Our Clients
- They have been saving throughout their careers, contributing to their Registered Retirement Savings Plans (RRSPs), and have accumulated a nest egg of $500k+.
- Now that their children have just about finished university, they are motivated to contribute more to their retirement plan.
- They are willing to assume some of the associated risks of market uncertainty in exchange for greater income potential.
- They are also trying their best to avoid or reduce debt.
- They enjoy entertaining family and friends at home and travelling to the Caribbean for their vacations.
- Most of their savings were through their employer-sponsored plan and investing with a major Canadian bank. They felt that even though they had someone to speak with on the phone or in the branch, it was on a superficial level, and they were not confident in a one-size-fits-all approach. They wanted a long-term trusted advisor who would tailor an investment strategy around their situation and objectives.
- They prefer independent advice that allows them to participate and learn more about various investment options.
- They are hoping to eventually leave their business to their adult children or sell it.
- They maximize their RRSP and TFSA contributions each year, but most of their retirement savings are invested within their corporation.
- They want tax-effective solutions for the money invested in their corporation and the transfer or sale of the company.
- Risk management is also essential in the case of death or illness.
- They spend a lot of time in their business but have a lot of flexibility to go to the cottage and travel outside of the country.
- The majority of their savings are accumulating in their corporate accounts, and they are now interested in setting up a Personal or Individual Pension Plan. This allows them to create a guaranteed income stream for life along with the taxation and estate benefits that are of tremendous value to them and their family members who are part of the business.
- They appreciate the coordination of their accounting and investing advice into a unified strategy that will allow them to meet their objectives in a tax-efficient manner.
- They want to maintain their lifestyle without compromise and eventually leave an inheritance to their children.
- They are now converting their RRSPs and LIRAs to RIFs and LIFs and are receiving income from their investments.
- They prefer stable investments amidst an increasingly volatile market.
- They are interested in withdrawal strategies that reduce taxes while maintaining government benefits.
- They want a tax-effective strategy to leave more of their estate to their children.
- Most of their time is spent with family, grandchildren (and doctors), and between home and their cottage.
- There is a lot of interest in downsizing to unlock the value of their principal residence and invest. This represents a sizable portion of their assets, along with their accumulated savings in RIFs and LIFs.
- Lifestyle considerations are essential, as are retirement cash flows and estate planning strategies.
- My clients want to ensure that each of their children receives their fair share of assets from the estate.
- They also want to know that their grandchildren's education is adequately funded.
Our commitment to you
We are here to take away the burden of managing all components of a financial plan on your own, allowing you to spend time on the things that matter, like your family, travelling, or a favourite hobby.
To do this effectively I work with a team of tax specialists and investment professionals who assist me in customizing the wealth management strategies for my clients.
The strategies are customized to your situation. No off-the-rack planning here. And since customization requires a higher degree of collaboration, you will hear from me often.
Mike Sukhram is a financial advisor in Mississauga, serving clients in the GTA, Oakville, Brampton, Etobicoke, Toronto, and Burlington areas. He specializes in investments and insurance strategies to help professionals, executives and business owners with their retirement plans.
Designations:
- CEA (Certified Executor Advisor)
- CIM® (Chartered Investment Manager)
- FMA® (Financial Management Advisor)
- PFP® (Personal Financial Advisor)
- MBA (Masters Business Administration - International Trade & Finance)
Testimonials
Thank you Mike!
Mike has been one of the best financial choices I have made. We connected and had many conversations discussing my goals and concerns.
Understanding my needs and recommending a plan that has performed exceptionally well is a relief to me.
Regular conversations about life in general allow Mike to really understand me.
Trusting Mike with my grandchildren‘s financial planning in the Family Plan is the highest compliment I can give Mike.
- Avril R., Hamilton
I tell everyone about you.
I really like the emails you send me with your trade recommendations, especially those showing the profits I've made!
