• (403) 380-6280
  • 420 - 13th Street North, Lethbridge, AB

Wiest Insurance & Investment Management

Grow your corporations surplus cash,

Corporate Investment and Savings Accounts

If your business has cash that is not required for working capital (operations) or capital expenditures, you have the option to park some money in a business savings account.

Corporate Investment and Savings Accounts

Many companies also save money for large purchases they plan to make in the future. For example, if you are a manufacturer, you probably have a plan for when your equipment will need to be replaced and how much it will cost. If you’d rather not take out a line of credit to finance the purchase, you could instead set aside after-tax earnings until the business has saved enough to buy the equipment.

Your business could also be saving money for an upturn in the economy, when it may make more sense to expand.

If you aren’t taking advantage of using investment and savings products to grow your corporations surplus cash, then most likely it is sitting in a bank account somewhere collecting very minimal interest. In Canada, our long-term inflation rate goal varies between 2.5 and 3% currently. So in fact, if your money isn’t growing with inflation, you actually are losing value on your money. We work together with you to develop the proper corporate savings/investment account to offer growth and flexibility.

If you need to have access to this cash at any time, a high-interest savings account or a balanced portfolio most likely makes sense. If you are more concerned with guaranteed growth and know you won’t need access to these funds for a certain period of time, maybe a GIC would fit your situation better.

It is also important to consider that there are some insurance planning strategies that may make sense in your corporate financial planning that will allow you to take advantage of tax benefits on the growth of your retained surplus along with the transfer of these funds from the corporation to you personally. If you would like to explore these strategies more in depth, schedule your free consultation for more information.

Insurance Planning

As an Independent financial advisor, my team will provide services tailored to each client’s needs and objectives. Proper planning now can help reduce emotional and financial stress when the need for insurance arises. Adequate insurance for life and long-term care is essential, and careful planning is crucial to nearly any financial goal. Having insurance coverage in place is invaluable, allowing you to focus on what matters most and not worrying about finances.

Investment Planning

Because Wiest Insurance and Investment Management is an independent firm, we are empowered to deliver unbiased advice and are not restricted to certain investments or proprietary products – solutions are customized to meet your needs and investment objectives.

Allow us to help navigate your retirement planning, tax, estate, philanthropic or business succession plans.


Agriculture continues to be one of, if not the most important industry in Alberta…yet we have seen drastic intergenerational changes. Being raised on a 4th generation crop and cattle farm in Southern Alberta, I have the ability to work with you in developing a financial plan that focuses on successfully transitioning your farm…whether that means succession planning or sale planning. If you are expanding, or have current debt that is insured through your bank or lending facility, allow Wiest Insurance and Investment Management the chance to shop out your insurance needs and bring back a cheaper and better solution!

Corporate & Small Business

You need professional advice and guidance that can help you develop the right plan for your future and the future of your business. Wiest Insurance and Investment Management will provide sophisticated planning solutions for your business including qualified retirement plans, succession planning, buy-sell agreements, risk management, nonqualified executive benefits, and employee benefits along with developing investment and savings accounts owned by your corporation to grow your retained surplus cash.