Money Matters with Jim Doyle
Money Matters with Jim Doyle is a half hour show exploring how money matters to Canadians.
This season of Money Matters with Jim Doyle features frank discussions with Canadian business owners and entrepreneurs sharing their stories of success and challenges – inspiring viewers to plan more and worry less!
Jim and his team are passionate about helping Canadians envision and realize their financial goals, creating lasting wealth that survives across generations. Families don’t often talk about money, so Jim has made it his objective to help families start these challenging conversations, offering a multi-generational approach to money management, with financial literacy as a cornerstone of the practice.
At Doyle & Associates Private Wealth Management – IG Wealth Management, Jim and his team offer bespoke planning advice for high-net worth families, retirees, professionals, and business owners. Jim is a graduate of the UBC Sauder School of Business Family Enterprise Advisor Program and focuses on asset management, business succession planning, inter-generational wealth planning with tax and estate planning.
With over 30 years experience, Jim’s credentials include the CERTIFIED FINANCIAL PLANNER designation (CFP), Registered Trust and Estate Practitioner (TEP), Certified Divorce Financial Analyst (CDFA), Chartered Life Underwriter (CLU), as well as the Certified International Wealth Manager (CIWM).
MONEY MATTERS EPISODES – Season 1
THE DREAM TEAM: GETTING MORE OUT OF YOUR PROFESSIONAL ADVISORS
Thursday, July 7 at 5pm PT / 8pm ET
Sunday, July 10 at 7am PT / 10am ET
In this show, we discuss the increasing demand for a more collaborative approach from tax, legal, and investment professionals, ensuring the health of the business — and the family’s financial future.
MONEY AND INVESTMENTS: FRIEND OR FOE? THE PSYCHOLOGY OF MONEY
Thursday, July 14 at 5pm PT / 8pm ET
Sunday, July 17 at 7am PT / 10am ET
Does dealing with money and investments make you feel anxious about your lack of knowledge – previous investment decisions – or lack of financial success?
WHEN CULTURE, FAMILY AND MONEY COLLIDE
Thursday, July 21 at 5pm PT / 8pm ET
Sunday, July 24 at 7am PT / 10am ET
Money values can lead to conflict and painful family legacies. How do we open lines of communication – and narrow generational gaps? What’s a family to do when culture, family, and money collide?
RETIREMENT REDEFINED: IS IT AN EVENT OR AN EXPERIENCE?
Thursday, July 28 at 5pm PT / 8pm ET
Sunday, July 31 at 7am PT / 10am ET
How do you view retirement? Retiring FROM something, or, TO something? Have you planned financially and emotionally – for the opportunities that retirement represents?
MONEY DOESN’T HAVE TO BE A RELATIONSHIP WRECKER
Thursday, Aug. 4 at 5pm PT / 8pm ET
Sunday, Aug. 7 at 7am PT / 10am ET
Are you up-close and personal with your partner’s financial DNA? We’ll explore how “financial infidelity” hurts relationships and offer tips on having healthy money conversations.
FAMILY AND MONEY: TALKING TO THE KIDS ABOUT MONEY
Thursday, Aug. 11 at 5pm PT / 8pm ET
Sunday, Aug. 14 at 7am PT / 10am ET
Teaching kids about money empowers their transition to independence AND adulthood. We’ll highlight how financial literacy provides skills and knowledge to make financially-responsible decisions.
DIVORCE AND MONEY: THE UNPLANNED JOURNEY
Thursday, Aug. 18 at 5pm PT / 8pm ET
Sunday, Aug. 21 at 7am PT / 10am ET
Those separating or divorcing, may find themselves on an unplanned journey, adjusting to new realities. We’ll explore different divorce options – and a troubling new trend – Grey Divorce…
BRING YOUR FAMILY INTO YOUR ESTATE PLANNING DISCUSSIONS
Thursday, Aug. 25 at 5pm PT / 8pm ET
Sunday, Aug. 28 at 7am PT / 10am ET
Estate planning decisions made behind closed doors can leave those who inherit uniformed. It’s not just WHAT you give – but HOW and WHY you give – that matters to families.
PARENTS & AGING – FINANCIAL CHALLENGES
Thursday, Sept. 1 at 5pm PT / 8pm ET
Sunday, Sept. 4 at 7am PT / 10am ET
We’ll explore the financial challenges and the evolution of roles and relationships in families as parent’s age.
FAMILY BUSINESS IS YOUR BUSINESS
Thursday, Sept. 8 at 5pm PT / 8pm ET
Sunday, Sept. 11 at 7am PT / 10am ET
Family businesses face challenges – from succession planning – to family dynamics; when multiple families are tied to the business, untangling their retirement and estate planning requires a professional helping hand.
