To be recognized for crystallizing and magnifying value for our clients
We crystallize and magnify value for our clients
David S. Velanoff has over 40 years of experience in the Canadian financial services industry. With more than 24 years of leading notable public and privately held companies and divisions, Mr. Velanoff has been an integral part of a number of major financial companies successes. .
Additionally, having intimate familiarity with MFDA, IIROC, MGA, Tax Services, Mortgage and Deposit Brokerage platforms, he brings extensive knowledge and value to every level of management. Mr. Velanoff also brings the experience of having participated in several company acquisitions, been President and/or President & CEO of 3 significant financial planning firms, a mortgage broker, life insurance MGA and deposit brokerage operations. .
Dave Velanoff authored the Retirement Succession Plan for one of Canada’s largest and most successful fully integrated Independent Financial firms which was eventually sold to one of Canada’s top five Banks.
Soon after being appointed CEO at MGIF he implemented a succession program that became one of the major value propositions and strategic initiatives of the company. After the successful sale of MGIF to one of Canada’s major financial institutions, Velanoff semi-retired and soon after created a business plan and vision to build a consolidator salaried financial planning firm. Velanoff aligned himself with key founding shareholder partners and together they built and restructured their company under the CEO Model methodology; a system designed to crystallize and magnify the value of an organization or corporation for future sale. Very recently the business was sold to a like-minded Investment Management firm for a valuation multiple that exceeded the expectations of the company shareholders; beyond the valuation multiples in their business plan.
Mr. Velanoff, prioritizes his spiritual life, family, health and giving back to society as paramount to his legacy.
In today's marketplace, to find and retain the best employees it simply isn't enough to only offer full-time hours and competitive wages. Employers who offer full company benefits ( Extended Health & Dental, Vision Care, etc.) can gain a competitive edge over companies that do not offer similar compensation packages.
For small businesses looking to expand their capabilities there are many different financing opportunities available today. There are federal government programs offering financing help especially for small business. There are also hundreds of grants available to small businesses and the qualifications are often far easier than most people imagine. A simple Google search for "small business grants" will usually result in a list of a number of companies ready to help business research and obtain Federal and Province grant money.
Every small business enterprise involves financial transactions ( wages, investments, succession planning ) that have tax consequences. Every small business should work with a qualified accountant who can assist them with creating the most tax-efficient structure for their business.
In every small businesses there is at least one person – likely the owner – who is the cornerstone of the entire operation. Every business owner should consider protecting themselves with Key Person Insurance, so that any loss(death) or injury would not seriously affect the business’s survival.
While many business owners rely heavily on the sale of their business as their primary retirement planning solution, this is not always the wisest strategy. Every small business owner should consider the wisdom of a strategic retirement plan in combination with their business succession plan so that they can enjoy a secure retirement without relying too much on the sale of their business.
When a small business owner suffers from a disability, a critical illness or even a premature death there are far-ranging impacts to a families financial well-being, Every business owner should implement a strategy to mitigate these different risks with a combination of life and disability insurance plans.