TD Waterhouse has launched an enhanced financial care and management service to assist Private Trust clients in taking care of their own and extended family members’ financial needs.

“Financial care and management now provides a wider breadth of options for a variety of clients, from those who simply need day to day management of finances for an elderly family member, to those who want the full range of financial and investment services for themselves or others, as they travel or focus on other priorities,” says Sandra Recine, vice president, TD Waterhouse Private Trust.

“With the growing demographic trend of people being responsible for more family members for a longer period of time, we believe this enhanced service will be of great value to many clients, as it will provide convenience and help ensure peace of mind.”

In 2007, approximately 2.7 million Canadians provided unpaid care to people over the age of 65, a 25% increase from 2002. Many of them are part of the “sandwich” generation, that is, those that are caught between the conflicting demands of caring for children and for parents.

Beyond planning and managing ongoing income and cash flow arrangements, the new service offers tax preparation advice and management of investment needs. In addition to GICs and provincial and federal government bonds, investment alternatives now include certain capital growth vehicles.

The service also can provide healthcare and eldercare-related referrals.