Tax-smart investing & compounded growth...
... is the core of building wealth and comes with investment advising.
However, what is financial advising?
Here's a small list of what an advisor can help you with...
1. Strategies for maximizing your savings.
2. Build you a modular financial plan for retirement.
3. Make use of tax-efficient accounts.
4. Position your portfolio when the market goes higher or lower.
5. Rebalance your portfolio when life circumstances change.
6. Help you save for your children's retirement.
7. Reduce and manage your debts.
Simply put, financial advising creates value for you based on your own financial circumstances and needs.
8. Constantly keep watch on current market events to inform you on investment decisions and potential impacts.
9. Keep you disciplined to ensure you're on track to meet your financial goals over the years.
10. Legacy planning: Manage and plan for the transfer of your estate while considering taxes and probate fees.
Services are also tailored for other clients with unique needs.
Types of Accounts
A list of the main accounts we can use to optimize your wealth.
Trust
Whether a formal or informal trust account, you're able to invest and grow the account's assets for future inheritors.
RRSP
An account that prevents you from paying taxes on investment growth, and deferring the taxes to when you withdraw during retirement years..
RRIF
At age 71, your RRSP is converted into a RRIF. At this point you begin withdrawing from the savings you've built up.
TFSA
A savings account that allows you to avoid paying taxes on gains and investment income.
Personal
A taxable investment account used to invest the addition money you've saved after maximizing your RRSP and TFSA accounts.
Spousal
Whether it's a RRSP or RIFF, it might be advantageous to contribute to a Spousal RRSP for increased tax benefits.
LIRA
This account is if you have a pension from a former employer but you're not yet retired.
Joint
An account where there are multiple owners; some examples are married couples, business partners, and siblings.
LIF
Similar to a RIFF, a Life Income Fund allows you to withdraw funds originating from a LIRA.
Debt Optimization
Some people have too much of it, while some aren't making the best use of it.
Personal loans, demand loans, car loans, secured or unsecured lines of credit, credit cards, and of course, mortgages. Debt seems to be available and coming from everywhere. Easy to get but hard to get rid of.
We look to see how to can structure your debt so you're minimizing your interest expense and increasing your incoming cash flow; this way, more of your money goes towards paying down the principle faster.
For few clients that might be suitable and have little debt, we explore options for borrowing to invest in order to maximize your returns. However, with this comes the risk of increasing your downside risk. Executing this required more extensive knowledge and understanding of both the increase in possible losses through leverage, as well as the upside growth potential. This is an especially powerful tool when implemented in your younger years and can give you the ability to significantly enhance your savings in future years.
"A personal financial advisor sounds great... but, isn't it expensive?"
Answering The Big Question
The cost to you is based on a fraction of your total invested assets. This includes modular financial planning, portfolio construction, tax-smart investing, cash management, regular communication, and more.
For our cost-efficient, high value-add advising, we make sure we're smart with your money. We ask you the right questions, we'll agree on realistic goals, and keep you updated on your progress.
Our approach involves creating an investment portfolio that grows your money beyond your management costs. This way, our services pay for themselves and grow your wealth along the way.
We want to build a long-term relationship to help grow your wealth and meet your life goals over the decades.
