions on the final result.
We will forecast your future assets in order to see if the pace of your savings and growth suffice to achieve your objectives.
Thereafter, we analyze your entire asset portfolio to understand its strengths and weaknesses. This is done in parallel with the analysis of your capacity to take (or not) certain risks in order to analyze if your current strategy can be detrimental to you in the long-term.
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Step D Analysis of employee benefits Please refer to our Group Insurance and Group Annuity Management section for details.
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Step E Tax and estate planning You have an array of experts close to you; we can also be a part of them.
We offer you an external opinion on your situation. The goal is not to replace the people you trust but to offer a second opinion to ensure that all the legal and tax aspects have been considered, even those that might sometimes go unnoticed:- analysis of the shareholder agreement;
- analysis of your devolution strategy in the event of a death;
- analysis of the tax effectiveness of your structure;
- analysis of the estate cash flow in order to cover estate tax.
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4. Submission of the financial plan and an action plan targeted by your priorities
After one or all of the analysis have been carried out, it is time to review the available improvement options and to prioritize them, taking into consideration time and cash flow constraints to get it all achieved.
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5. Implementation of the action plan
At this step, we put all of our energy on the implementation of our recommendations and the creation of the value attached to our recommendations. In sum, you are on your way to achieving your objectives!
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6. Monitor your progress
To maintain an updated plan and to ensure that we continue to comply with your objectives, we proceed to a review of your plan and of the results according to a schedule that suits you and your situation.
Testimonials from our customers