- Paul L., Burlington
When I attended Mike's seminars, I realized that I had a lot to learn about investments, wills, legacy and much more.
Mike's easy-going manner and very obvious knowledge of the money market and estate planning convinced me that he could keep my investments safe for my golden years as well as make my portfolio grow.
He has restored my faith in the Financial advisor/planner profession.
I am thankful for his hard work and dedication to his clients.
-AP, Brampton
I met Mike Sukhram back in 2009 when I was looking to open a Registered Disability Savings Plan account. I quickly learned that despite the account being available for about a year, only one of Canada's banks was able to open one and only senior advisors could handle such transactions. Enter Mike Sukhram.
Mike soon became a valued member of my "health team" as he was handling my future financial well-being and allowing me to put a lot of my anxieties to rest. Before long, he became my mother's financial advisor as well. He is now my parents' financial advisor and he has helped my sisters out by providing important information when they were buying their homes and planning their financial futures.
Mike has done a wonderful job handling my affairs. He is always ready to make a stop at my house for a meeting or if my signature is needed. Since my mobility has often been an issue, his willingness and ability to make things easier for me has been indispensable.
His expertise is far-reaching and ever-growing as he never shies away from studying and learning new things. I really appreciate that he is always encouraging me to ask questions or to seek clarification with him when I become confused with financial jargon in documents that I receive. He is always quick with responses to my emails even though I tend to be overly loquacious!
He is someone that I truly trust and rely on and I have no qualms recommending him to family and friends and anyone who will listen. He values his clients and his dedication and drive assures that he takes care of all of them just like I am sure he cares for his own family members.
- Jeanette, Brampton, ON
We were with another financial company for the better part of 16 years, after having some issues and loss of trust, we were advised to speak with Mike Sukhram. Mike made us feel more secure and we have been with him a number of years now. We are extremely happy with his frequent contact and advice. He has surpassed our expectations of the relationship one should have with their financial advisor.
Mike truly takes the time to really know his clients which gives us every confidence that not just our financial goals are well understood but also our comfort level. He regularly provides updates and has always been available to answer any questions or to explain options within our portfolio(s). He has guided us well during and post the 2008 financial crisis and has been most careful in this current Trump bull market. Mike is constantly learning and taking meetings with Portfolio managers and understands needs assessment and has the Product and Service knowledge to help his clients succeed.
- AS and PS, Brampton, ON
Mike was my financial advisor at my major bank.
When Mike moved over to Nour Private Wealth, I just had to move my investment portfolio along with Mike.
Mike is an attentive, persistent, and diligent person, He goes above and beyond my expectations. He is very knowledgeable and has extremely good insight into investing. He responds very quickly to my inquiries and needs.
He is soft-spoken, courteous, but makes his recommendations in a great explanatory manner, and spends a lot of time comparing results and options, just to make sure that is what I want.
Sincerely,
- Alex, L., Etobicoke
Hi Mike,
I want to say thank you for the professional service you have displayed towards both myself and wife.
The professionalism, knowledge, and attention given to our portfolio was second to none. Your approachable style and follow-up on our requests at times made it easy and comfortable to deal with you. My investments have performed well based on our discussions and strategies, and on your recommendations.
Thank you again and look forward to our continued business relationship.
Regards,
- Desmond P., North York
The best time to plant a tree was 20 years ago. The second best time is now.
Chinese Proverb
Carte Wealth Management Inc.
1000-2680 Skymark Ave., Mississauga, ON L4W 5L6
Mutual Funds and ETFs are provided through Carte Wealth Management Inc.
Insurance products such as segregated funds, life, disability, and critical illness insurance are offered through Carte Risk Management Inc.
Banking services through referral arrangement.
Mike Sukhram is a financial advisor in Mississauga, serving clients in the GTA, Oakville, Brampton, Etobicoke, Toronto, and Burlington areas. He specializes in investments and insurance strategies to help professionals, executives and business owners with their retirement plans.
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