Wealth Management is the art of structuring your wealth while building it and preserving it, in order to transfer it to the next generation in a tax-optimized way. Wealth planning is a mix of tax planning, wealth protection, estate planning, and business succession planning and relates to your total universal wealth. Creating and maintaining a sound financial plan involves a detailed review of your entire financial picture and proactive recognition of your evolving needs. Westgroup Financial Management is a firm based in South Surrey, Canada that excels at Wealth Management.
Westgroup Financial Management was founded by Karm Panesar who wanted to help Families and Corporations create a holistic financial plan by making use of Investment and Insurance strategies to lessen the pain that comes with exposure to taxes and challenges of creating wealth. Westgroup Financial does this through its full range of services including Estate Planning, Retirement Planning, Wealth Protection, Insurance Planning and Investments including RRSP’s, RESP’s, TFSA’s, and Private Wealth Management. It offers its services in the Province of British Columbia through several offices located in Vancouver, South Surrey, Langley, and Greater Vancouver Area.
The company also has a distinguished advisor team that stays up-to-date with the latest changes in financial regulations through training courses mandated for the financial industry. All of the Westgroup Advisors are members of Advocis, which is the largest voluntary Professional Membership Association of Financial Advisors in Canada.
Focus On Securing Data
Being a financial management company, the South Surrey-firm naturally deals with sensitive data on a regular basis. But it prides itself on having built its business around integrity and honesty as much as it focuses on improving the financial path their clients are on.
To ensure the integrity of data, the personal information retained by Westgroup Financial is governed by the Personal Information Protection and Electronic Documents Act (PIPEDA). The firm follows the US Department of Commerce Guidelines which are set by the National Institute of Standards and Technology, for retention and disposal of data (endorsed by Office of the Privacy Commissioner of Canada). Moreover, the company has a strict policy to destroy all personal information that is no longer required to fulfill the identified purposes.
A Technology-Driven Company
Technology has a pivotal role to play in the world’s best businesses around the world and this holds true for Westgroup Financial Management as well. The company believes in an omnipresent approach and leverages the latest technologies by including cutting edge Financial Planning Software, Customer Relationship Management Software, Leading Accounting Software, and also implementing AI for improving efficiencies in automation. It also uses in-house software for comparative financial products across the board to ensure optimal value and efficiency for clients.
Forging New Partnerships
Westgroup Financial Management is a growing company that places a high priority on its standard of customer service. To ensure this high standard, the company is launching a partnership with a renowned HR firm. This partnership has been forged to provide an innovative cost-effective approach to finding and retaining industry top talent and to ensure that Westgroup Financial Management’s clients are serviced by the leading professionals in the financial industry.
Westgroup has made some great progress in the last two years as it has sustained a 50% year-on-year growth in sales by building a highly qualified advisor team and client base.
Karm Panesar, Founder and CEO
He has over 15 years of experience in business executive roles. He founded Westgroup Financial Management in 2018 to help families and businesses achieve their financial goals. He is also the Founder of Global Earthworks Ltd., an Excavation and Demolition Company that specializes in Residential, Commercial, High-Rise buildings. He ran a successful import/export business prior to founding Westgroup Financial Management. All of Karm’s businesses including Westgroup Financial are A-rated, BBB Accredited due to his extensive experience and reputation.
Karm is a member of Advocis, the Financial Advisors Association of Canada. He is the recipient of the Top 100 Award featured in the Top 100 Canadian Professionals Magazine as a successful CEO. Karm was also awarded the Best Wealth Management CEO for Western Canada by the CEO Review Magazine. He believes in giving back to the community and regularly supports charitable causes and projects.