Wealth Management

Voted #6 on Top 100 Family Business influencer on Wealth, Legacy, Finance and Investments: Jacoline Loewen My Amazon Authors' page Twitter:@ jacolineloewen Linkedin: Jacoline Loewen Profile

October 18, 2015

Business Transitions Forum, Vancouver, Tackles How to Value Your Company

Business Transitions Forum focuses on planning and transactional strategies guaranteed to smooth the transition of business ownership, while demystifying the process required to successfully sell your business. You will leave with the tools to create your own roadmap while understanding best practices and the roles played by expert advisors so that you can build your own team, if necessary. BTF’s large scale allows for anonymity if you prefer to blend into the crowd.
Jacoline B. Loewen, Featured Speaker and leader of BTF panel
I will be leading a panel of experts to discuss who are the experts that an entrepreneur needs to begin the process of transition. Questions that will be addressed include:
  • Where do I start and who can assist me?
  • What dictates how much my company is worth?
  • Who is buying businesses now and what are they looking for?
  • What tactics will maximize the value of my company while minimizing taxes?
  • How can I avoid compromising my marketplace while I look for buyers?
  • What will I do with the proceeds (and my identity) after the sale?
  • How can I assess the risks of succession within my family?
  • Why do so many business transitions fail?
Thinking about the future ownership of your business and don’t know where to start? Join us!

October 15, 2015

CBDC founder Pamela Jeffery names the Diversity 50 for Board Director positions

A leading voice in the fight to get more women and minorities on corporate boards in Canada has published its latest list of what it describes as highly qualified candidates.
Jacoline Loewen listed on the Diversity 50 for corporate boards
The Canadian Board Diversity Councilsays its so-called 2015 Diversity 50 Cohort includes eight men and 42 women, six of whom currently serve on FP500 or Fortune 500 corporate boards.
The diversity council says the group includes six aboriginal candidates, up from five in 2014, as well as 11 visible minorities. All were vetted under a process endorsed by participating CEOs from 11 large Canadian companies.
According to the council, the Diversity 50 initiative has resulted in 22 board appointments to FP500 or Fortune 500 companies since its inception in 2012.
Meanwhile, it says recent regulatory changes have highlighted the ongoing need to increase the number of female directors in Canada.
So-called "comply or explain" disclosure requirements adopted by securities regulators in most provinces and territories now require core TSX-listed issuers to disclose both their approach and progress in achieving greater gender diversity on their boards of directors.
"More women than ever before are sitting on Canada's corporate boards, but we need to do more," said CBDC founder Pamela Jeffery.

Jacoline Loewen

October 8, 2015

What one trait should every leader have? Jacoline Loewen explains...

Jacoline B. Loewen speaking about women in leadership
Ellevate Network Toronto presents the annual Women in Leadership Seminar Series.
This year, five amazing women presented their journeys to C-Suite.
This year’s ‘Leadership Series’ event, Women in Leadership: Journeys to C-Suite, features five accomplished and driven women who will share their personal stories of how they climbed the ladder of success and the challenges they faced along the way from a personal and professional perspective.
Jacoline Loewen said that the most important trait for a leader is being humble. You cannot do it alone.
6:00 PM Hors D’Oeuvres and Mingling
6:45 PM Panel Discussion
8:30 PM Networking
For more information, contact Cristina Onosé 647-299-9595 or email cristina.onose@gmail.com
Tickets for the NAAAP executive team will be $15, please RSVP by email to syazdan@me.com.
Thank You to Our Generous Sponsors!

