Business Transfer the Focus of the Most Recent Financial Planning Summit

Thursday May 12th, 2022

Not even a power outage could dampen the interest of the attendees of the most recent Financial Planning Summit, presented by the IG Wealth Management Chair in Financial Planning (website in French only)! It goes without saying, however, that with such high-caliber speakers and the emphasis on a very current topic such as business transfer, the meeting was sure to captivate the audience.

An Enlightening Start

Despite the lack of power at the start of the event, the air was electric between the participants during this unexpected turn of events. And once the lights came back on in the Boucherville auditorium, the guest of honour,  Patrice Lamy, President of Verre Sélect inc., found himself in the spotlight.

In his opening address, Mr. Lamy shared his business transfer story. The presentation shaped up to be a blend of advice, personal experience, and ups and downs, which served to effectively highlight the entrepreneurial issues involved.

Panels to Shed Light

This set the table for the first panel, which mainly dealt with business transfer planning. The financial, human and managerial aspects were the focus of the discussions led by the panelists:

• Maripier Tremblay, Full Professor at the Department of Management, FSA ULaval
• Stéphane Bourgeois, Senior Director, Business Transfer, National Bank of Canada
• Denis Ellefsen, Eng., MBA, Business Transfer Advisor | Montérégie, Centre de transfert d’entreprise du Québec (CTEQ)

The second panel addressed the issue of business transfer strategy, including the taxation and legal implications of such a process. This panel featured the expertise of another group of panelists:

• Normand Verville, CPA, CA, D.Fisc., Associate Vice-President, Tax and Estate Planning, IG Wealth Management
• Jean-Philippe Vézina, Pl. Fin., M.Fisc., Financial Planner, Financial Security Advisor, Insurance and Group Annuity Advisor, IG Wealth Management, and lecturer in estate planning at FSA ULaval
• Caroline Marion, LL.M., D.Fisc., Pl.Fin., Vice-Presidency, Wealth Management Advisory Services, Desjardins Wealth Management

In Conclusion: A Successful Event!

The May 4 event concluded with a word from the event’s moderator, Chantal Lamoureux, LL.B., CRHA, CEO and Secretary of the Institut québécois de planification financière.

Of course, the Financial Planning Summit could not have been such a success without the involvement of partners. The event’s organizers would like to thank IG Wealth Management, the Institut québécois de planification financière, the National Bank of Canada and the Chambre des notaires du Québec, as well as the event’s broadcast partner, the Centre de transfert d’entreprise du Québec.

A photo album of the event is available for viewing below.