10 Things Clients with $10 Million or More Need to Know to Grow and Protect Their Wealth
If you’ve accumulated $10 million or more in net worth, congratulations – you’ve achieved a level of financial success few ever reach. But with greater wealth comes greater complexity. At this level, managing your financial life requires more than basic investment strategies and simple estate planning. It requires a sophisticated, integrated approach to ensure your wealth not only grows but is also preserved for future generations.
At Cox Financial Group, we specialize in working with high-net-worth and ultra-high-net-worth individuals across Canada. Here are 10 essential strategies we help clients like you implement to grow and protect their wealth.
1. Tax Optimization Is Not Optional – It’s Critical
At the $10M+ level, taxes can quietly erode millions over time. Strategic tax planning – including income splitting, trust structures, corporate class investments, and charitable giving – can significantly reduce your annual tax bill. We help clients structure their wealth to minimize taxes not just today, but over generations.
2. Asset Protection Strategies Are a Must
Wealth attracts attention – and risk. Business liabilities, lawsuits, divorce, and creditor claims can threaten your assets. Proper legal structures, such as holding companies, discretionary trusts, and prenuptial agreements, provide critical protection.
3. A Family Office Approach Creates Clarity
Most families with $10M+ benefit from a virtual family office model – a coordinated team of financial, legal, tax, and investment professionals working together. We act as a central advisor, aligning your entire team toward one goal: protecting and growing your wealth.
4. Philanthropy Can Be Purposeful AND Strategic
Giving back isn’t just good for the soul – it’s good for your estate and tax planning too. We help clients use Donor Advised Funds (DAFs), charitable trusts, and foundations to create meaningful impact while optimizing tax outcomes.
5. Next-Generation Planning Should Start Now
Wealth often becomes a burden – not a blessing – without proper preparation. We help families educate and mentor the next generation, implement trust structures, and establish family governance plans that prevent future conflict.
6. Private Investments Offer Diversification and Growth
Beyond traditional stocks and bonds, many of our clients explore private equity, real estate syndicates, and private credit. We help you assess opportunities, manage risk, and stay diversified with high-quality private market investments.
7. Liquidity Planning Helps You Sleep at Night
Even with $10M+, liquidity matters. Whether you’re planning a business exit, buying property, or gifting assets, having access to capital without triggering tax is key. We work to ensure your wealth plan supports your lifestyle and legacy without surprise tax hits.
8. Cross-Border and Multi-Jurisdiction Planning is Essential
Own U.S. property? Dual citizenship? Invest internationally? If your financial life spans borders, your planning must too. We coordinate with cross-border tax experts to prevent double taxation and ensure compliance in every jurisdiction.
9. You Need a Team, Not a Salesperson
Bank advisors often push products. At Cox Financial Group, we act as fiduciaries – providing advice, not sales pitches. We’re here to help you coordinate, not complicate, your financial life.
10. Regular Reviews Are Non-Negotiable
What worked last year might not work today. High-net-worth planning requires ongoing reviews of tax laws, market conditions, and your goals. We provide consistent, proactive advice to keep your plan on track – even as life evolves.
We Specialize in Helping High-Net-Worth Canadians Navigate Complexity
At Cox Financial Group, we work with individuals and families with $10 million or more in investable assets. Our expertise spans investment strategy, tax planning, estate structuring, philanthropy, and business succession. More importantly, we know how to coordinate all these moving parts into a cohesive plan that aligns with your values and goals.
Whether you’re preparing for a major liquidity event, transitioning your business, or simply want a second opinion, we’re here to guide you with clarity, discretion, and results.
Ready to Take the Next Step?
Book a confidential consultation with our team today and discover how we can help you grow, protect, and enjoy your wealth.
Or contact us at (403) 329-6220