In 1991 we had a recession similar to the one today, also caused in part by very low oil prices. It was this environment, (having been laid off from the oil patch), that gave me the opportunity to pursue my dual passion of starting my own accounting practice and helping entrepreneurs to succeed. My motto has always been Potential Revealed, Prosperity Unleashed.
It has been a genuine pleasure to be of service to many clients, the startups (many who have grown to great success), the consultants (who have accumulated funds for retirement) and the successful businesses who have grown and prospered. I have also had the privilege of preparing personal tax returns and participating in the financial planning and estate planning of many clients.
The government has challenged all of us with regular changes to the tax environment and we at Prospera have prided ourselves in ensuring all of our tax planning has focused on maximizing the benefit to our clients. The last few months of COVID programs and working from home have led to interesting times and we have weathered the storm.
I have always tried to give my clients the same advice and planning as I have used for myself. As the firm has grown and flourished, I have planned for my retirement in much the same way as many of you. As I grow into retirement, I also want to provide a road map for those who are at a similar stage or in the planning stages and try to show how it can be done in a well thought out manner.
Thus, having reached the age of 65, I felt it was time to put that plan into action. I will be merging Prospera with Lockhart LLP on August 1, 2020. I will become a partner with the two existing partners and the services and advice will continue in exactly the same way as they did with Prospera, just under a new name. My staff will also be joining the firm, so you will continue to work with the same people with whom you are accustomed. I will continue to work full time at Lockhart for several years.
Many of you have met Jay Jerowsky already. He joined Prospera as a partner in January and has spent the majority of his time since then familiarizing himself with the Prospera clients. Effective January 1, 2022, Jay will become the senior partner overseeing all Prospera clients, at which time I will become a consultant to the firm with the intention of continuing in an advisory role. I will also be available for special projects, financial planning and estate planning for clients.
Over the past eight years, Jay has gained significant experience while working with companies, joint ventures, partnerships, sole proprietors and not-for-profit-organizations across a wide array of industries. He brings with him perspective gained while working at local, national and international accounting firms. With this experience, accompanied by his strong work ethic and client focused approach, I believe he will be a significant asset to you for years to come.
I am very grateful to have had the opportunity of working with all of you over the years. I am fortunate to have developed many long- term clients, valued colleagues and supportive staff, many of whom remain good friends. Linda and I thank you all for your support and kindness over the years. I look forward to working with you in our new setup.
We will be moving and new telephone and email numbers will be communicated soon but all the contact information will continue to be operational for some time.
Effective August 1, 2020 our new address is:
Suite 230, 340 Midpark Way SE, Calgary, AB, T2X 1P1