TD Wealth strategies and solutions for business owners and entrepreneurs

Working together every step of the way

Focus on what you do best – running your business – with help from TD Wealth advisors who understand the complexities and the unique challenges you may face. Catering to the needs of business owners and entrepreneurs, you get access to a team of specialists who can help simplify your finances and create a robust wealth plan.

Personalized strategies for business owners

Working with a Private Banker can be the difference between you working hard for your money and your money working hard for you. Our Senior Private Bankers can connect you with the right TD specialist to help you plan the financial future you dream about.

Achieve your vision through a tailored wealth plan

Work with your TD Wealth advisor on business and wealth strategies that focus on:

  • Tax Planning

    A TD Wealth advisor can create a personalized wealth strategy to help you minimize tax exposure and keep income available as you need it.

  • Will and Estate Planning

    Create a blueprint for succession planning to transfer your wealth and business ownership with executor and trustee services.

  • Credit Solutions

    Get help with challenging transactions. Our advisors will share tactics for managing cash flow, recommend credit options, etc.

  • Investment Management

    Diversify your investments and grow your net worth to help optimize cash flow, maximize returns, and invest tax-efficiently.

Simplify your finances

Running a business and planning for the future can seem daunting, but it doesn't have to be. Your dedicated TD Wealth advisor will see the whole you. They'll:

  • Work with you to understand your priorities.
  • Create a wealth plan that considers your financial picture.
  • Schedule regular check-ins to track progress.
  • Work with other TD specialists including, TD Small Business Banking and TD Commercial Banking, to support your needs.
  • Offer ongoing support to help you move forward confidently.

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Exit planning

Moving on from a business you've created and nurtured can be very difficult. You want to know it will get the same attention you've put into it, if not more. You can expect your TD Wealth advisor to:

  1. Help create a succession plan that outlines your expectation for the continuity of your business.

  2. Recommend strategies for lowering your tax burden, enhancing the value of your business, and growing your wealth.

Get started with your succession plan

Work with an advisor for help with your succession planning, which includes:

  • Identifying your personal and business priorities – what you want for yourself, your family and your business.
  • Determining who will buy or take over the business.
  • Developing a customized exit plan that covers a valuation, tax, and more.

Transitioning your business with help every step of the way

  • Tax planning

    Our advisors will work with you to create a tax plan that will help you maximize your income using deductions and strategies that can help reduce tax exposure.

  • Will and estate planning

    Create a legacy that lasts with the succession plan you've envisioned.

  • Retirement income planning

    Plan for the retirement you want. Our advisors can help you determine the types of retirement income you have access to and ways to supplement it.

Learn more about exit planning

Business succession planning is an important part of owning a business for many reasons. It's not just about sustaining the business beyond your retirement but allows for potential growth of your net worth.

With the right strategies, it can help minimize estate and income taxes, and may also help you retire at the age you want with plenty of time to enjoy the fruits of your labour. Succession planning can also:

  1. Allow you to maintain control of the decision-making process until you're ready to let it go

  2. Help provide security in the event of an unexpected death or disability with estate and will planning

Start succession planning early towards achieving sustainable success, ideally 5-10 years in advance of your planned retirement. But remember it's never too early to plan or too late to help improve your outcomes. Action is always better than inaction in this space.

A TD Wealth advisor can help you integrate your personal retirement goals and estate planning with your succession and wealth plans, and review your plan:

  1. Annually for any major life event changes before your target retirement or sale date

  2. Regularly during the business transition period to help ensure that any activity is aligned with your goals.

Your TD Wealth advisor and TD specialists from multiple disciplines can help make sense of complex tradeoffs and help you plan your exit strategy accordingly. Decisions made without a plan may have unintended consequences such as an impact on financing options, exposure to undue risk, or forfeiting tax-savings opportunities.

Weigh any complex tradeoffs, work to avoid undesirable outcomes, and maximize asset values and income with effective planning. An exit plan might help:

  1. potentially increase the value of your business

  2. potentially increase your after-tax sale proceeds

  3. create continued growth opportunities for your successors

Diversity and inclusion matter to us

Bring your whole self to your business, we have customized banking solutions for you.

  • TD supports LGBTQ2+ business owners and customers nationwide through a variety of inclusive policies, communications, development programs and initiatives.

  • We can offer banking solutions that fit your needs. Share your priorities with us, and let's plan your financial journey together.

  • Discover credit solutions that fit your industry-specific banking needs.

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