A look back...

Aronovitch Financial Group proudly traces its roots back to 1905 when A.H. Aronovitch founded Aronovitch & Leipsic Limited (A&L), a real estate and general insurance agency.  In 1986, Don Aronovitch left A&L to start Aronovitch Financial Group on the same principles that have become AFG’s Core Values – Excellence, Creativity and Integrity.

The Aronovitch Team today …

Aronovitch Financial Group provides individual & corporate clients with superior financial and tax-advantaged estate structuring solutions and integrated "Big Picture" Security Plans.

During their working years, individuals have varying combinations of open investments, RRSPS, TFSAs, pensions, group plans, life, disability and critical illness insurance. Seldom however, are these financial instruments integrated at the Big Picture level which often results in costly duplication and/or potentially dangerous exposure.

Most companies put into place Group Benefit plans, Buy/Sell Insurance plans and Key Employee Protection plans. Unfortunately, many companies fail to knit together these components into an integrated Big Picture. Because owners often exist as employees, key employees and shareholders, there frequently are cost and tax-saving opportunities to integrate multiple benefits under the different hats.

Mainstream structuring concepts are often omitted which result in the unnecessary enrichment of CRA and avoidable structuring inflexibility. These concepts include extracting trapped corporate surplus and reducing the capital gain arising from disposition of the shares upon death.

With complicated tax and legal situations, we access some of the best minds in our industry. Manulife’s Tax & Estate Planning Group provides business owners and their professional advisors with extensive guidance on tax and legal issues, life insurance and accounting. For advanced insured tax structuring concepts, we work with both the PPI Financial Group and Lasanaltech Inc. an actuarial firm in Montreal.

We engage the actuarial firm of Gordon B. Lang & Associates for Health & Welfare Trusts, Individual Pension Plans and Retirement Compensation Arrangements.

Donald Aronovitch

Financial Advisor

Don Aronovitch graduated from the University of Manitoba in 1966 with a degree in Commerce. He worked at Aronovitch & Leipsic for two years before pursuing an MBA at Columbia University in New York. He returned in 1968 and worked at Aronovitch & Leipsic for 18 years, the last 5 of which were as President & CEO. When he and his brother sold A&L in 1986, Don transitioned his skills set into the Aronovitch Financial Group Inc.

As well as being a Financial Advisor, Don has led an active volunteer life including being President of the Jewish Federation of Winnipeg, an Executive Member of the Jewish Foundation of Manitoba, a Board Member of the Royal Winnipeg Ballet, President of the MusikBarock Ensemble and Co-chair of a $1.3 million capital fundraising campaign for the Jazz Studies Program at the University of Manitoba to endow a professorship.

His personal passions include hiking, cycling, reading, classical music and jazz but at the top of the list is wilderness kayaking.

Don received the Jewish community’s highest Volunteer Award – the Sol Kanee Distinguished Community Service Medal.