Fiona Crean
Ombudsman, City of Toronto
Fiona Crean is the City of Toronto's first Ombudsman. Prior to this new post, Fiona was an Assistant Deputy Minister in the Ontario Government, responsible for managing significant organizational change in the correctional system. She established the Ombudsman's role at York University and was Executive Director of the Ontario Ombudsman's Office.
Dr. doris grinspun
Dr. Doris Grinspun
CEO, Registered Nurses' Association of Ontario
Doris Grinspun is the CEO of the Registered Nurses' Association of Ontario (RNAO), the professional association representing registered nurses, nurse practitioners and nursing students in the province of Ontario. From 1990 to 1996, Grinspun served as Director of Nursing at Mount Sinai Hospital in Toronto. She has also worked in practice and administrative capacities in Israel and the US.
Andrea cohen barrack pic tct
Andrea Cohen Barrack
CEO, Ontario Trillium Foundation
Andrea Cohen Barrack is the CEO of the Ontario Trillium Foundation, Canada’s largest granting foundation. Andrea has a lengthy and successful career in community healthcare. Prior to OTF, she was the CEO of Unison Health and Community Services. A transformative leader, she is recognized for her expertise in making organizations more effective.
Kim cohen
Kim Cohen
CEO, Brown & Cohen Communications & Public Affairs Inc.
Kimberly Cohen is the CEO of Brown & Cohen Communications & Public Affairs Inc., which provides public relations and marketing services across Canada. She helped grow the company’s revenue and client base significantly over the past 20 years conducting marketing and brand building campaigns for businesses from start-ups to the most trusted brands in many industries.
Jacoline loewen
Jacoline Loewen
Director, UBS Wealth Management
Jacoline Loewen and her team at UBS work with high-achieving entrepreneurs and executives of publicly traded companies, as well as owner-operators and family firms. She specializes in wealth management through the stages of financial growth. She is a director on the board of the Private Capital Markets Association Canada (PCMA) and the Toronto Atmospheric Fund.
Howard brown
Howard Brown
President, Brown & Cohen Communications & Public Affairs Inc.
Howard Brown is president and founder of Toronto-based Brown & Cohen Communications & Public Affairs Inc. Since 1991, Howard has provided public and government relations services to over 250 companies, associations and not-for-profit organizations including the Women's Brain Health Initiative, Professional Engineers Ontario and the Share the Road Cycling Coalition.

October 4, 2015

4 Patterns of Financial Decision Making for Couples

Ask any husband-and-wife team if they share in the financial decisions of their family business and they’ll probably say yes. But dig a little deeper, and you’ll find that their definition of ‘financial decisions’ varies greatly.
Special Article By Jacoline Loewen, Toronto, Canada
Men often view financial decisions as those pertaining to long-term planning, sale of business and insurance. Women, on the other hand, consider financial decisions as the management of daily expenses, accounts payable, employee benefits and payroll.

They also tend to differ when it comes to investing: risk tolerance, expected results from investing and financial priorities, which means emotions run high when money is discussed. In turn, these differences have a tendency to flow through to the family business.

As counsellors will attest, money can be a divisive issue in marriage; from the early days, over who is going to do the actual paying of bills, right through to decision making over investing and retirement planning. The pressure can magnify if the couple runs a business together.

Couples should make a point of having a ‘money conversation’ early on, and should explicitly communicate their financial hopes and expectations. In any relationship, making assumptions can lead to misunderstanding. Openly discussing risk tolerance and possible outcomes depending on the scenario will bring a better balance to the business too.

There are four main patterns of most financial decision making, which – for the family business couple especially – are important to recognize:

1. The man decides. Women gravitate towards predictable results, which may mean sacrificing higher rates of return. Men, on the other hand, tend to want to beat the market, despite the increased risk necessary to get heightened results.
When the man makes the decisions, he will often take the riskier decision with the hope of higher outcomes. This can stress the woman but she will not want to argue her position, which is why she will opt out of shared decision making. Female business owners, at the end of their family business career, often discuss how they would not have taken the higher risk investments made by their partner. Looking back, if there is success, it is easier to say the risk worked.

2. The woman decides. Financial decisions made exclusively by women make up a small percentage of couples. In these cases, the woman tends to be the primary bread winner. Interestingly enough, they pick up the men’s risk profile by liking more aggressive investments. They may be unhappy about having to lead the financial planning at the time, but on the plus side, they’re far less worried about running out of money once retired. These women also tend to turn to their financial expert to manage their finances and help make decisions about their investments.

3. Decisions are independent. LGBT couples are more likely than heterosexual couples to separate their financial planning and investment because of that important factor: differing risk tolerance. Despite being the same gender with the similar risk and outcome profiles, they see themselves as independent as compared to family business couples. The trick is to make sure to use a financial expert as a sounding board in order to balance the risk appetite. 

4. Decisions are shared. There are advantages having both parties to voice their concerns on a matter, but this might mean the ultimate decision results in a compromise of two conflicting opinions, which may not ultimately be the right one. There’s also the potential for more arguments if both parties need to be involved in every financial decision and do not understand the different risk profiles they each prefer.

Determine which partner is better at making particular types of financial decisions and then step back and get out of the way. This shouldn’t necessarily mean that the breadwinner makes all the decisions, and it doesn’t mean any one spouse makes all the decisions. It means that sometimes it’s better for the man or the woman to make a decision individually, sometimes it’s better for them to make shared decisions, and sometimes it’s better to make separate and independent decisions.