REPEAT-BMO Report: Sixty Per cent of Canadian Entrepreneurs Concerned about Retirement and Cash Flow Issues Oct 25, 2014 08:00AM

TORONTO, ONTARIO -- (Marketwired) -- 10/25/14 -- To mark Small Business Month, the BMO Wealth Institute today released a report which examines what keeps Canada's entrepreneurs "up at night". The study found that 60 per cent of Canadian business owners are concerned with being able to retire from their business, as well as managing cash flow in profitable and challenging times.

Other top concerns identified included:

--  Identifying income options from business profit (56 per cent)
--  Paying too much tax (51 per cent)
--  Handling the business if a key employee quits or leaves (47 per cent)
--  Taking care of family members if incapacitated (44 per cent)
--  Managing business succession planning (39 per cent)

The report, Entrepreneurs: Definitely Not Your Ordinary Business Owners, also notes that, in terms of priorities, 75 per cent of entrepreneurs said they are focused on making improvements in their business operations and more than half (56 per cent) are seeking to grow their business aggressively.

"Entrepreneurs face a variety of stresses, both business-related and personal, as they travel the path from growing an idea to transforming it into a viable business," said Chris Buttigieg, Senior Manager, Wealth Planning Strategy, BMO Financial Group. "Most entrepreneurs are so focused on the day-to-day management of their businesses that they often overlook the importance of effectively managing hard-earned profits and taking into consideration critical medium- and long-term priorities such as retirement and succession planning. A comprehensive and personalized wealth plan, which includes a business succession planning component, is an important key for any business owner."

The report outlines several wealth management considerations for business issues and personal concerns:

Income options: Being paid by salary, dividends or a bonus can have different ramifications for the entrepreneurs and the business. Varying provincial tax rate advantages and tax-deferral options should be considered.

Minimizing taxes: Combining both personal and business taxes is beneficial to entrepreneurs. Leaving personal funds in an incorporated business can help to minimize taxes and reduce reliance on lines of credit.

Insurance needs: Selecting an insurance plan that can care for the entrepreneur, their family and their business can be challenging and require specific knowledge around risk and insurance-based strategies.

Minimizing risks: Using ownership structures, such as holding companies or family trusts, can help reduce the risk of owning a business.

Income splitting: Allotting assets or income to a spouse or other family members can be implemented to reduce the entrepreneur's family's overall tax bill.

Tax-advantaged savings plans: Individual Pension Plans, Pooled Registered Pension Plans, Tax-Free Savings Accounts, Insurance Retirement Plans and Group Registered Retirement Savings Plans are options to help the entrepreneur plan for the future.

Investment management: Managing the investments of a company is important and liquidity, risk and short- or medium-term cash needs must be considered.

Credit management: Accessing credit when needed is essential when owning a business. Ensuring that personal and business needs are in order help keep funds available for the business.

Succession planning: An overwhelming 69 per cent of entrepreneurs do not have a formal written succession plan in place. Establishing a plan to ensure the orderly transfer of management and ownership of a business to the next generation helps prepare the employees, the owner and the owner's family for when the owner is no longer involved in the business.

"Coordinated planning and advice from a financial professional is essential for those who own a business. When an entrepreneur seeks advice, it's important that both their business and personal needs are addressed in a holistic approach. This way, they can plan for a financially stronger future," said Mr. Buttigieg.

For more information on wealth management news at BMO please visit

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About the BMO Wealth Institute

The BMO Wealth Institute provides insights and strategies around wealth planning and financial decisions. The Institute's team of professionals have deep expertise around all aspects of wealth planning including retirement, estate, tax and insurance.

To view a copy of the full report, please visit:

About BMO Financial Group

Established in 1817 as Bank of Montreal, BMO Financial Group is a highly diversified financial services organization based in North America. The bank offers a broad range of retail banking, wealth management and investment banking products and services to more than 12 million customers. BMO Financial Group had more than $586 billion in total assets and approximately 47,000 employees at July 31, 2014.

Media contacts:
Amanda Robinson, Toronto

Valérie Doucet, Montreal

Source: BMO Financial Group and BMO Wealth Institute

LAER Realty Partners Opens Flagship Office in Andover, MA Oct 25, 2014 08:00AM

ANDOVER, Mass., Oct. 25, 2014 /PRNewswire/ -- LAER Realty Partners, with offices throughout Massachusetts, celebrated the Grand Opening of their 12th office location in Andover, MA this month. Real estate agents, bankers, attorneys, and local business owners from Andover and surrounding towns came out on October 22nd to celebrate the opening of the new flagship office at 2 Elm Square. 

"We've known for six months that Andover would be a target market for us because of its close proximity to eight other offices we have in the Merrimack Valley," explained Stacey Alcorn, co-owner of LAER Realty Partners. "Even before opening the doors in Andover, LAER Realty Partners closed on several home sales within the town, including a sale on Clark Road for over $2 million in September. Alcorn explained, "Our strategy for moving into the Andover market is based on several affinity partnerships we have with large employers in the area. As the preferred real estate firm for several local businesses, we have an abundance of home buyers looking for real estate in Andover and surrounding towns. That, coupled with our one of a kind luxury marketing program, designed to give home sellers maximum marketing exposure when selling their home, makes Andover the perfect market for us."

The Andover location already has seventeen experienced real estate agents, with nine additional agents who have committed to join by January. According to Alcorn, the goal is to capture top three market share within the community within six months. She also hinted that other mergers and office openings are expected in the near future.

