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Library of Congress Cataloging-in-Publication Data
Names: Feindel, Andrew, 1981- author.
Title: Kickstart your corporation : the incorporated professional's financial planning coach / Andrew Feindel.
Description: First Edition. | Hoboken : Wiley, 2020. | Includes index.
Identifiers: LCCN 2020028485 (print) | LCCN 2020028486 (ebook) | ISBN 9781119709138 (hardback) | ISBN 9781119709145 (adobe pdf) | ISBN 9781119709121 (epub)
Subjects: LCSH: Corporations—Canada—Finance. | Corporations—Canada—Taxation. | Incorporation—Canada.
Classification: LCC HG4090 .F45 2020 (print) | LCC HG4090 (ebook) | DDC 658.150971—dc23
LC record available at https://lccn.loc.gov/2020028485
LC ebook record available at https://lccn.loc.gov/2020028486
Cover image: © Sahara Prince/Shutterstock
Cover design: Wiley
For Tina, Jake, and Sophie & For Mel, Julia, Sophie and Sam.
Acknowledgments
I would like to thank my business partner and good friend Kyle Richie. Since working together in 2004, we have shared a vision for improving wealth management, and have implemented many of those ideas mentioned in this book. Kyle was ranked #1 by Wealth Professional in 2018 and has been a keynote speaker at investment conferences globally. As a top ranked advisor in Canada, he has successfully mentored many young financial advisors. We are both fortunate to work with each another and I look forward to many more years together.
Thank you to all the clients we have worked with over the years for their support and validation; Alexandra Macqueen for her help with streamlining the writing and asking “Why don't you write another book?”; Paul Matthews and Alexander Herman for their help with this book's title; Volt Chan, James King, Frank Santelli, Dan Collison, Sue Neal, and Ermos Erotocritou for their leadership; Serena Dang and Harpreet Wadehra for their sound accounting advice; Martin Houser, Mark Fox and Alison Minard for their legal advice which always challenges; Ty Wehrenberg and Glen McCrum for all their opinions; Jeremy Enwright, Ryan Shoemaker, Rachelle Allen, Tara McCue, Rob Gray, Erin Blair, and Edwin Pavey for making work fun; Alex Loh, Lisa Johnson, Yola Guo, Jennifer Olvet, Dylan Biggs, Coby Tiffin, and all our administrative team—thank you for putting up with us; Jack Courtney, Blair Evans, and Christine Van Cauwenberghe for their always diligent insights; the welcoming teams at Richardson GMP, especially Craig Bassinger and his team; the Horwood sisters and Bakish brothers; and the supportive team at Wiley for their input and revisions. Lastly, thank you to my family and friends, especially James Obaji for his perspective on these financial issues and our late best friend Joe Magnotta, who always wanted people around him to succeed. It was Joe's idea to hold our first financial planning seminar titled “Wealth and Wine” at his parents' winery—the first step in our journey.
100% of the proceeds of this book will be donated to charity.
About the Author
Andrew Feindel CFA, CFP, CLU, CSWP, CIM, FMA, CSA, FCSI, HBA (Ivey) Senior Vice President, Investment Advisor [email protected]
Andrew Feindel is a Senior Vice President and Investment Advisor at Richardson GMP.
Andrew is a co-author of Kickstart: How Successful Canadians Got Started (published 2008, Dundurn) where he interviewed 70 prominent Canadians including former prime ministers (Brian Mulroney), Native leaders (Matthew Coon Come), physicians (Dr. James Orbinski), business owners (Jim Pattison), cartoonists (Lynn Johnston), astronauts (Dr. Roberta Bondar), and ballet dancers (Karen Kain).
He built his career around understanding both the nuances of wealth and, perhaps more importantly in his chosen profession, the nuances of people when it comes to wealth.
A graduate of Upper Canada College's class of 2000, Andrew went on to graduate from the Richard Ivey School of Business and the Stockholm School of Economics with an honours degree in business administration. Sixteen years ago he joined Kyle's physician and dentist-focused practice and brought his deep understanding of the medical field with him — his father is a cardiac surgeon in Toronto, his grandfather was a neurosurgeon inducted into the Canadian Medical Hall of Fame, and his wife is a nurse.
Andrew has regularly appeared in the media, including the Financial Post, Globe and Mail, Reader's Digest, and CBC. He was also recognized by Wealth Professional magazine in 2017 and 2019 as one of a small group of up-and-coming young advisors poised to lead Canada's wealth management industry into the future.
Andrew holds many professional certifications, including the Chartered Financial Analyst (CFA), Certified Financial Planner (CFP), Chartered Life Underwriter (CLU), Chartered Strategic Wealth Professional (CSWP), Chartered Investment Manager (CIM), Financial Management Advisor (FMA), Certified Senior Advisor (CSA), and is a Fellow of the Canadian Securities Institute (FCSI).
Introduction: The Value of a Coach
“Another financial planning book,” you may be thinking. “What value will this be to me?”
The shelves of your local library and bookstore are already filled with every imaginable book on finances: budgeting, business planning, investments, retirement planning, tax planning, planning your estate, how to save money, best practices for businesses, and more. What value could one more provide?
The truth is, this book is unlike any other you've encountered. Whereas most other books provide copious amounts of information and detail about financial topics, very few provide concise, targeted, and pragmatic guidance with a boots-on-the-ground perspective from a team that's “been there, done that.”
And even fewer are written for you, the incorporated professional.
This book aims to change all that. From whether and when