AN UNCONVENTIONAL ESTATE PERSPECTIVE: PREPARE YOUR HEIRS – NOT YOUR ESTATE
Thursday, Sept. 15 at 5pm PT / 8pm ET
Sunday, Sept. 18 at 7am PT / 10am ET
Explore an unconventional estate planning perspective, making it less about who gets your stuff – and more about preparing the people that take on the roles of power of attorney, or executor, to better understand their responsibilities.
FINANCIAL INFIDELITY AND TALKING TO YOUR SPOUSE ABOUT MONEY
Thursday, Sept. 22 at 5pm PT / 8pm ET
Sunday, Sept. 25 at 7am PT / 10am ET
For couples talking about money: “Do undisclosed accounts or hidden credit balances suggest you’re living a financial double-life? Are these signs of ‘financial infidelity’?
FINANCIAL LITERACY – A LIFELONG JOURNEY
Thursday, Sept. 29 at 5pm PT / 8pm ET
Sunday, Oct. 2 at 7am PT / 10am ET
The growing use of payday loans, rising debt, and people struggling to afford their lifestyles suggests financial trouble on the horizon. Financial literacy – it’s more powerful than you think!
MONEY MATTERS EPISODES – Season 2
INHERITING A BUSINESS: AN UNPLANNED JOURNEY
From dead stop to cruising speed – navigating without a map.
Joining us on this episode are founders Adam Mills of Four Winds Brewing, one of BC’s leading craft breweries (and the Mills Paint family legacy), and Jill Van Gyn-Carr of Fatso Nut Butters, sold via 500 distributors across North America, as well as Elyssa Lockhart, Partner, Trusts, Wills, Estates and Charities Department at Fasken Law.
IT’S OKAY TO FAIL
The value of mistakes and lessons learned. For successful entrepreneurs, embracing failure is as important as embracing success.
Joining us on this episode are founders Chef Vikram Vij of Vij’s and My Shanti Restaurants, Adam Mills of Four Winds Brewing Co., one of BC’s leading craft breweries (and the Mills Paint family legacy), and Felix Böck of ChopValue, an international circular economy micro-factory franchise concept. These intrepid entrepreneurs share aspects of their journey to success, overcoming challenges, fear, and self-doubt along the way.
Whether it’s a business relationship or at home – make sure your business isn’t a casualty of the process.
Joining us on this episode are founders Lori Joyce of Betterwith Ice Cream, Rahul Aggarwal, founder of CleanDivorce, and Claire Sutton, Registered Clinical Counsellor and Family Enterprise Advisor, founder of Claire Sutton Consulting, Inc.
OWNING AND RUNNING A BUSINESS AS A WOMAN
Why there is strength in community.
Join us as we introduce you to Patrice Mousseau, Founder & CEO of Satya Organic Skin Care, Alyson Jones, President & Clinical Director, Alyson Jones & Associates, one of the largest private counselling practices in the province, and Kavita Kent, Owner of both Balance Medical Center and Westcoast Women’s Clinic, specializing in women’s health.
PREPARING THE KIDS TO TAKE OVER
Have you asked your kids if they would like to take over the family business? What needs to be considered…
This episode showcases the real-life experience of Organic Ocean Seafood Inc., a family-owned business. Founder, Dane Chauvel, appointed Guy Dean as President and mentor to Dane’s 26-year-old son, Paul Chauvel. Guy’s role includes overseeing Paul’s professional development to facilitate a potential (not guaranteed) transition. This episode highlights the often-overlooked fact that succession planning is not a do-it-yourself project. Advice from your accountant, your lawyer and financial planner is critical is assessing the impact and timing of the choices made, and the financial impact on the participants.
ESTATE PLANNING WHEN YOU OWN A BUSINESS
What happens to your business if you couldn’t come in tomorrow? Inheriting well doesn’t just happen.
On this episode, we talk to business owners, Toni Desrosiers, Founder of Abeego Beeswax Wrap, Kavita Kent, Owner of Balance Medical Centre and the Westcoast Women’s Clinic, as well as John Clerides, Owner of Marquis Wine Cellars. These savvy entrepreneurs understand that inheriting well doesn’t just happen. They share their insights on contingency planning, on having key people who can step in to keep their business functioning until such time that they could resume their role, or worse still, implement a succession play, or manage a sale of their business.
BEING IN BUSINESS – THINGS NO ONE TELLS YOU
Throw 9-to-5 out the door. Buckle up – it might be a bumpy ride!
There’s an African proverb ‘If you want to go fast, go alone. If you want to go far, go together.’ Our guests share their entrepreneurial gems – business success is often a journey of many and often comes down to hiring well, having a defined vision, systems and processes, and business resiliency. Lean into the journeys of Felix Böck -CEO and Founder of ChopValue, Vikram Vij – Owner of My Shanti and Vij’s restaurants, Victor Yoshida – Managing Director of Concert CPA, and Alyson Jones – President and Clinical Director of Alyson Jones & Associates, one of B.C.’s largest clinical counselling practices, as they walk us through their experiences of trial and error to create something from nothing.
