Lance Scott

Transitions For Business owners
____
We seek to answer two equally important questions: “What will your business look like without you?” and “What will your life look like without your business?”

You may never step away completely, but it’s essential to have a strategy in place to address the new priorities, opportunities and complexities that can develop over the long term. We provide a systematic process for designing and executing a custom exit plan, as well as the strategies and resources to service your entire financial household.


Transitions For Corporate Executives
____
Many executives lack the time to fully consider questions that become increasingly significant as they near retirement or semi-retirement: Are your investments sufficiently diversified? What will your income streams look like in ten years? How will your deferred and equity compensation impact the next phase of your life?

We help executives take steps to maximize the value of their assets, protect what matters, and maintain financial clarity; within a process that’s designed to fit into a busy schedule.

Specialized Knowledge
____
The retirement transition, and all the complexities it entails for owners and executives, is a core competency of the Lance Scott Investment Group. We have access to specialists within TD who have the qualifications, and specialized knowledge to guide you to the next stage in your life, as the focal point of a comprehensive wealth strategy.

Experience and Credentials
____
Lance Scott holds the Certified Financial Planner and Chartered Investment Manager designations. He is a Senior Portfolio Manager with TD Wealth Private Investment Advice. This means the advice we offer represents some of the highest standards in the industry. It also means we can provide discretionary portfolio management, which allows for elevated customization and efficiency.

Relationship Management
____
Our clients have complex needs, so we entrust a number of specialists, including business evaluators, tax and estate planners and financial planners, to help design and execute comprehensive wealth plans. We first understand the relationships you already have in place, and then expand that network to include TD Specialists, so that you can benefit from a well-coordinated system of subject matter experts.


Organizational Tools
____
We serve as a centralized financial management resource, coordinating professionals and strategies you need to stay on track, and helping you organize and simplify your entire financial household. This includes value-added features like financial organizers, success tracking and
document management.

1. Uncover what matters.   
____
Our unique discovery process is about more than just gathering financial details. As part of our 7 Vision Questions, we engage in a priority ranking exercise wherein we discuss the events and values that could end up defining the next stage in your life. We also help ensure your priorities are aligned with those of your spouse or business partner. 

This often includes family dynamics, business goals, health concerns, and ideas you haven’t had a chance to explore, like philanthropy or community involvement.  
   
2. Get our recommendations.
____
We compile our assessments and recommendations into a proposal that we present to you. We don’t require anything from you at this time, but we will walk you through the strategies we’re recommending and answer any questions you may have.

3. Initiate the 12-point wealth management program.
____
Should you decide to move forward, we will initiate our full wealth management program, which starts with a comprehensive financial plan. We begin organizing your financial picture and implementing the steps we’ve recommended, in order of priority.

1. Comprehensive financial plan to gain clarity and a roadmap for your lifetime financial strategy
2. Individual goal strategies with specific requirements and written plans for every goal
3. Implementation process and thorough progress updates on your goals and action items
4. On-track reports summarized and personalized to help maintain progress and clarity
5. Best-in-class money management, to assess and determine how to position your assets to help you achieve your individual goals
6. Asset management strategies focused on clear risk parameters, tax- and cost-efficiency tactics and annual due diligence
7. Tax planning checklist to help you keep more without altering spending or earning
8. Estate Planning Organizer and the Beneficiary Audit Service to develop and clarify your estate plan and intergenerational goals
9. Cash flow and retirement income planning that includes short-term and long-term funding strategies, specialized accounting software and tax-efficiency tools
10. Risk management process to assess any risks and potential blind spots, as well as engage TD Specialists to address your insurance needs
11. Planning organizer to help simplify your life by getting your total financial household in order
12. Success tracking and document management to help you stay organized and stay on track to your goals