About LAER Realty Partners:LAER Realty Partners is the largest independent real estate firm in Massachusetts based on transactions closed. With more than 250 agents, LAER Realty Partners has offices in Andover, Danvers, Westford, Chelmsford, Dracut, Groton, Burlington, Billerica, Westborough, Northborough, East Longmeadow, and Boston. Their website is The firm is owned by Stacey Alcorn and Andrew Armata.

Contact: Stacey Alcord, 1-978-479-4053

Photo -

To view the original version on PR Newswire, visit:

SOURCE LAER Realty Partners

Shirtless Nick Jonas In Robin's Jean For Flaunt Magazine Oct 25, 2014 08:00AM

(PRWEB) October 25, 2014

Flaunt Magazine has just released a series of eye-popping, mind-blowing, steamy pictures of Nick Jonas in boxer-briefs channeling 90's Marky Mark. Jonas has been busy bulking up for his role as an MMA fighter in the DirecTV show 'Kingdom', and had no problem exposing the fruits of his labor, going shirtless in Robin's Jean 'Motard' biker jeans. Robin's 'Motard' biker jean is the one of the top styles for men with zipper details on the pockets and knee pleating for maximum comfort and movement.

Photo: Yu Tsai for Flaunt

The 'Jealous' singer is promoting his new album due on November 11th and will be on the cover of Flaunt. The shoot and interview took place in Los Angeles. It was styled by celebrity stylist Joseph Episcopo and photographed by Yu Tsai for Flaunt #137, 'The Grind Issue' 2014.

Founded in 2005 by Robin Chretien, Robin's Jean features a unique collection of jeans, jackets, tops, hats, sneakers and belts for men, women and kids. The brand is Made in the USA with five Robin's Jean Flagship store locations; Beverly Hills, CA; Soho, New York; Laguna Beach, CA; Garden State Plaza in Paramus, New Jersey and Ibiza, Spain, and more to come.

Press contact:
Kim Dillard

Read the full story at

iglide on tour wraps up North American tour by giving back Oct 25, 2014 08:00AM

East Providence, Rhode Island (PRWEB) October 25, 2014

For over two months, the igus Inc. team carried out a mammoth effort of coordinating and executing a car tour from Anchorage Alaska to New York City, traveling through more than half of the 50 United States, and crossing across Canadian boundaries three times, totaling 13,670 miles. Along the way, the car stopped to visit more than 40 of igus' current and potential customers, speaking with engineers about the true power of iglide plastic bearings, which are currently celebrating their 30th anniversary.

56 of igus' plastic bearings were retrofit inside the small car, which is driving around the world over the course of a year to test the power of the bearings in all temperatures, climates, and driving conditions. You can see the entire application report of the car's retrofit process here (

After crossing from the Alaskan wilderness, down the Pacific coast, and across the vast Midwest, the orange "iglide car" reached igus' new 147,000ft2 Rhode Island facility on October 3, where it helped the company celebrate Manufacturing Day, as well as igus' 50th anniversary as a company.

Continuing in the celebration, the igus team has donated one dollar for each mile traveled in North America to the National Multiple Sclerosis Society (, which supports research, driving change through advocacy, facilitating professional education, and providing programs and services that help people with multiple sclerosis and their families.

The car has since traveled across the Atlantic from New York City to Frankfurt Germany, where it has begun the European leg of the tour, which comes to an end in April, at the Hannover Trade Fair. There, the car will be disassembled and the wear of the bearings examined at the event in front of thousands. To learn more about the retrofit process, iglide plastic bearings, or the world tour, please visit the iglide 30 page at

About igus®
igus® develops industry-leading Energy Chain® cable carriers, Chainflex® Motion Cables, DryLin® linear bearings and linear guides, iglide® plastic bushings, and igubal® spherical bearings. These seemingly unrelated products are linked together through a belief in making functionally advanced, yet affordable plastic components and assemblies. With plastic bearing experience since 1964, cable carrier experience since 1971 and Motion Cables since 1989, igus provides the right solution from over 100,000 products available from stock. No minimum order required. For more information, contact igus at 1-800-521-2747 or visit

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Debt-Apocalypse is Turning People into Zombies; Warns the Experts at Oct 25, 2014 07:45AM

Fort Lauderdale, FL (PRWEB) October 25, 2014 staff members dug deep this Halloween season to uncover a grave problem: Debt can turn consumers into overextended decaying zombies, but with the help of people can come back from the debt and regain financial health.

The sixty second video "The Day of the Living Debt" is an irreverent grassroots effort where the actors are staff member and volunteers. "The team became zombies to illustrate how debt can eat you alive and if people are careening towards problem debt, there is a way out, and that way is with," says Howard Dvorkin, CPA and Chairman of In fashion the entire production cost under $1,500.

The video illustrates how Americans are plagued with student loans, credit cards, wedding debt, high mortgage payments, and stolen identities. "Rotting credit scores and rancid debts are the enemy of and we offer people a trusted place with vetted solution providers to find the debt cure they need," Dvorkin continued.

With household debt including mortgages, credit cards, auto loans and student loans, at $11.65 trillion, according to the Federal Reserve Bank of New York, and consumer spending increasing $13.5 billion last quarter, it's not a far reach to say that debt has gotten out of control for many consumers. urges consumers to seek help.

The video concludes "One website for any debt problem… turns the day of the Living Debt into Day of The Debt-Free Living!" and that is truly what hopes to accomplish.

About is a merge of financial experts, business journalists, certified solution providers for credit card debt, student loan assistance, credit monitoring, tax debt, identity theft, credit repair, bankruptcy and debt collector harassment. Collectively, the experts have more than a century of experience in the personal finance field.

Read the full story at

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