GROWING AN IDEA INTO A SUCCESSFUL BUSINESS
Overcoming naysayers. Most business ideas never get off the ground. How do you change that?
From business planning to staffing, to raising capital, manufacturing, and delivery logistics, it can be hard to see beyond the horizon. Most business owners I work with, have some business skills they’re great at – but they also understand it’s not possible to know everything needed to run – and build a successful business. This episode highlights the entrepreneurial journeys of BE Alink, Founder of The Alinker Inventions Ltd. (a non-motorized walking-bike without pedals); Brianne Miller, Co-Founder of Nada (a package-free grocery store); and Toni Desrosiers, Founder and CEO of Abeego (beeswax food wrap) as they share how they turned brilliant ideas into business success. One of the first lessons they share: You cannot be an expert at everything. This means developing your network of competent advisors, business experts, peer group mentors, support persons, and a community of friends and family.
BUILDING NEXT GEN BUSINESS SKILLS
What skillset will future business owners need to take over?
When it comes to transferring the business from one generation to the next, it is our earnest passion to see families have these discussions and start them early. We’ll follow the stories of Ross Bonetti, Founder and President, Livingspace, Victor Yoshida CA, CPA, Managing Director, Concert CPA, John Clerides, Owner, Marquis Wine Cellars, and Dane Chauvel, Founder, CEO, and Fisherman, Organic Ocean Seafood Inc. It’s not easy to have these conversations, and there are multiple challenges to navigate along the way. On this episode, we share their experiences.
CREATING A SUCCESSFUL EXIT PLAN
If your business is “your baby” – how could you ever part ways?
In the absence of an exit plan, the company’s future and the families’ financial security are often in significant jeopardy. In my experience, the majority of business owners that don’t have an exit plan fail to realize how much money they will need to live a comfortable retired life, achieve their financial goals post exit, or do the things they dream of after retirement. When it comes to designing a successful exit plan, we’ll share the experiences and advice of Dane Chauvel, Founder, CEO and Fisherman, Organic Ocean Seafood Inc., Ross Bonetti, Founder and President, Livingspace, Elyssa Lockhart, Partner, Fasken/Trust, Wills and Estates and Charities Department.
COUPLES IN BUSINESS TOGETHER
The fine line between relationships and being in business together. Finding balance between personal relationships and business needs.
In this episode we will meet an entrepreneurial couple who have achieved success by keeping a keen eye on nurturing business and family needs. Steve and Meghan Clarke, founders of Tractor At Home and Tractor Everyday Healthy Foods, share their perspectives on running a thriving company as a couple while raising a young family. Registered Clinical Counsellor, Deborah Brakeley, and Claire Sutton, Registered Clinical Counsellor and Family Enterprise Advisor, underscore the importance of three areas of focus for couples in business: respectful communication; independent hobbies and interests (outside of the relationship and the enterprise); and a collaborative approach that addresses and blends the needs of the family, the business, and the couple’s relationship.
AN ACCIDENTAL BUSINESS OWNER
Thrust into the role – Building culture and systems from scratch.
Imagine you were thrust into the role of business owner tomorrow – responsible for EVERYTHING from HR and staffing to logistics and dealing with suppliers while still carving out time to plan and execute for profit. The learning curve is substantial! Who do you turn to – what do you do first – who can you trust? From survival mode to short -term, intermediate, and long-term planning, the stories featured on this episode epitomize the experience of ‘an accidental business owner’. Kavita Kent, Owner of Balance Medical Center and Westcoast Women’s Clinic, Heather Odendaal, CEO of WNorth, and Jill Van Gyn, Founder and CEO of Fatso Nut Butters share the life-changing circumstances that acted as a catalyst to their entrepreneurial adventures.
A VIRTUAL BUSINESS
Moving a bricks-and-mortar business online – digital assets and e-commerce – a disruptors journey.
After Covid restrictions prevented bulk food sales, a Vancouver-based package-free grocery store had to change its business model ‘That was no easy feat’ said Alison Carr, Co-founder of NADA Grocery. On this episode, she explains how their operation was able to both supply its current customers while deepening its roots in the community due to their successful pivot to online shopping. Elyssa L. Lockhart, Partner, Fasken / Trusts, Wills, Estates and Charities Department and Blair Kaplan Venables, President, Blair Kaplan Communications share their knowledge on subject matters involving the legalities and legislative matters to consider when enacting business transactions across multiple jurisdictions, as well as the processes to follow when developing a strong social media presence and brand that supports this monumental transition.
The opinions expressed by Jim Doyle and his guests may not reflect those of Investors Group Financial Services Inc. “Money Matters with Jim Doyle” is a general source of information only. It is not intended to provide personalized tax, legal or investment advice, and is not intended as a solicitation to purchase securities. Jim Doyle is solely responsible for its content. For more information on this topic or any other financial matter, please contact an IG Wealth Management Consultant. Trademarks, including IG Private Wealth Management, are owned by IGM Financial Inc. and licensed to subsidiary corporations.