Succession Becomes Top Concern

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    Business succession has very quickly become one of the top concerns identified by high net worth clients. A survey by RBC Wealth Management also shows retirement planning and tax minimization remain other key concerns expressed by clients. “We are seeing a recent shift in the concerns of our high net worth clients. While they continue to seek out advice on retirement planning and, as part of that, tax minimization to ensure a successful retirement, they are also now increasingly putting on their business owner hat and seeking out advice around the succession of their business” says Howard Kabot, vice-president, financial planning, at RBC Wealth Management Services.