Its one thing to underwrite an investment insurance policy or other financial planning strategies to a potential client, it’s another thing to provide the client before underwriting, assurance they will see measurable results both on the short and long term
Industry Overview
- Number of Veterinarians in Canada 12,215
- Annual Revenues: 5 billion
- Annual Growth: 13-18 4.7%
- Employment: 31,062
- Businesses: 5,751
The Veterinary Services industry has exhibited moderate volatility over the past five years. Demand for veterinary services from the agricultural sector contracted. At the same time, demand for routine veterinary care fluctuated significantly over the period. Over the next five years, industry operators will benefit from rising veterinary costs. However, the number of veterinary visits is expected to decline due to more nutritious pet diets and the use of more effective vaccines cutting into the number of veterinary visits required to maintain pet health. Nevertheless, industry revenue is anticipated to grow as the industry becomes more specialized (e.g. through pet oncology and neurology)
The Canada Veterinary Healthcare market is expected to register a CAGR of around 5% during the forecast period, 2018 to 2023. Veterinary medicines are associated with treatment, diagnosis, and prevention of diseases among animals. It covers a variety of animal species, both, in domestic and wild.
Increase in Ownership of Pet Animals
The citizens of Canada prefer ownership of pets, compared to other countries in the similar geographic locations. As per a 2014 data published by the Government of Alberta, 57 percent of households, which roughly translates to 7.5 million households in the country, own pets. Furthermore, cats are more popular as pets than dogs. The same source reported that 37 percent of households in the country owned one or more cats, while 32 percent preferred dogs as a pet. During the year 2014, Canadian citizens owned at least 7.9 million cats and 5.9 million dogs. Apart from these animals, birds, fishes, herptiles, and small mammals are also preferred by the Canadian citizens, as roughly 9 percent of the Canadians were reported to own one of these as a pet. The major share of pet animal healthcare is attributed to dogs, as dog owners are more likely to spend on the healthcare needs for their pets. Additionally, risk of emerging zoonosis, advanced technology leading to innovations and increase awareness about animal health in animal healthcare is also a factor responsible for the growth of veterinary healthcare market.
RFG Mission
To provide best in class highly diversified tax compliant insurance based investment solutions and financial planning strategies that offer, capital growth, access to capital and long term financial stability within the practice itself, the ownership, stakeholders and its employees.
Giving you the freedom to focus on the reasons you went into practice in the first place.
RFG Vision
To be the very best insurance investment and financial planning resource in the Canadian veterinarian market that exceeds physician investor expectations while providing peace of mind, stability, trustworthy advice and support on the long term that you can count on.
Who We Are
RFG serves very specific sensitive markets that demand a thorough knowledge and understanding as to financial priorities and offer the deepest level of service and experience needed to achieve financial goals.
RFG stress free expert advice in the insurance investment and financial planning industry is not a typical company that sells insurance policies, but provides tax compliant innovative solutions that exceed and meet very specific demands and requirements that are driven by your best interests and needs in mind.
Our philosophy is very straight forward, we look not to our own interest but the interest of who we provide expertise to.
Special Insurance Needs Identifies Our Diversity In The Veterinarian Practice Field
We address some of the following at a high level:
- Taxes and your investment asset mix
- Corporate-owned permanent life insurance
- Financial Planning
- Estate Planning
- Risk Management
- Retirement Planning
- Insured Annuities
- Income and Equity Funds
- Vet practice insurance
- Pet Healthcare Plans
- Home Insurance
- Pension Freedom for vets
- Workplace pensions
- Disability Insurance
- Critical Illness Insurance
- Segregated Funds
- RESP
- RRSP
Our Product / Service Diversity
Very few insurance investment and financial planning organizations in today’s market are as diverse as Royale Financial Group. The overall advantage that RFG possesses, is their imitate knowledge of every insurance company and its offerings. We also are known for customizable tax compliant financial planning solutions that are very effective. With that competitive edge we can provide competently solutions that deliver important comparative analysis enabling the veterinarian practice a more educated approach which enables one to make an informed and sound decision. As a client you immediately have legal, accounting, technology and industry market knowledge available to you under one umbrella, you are in a position of strength to determine what’s in your best interest not ours.
Another major advantage, we provide trusted advisors that have significant market knowledge of the insurance investment and financial planning industry, that can review and assess propositions that you may have received at no cost to you. We do the leg work, you make the decisions, were there for you.
Our Insurance Investment Solutions Advantage Plus Program is a well proven highly valuable financial strategy that provides the highest level of confidentially, ways to access capital through insurance investing, provide dividend income returns, significant tax reductions, personal direct banking management process enabling you greater control of your revenue and bottom line and we are just touching the surface.
As a very specialized company addressing specific sensitive markets, our diversity and knowledge in this highly volatile market provides provides you a significant advantage now and in the future. Preservation, Protection, Planning of one’s current and future business revenue will determine the best insurance and financial planning solutions.
PLEASE NOTE
If you are one of the principal shareholders, owner or partner of the Practice, Royale Financial Group can provide timely insurance investment vehicles and financial planning solutions and strategies that are considered the best in the industry.