footing financially is essential due to their long-lasting wellbeing. And when their moms and dads are actually your customers, a new couple represents a great possibility to produce a practice that is multi-generational
John Smith, 27, the son of 1 of the favourite customers, simply got hitched. Included in his wedding present, their moms and dads provided him a lump-sum money present. Should he utilize the cash to put an advance payment on a property or pay back their massive pupil financial obligation?
If John is much like many young newlyweds, states Jean Richard, vice president and consultant with Toronto-based BMO Nesbitt Burns Inc.‘s wealth-management group in Montreal, these concerns might not have crossed John’s head.