Business Succession Planning

Your overall wealth strategy and succession plan

The management of your wealth, including financial, tax and estate planning, applies to your personal and business assets. As a business owner, succession planning is also about passing on your values, as well as your day-to-day responsibilities, to the next generation of your business’ leadership.

When it comes to business planning, there is no one-size-fits-all approach. As a Private Client Group client, your dedicated TD relationship team consists of our internal and external specialists who are united in one goal: understanding and addressing the distinct needs of your business, your valued employees and your family’s wealth.

Planning that's focused on you from the start

Our interdisciplinary team conducts a comprehensive discovery process to really get to know you, your family and your personal and business goals. This provides us with the foundation for your personalized plan.

You'll have access to the strengths and experience of our entire organization and will be guided through a range of suggested solutions customized based on your needs and goals.

Our planning process

From the start, you will benefit from a process that reduces complexity, increases efficiencies and is tailored to your unique concerns, needs and goals.

Initial discovery discussion

We will conduct a comprehensive discovery process, to really get to know you, your situation and your goals and listen as you discuss your business, employees and family. Your local Relationship Manager will spend time learning how your business started, how it grew and where you want to take it.

Document your needs and goals

In summarizing key issues, the objective is to articulate and align the goals of your business with those of your life.

If you’ve already started your succession planning or haven’t reviewed an existing plan for some time, we may also be able to help you discover areas you’ve yet to consider.

Collaborate to identify the best solutions

To ensure a well-coordinated approach to all aspects of your life and wealth, we can collaborate with your existing advisors and professionals as necessary. Typically, this includes:

  • Legal professionals
  • Accounting and tax advisors
  • Management and family business consultants
  • Business brokers
  • Investment bankers
  • Estate planning advisors
  • Financial advisors/portfolio managers
  • Will and estate attorneys, consultants/trust officers
  • Business advisors/commercial bankers

Members of your senior management team, as well as your family, can also be included in the process to ensure there is understanding and continuity.

Plan updates

Once your plan is activated, we will regularly review and discuss your progress, respond to any changes that arise and assist in identifying additional opportunities and advice.

Over time, your team will help you to keep your succession plan on track through shifts in financial markets, developments in your organization and changes in your family.

Related investing and financial information

About TD Wealth

Enjoy the benefits our holistic approach that integrates succession planning into your overall wealth goals and strategy.

Discover what sets TD Wealth and the Private Client Group apart when it comes to managing your wealth with help from a dedicated local Relationship Manager.

Let's start the conversation

Our TD Wealth Advisors are available to provide you with advice to help you meet your financial goals.

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